Point of Sale Terminal Market is expected to register a CAGR of 8.12% during the forecast period
Point of Sale Terminal is increasing due to the rising
demand for omnichannel commerce solutions in the forecast period, 2024-2028.
According to TechSci Research report, “Global Point
of Sale Terminal Market - Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028
Global
Point of Sale Terminal market has witnessed tremendous growth in recent years,
reaching a valuation of USD 94.98 billion in 2022. The market is projected to
continue its strong upward trajectory, posting a CAGR of 8.12% from 2024 to
2028.
The Point of Sale Terminal market has witnessed
significant growth in recent years, driven by its widespread adoption across
various industries. Critical operations such as predictive maintenance,
performance optimization, asset monitoring, and process automation have
recognized Point of Sale Terminal-powered solutions as essential tools for
developing precise systems, optimizing workflows, and improving outcomes.
Stringent regulatory standards around safety, emissions, and waste management
have compelled organizations to make substantial investments in digital
transformation initiatives utilizing Point of Sale Terminal solutions to
extract maximum value from asset management while ensuring compliance.
Companies worldwide rely on robust Point of Sale Terminal platforms and
technologies to support their needs.
To address unique industry challenges, Point of Sale
Terminal solution providers are actively partnering with client organizations
to develop customized, integrated systems enabling applications such as
real-time monitoring, predictive analytics, remote operations management and
performance benchmarking. These collaborations have resulted in enhanced
oversight of projects through advanced Point of Sale Terminal platforms
equipped with analytical dashboards facilitating data-driven decision making.
The development of innovative capabilities such as
machine learning, artificial intelligence, and computer vision is also fueling
demand in the Point of Sale Terminal market for solutions that help businesses
improve efficiency, reduce downtime, enhance safety, minimize environmental
impact, and other key metrics. Integration of emerging technologies with
existing industrial control and asset management systems promises improved
insights, higher productivity, and analytics-driven operations.
Government policies promoting the adoption of Industry
4.0 technologies, workforce upskilling, and leading cybersecurity practices
will continue driving investments in digital transformation initiatives powered
by Point of Sale Terminal solutions. As industries increasingly rely on data
analytics, demand in the Point of Sale Terminal market for advanced
capabilities is projected to rise substantially over the coming years.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Point of Sale Terminal Market.”
The global Point of Sale Terminal market
is segmented by product type, component, application and region. Based on
product type, fixed POS terminals dominated the market in 2022 due to their low
cost and stable performance. However, mobile POS terminals are expected to
witness fastest growth during the forecast period owing to their portability
and flexibility.
In terms of components, the hardware
segment acquired the largest market share in 2022 and is expected to maintain
its dominance. Meanwhile, the software solutions segment will grow at a higher
CAGR during the same period.
When segmented by application, the
retail & consumer goods industry emerged as the dominant segment in 2022
and restaurants are projected to be the fastest growing application area.
Geographically, the Asia Pacific region
held the highest share of the global market in 2022 on account of growing
retail sector and rising adoption of digital payments in countries like China,
India. However, North America will exhibit lucrative growth opportunities for
players over the next few years.
Major companies operating in Global Point of Sale
Terminal Market are:
- Ingenico Group SA
- Verifone Systems Inc
- PAX Technology Ltd
- NCR Corporation
- Diebold Nixdorf
- Fujitsu Ltd
- Posiflex Technology Inc
- HP Company.
- Bixolon Co., Ltd
- Citizen Systems Japan Co.,
Ltd
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“The global Point of Sale Terminal market has
witnessed significant growth in recent years, driven by increasing adoption
across multiple industries. Critical operations such as predictive maintenance,
performance monitoring, quality assurance, and regulatory compliance have
relied on Point of Sale Terminal solutions to generate accurate insights and
optimize workflows.
Point of Sale Terminal solutions provide real-time
operational data and analytics through customizable dashboards, enabling
companies to generate reports, automate routine tasks, and ensure adherence to
various compliance standards. This streamlines business processes and
strengthens governance and operational efficiency.
Leading organizations have partnered with major Point
of Sale Terminal providers to digitally transform infrastructure and modernize
decision-making with a focus on enhanced performance and productivity.
Integrated systems improve collaboration, provide visibility through management
portals, and facilitate strategic goals such as optimized resource allocation
and productivity improvements.
Point of Sale Terminal vendors continue advancing
capabilities in areas like machine learning, process automation, and
cybersecurity to develop secure, scalable, and interoperable solutions
addressing diverse industry needs.
Continued innovation and growing reliance on
data-driven insights indicate Point of Sale Terminal will remain critical for
maximizing operational effectiveness across sectors. Partnerships aligning with
emerging technologies are well-positioned to sustain momentum as businesses
undergo digital transformation initiatives. The long-term outlook for
analytics-powered decision making in the Point of Sale Terminal market remains
positive, supported by growing demand for advanced solutions that enhance
outcomes.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Point of
Sale Terminal Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented
By Product Type (Fixed POS Terminal, Mobile POS
Terminal, POS Display, POS Keyboard),
By
Component (Hardware, Software) By Application (Restaurants, Retail & Consumer Goods, Hospitality,
Warehouse & Distribution, Entertainment, Healthcare, Others) By
Region, By Competition”, has evaluated the future growth potential of Global
Point of Sale Terminal Market and provides statistics & information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Point of
Sale Terminal Market.
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