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Point of Sale (PoS) Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Point of Sale (PoS) Market
1) Introduction
A point of sale (PoS) system is a combination of hardware and software that enables retailers to take customer orders and process payments. A typical PoS system includes a computer, a monitor, a cash drawer, a receipt printer, a barcode scanner, and a credit card reader.

PoS systems are used by businesses of all sizes, from small mom-and-pop shops to large multinational retailers. They can be used to process transactions in brick-and-mortar stores, e-commerce sites, and mobile businesses.

PoS systems can offer a number of benefits to businesses, including:

Increased efficiency: A PoS system can help streamline the order-taking and payment-processing process, making it faster and easier for both employees and customers.

Improved accuracy: PoS systems can help reduce errors by automatically tracking inventory levels and providing employees with real-time data on pricing and product availability.

Greater insight: A PoS system can generate valuable data that can be used to track customer behavior, assess business performance, and make informed decisions about marketing, pricing, and inventory.

enhanced customer service: PoS systems can help businesses offer a more personalized shopping experience by allowing employees to quickly access customer information and purchase history.

Increased security: PoS systems can help businesses protect themselves against fraud and theft by tracking transactions and flagging suspicious activity.

There are a few key considerations to keep in mind when choosing a PoS system, including:

Cost: The cost of a PoS system can vary depending on the features and functionality you need. Be sure to compare prices from a few different vendors before making a purchase.

Compatibility: Make sure the PoS system you choose is compatible with the rest of your business’s technology, including your POS software, payment processor, and inventory management system.

Training and support: Training your employees on how to use a new PoS system can be time-consuming and expensive. Be sure to choose a system that comes with comprehensive training and support resources.

2) Market Size and Forecast
The global Point of Sale (PoS) market size is expected to reach USD xx billion by 2025, according to a new report by Grand View Research, Inc. The market is anticipated to register a CAGR of xx% during the forecast period. The increasing demand for PoS systems from the retail industry is expected to drive the market growth over the forecast period.

The retail industry is one of the major end-users of PoS systems. The industry is witnessing a rapid growth due to the increasing consumer spending. The globalization and urbanization are the other factors that are expected to drive the retail industry growth. The growth of the retail industry is expected to fuel the demand for PoS systems over the forecast period.

The hospitality industry is another major end-user of PoS systems. The industry is witnessing a rapid growth due to the increasing tourism activities. The growth of the hospitality industry is expected to fuel the demand for PoS systems over the forecast period.

The healthcare industry is another major end-user of PoS systems. The industry is witnessing a rapid growth due the aging population and the increasing health awareness. The growth of the healthcare industry is expected to fuel the demand for PoS systems over the forecast period.

The North America region is expected to dominate the global PoS market due to the early adoption of technology and the presence of major market players in the region. The Asia Pacific region is expected to witness the highest growth over the forecast period due to the increasing economic development and the growing tourism industry in the region.

The major market players include Ingenico Group, Verifone Systems, Inc., PAX Technology, Inc., Newland Payment Technology Co., Ltd., and First Data Corporation.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. This report provides comprehensive analysis of

1. Key market segments and sub-segments

2. Evolving market trends and dynamics

3. Changing supply and demand scenarios

4. Quantifying market opportunities through market sizing and market forecasting

5. Tracking current trends/opportunities/challenges

6. Competitive insights

7. Opportunity mapping in

3) Market Drivers
A point of sale (PoS) is a place where transactions occur between a customer and a merchant. A PoS can either be physical or electronic. Physical PoS terminals are often found in brick-and-mortar stores, while electronic PoS terminals are commonly used in e-commerce transactions.

There are three main drivers of the PoS market: technological advances, the need for faster transactions, and the desire for more personalized customer service.

Technological advances have led to the development of more sophisticated and user-friendly PoS systems. The latest PoS terminals are equipped with features such as touch screens, barcode scanners, and wireless connectivity. These features make it easier for customers to make purchases and for merchants to process transactions.

The need for faster transactions is another driver of the PoS market. In today’s fast-paced world, customers want to be able to make purchases quickly and easily. The latest PoS terminals are designed to speed up transactions, which makes them more appealing to both customers and merchants.

The desire for more personalized customer service is also a driver of the PoS market. Customers want to be able to interact with merchants on a more personal level. The latest PoS terminals are equipped with features that allow customers to make payments using their mobile phones or other devices. This gives customers more control over their shopping experience and allows them to make purchases in a more convenient way.

4) Market Challenges
The retail industry is constantly evolving and as a result, so is the Point of Sale (PoS) market. In order to stay ahead of the curve, it’s important to be aware of the challenges that the PoS market is currently facing. Here are 4 of the biggest challenges that the PoS market is currently facing:

1. Lack of Standardization

One of the biggest challenges facing the PoS market is the lack of standardization. There are a variety of different PoS systems on the market, each with their own unique features and capabilities. This can make it difficult for retailers to choose the right system for their needs and it can also make it difficult to integrate multiple systems together.

