Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
Global PoS Machines Market Report Summary | Description | Value |
Base Year | USD Million | 2023 |
Historical period | USD Million | 2018-2023 |
Forecast Period | USD Million | 2024-2032 |
Market Size 2023 | USD Million | XX |
Market Size 2032 | USD Million | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 11.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 15.3% |
CAGR 2024-2032 - Market by Country | India | 16.9% |
CAGR 2024-2032 - Market by Country | China | 16.1% |
CAGR 2024-2032 - Market by Type | Mobile POS Terminals | 13.0% |
CAGR 2024-2032 - Market by Industry | Travel and Hospitality | 13.3% |
Market Share by Country 2023 | USA | XX% |
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, accelerating the POS machines demand growth.
The POS machines market is largely driven by the heightened usage of digital payment methods by customers and companies. As the moving from cash to electronic forms of transactions happens, there is a growing need for advanced POS systems. Such systems incorporate functionalities such as live analytics, and inventory management, and are connected to multiple payment providers; this drives the market growth.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Contactless payments, cloud-based solutions and integration with mobile devices are a few factors shaping the POS machines market dynamics and trends.
April 2024
The company BharatPe, a pioneer in the Fintech industry, have just launched a new smart device which they have given a name of "BharatPe One" that could be used through point-of-sale (PoS) devices, a QR code scanner, and speaker. The device gives a choice of static and dynamic QR codes, tap and pay and credit card swiping options with debit and credit cards, the startup informed in a statement.
Contactless Payments
A significant trend that is opening up POS machines market opportunities is that contactless payments are now gaining traction, which is supported by the preferences of consumers who choose this payment method for speed and hygiene. POS systems now include NFC and QR code capabilities for fast and easy tap-and-go transactions, which reduce the number of physical interactions and speed up the transaction process.
Cloud-Based Solutions
One reason why cloud-based POS systems attract businesses is their ability to scale, provide remote access, and deliver real-time data analytics. The companies apply cloud-based systems, with which they can operate on any point, and because of this, they have an opportunity to update one time only, and that can be done along with other cloud services. Consequently, the market growth is stimulated.
Integration with Mobile Devices
The application of POS systems into more and more devices, e.g. smartphones, tablets, is becoming a key trend of the POS machines market. Mobile POS (mPOS) solutions provide businesses the flexibility and portability to make sales transactions or even manage their equipment on the run, hence operational efficiency and customer service are greatly enhanced.
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 POS machines industry growth is being supported by the increasing adoption of POS machines across various industries, particularly the retail and consumer goods segment. In developing nations, favourable government initiatives and the growing focus on digitisation are providing enhanced growth opportunities to the market.
The Use of Credit Cards Is Increasing the Demand for POS Machines
Point of Sale (POS) machines assist the contact between merchants and individuals, as they allow the merchant to make transactions for accepting payments while recording the particular. Credit card transactions are one of the evolving and preferred payment criteria for leading economies in this world due to their convenience and cashback benefits. Here, the credit card penetration rates as of the year 2023 showed very wide variations between the different countries and territories, reflecting very different consumer behaviours, very different financial infrastructures, and levels of economic development. The world leader for a credit card penetration rate, however, was Canada with an exceptionally high rate of 82.7%, indicating an exceptionally widespread penetration of credit cards as a preferred means of payment in the hands of Canadian consumers. The next high-ranking country was Israel, with a credit card penetration rate of 79.1%, carving out new trends in the POS machines market.
This statistic demonstrates the effectiveness of the integration of credit-debit cards in daily lives in Israel, substantiated by a well-developed financial system and tech-savvy people who are ready to accept increasing digital and cashless transactions. In Switzerland, the penetration of credit cards was high at 69.2%, proving that its financial system is highly developed, and that people there widely use credit cards for their daily operations. South Korea's reported penetration value for the use of credit cards is 68.4%, which reflects that there is a digital superpower with a strong technology-driven economy—great help in the placement of systems that are also cashless. Strong credit card adoption was reflected in both Norway and the United States with the numbers 66.7% and 66.7% for bank card penetration, respectively. For example, in Taiwan, credit card penetration reached 63.8% as a result of fast growth in the market. It is thus likely that the Taiwan market is highly supported by the banking sector in making it possible to adopt credit card practices in the ever more digital-minded population. In the case of the United Kingdom: 62.1% of its population pays on cards, with 93 cards to every 100 people. This figure appears healthy but slightly below the average of advanced economies. Ongoing POS technology innovations enable these transactions to occur both faster and more securely, making them appealing to businesses.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
“Global POS Machines Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on terminal type, the market is divided into:
CAGR 2024-2032 - Market by | Type |
Mobile POS Terminals | 13.0% |
POS GPS/GPRS | 12.5% |
Fixed POS Terminals | XX% |
Pocket POS Terminals | XX% |
By industry, the POS machines market can be segmented into:
CAGR 2024-2032 - Market by | Industry |
Travel and Hospitality | 13.3% |
Retail and Consumer Goods | 12.6% |
BFSI | XX% |
Media and Entertainment | XX% |
Others | XX% |
On the basis of region, the market can be segmented into:
CAGR 2024-2032 - Market by | Region |
Asia Pacific | 15.3% |
Middle East and Africa | 13.6% |
North America | XX% |
Europe | XX% |
Latin America | XX% |
CAGR 2024-2032 - Market by | Country |
India | 16.9% |
China | 16.1% |
Saudi Arabia | 14.2% |
Nigeria | 13.3% |
Japan | 13.0% |
Australia | 12.3% |
USA | XX% |
Canada | XX% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Brazil | XX% |
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. As per POS machines market analysis, 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.
Market Share by | Country |
USA | XX% |
Canada | XX% |
UK | XX% |
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The Asia Pacific to Provide Significant Growth Opportunities for the Expansion of the POS Machines Industry
Region-wise, the POS machines industry in 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 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 regional industry growth.
Key players in the global POS machines market are aimed at the continuous development of new features and functionalities regarding cloud integration, AI capabilities, or advanced data analytics will support the position in the market further.
Ingenico Group, founded in 1980 and headquartered in Paris, France, offers different POS solutions for example countertop, mobile, and smart terminals. They are working on increasing secure payment processing and omnichannel capabilities which the machines can be applied to, e.g. the retail and the financial services sectors.
Set up in 2000, and headquartered in Shenzhen, China, PAX Technology Limited provides various POS solutions including traditional countertop terminals, mobile devices, and self-service kiosks enhances their offerings with powerful features such as security, and flexibility to meet the requirements of consumers throughout the world.
Founded in 1989 and headquartered in Paris, France, Aures Group focuses on POS hardware such as touchscreen terminals, kiosks, and mobile solutions. Their leading product curve is for retail, hospitality, and many other areas thus they emphasise innovation and adaptability in point-of-sale technology.
Other key players profiled in the POS machines market report includes Castles Technology Co., Ltd, and Cybernet Manufacturing, Inc., among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
The POS machines industry is projected to grow at a CAGR of 11.8% between 2024 and 2032.
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.
The key trends guiding the market growth are technological advancements and innovations and the growing preference for mobile devices for POS transactions.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading terminal types in the market are fixed POS terminals, mobile POS terminals, pocket POS terminals, and POS GPS/GPRS.
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.
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.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Terminal Type |
|
Breakup by Industry |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
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. |
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
Share