Point of Sale (POS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Point of Sale Market
The worldwide Point of Sale market reached a value of USD 29.02 billion in 2023 and is projected to increase from USD 33.41 billion in 2024 to USD 110.22 billion by 2032, indicating a CAGR of 16.1% over the forecast period from 2024 to 2032.
COVID-19 pandemic increased the demand for online platforms to purchase goods and because of this the point of sale market size was decreased. People preferring online shopping doesn’t use scanners, printers, and others at the point of sale.
The Point of Sale (PoS) marketplace is experiencing rapid growth because of the growing adoption of digital bills and cellular wallets. Technological improvements have transformed conventional coin transactions, with the ease and security supplied through cellular payment apps like Paytm, Google Pay, and Apple Pay using considerable acceptance and usage, enhancing personal experiences appreciably.
Additionally, the increasing adoption of the cloud-based PoS is increasing the market size. This demand is bridged with the trend of AI integration to these systems. It is observed thatthis trend of integration of AI and cloud based technology has been affecting the point of sale market growth on a huge amount.
Comprehensive Analysis of Specialty Fertilizers Market
Segmentation in the point of sale market share is driving market because it allows companies to target specific customer groups with tailored services and solutions. Point of Sale (PoS) systems are classified into hardware and PoS terminal software, further categorized as fixed PoS, mobile PoS, and others. Deployment options include on-premise and cloud-based solutions. Operating systems supported are Windows/Linux, Android, and iOS, catering to various technological environments. End-users encompass restaurants, retail, entertainment, and other industries.
The Asia Pacific leads the PoS market due to expanding businesses, technological advancements, and a shift towards digital transactions. Rapid economic growth in countries like China and India fuels demand for efficient PoS systems.
Key market players drive industry growth through strategic partnerships and collaborations. Acquisitions play a significant role in their expansion strategies. They introduce innovative product offerings to meet evolving consumer demands. These efforts contribute to the expansion of their global presence. Ultimately, these initiatives enhance their competitiveness within the market.By implementing these strategies, these companies are not only expanding their global footprint but also enhancing their competitiveness within the market landscape.The key players are NCR Corporation (U.S.), Oracle Corporation (U.S.), Toast, Inc. (U.S.), HP Development Company, L.P. (U.S.), Ingenico Group (Worldline) (France), PAX Global Technology Limited (China), Lightspeed (U.S.), Block, Inc. (U.S.), Nomia LLC (Russia), and Fujitsu Frontech Limited (Japan).
In May 2023, PAX Technology, Inc. launched Elys Workstation (L1400), a highly configurable POS solution revolutionizing merchant and customer experiences.
Segementation Table
Global Point of Sale Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 16.1% from 2024 to 2032
Unit ○ Value (USD Billion)
Segmentation By Component
Hardware
PoS Terminal Software
By Type
Fixed PoS
Mobile PoS
Others (Barcode Scanner, Receipt Printer, Cash Drawer)
By Deployment
On-premise
Cloud-based
By Operating System
Windows/Linux
Android
iOS
By End-User
Restaurants
Retail
Entertainment
Others (Gas Stations and Transportation)
By Region
North America (By Component, By Type, By Deployment, By Operating System, By End-User and By Country)
U.S. (By End-User)
Canada (By End-User)
Mexico (By End-User)
South Ameirica (By Component, By Type, By Deployment, By Operating System, By End-User and By Country)
Brazil (By End-User)
Argentina (By End-User)
Colombia (By End-User)
Peru (By End-User)
Rest of South America
Europe (By Component, By Type, By Deployment, By Operating System, By End-User and By Country)
U.K. (By End-User)
Germany (By End-User)
France (By End-User)
Italy (By End-User)
Spain (By End-User)
Russia (By End-User)
Benelux (By End-User)
Nordics (By End-User)
Rest of Europe
Middle East & Africa (By Component, By Type, By Deployment, By Operating System, By End-User and By Country)
Turkey (By End-User)
Israel (By End-User)
GCC (By End-User)
North Africa (By End-User)
South Africa (By End-User)
Rest of the Middle East & Africa
Asia Pacific (By Component, By Type, By Deployment, By Operating System, By End-User and By Country)
China (By End-User)
India (By End-User)
Japan (By End-User)
South Korea (By End-User)
ASEAN (By End-User)
Oceania (By End-User)
Rest of the Asia Pacific
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