Point of Sale (POS) Terminal Market Continue to Grow at an Impressive CAGR of 11.5% | Forecast and Market Research Report 2020-2028

The report is titled’ ‘POS Terminal Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the POS terminal market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The POS terminal market is expected to grow at a significant rate in the near future.

The POS terminal market size was valued at US$ 58.6 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 11.5% from 2020 to 2028.

POS Terminal Market Dynamics

The growth factors supporting the POS terminal market shares accounting for the acceptance of EMV cards and NFC/contactless payments across the globe. Besides, the growing graph of online payments in an upward direction, production of RFID tags, and advancements in POS terminal machines are also expected to augment business growth during the forecast years. For instance, in February 2021, a total count of 5,814,854 POS transactions was registered by the Reserve Bank of India.

In addition, the infrastructure development coupled with the upsurge in mobile POS terminals in underdeveloped or developing regions is another milestone supporting the growth of the market in the next decade. Furthermore, the flourishing retail industries vertical across the globe is also expected to cater to the demand for POS terminals.

On the other hand, the data security issues and privacy concerns related to these devices may pull back the business growth in a negative direction. Based on geographies, the Asia Pacific region is calculated to be the fastest-growing segment, owing to the rising government initiatives to support a cashless economy, which in turn boosts the demand for POS terminals in these regions.

To view Top Players, Segmentation and other Statistics of POS Terminal Industry, Request a Sample Copy of this Report: https://reportsandinsights.com/sample-request/1298

POS Terminal Market Segmentation

The global POS Terminal market is segmented based on product, component, deployment, application, and region. On the basis of product, the POS terminal market is segmented into fixed and mobile. Based on components, the market is fragmented into hardware, software, and services. The deployment segment is divided into cloud and on-premise. Lastly, based on application, the market is divided into restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others.

By Product



By Component




By Deployment



By Application








By Region

North America

Latin America



Asia Pacific

Middle East

POS Terminal Market Key Players

The global POS Terminal market is dominated by Cisco Systems, Inc., Centerm Information Co., Ltd., Diebold Nixdorf, Incorporated, Hewlett-Packard Inc., Hisense, Ingenico, NCR Corporation, NEC Corporation, Newland Payment Technology, Oracle Corporation, Panasonic Corporation, PAX Technology Corp., Posiflex Technology, Inc., Samsung Electronics Co., Ltd., SZZT Electronics Co., Ltd., Toshiba Corporation, and VeriFone Systems Inc.

Purchase a copy of POS Terminal Market Research Report @ https://reportsandinsights.com/sample-request/1298

About Reports and Insights:

Reports and Insights is one of the leading market research company which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

Contact Us:

Neil Jonathan

1820 Avenue M, Brooklyn

NY 11230, United States

+1-(718) 312-8686

Find Us on Linkedin: www.linkedin.com/company/report-and-insights/

Leave a comment

Your email address will not be published. Required fields are marked *