Expert Market Research Explores the Top 5 Companies in the Global POS Machine Market

The global POS machines market is expected to grow at a CAGR of 11.8% in the forecast period of 2024-2032.

POS machine is the most advanced payment accepting machine currently. It has a debit card and credit card reader for accepting payments, and a printer to provide receipts of these payments. the GPS/GPRS POS machine terminals segment is expected to witness a robust growth rate over the forecast period owing to the growing acceptance of technology and the rapid digitalisation across the globe. Asia Pacific is set to witness the highest growth rate in the market because of the growth of digitisation in these countries.

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Top 5 Key Players in the Global POS Machine Market

Ingenico Group

Ingenico is a global leader in the fintech market. The company has over 8000 people working across 78 different countries. It provides smart POS, including Android POS, multilane terminals, card readers, and payment terminals. It also provides business and security services for the same. The company also provides various software and APIs for making the use of these POS devices easier. Ingenico has generated over USD 8 billion and has recently merged with Worldline in 2020.

PAX Technology Limited

PAX is an innovative global provider of electronic payment solutions. PAX has delivered over 57 million terminals across more than 120 countries. It provides various types of POS, such as Android SmartPOS, Classic Linux POS, MiniPOS. The company also provides technical support for the POS machines. PAX technology generated over USD 727 million as revenue as of 2020.

Aures Group

Aures is an IT manufacturer of hardware and digital application solutions for all sectors of the POS and Retail industry. The company has 4 commercial subsidiaries across the world, including the United Kingdom, Germany, United States, and Australia. AURES POS solutions consist in PC-based hardware and open-system equipment which provide management functions to any point of sale and point of service. The company generated USD 87.2 million as of 2020. 

Castles Technology Co., Ltd

Castles is a leading global provider of state-of-the-art payment solutions for financial, retail, hospitality, and transportation sectors. The company provides various POS machines such as the Android POS, Mobile POS, EFT POS. The company has regional offices in North America, Spain, Italy, Japan, China and Singapore to support the global markets and cater the needs of its customers.

Cybernet Manufacturing, Inc.

Cybernet is a pioneer in high-performance, all-in-one computing technology. The company released the first all-in-one PC designed for POS applications in 2012, called iPOS-G45. Its all-in-one business PCs have a less than 2% fail rate. The company also provides free United States-based, lifetime phone support. Cybernet Manufacturing shipped 119,894 units to its customers in 2020.

Also Read: https://www.expertmarketresearch.com/pressrelease/global-pos-machines-market