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Retail POS Terminals Market Size

  • Report ID: GMI291
  • Published Date: Aug 2022
  • Report Format: PDF
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Retail POS Terminals Market Size

Retail POS Terminals Market size surpassed USD 22 billion in 2021 and is expected to expand at more than 12% CAGR between 2022 and 2030. Significant rise in the espousal of EMV cards along with subsequent rise in the number of EMV-enabled POS terminals is likely to boost the industry growth.

 

The rapid increase in the number of fraudulent activities has pushed the requirement to keep personal data and information safe from hackers and unethical sources, driving product demand. According to EMVCo estimations, the percentage of card-present EMV chip transactions globally rose from 88.55% in 2020 to 90.44% in 2021. EMV-enabled POS terminals support contact and contactless transactions, relieving merchants from the audit prerequisite for PCI compliance. In addition, the increasing internet penetration and rising digital literacy may provide opportunities for the market.

 

Retail POS Terminals Market Overview
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Retail Point Of Sale Terminals Market Report Attributes
Report Attribute Details
Base Year:2021
Retail Point Of Sale Terminals Market Size in 2021:22 billion (USD)
Forecast Period:2022 to 2030
Forecast Period 2022 to 2030 CAGR:12%
2030 Value Projection:60 billion (USD)
Historical Data for:2018 to 2021
No. of Pages:525
Tables, Charts & Figures:457
Segments covered:Product, Component, Application
Growth Drivers:
  • Penetration of EMV compliant POS terminals in the U.S.
  • Increasing penetration of mobile POS across several channels
  • Increase in NFC and contactless payments in Europe and Asia Pacific
  • Inclination towards online payments in Europe & North America
  • Infrastructure development in South America
Pitfalls & Challenges:
  • Data security concerns
  • Lack of reliable and advanced infrastructure
Learn more about the key segments shaping this market
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Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of retail POS terminal crossed USD 22 billion in 2021 and is anticipated to grow at over 12% CAGR from 2022 to 2030 driven by increased EMV card adoption and a rapid rise in the number of digital payments.

The fixed retail POS terminals segment held more than 65% of the market share in 2021 and may witness substantial growth by 2030 due to increasing deployments across traditional brick-and-mortar retail stores.

The hardware component captured around 46% of revenue share in 2021 and is set to witness prominent growth owing to increasing demand for energy-efficient devices and the growing requirement to update existing payment solutions.

The supermarkets/hypermarkets application of retail POS terminalis speculated to attain over 18% gains through 2030, propelled by rising emphasis on maintaining transparency in any transaction and ensuring faster checkouts.

The Asia Pacific held appreciable revenues in 2021 and is expected to observe more than 14% growth rate till 2030 because of the strong economic outlook, rapid growth in cashless transactions, and improving disposable incomes.

Retail Point Of Sale Terminals Market Scope

  • Retail Point Of Sale Terminals Market Size
  • Retail Point Of Sale Terminals Market Analysis
  • Retail Point Of Sale Terminals Market Share

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    • Base Year: 2021
    • Companies covered: 20
    • Tables & Figures: 457
    • Countries covered: 22
    • Pages: 525
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