Press Release Description
Global Point of Sale (POS) Terminal Market to Surge at a CAGR of Around 8.64% During 2025-30
The Global Point of Sale (POS) Terminal Market size was valued at around USD113.38 billion in 2024 and is projected to reach USD186.41 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 8.64% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. The rise in the market is due to an increase in the demand for safe and secure payment methods, an increase in e-commerce platforms such as Amazon, Flipkart, etc., adoption of EMV cards, the digitalization of sectors like banks, hospitals, etc., increasing 5G internet penetration, growing investments in technology, and others. The increasing acceptance of Europay, MasterCard, and Visa Card (EMV) chip cards over the traditional magnetic strip cards, due to their being more secure and safe. As with the swipe or tap of the EMV, a unique code is generated to process the transaction, thus ensuring the safe transit of the money from the attack of hackers for ransom and monetary benefits.
The integration of AI, ML, and cloud-based POS terminals into the servers of end users such as Walmart, Starbucks, ID-Tech, etc., has enhanced their efficiency and management by optimizing their inventory. The advanced integrated POS terminal identifies the consumer’s behavior and offers insightful analysis, aiding in better decision-making.
The advancements in fintech, such as digital wallets, EMI options, etc., have surged lately to provide financing options to small-scale enterprises or startups. As a consequence, it promotes the growth of digital payment partners such as PayPal, Phone Pe, AliPay, etc., thus supporting the cross-border trade activities, further states the research report, “Global Point of Sale (POS) Terminal Market Analysis, 2025.”
Point of Sale (POS) Terminal MarketSegmentation Analysis
On-Premises is the Most Preferred Deployment Type
Based on the deployment, the market is further bifurcated into cloud and on-premises. On-premises holds the majority of the market share, around 63%. This is due to its compatibility with other vendor tools and services and minimum exposure to cyberattacks, etc. The on-premises POS terminal is cost-effective as it performs well with the existing hardware and software of the enterprise. This reduces the time and work of synchronization of the inventory, consumer relationship tools, etc. It also reduces the additional cost paid for the recovery from the cyberattack, as the implementation of measures such as firewalls, encryption, etc., into the local storage, prevents the data breach.
However, the initial setup cost of the on-premises POS terminal is costly, but its long-term operational cost is feasible. Thus, the cost-effectiveness and the prevention of cyberattacks have increased the deployment of on-premises POS terminals across the globe.
Asia-Pacific Spearheads the Point of Sale (POS) Terminal Industry Globally
Asia-Pacific dominates the point of sales terminal market globally with a market share of more than 41%, due to the large population, primarily Gen-Z and millennials, integration of advancements such as AI, ML, Cloud, IIoT, etc., increasing e-commerce services, the growing government investments and initiatives, etc.
The Asia-Pacific countries, including China, Japan, and India, are among the countries holding the top ranks for the highest digital payments. The number of transactions in India accounts for nearly 2.27 billion digital payments and about USD1.52 billion UPI transactions in 2024. Thus, for the facilitation of such a large number of transactions, a technologically advanced and stable POS terminal system is needed. The market growth in the region is further pushed by the support from the governments through policies, investments, and vision plans such as Digital India, and others, initiated with the motive to encourage cashless payments.
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Advantech Aures, HP Development Company, L.P., Ingenico, NCR Voyix, Oracle Corporation, POSaBIT Inc., Revel Systems, Square, Toast Inc., Toshiba Global Commerce Solutions, TouchBistro, Verifone, Xenial, Inc., Fujian Newland Payment Technology Co., Ltd., and Others, are looking forward to strengthening their market positions.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the region?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across various regions?
- How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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