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Global POS Machines Market to Grow at a CAGR of 11.8% During 2021-2026, Aided by the Growing Penetration of IoT and the Advancements in the Payments Industry

POS Machines Market

Global POS Machines Market Share, Size, Price, Report: By Terminal Type: Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals, POS GPS/GPRS; By Industry: Retail and Consumer Goods, Travel and Hospitality, BFSI, Media and Entertainment, Manufacturing, Healthcare, Others; Regional Analysis; Competitive Landscape; 2023-2028

Global POS Machines Market Outlook

The global POS machines market is expected to grow at a CAGR of 11.8% in the forecast period of 2023-2028.

 

Global POS Machines Market

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Growing Demand for Mobile POS Machine Terminals to Bolster the Growth of the POS Machines Industry

Based on terminal type, the mobile POS machine terminals segment is expected to lead the global market for POS machines in the forecast period owing to the rising demand for convenient services and real-time analytics features. Mobile POS machine terminals provide enhanced portability over fixed POS machine terminals, and, thus, are witnessing increased adoption. Meanwhile, 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.

 

The Asia Pacific to Provide Significant Growth Opportunities for the Expansion of the POS Machines Industry

Region-wise, the Asia Pacific is expected to witness the highest growth rate over the forecast period owing to the growing digitisation in emerging nations like India and China. This is leading to an increased internet penetration in the region and a rise in demand for smartphones, which is favouring the growth of the digital payments industry. The availability of affordable smartphones and the presence of a large population in the region are significantly aiding the regional industry growth.

 

POS Machines: Market Segmentation

POS machine refers to a point of sales machine, which is currently the most advanced payment accepting machine. It includes a debit and credit card reader for accepting payments and provides a receipt of the transactions, maintaining sales history for accountability. These machines can also be linked to a savings account of the user, which proves to be very beneficial for small business owners and retailers.

 

Global POS Machines Market Terminal Type

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Based on terminal type, the market is divided into:

  • Fixed POS Terminals
  • Mobile POS Terminals
  • Pocket POS Terminals
  • POS GPS/GPRS

By industry, the market can be segmented into:

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global POS Machines Market By Region

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Growing Penetration of IoT and the Advancements in the Payments Industry to Boost the Demand for POS Machines

The growth of the payments industry and the increasing IoT penetration are the major factors driving the growth of the POS machines industry globally. The market is being supported by the increasing adoption of POS machines across various industries, particularly the retail and consumer goods segment. In developing nations, the favourable government initiatives and the growing focus on digitisation are providing enhanced growth opportunities to the market.

Over the forecast period, the rapid technological advancements are expected to have a positive effect on the expansion of the market. However, the adoption of mobile devices for POS transactions is expected to be a major trend in the coming years.

 

Key Industry Players in the Global POS Machines Market

The report gives a detailed analysis of the following key players in the global POS machines market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Ingenico Group
  • PAX Technology Limited
  • Aures Group
  • Castles Technology Co., Ltd
  • Cybernet Manufacturing, Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Terminal Type, Industry, Region
Breakup by Terminal Type Fixed POS Terminals, Mobile POS Terminals, Pocket POS Terminals, POS GPS/GPRS
Breakup by Industry Retail and Consumer Goods, Travel and Hospitality, BFSI, Media and Entertainment, Manufacturing, Healthcare, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Ingenico Group, PAX Technology Limited, Aures Group, Castles Technology Co., Ltd, Cybernet Manufacturing, Inc., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global POS Machines Market Analysis
    8.1    Key Industry Highlights
    8.2    Global POS Machines Historical Market (2018-2022) 
    8.3    Global POS Machines Market Forecast (2023-2028)
    8.4    Global POS Machines Market by Terminal Type
        8.4.1    Fixed POS Terminals
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Mobile POS Terminals
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Pocket POS Terminals
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    POS GPS/GPRS
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
    8.5    Global POS Machines Market by Industry
        8.5.1    Retail and Consumer Goods
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Travel and Hospitality
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    BFSI
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Media and Entertainment
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Manufacturing
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Healthcare
            8.5.6.1    Historical Trend (2018-2022)
            8.5.6.2    Forecast Trend (2023-2028)
        8.5.7    Others
    8.6    Global POS Machines Market by Region       
        8.6.1    North America
            8.6.1.1    Historical Trend (2018-2022) 
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Historical Trend (2018-2022) 
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Historical Trend (2018-2022) 
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Historical Trend (2018-2022) 
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Historical Trend (2018-2022) 
            8.6.5.2    Forecast Trend (2023-2028) 
9    North America POS Machines Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe POS Machines Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific POS Machines Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America POS Machines Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa POS Machines Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Ingenico Group
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    PAX Technology Limited
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Aures Group
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Castles Technology Co., Ltd
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5   Cybernet Manufacturing, Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global POS Machines Market: Key Industry Highlights, 2018 and 2028
2.    Global POS Machines Historical Market: Breakup by Terminal Type (USD Billion), 2018-2022
3.    Global POS Machines Market Forecast: Breakup by Terminal Type (USD Billion), 2023-2028
4.    Global POS Machines Historical Market: Breakup by Industry (USD Billion), 2018-2022
5.    Global POS Machines Market Forecast: Breakup by Industry (USD Billion), 2023-2028
6.    Global POS Machines Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global POS Machines Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America POS Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America POS Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe POS Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe POS Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific POS Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific POS Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America POS Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America POS Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa POS Machines Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa POS Machines Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Global POS Machines Market Structure

Key Questions Answered in the Report

What is the growth rate of the global POS machines market?

The market is projected to grow at a CAGR of 11.8% between 2023 and 2028.

What are the major market drivers?

The major market drivers include the increasing penetration of the Internet of things (IoT), the rising smartphone ownership, and the growing adoption of POS machines in the retail and consumer goods sector. 

What are the key trends of the market?

The key trends guiding the market growth are technological advancements and innovations and the growing preference for mobile devices for POS transactions. 

What are the major regional markets of POS machines, according to the EMR report?

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading terminal types in the market?

The leading terminal types in the market are fixed POS terminals, mobile POS terminals, pocket POS terminals, and POS GPS/GPRS.

What are the major industries considered in the POS machines market report?

The major industries considered in the market report include retail and consumer goods, travel and hospitality, BFSI, media and entertainment, manufacturing, and healthcare, among others.

Who are the key market players according to the report?

The major players in the market are Ingenico Group, PAX Technology Limited, Aures Group, and Castles Technology Co., Ltd, and Cybernet Manufacturing, Inc., among others.

Analyst Review

The global POS machines market is being driven by rising advancements in the payments industry. Aided by further technological advancements, the market is expected to witness a robust growth in the forecast period of 2023-2028, growing at a CAGR of 11.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By terminal type, the market is segmented into fixed POS terminals, mobile POS terminals, pocket POS terminals, and POS GPS/GPRS. Based on industry, the market is divided into retail and consumer goods, travel and hospitality, BFSI, media and entertainment, manufacturing, and healthcare, among others. The major regional markets for POS machines are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ingenico Group, PAX Technology Limited, Aures Group, and Castles Technology Co., Ltd, and Cybernet Manufacturing, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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