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 solutions 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, empowering merchants to safeguard data and maintain regulatory compliance. Furthermore, modular POS systems provide customization and scalability options, enabling businesses to select and integrate features and peripherals according to their unique industry, size, and operational requirements. This tailored approach drives POS terminal adoption and market growth. 

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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
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America
    • Brazil

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 the use of Fixed and Mobile POS Terminals in downstream applications such as retail, hospitality, and transportation sectors. New entrants, including electronic appliance manufacturers and wireless device providers, are introducing innovative Branded POS Solutions for sales tracking, inventory management, online transactions, and payment technologies in areas like rental cabs. Mobile-based POS Terminals offer inventory tracking capabilities, expanding their adoption beyond traditional brick-and-mortar businesses.

Market Research Overview

The POS (Point of Sale) terminals market is a segment of Technavio's global technology hardware, storage, and peripherals market, which encompasses manufacturers of various hardware devices, equipment, and components. This market includes fixed POS terminals and mobile POS solutions, utilized extensively in retail stores and gas stations for card payments processing. New entrants, such as brand-name companies, are continuously expanding the market landscape. The global technology hardware, storage, and peripherals market's growth is driven by the increasing 4Vs (volume, velocity, veracity, and variety) of data, particularly in the context of the rising number of data centers. This trend is expected to significantly impact the POS terminals market, as businesses increasingly prioritize efficient data management and secure payment processing solutions.. 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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Email: media@technavio.com
Website: www.technavio.com/