2. High Costs

Another challenge facing the PoS market is the high cost of these systems. PoS systems can be very expensive to purchase and maintain, and this can be a deterrent for some retailers.

3. Security Concerns

As PoS systems become more sophisticated, there are also increasing security concerns. These systems store sensitive customer data and if they are not properly secured, this data could be compromised.

4. Technical Difficulties

Another challenge that retailers face with PoS systems is the technical difficulties that can arise. These systems are often complex and can be difficult to troubleshoot if problems arise.

5) Market Opportunities
The global market for Point of Sale (PoS) systems is forecast to reach USD 104.3 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.1% over the forecast period. The increasing demand for cloud-based solutions and services is expected to fuel the growth of the market.

The rising adoption of mobile PoS systems is another factor driving the market growth. Mobile PoS systems offer several benefits, such as portability, flexibility, and cost-effectiveness. They are widely used in retail and hospitality sectors.

The Asia Pacific region is expected to be the fastest-growing market for PoS systems, with a CAGR of 8.2% over the forecast period. The region is home to a large number of small and medium enterprises (SMEs), which are the major users of PoS systems.

The major players in the PoS market are Ingenico Group, Verifone Systems, Inc., Panasonic Corporation, NCR Corporation, Toshiba TEC Corporation, and Fujitsu Limited.

Some of the key market opportunities in the PoS market are:

1. The increasing adoption of cloud-based PoS solutions and services.

2. The rising popularity of mobile PoS systems.

3. The growing number of SMEs in the Asia Pacific region.

4. The increasing use of PoS systems in the retail and hospitality sectors.

5. The increasing trend of cashless transactions.

6) Competitive Landscape
The point of sale (PoS) is the place where a customer completes a transaction with a merchant. A PoS terminal generally includes a computer, monitor, cash drawer, receipt printer, and barcode scanner. The global PoS terminal market was valued at USD XX billion in 2018 and is expected to reach a value of USD XX billion by 2026, at a CAGR of XX% during the forecast period (2019-2026).

The competitive landscape of the global PoS terminal market is highly fragmented with the presence of a large number of players. Some of the key players operating in the market are VeriFone, Inc., Ingenico Group, Newland Payment, PAX Technology, Inc., First Data Corporation, and NCR Corporation. These players are engaged in various activities such as product launches, product enhancements, mergers & acquisitions, and partnerships & collaborations to gain a competitive edge in the market.

For instance, in September 2018, VeriFone launched its new V200c countertop device, which is an EMV-enabled, NFC-ready payment terminal. This product launch helped the company to enhance its product portfolio and expand its customer base. Similarly, in December 2017, PAX Technology, Inc. launched its new A920 terminal, which is the world’s first Android-based all-in-one POS solution. This product launch helped the company to increase its market share.

The global PoS terminal market is expected to witness a significant growth during the forecast period, owing to the increasing adoption of PoS terminals by small and medium enterprises (SMEs). The growing number of SMEs across the globe is one of the major factors driving the growth of the PoS terminal market. In addition, the increasing penetration of smartphones and the growing popularity of mobile payments are some of the other factors expected to fuel the growth of the PoS terminal market during the forecast period.

7) Company Profiles
The global point of sale (PoS) market is expected to grow at a compound annual growth rate (CAGR) of 7.1% from 2019 to 2025, according to a report by MarketsandMarkets. The report states that the PoS market is expected to reach $171.21 billion by 2025 from $117.51 billion in 2019. The increase in demand for PoS terminals, the growth of the retail industry, the need for real-time data tracking, and the need for better customer experience are some of the factors driving the growth of the PoS market.

Some of the key players in the PoS market include Ingenico (France), Verifone (US), Pax (China), Newland Payment (China), First Data Corporation (US), Equinox Payments (US), NEC Corporation (Japan), Samsung Electronics (South Korea), and SAP (Germany).

Ingenico is a leading player in the PoS market. The company provides a wide range of PoS terminals and related services. It offers a wide range of products, including countertop terminals, mobile terminals, and integrated solutions. The company has a strong presence in Europe and North America and is expanding its presence in Asia-Pacific and Latin America.

Verifone is another leading player in the PoS market. The company provides a wide range of PoS terminals and related services. It offers a wide range of products, including countertop terminals, mobile terminals, and integrated solutions. The company has a strong presence in Europe, North America, Asia-Pacific, and Latin America and is expanding its presence in the Middle East and Africa.

Pax is a leading player in the PoS market in China. The company provides a wide range of PoS terminals and related services. It offers a wide range of products, including countertop terminals, mobile terminals, and integrated solutions. The company has a strong presence in China and is expanding its presence in other Asia-Pacific countries.

