Global Point of Sale (POS) Terminal Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global POS Terminal market was valued at USD 72.28 billion in 2020 and is expected to reach USD 116.27 billion by 2026, registering a CAGR of 8.3%, during the forecast period of 2021-2026. The POS terminal market has grown significantly over the past few years, owing to its ability to offer an increased return on investment and ease of access. POS systems that facilitate transactions from the central component of businesses across industries, like retail, hospitality, transportation, and banking, have gained importance in companies of small and big sizes over the years.
Key HighlightsThe global point of sale terminals market is highly fragmented with the presence of a large number of players like iMetrics Pte Ltd, Samsung Electronics Co. Ltd, Panasonic Corporation, Casio Computer Co. Ltd, NEC Corporation, etc., that occupy around half of the market share. Moreover, these players are investing large amounts of money in R&D activities to introduce innovative payment technologies in the market. Strict government regulations and policies in several countries will drive the market, making it more attractive and competitive. Some of the key developments in the market are:
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