Point-of-Sale Terminals Market to be Worth $181.47 Billion by 2030: Million Insights

FELTON, Calif., Dec. 7, 2022 /PRNewswire/ -- The global point-of-sale (POS) terminal market size was worth USD 85.16 million in 2021, which is anticipated to value at USD 181.4 billion at a 8.5% CAGR by 2030. The demand for POS terminals is expected to increase during the forecast period because of the rapid adoption of contactless and cashless payments due to the COVID-19 impact. As a result, there is an increase in the adoption of mobile POS (mPOS) by several industries to improve return on investment (ROI) and support contactless payment modes.

Key Industry Insights & Findings from the report:

• Based on the product insights, fixed POS accounted for a 50.0% revenue share globally in 2021. The dominance can be attributed to the preference for fixed POS terminals by vendors for installation costs and procurement.

• The cloud segment is anticipated to expand at a CAGR of 10.0% in the forecast period owing to an increase in the adoption of SaaS technology to assist consumers with minimum expenditure in terms of a monthly subscription.

• Based on component insights, the hardware segment accounted for a revenue share of 60.0% in 2021 and is expected to reveal a 6.0% CAGR in the forecast period. Extensive use of hardware devices for registering payment details is driving the segment growth.

• Based on end-use insights, the retail segment upheld a 28.0% share in the market in 2021 owing to POS system integration through merchandising, marketing, customer relationship management (CRM), and inventory.

• In 2021, North America was the second-largest region which is expected to reveal a 5.0% growth during the forecast period due to the presence of the latest payment technologies in retail outlets along with the government's initiative to support cashless payment.

Read 256 page full market research report for more Insights, "Point-of-Sale Terminals Market Size, Share & Trends Analysis Report By Product, By Component, By Deployment, By End Use And Segment Forecasts From 2022 To 2030", published by Million Insights.

Point-of-Sale Terminal Market Growth & Trends

The implementation of wireless technologies initiates an efficient payment process for products and services in terms of restaurants and rental cars. The hospitality and retail sectors conduct operational tasks such as tracking and monitoring sales, inventory, and accounting with the use of POS terminals. It also enables the food service and bar businesses to maintain sustainable operations, sales, and production processes.

The purpose to create a modern drive-thru process is essential to develop an effective delivery process and order placement facility, which is likely to boost the POS terminal market during the forecast period. This service has been increasingly adopted by restaurants across the world with the benefit to ensure payments even during business peak hours. As a result, ongoing technical modifications and improvements for operational activities and customer experience are contributing to the market growth.

Point-of-Sale Terminal Market Segmentation

Million Insights has segmented the global point-of-sale terminal market on the basis of product, component, deployment, end-use, and region:

Point-of-Sale Terminal Market - Product Outlook (Revenue, USD Million, 2018 - 2030)

• Fixed
• Kiosks
• Others
• Mobile
• Tablet
• Others

Point-of-Sale Terminal Market - Component Outlook (Revenue, USD Million, 2018 - 2030)

• Hardware
• Software
• Services

Point-of-Sale Terminal Market - Deployment Outlook (Revenue, USD Million, 2018 - 2030)

• Cloud
• On-premise

Point-of-Sale Terminal Market - End-Use Outlook (Revenue, USD Million, 2018 - 2030)

• Restaurants
• FSR
• Fine Dine
• Casual Dine
• QSR
• Drive-Thru
• Others
• Institutional
• Fast Casual
• Drive-Thru
• Others
• Others
• Retail
• Supermarkets/Hypermarkets
• Convenience Stores
• Grocery Stores
• Specialty Stores
• Gas Stations
• Others
• Hospitality
• o Spas
• o Hotels
• o Resorts
• Healthcare
• o Pharmacies
• o Others
• Warehouse
• Entertainment
• o Cruise Lines/Ships
• o Cinemas
• o Casinos
• o Golf Clubs
• o Stadiums
• o Amusement Parks
• o Others

Point-of-Sale Terminal Market - Region Outlook (Revenue, USD Million, 2018 - 2030)

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa (MEA)

List of Key Players of Point-of-Sale (POS) Terminal Market

• Acrelec
• AURES Group
• Elo Touch Solutions
• HM Electronics, Inc.
• Hewlett-Packard Development Company, L.P.
• NCR Corporation
• Oracle Corporation
• Presto
• Qu Inc.
• Quail Digital
• Revel Systems
• Toast, Inc.
• Toshiba Corporation
• TouchBistro Inc.
• Xenial, Inc.

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