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The global virtual payment (POS) terminals market attained a value of USD 20.26 billion in 2023. The industry is further expected to grow in the forecast period of 2024-2032 at a CAGR of 30.3% to reach USD 219.22 billion by 2032. The industry is primarily being driven by the rising urbanisation globally.
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A virtual POS (Point of Sale) refers to a web or windows application which can be used to authorize card transactions by card-acceptor traders manually. Most providers of payment services have this kind of versatility.
Based on the platform, the industry can be divided into:
Software can be further divided into device based and web based.
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The industry can be broadly categorised on the basis of its applications into:
The EMR report looks into the regional markets of virtual payment (POS) terminals like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The market is being driven by the proliferation of Near Field Communications (NFC) devices in the industrial ecosystem and the increasing demand for contactless payments. The increasing demand for these terminals in the next couple of years is expected to rise investments in technology like end-to-end encryption for safe payment solutions and consumer convenience. Because of the increased mobile penetration, large companies in the business are concentrating more on technology advancements. These factors are expected to drive the growth of the virtual payment (POS) terminals industry.
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The report presents a detailed analysis of the following key players in the global virtual payment (POS) terminals market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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:
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Breakup by Platform |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Virtual Payment (POS) Terminals Market Analysis
8.1 Key Industry Highlights
8.2 Global Virtual Payment (POS) Terminals Historical Market (2018-2023)
8.3 Global Virtual Payment (POS) Terminals Market Forecast (2024-2032)
8.4 Global Virtual Payment (POS) Terminals Market by Platform
8.4.1 Software
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Break up by Type
8.4.1.3.1 Device Based
8.4.1.3.2 Web Based
8.4.2 Service
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Virtual Payment (POS) Terminals Market by Application
8.5.1 Retail
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Warehouse
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Hospitality
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Consumer Electronics
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Food & Beverage
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Health Care
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Entertainment
8.5.7.1 Historical Trend (2018-2023)
8.5.7.2 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Virtual Payment (POS) Terminals Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Virtual Payment (POS) Terminals Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Virtual Payment (POS) Terminals Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Virtual Payment (POS) Terminals Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Virtual Payment (POS) Terminals Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Virtual Payment (POS) Terminals Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 INGENICO Group S.A.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 NCR Corporation
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 NEC Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 PAX Technology
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Samsung Electronics Co., Ltd.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 VeriFone, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Virtual Payment (POS) Terminals Market: Key Industry Highlights, 2018 and 2032
2. Global Virtual Payment (POS) Terminals Historical Market: Breakup by Platform (USD Million), 2018-2023
3. Global Virtual Payment (POS) Terminals Market Forecast: Breakup by Platform (USD Million), 2024-2032
4. Global Virtual Payment (POS) Terminals Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Virtual Payment (POS) Terminals Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Virtual Payment (POS) Terminals Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Virtual Payment (POS) Terminals Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Virtual Payment (POS) Terminals Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Virtual Payment (POS) Terminals Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Virtual Payment (POS) Terminals Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Virtual Payment (POS) Terminals Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Virtual Payment (POS) Terminals Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Virtual Payment (POS) Terminals Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Virtual Payment (POS) Terminals Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Virtual Payment (POS) Terminals Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Virtual Payment (POS) Terminals Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Virtual Payment (POS) Terminals Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Virtual Payment (POS) Terminals Market Structure
The global virtual payment (POS) terminals market reached a value of USD 20.26 billion in 2023.
The market is projected to grow at a CAGR of nearly 30.3% in the forecast period of 2024-2032.
The market is estimated to reach a value of about USD 219.22 billion by 2032.
The major drivers of the market include the rising disposable incomes, increasing population, and the growing demand for contactless payments.
The increasing incorporation of Near Field Communications (NFC) devices in the industrial ecosystem and growing urbanisation are expected to be major key trends guiding the growth of the market.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the major regions in the market.
The leading platforms of virtual payment (POS) terminals in the market are software and service. The software segment can be further divided by type into device based and web based.
The significant applications of virtual payment (POS) terminals in the market are retail, warehouse, hospitality, consumer electronics, food and beverage, health care, and entertainment, among others.
The leading players in the global virtual payment (POS) terminals market are INGENICO Group S.A., NCR Corporation, NEC Corporation, PAX Technology, Samsung Electronics Co Ltd., and VeriFone Inc., among others.
The global virtual payment (POS) terminals market attained a value of USD 20.26 billion in 2023, driven by the growing urbanisation. Aided by the rising investments into technologies like end-to-end encryption for safe payment solutions and consumer convenience, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 30.3%. The industry is projected to reach USD 219.22 billion by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on platform, the market can be segmented into platforms include software (device based and web based) and service. On the basis of application, the industry can be divided into retail, warehouse, hospitality, consumer electronics, food and beverage, health care, and entertainment, among others. The major regional markets of virtual payment (POS) terminals are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Cisco Systems, Inc., Fujian Newland Payment Technology Co., Ltd., Ingenico Group, NCR Corporation, NEC Corporation, PAX Technology, and Samsung Electronics Co., Ltd., 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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