Retail POS Terminals Market Size Expected to Increase USD 1.11 Billion, Enhanced POS Functionality to Drive Market Growth

NEW YORK, October 31, 2022 /PRNewswire/ — The “Retail POS Terminal Market by Technology, Product, End-User, and Geography – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

Technavio has announced its latest market research report titled Global POS Terminals Market in the Retail Sector 2022-2026

The difference in potential growth in the size of the POS terminals market in the retail sector between 2021 and 2026 is $1.11 billion. To get the exact annual growth variance and annual growth rate, request a FREE sample PDF report

Key market dynamics

  • Market engine: Improved POS functionality is driving the growth of the market. Merchants in the distribution sector are offering next-generation point-of-sale terminals to provide an interactive experience for consumers. Advanced POS terminals allow merchants to plan for operational savings and efficiencies and focus on customer-centric campaigns. POS terminals in the retail industry help in the establishment of loyalty programs for customers which will result in up-selling and cross-selling of products. These programs lead to an increase in loyal customers, which leads to customer retention. Hence, the improvement in POS functionality will fuel the growth of the global POS terminal market in the retail sector.

  • Market challenge: There are no fixed merchant bases, which will challenge the POS terminal market in the retail sector during the forecast period. Suppliers depend on customers or merchants who have very low switching costs and have few long-term relationships with their existing suppliers. In addition, at the time of replacement, it is not necessary for customers to choose the same supplier. This will increase competition in the market, which may lead to price wars or consolidation. Vendors are expected to develop terminals that allow secure payments and transactions. Additionally, developers must obtain regional certification for specific applications. These factors will hinder the growth of companies that do not have such certifications and standards.

To learn more about the additional key factors, trends and challenges available with Technavio, Read our FREE sample report now!

Supplier Landscape

The market for point-of-sale terminals in the retail sector is concentrate, and vendors are deploying organic and inorganic growth strategies to compete in the market. Vendors in this market are well established. The likelihood of new vendors entering the market is low due to the presence of well-established players in the market. Suppliers are adopting new technologies to gain a competitive advantage. Major vendors have product categories and are working on emerging technologies such as contactless payments.

This report provides a comprehensive list of major vendors, their strategies, and the latest developments. Buy now for detailed supplier information

Market segmentation

The POS terminal market in the retail sector is segmented by technology (EMV and non-EMV), product (contact and contactless), end user (supermarket, specialty store, hypermarket, gas stations and others ) and geography (APAC , North America, Europe, South Americaand Middle East and Africa). APAC will be the top region with 49% market growth during the forecast period. China, Japanand India are the key countries for the POS terminals in retail sector market in APAC.

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Some companies mentioned

  • BBPOS Ltd.

  • Block Inc.

  • Cybernet Manufacturing Inc.

  • Fiserv Inc.

  • HP Inc.

  • NBS Payment Solutions Inc.

  • NCR Corp.

  • NEC Corp.

  • New Technology POS Ltd.

  • Newland Digital Technology Co.Ltd.

  • Oracle Corp.

  • PAX Global Technology Ltd.

  • Posiflex Technology Inc.

  • Qashier Pte Ltd.

  • Samsung Electronics Co.Ltd.

  • Toshiba Corp.

  • Dynamic Touch

  • UIC Payworld Inc.

  • Verifone Inc.

  • Worldline AG

Do you want your report to be personalized? Speak to an analyst and customize your report to your needs

Related Reports

EMV Point of Sale Terminals Market by End User and Geography – Forecast and Analysis 2022-2026: This report covers in detail the segmentation by end-user (retail and hospitality) and by geography (APAC, North America, Europe, South Americaand the Middle East and Africa). 55% of the market growth will come from APAC during the forecast period. The growth of the EMV market share by the retail segment will be significant.

Biometric POS Terminal Market by Technology and Geography – Forecast and Analysis 2021-2025: This report covers in detail segmentation by technology (fingerprint identification, palm vein identification, etc.) and geography (North America, EuropeAPAC, MEA and South America). 35% of market growth will come from North America during the forecast period. The market share growth in the fingerprint identification segment will be significant.

Scope of the POS terminal market in the retail sector

Report cover

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.56%

Market Growth 2022-2026

$1.11 billion

Market structure

Concentrate

Annual growth (%)

4.78

Regional analysis

APAC, North America, Europe, South America, Middle East and Africa

Successful market contribution

APAC at 49%

Main consumer countries

United States, China, India, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

BBPOS Ltd., Block Inc., Cybernet Manufacturing Inc., Fiserv Inc., HP Inc., NBS Payment Solutions Inc., NCR Corp., NEC Corp., New POS Technology Ltd., Newland Digital Technology Co. Ltd., Oracle Corp., PAX Global Technology Ltd., Posiflex Technology Inc., Qashier Pte Ltd., Samsung Electronics Co. Ltd., Toshiba Corp., Touch Dynamic, UIC Payworld Inc., VeriFone Inc. and Worldline SA

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Browse Information Technology Market Reports

Main topics covered

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Technology

6 Market Segmentation by Product

7 Market Segmentation by End User

8 Customer Landscape

9 Geographic landscape

10 drivers, challenges and trends

11 Supplier Landscape

12 Vendor Analysis

13 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
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UK: +44 203 893 3200
E-mail:[email protected]
Website: www.technavio.com/

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