Newland Payment is a leading player in the PoS market in China. The company provides a wide range of PoS terminals and related services. It offers a wide range of products, including countertop terminals

8) Conclusion
Today, the Point of Sale (PoS) market is worth an estimated $30.81 billion. This figure is expected to grow to $42.31 billion by 2025, at a CAGR of 5.1%. The PoS market is expected to be driven by the increasing demand for mobile PoS solutions, the need for better customer experience, and the need for faster and more secure transactions.

There are a number of players in the PoS market, including Square, Inc., Verifone Systems, Inc., Ingenico Group, and First Data Corporation. Square is a leading player in the mobile PoS market, with its Square Reader and Square Stand. Verifone is a leading player in the traditional PoS market, with its Verifone Carbon product line. Ingenico is a leading player in the integrated PoS market, with its Ingenico iPP series. First Data is a leading player in the cloud-based PoS market, with its Clover product line.

The PoS market is expected to be driven by the increasing demand for mobile PoS solutions. The mobile PoS market is expected to grow at a CAGR of 20.4% from 2020 to 2025. This is due to the increasing adoption of smartphones and tablets, the need for on-the-go transactions, and the increasing number of small and medium businesses.

The PoS market is also expected to be driven by the need for better customer experience. The need for faster transactions and the need for more personalized service are the two main drivers of this trend.

The PoS market is also expected to be driven by the need for faster and more secure transactions. The increasing adoption of EMV and NFC technology is expected to drive the growth of the market.

List of Key Companies Profiled:

    • NCR Corporation (U.S.)
    • Toast, Inc. (U.S.)
    • Oracle Corporation (U.S.)
    • HP Development Company, L.P. (U.S.)
    • Ingenico Group (Worldline) (France)
    • PAX Global Technology Limited (China)
    • Lightspeed (U.S.)
    • Block, Inc. (U.S.)
    • Nomia LLC (Russia)
    • Fujitsu Frontech Limited (Japan)

REPORT SCOPE & SEGMENTATION

 

DETAILS

 

 

Study Period

 

 

2018-2029

 

 

Base Year

 

 

2021

 

 

Estimated Year

 

 

2022

 

 

Forecast Period

 

 

2022-2029

 

 

Historical Period

 

 

2018-2020

 

 

Unit

 

 

Value (USD billion)

 

 

Segmentation

 

 

By Type, Component, Deployment, End-user, and Region

 

 

By Type

 

 

    • Fixed PoS
    • Mobile PoS
 

By Component

 

 

    • Hardware
    • Software
    • Services

 

 

By Deployment

 

 

    • On-premise
    • Cloud-based

 

 

By End-user

 

 

    • Restaurants
    • Retail
    • Entertainment
    • Others (Gas Stations, Transportation)

 

 

 

By Region

 

 

    • North America
        • U.S. (By End-user)

       

        • Canada (By End-user)

       

        • Mexico (By End-user)

       

    • South America
        • Brazil (By End-user)

       

        • Argentina (By End-user)

       

        • Rest of South America

       

    • Europe
        • U.K. (By End-user)

       

        • Germany (By End-user)

       

        • France (By End-user)

       

        • Italy (By End-user)

       

        • Spain (By End-user)

       

        • Russia (By End-user)

       

        • Benelux (By End-user)

       

        • Nordics (By End-user)

       

        • Rest of Europe

       

    • Middle East & Africa
        • Turkey (By End-user)

       

        • Israel (By End-user)

       

        • GCC (By End-user)

       

        • South Africa (By End-user)

       

        • North Africa (By End-user)

       

        • Rest of Middle East & Africa

       

    • Asia Pacific
      • China (By End-user)
      • Japan (By End-user)
      • India (By End-user)
      • South Korea (By End-user)
      • ASEAN (By End-user)
      • Oceania (By End-user)
      • Rest of Asia Pacific

 

 

 

By Type

 

 

    • Fixed PoS
    • Mobile PoS
 

By Component

 

 

    • Hardware
    • Software
    • Services

 

 

By Deployment

 

 

    • On-premise
    • Cloud-based

 

 

By End-user

 

 

    • Restaurants
    • Retail
    • Entertainment
    • Others (Gas Stations, Transportation)

 

 

    • NCR Corporation (U.S.)
    • Toast, Inc. (U.S.)
    • Oracle Corporation (U.S.)
    • HP Development Company, L.P. (U.S.)
    • Ingenico Group (Worldline) (France)
    • PAX Global Technology Limited (China)
    • Lightspeed (U.S.)
    • Block, Inc. (U.S.)
    • Nomia LLC (Russia)
    • Fujitsu Frontech Limited (Japan)

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