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POS Terminals Market Size

  • Report ID: GMI390
  • Published Date: Apr 2023
  • Report Format: PDF
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POS Terminals Market Size

POS Terminals Market size surpassed USD 70 billion in 2022 and will grow at over 9% CAGR from 2023 to 2032 driven by advancements in payment technologies and a positive inclination toward EMVs.

 

POS Terminals Market

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The industry growth is fueled by increasing awareness regarding POS terminals among several industries. The expanding hospitality sector in APAC nations, including China, Singapore, Australia, Japan, and Singapore, is benefitting the market scenario. In addition, changing consumer preferences and increasing levels of disposable income are propelling the hotel industry.
 

POS Terminals Market Report Attributes
Report Attribute Details
Base Year:2022
POS Terminals Market Size in 2022:USD 70 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:10%
2032 Value Projection:USD 190 Billion
Historical Data for:2018 to 2022
No. of Pages:350
Tables, Charts & Figures:728
Segments covered:Product, Component, OS, Technology, Application, and Region
Growth Drivers:
  • Advancements in payment technologies and move towards EMV in North America
  • Increasing demand for contactless and cashless payments in Europe
  • Increase in NFC and contactless payments in Europe and Asia Pacific
  • High demand for POS terminals from several industry verticals in Asia Pacific
  • Inclination towards online payments in Europe & North America
  • Increasing demand for mobile POS terminals in South America
  • Expanding retail sector and adoption of advanced payment technologies in MEA
Pitfalls & Challenges:
  • Lack of robust and reliable infrastructures in the remote regions
  • Data security concerns
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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Global Market size for POS terminals registered a valuation of more than USD 70 billion in 2022 and is primed to progress at over 9% CAGR between 2023 and 2032 propelled by advancements in payment technologies and a positive inclination toward EMVs.

The fixed segment is poised to expand at more than 5% CAGR over 2023-2032 as these devices ensure an integrated system that enables easy payment acceptance, touchscreen displays for enhanced viewing of data, and other features.

The Windows OS segment is anticipated to be worth more than USD 150 billion by 2032 owing to its burgeoning popularity among small businesses across different industry verticals.

North American market for POS terminals is slated to garner over USD 40 billion in revenue by 2032 as a result of the significant growth of retail outlets, casinos, and restaurants, as well as the booming tourism sector, especially in the U.S. and Canada.

POS Terminals Market Scope

  • POS Terminals Market Size
  • POS Terminals Market Analysis
  • POS Terminals Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 20
    • Tables & Figures: 728
    • Countries covered: 22
    • Pages: 350
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