Latest News- POS Terminals Market: Retail is expected to lead the End-user segment during 2025-2029

The POS Terminals Market is being driven by Growth in end-user demand for POS terminals

The POS Terminals Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 58.9 billion. In today's business landscape, data security and regulatory compliance are paramount for Point of Sale (POS) terminals. New POS terminal models adhere to stringent security standards such as PCI-DSS and EMV, ensuring the protection of sensitive payment information. Advanced encryption, tokenization, and authentication mechanisms are integrated into these terminals, enabling merchants to safeguard data and maintain compliance. Furthermore, modular POS systems offer customization and scalability options, allowing businesses to tailor solutions according to their unique industry, business size, and operational requirements. This flexibility drives market growth and adoption of advanced POS terminal solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Retail
  • Hospitality
  • Healthcare
  • Entertainment
  • Others
• Component
  • Hardware
  • Software
  • Services
• Product
  • Fixed
  • Mobile
• Operating System
  • Windows/Linux
  • Android
  • iOS
• Deployment
  • On-premise
  • Cloud-based
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
    • Egypt
  • South America
    • Brazil
    • Argentina

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growth in end-user demand for POS terminals
• Increase in demand for contactless payments
• Rise in need for self-service POS terminals

However, the market also witnesses some limitations, which are as follows:

• High operational and maintenance costs of POS terminals
• Security concerns related to the use of POS terminals
• Stringent regulations and standards for POS

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Market Scope in POS Terminals Market Research Report

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Research Analysis Overview

The POS Terminals Market encompasses solutions that prioritize payment security, ensuring safe transactions. Transaction speed is crucial for customer satisfaction, while hardware reliability guarantees uninterrupted use. Software scalability caters to growing businesses, enhancing the customer experience. Data integrity, system uptime, and error handling ensure smooth operations. Technical support, sales transaction data, and integrated payment solutions streamline retail management. Payment terminal features, customer engagement tools, and payment gateway selection offer flexibility. Device management, pos system upgrades, and system architecture optimize network infrastructure. Transaction volume, data backup, and data recovery ensure business continuity. Business intelligence, retail analytics, sales reporting, electronic payment types, and cash management enhance operational efficiency.

Market Research Overview

The POS terminals market is a segment of Technavio's global technology hardware, storage, and peripherals market, which encompasses manufacturers of various technology hardware, including payment processing solutions. This market is characterized by advancements in payment processing technology, such as transaction authorization, card reader technology, and NFC contactless payments. The global technology hardware, storage, and peripherals market's growth is driven by the increasing volume, velocity, veracity, and variety (4Vs) of data, leading to a heightened demand for data storage solutions and the expansion of data centers. This trend is particularly significant for the POS terminals market, as it facilitates seamless and secure financial transactions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/