Global Point of Sale Terminal Market size was valued at USD 110.9 billion in 2023 and is projected to register a CAGR of 7.5% from 2024 to 2032, due to increasing launches and technological advancements. New point of sale (POS) terminal models are actively introduced for offering enhanced features, such as touchscreens, integrated payment solutions, and advanced connectivity options. These advancements are improving the efficiency and functionality of POS systems for allowing businesses to process transactions more quickly and accurately.
Technological innovations including cloud-based solutions and advanced security protocols are also integrated to protect data and streamline operations. For instance, in July 2023, PhonePe introduced its new Point-of-Sale device to enables merchants to accept payments via debit cards, credit cards, and UPI to provide a simple and seamless payment settlement experience for businesses.
The market is segregated into mobile, component, operating system, technology, application, and region.
In terms of product, the mobile segment in the POS terminal industry is set to experience growth at a significant rate through 2032, owing to the rising need for offering portability and flexibility. Mobile POS devices are updated with features, such as touchscreens, integrated payment systems, and wireless connectivity for allowing businesses to process payments anywhere. Mobile POS terminals are also integrated with various payment methods including credit cards, debit cards, and digital wallets for enhancing the convenience for both merchants and customers.
By component, the point of sale terminal market value from the software segment is projected to rise from 2024 to 2032, due to their robust ability to handle transactions efficiently. Software components include applications for payment processing, inventory management, and customer relationship management that offer advanced features. The ongoing developments of POS terminal software for enhancing user interfaces, integrating with various payment gateways, and incorporating data analytics for better business insights will also boost the segment growth.
Regionally, the Europe point of sale terminal industry size may depict robust growth between 2024 and 2032 due to the rising integration with e-commerce platforms and the growth of small and medium-sized businesses (SMBs). POS systems are seamlessly integrated with online platforms to create a unified sales and inventory management experience. Concurrently, the rise of SMBs is driving the demand for versatile POS solutions to support various business needs and scales across the region.
Chapter 1 Methodology & Scope
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
Chapter 2 Executive Summary
2.1 Industry 360° synopsis, 2021-2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2024 -2032
2.2.1.1 TAM trends
2.3 Regional trends
2.4 Product trends
2.5 Component trends
2.6 Technology trends
2.7 Operating System trends
2.8 Application trends
Chapter 3 Industry Insights
3.1 Industry ecosystem
3.1.1 Raw material suppliers
3.1.2 Component suppliers
3.1.3 Manufacturers
3.1.4 Technology/service providers
3.1.5 Distribution channel
3.1.6 End-user
3.2 Supplier landscape
3.2.1 Supplier landscape
3.3 Technology and innovation landscape
3.3.1 Payment processing technology 3.3.2 Mobile POS
3.3.3 Integrated software solutions
3.3.4 Security technologies
3.3.5 Data analytics and reporting
3.4 Patent analysis
3.5 Regulatory landscape
3.5.1 North America
3.5.1.1 Payment Card Industry Data Security Standard (PCI DSS)
3.5.1.2 Gramm-Leach-Bliley Act (GLBA)
3.5.1.3 Federal Trade Commission (FTC) Regulations
3.5.1.4 Personal Information Protection and Electronic Documents Act (PIPEDA)
3.5.1.5 Electronic Transactions Act
3.5.2 Europe
3.5.2.1 Electronic Money Regulations 2011
3.5.2.2 German Federal Data Protection Act (BDSG)
3.5.2.3 French Data Protection Act (Loi Informatique et Libertés)
3.5.2.4 Italian Data Protection Code (Codice in materia di protezione dei dati personali)
3.5.2.5 Organic Law on Data Protection and Guarantee of Digital Rights (LOPDGDD)
3.5.2.6 Federal Law on Personal Data (No. 152-FZ)
3.5.2.7 General Data Protection Regulation (GDPR)
3.5.3 Asia Pacific
3.5.3.1 Personal Information Protection Law (PIPL)
3.5.3.2 Consumer Protection Act, 2019
3.5.3.3 Financial Instruments and Exchange Act
3.5.3.4 Electronic Financial Transactions Act
3.5.3.5 Privacy Act 1988 (Australia)
3.5.3.6 New Zealand Privacy Act 2020
3.5.3.7 Consumer Protection Law (No. 8/1999)
3.5.4 Latin America
3.5.4.1 Consumer Protection Code (Código de Defesa do Consumidor)
3.5.4.2 Federal Law on Protection of Personal Data Held by Private Parties (LFPDPPP)
3.5.4.3 Financial Institutions Law (Ley de Entidades Financieras, No.
21.526)
3.5.5 MEA
3.5.5.1 Federal Law No. 2 of 2019 on the Use of Information and Communication Technology (ICT) in the UAE
3.5.5.2 Saudi Arabian Monetary Authority (SAMA) Regulations
3.5.5.3 Protection of Personal Information Act (POPIA)
3.6 Key news and initiatives
3.7 Industry impact forces
3.7.1 Growth drivers
3.7 .
1.1 Incre ase in N FC and co nt act less pay men ts ac ro ss the wo rld
3.7.1.2 Government initiatives for digital payment
3.7 .1. 3 Expand ing ret ai l and e-c o mmerce secto r, and ado ptio n o f advanced pay ment techn o lo gies
3.7 .1. 4 Ra pid adv ancemen ts in p ay ment techno lo g ies
3.7.1.5 High demand for POS terminals from several industry verticals
3.7.2 Industry pitfalls and challenges
3.7.2.1 Growing data security concerns
3.7.2.2 Lack of robust and reliable infrastructure
3.8 Growth potential analysis
3.9 Porter's analysis
3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
Chapter 5 POS Terminals Market, By Product
5.1 Key trends
5.2 Fixed
5.3 Mobile
Chapter 6 POS Terminals Market, By Component
6.1 Key trends
6.2 Hardware
6.3 Software
6.4 Service
Chapter 7 POS Terminals Market, By Technology
7.1 Key trends
7.2 Biometric
7.3 Traditional
Chapter 8 POS Terminals Market, By Operating System