The global demand for Point-of-Sale Terminal Market is presumed to reach the market size of nearly USD 379.85 BN by 2030 from USD 186.49 BN in 2022 with a CAGR of 9.3% under the study period 2023 - 2030.
A Point-of-Sale (POS) terminal is a hardware and software system used by retailers and businesses to process customer transactions. It is a device that allows customers to make payments for products or services they have purchased using various methods such as credit or debit cards, cash, and mobile payments. A typical POS terminal consists of a computer, a monitor or touchscreen display, a barcode scanner, along with a cash drawer, a receipt printer, and a card reader. The software used in the terminal enables the retailer to manage inventory, process payments, and track sales data. POS terminals are widely used in retail stores, restaurants, hotels, and other businesses where transactions take place. They are essential tools for businesses as they help improve the speed and accuracy of transactions, reduce errors, and provide valuable data to help businesses make informed decisions.
With the rise of digital payments, more consumers are looking for convenient and secure ways to make transactions. POS terminals allow businesses to accept a variety of payment options which include credit and debit cards, mobile payments, and e-wallets. Cloud-based POS solutions offer several benefits, such as remote access to data and analytics, automatic updates, and lower upfront costs. As a result, more businesses are adopting cloud-based POS systems, which is driving the growth of the POS terminal market. Mobile POS solutions allow businesses to process transactions using smartphones and tablets, which is convenient for small businesses and those that operate in remote locations. These solutions are also becoming more popular in the hospitality industry, where waitstaff can take orders and process payments tableside. POS terminals can collect valuable data on sales, inventory, and customer behavior, which businesses can use to improve their operations and make data-driven decisions. This demand for data analytics is driving the growth of the POS terminal market. Many governments around the world are promoting cashless transactions as a way to reduce the use of cash and improve transparency. This is driving the adoption of POS terminals in retail, hospitality, and healthcare sectors.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of point-of-sale terminal. The growth and trends of point-of-sale terminal industry provide a holistic approach to this study.
This section of the point-of-sale terminal market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Component
By Deployment
By End-Use
This section covers the regional, which accentuates current and future demand for the Point-of-Sale Terminal market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the point-of-sale terminal market include Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Qu, Inc., Quail Digital, Revel Systems, Toast, Inc., Toshiba Corp., TouchBistro, Xenial Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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