Fixed POS Terminal Market - Global Outlook and Forecast 2021-2026

Fixed POS Terminal Market - Global Outlook and Forecast 2021-2026

In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Fixed POS Terminal Market Report

The fixed POS terminal market by revenue is expected to grow at a CAGR of 10% during the period 2021–2026.

The global fixed POS terminal market is expected to undergo several transformations during the forecast period. The demand and adoption of contactless EMV-compliant POS terminals are high due to the introduction of cloud-based POS terminals and the high demand for NFC-complaint POS terminals. Europe and North America are expected to witness a high demand for fixed POS terminals during the forecast period as the outbreak of the COVID-19 pandemic has increased contactless and cashless payment modes. The payment acceptance model has transformed from a hardware-centric payment acceptance model to a software and services-centric one, which, in the future, is expected to emerge as the recurring as-a-service revenue model based on their cloud-based platform.

The following factors are likely to contribute to the growth of the fixed POS terminal market during the forecast period:

  • Advances in Cloud-based POS Terminals
  • High Demand for NFC POS Terminals
  • High Adoption of EMV-Compliant POS Terminals
The study considers the present scenario of the fixed POS terminal market and its market dynamics for the period 2020−2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Fixed POS Terminal Market Segmentation

The global fixed POS terminal market research report includes a detailed segmentation by compliance, technology, end-user, geography. Retail has been one of the key end-users for fixed POS terminals. Small businesses around the world have shown an increased inclination toward the adoption of electronic cash. The popularity of IoT and the rise in internet penetration across the world have significantly pushed the use of electronic money and payment cards. With the outbreak of the COVID-19 pandemic across the globe, the retail sector witnessed a steep decline in revenue. However, Q2, 2020 pushed the market toward recovery as lockdown restrictions were eased in several parts of the world, especially APAC. In India, about 54.70 million credit cards were in service, along with over 852.40 million debit cards till May 2020. Moreover, demonetization boosted the usage of payment cards, thereby increasing the market growth.

The global EMV market has witnessed a significant boom in recent years. Emerging markets such as India have implemented structured regulations to promote EMV POS terminals. Changes in regulatory compliance have pushed the market toward the adoption of EMV cards. With the significant rise in the adoption of EMV compliance, the market is expected to grow at a double-digit growth during the forecast period.

NFC-complaint POS terminals crossed 70 million units in 2020. The NFC-compliant market displayed a strong momentum in 2020, and it is expected to observe an incremental growth of over 29 million units by 2026. NFC-ready devices are creating a buzz in emerging markets such as Brazil, Turkey, and China. The increasing emphasis on the use of EMV-enabled cards has boosted the segment growth.

Compliance
  • EMV
  • Non-EMV
Technology
  • NFC
  • Non-NFC
End-user
  • Retail
  • Restaurant
  • Warehouse & Distribution
  • Healthcare
  • Hospitality
  • Gym & Fitness
  • Others
INSIGHTS BY GEOGRAPHY

In terms of unit shipments, the APAC fixed POS terminal market share is expected to reach over 53 million units in 2026. The COVID-19 pandemic outbreak has relatively slowed down the APAC market growth in the first H1 2020. Retail segments are the primary adopters of fixed POS terminals, and the segment witnessed a decline of over 30% during the period. However, with the increasing popularity of contactless payments, the demand for NFC-ready fixed POS terminals is expected to grow. While modernization of payment systems in the APAC region is evolving, cash domination persists. With the changing technology and the emergence of innovative financial services, the trend of payment cards and e-wallets as payment options is growing. The contribution to card payments' transaction value is low from rural regions due to the low awareness of digital payment systems. With the rising internet penetration, the digital economy is growing, which is driving the demand for POS terminals.

By Geography
  • North America
  • US
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Russia
  • Spain
  • Italy
  • Nordic
  • APAC
  • China
  • Japan
  • South Korea
  • India
  • Vietnam
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Middle East & Africa
  • Saudi Arabia
  • South Africa
  • UAE
INSIGHTS BY VENDORS

Ingenico Group, Verifone Systems, Fujian Newland Payment Technology, and PAX Global Technology are the major leaders in the fixed POS terminal market. The adoption rate of POS terminals among business owners worldwide has been impressive. The market has witnessed the entry of several new vendors due to increased demand. The competition has intensified, leading to several innovative and advanced POS solutions in the market. The present scenario drives vendors to change and refine their unique value proposition to achieve a strong market presence.

Prominent Vendors
  • Ingenico Group (Worldline)
  • Fujian Newland Payment Technology
  • PAX Global Technology
  • Verifone Systems
  • Shenzhen Xinguodu Technology (NEXGO)
Other Prominent Vendors
  • Fiserv
  • Cybernet
  • SZZT Electronics
  • USA Technologies
  • VISIONTEK Linkwell Systems
  • Centerm
  • BBPOS
  • Dspread Technology
  • Castles Technology
  • Bitel Corporation
  • New POS Technology Limited (New POS)
  • Sunyard System Engineering Co. Ltd.
  • Spire Payments
  • Shenzhen Justtide (Justtide)
  • Spectra Technologies
  • Vanstone Electronic Co. Ltd. (Beijing)
  • Datecs
  • YARUS
  • wizarPOS
  • YouTransactor
  • Equinox Payments
  • Bluebird
  • Lian Yu (UIC)
  • Panasonic Corporation
  • Gertec
  • Shenzhen Kaifa Technology Co. Ltd.
  • Toshiba Tec Corporation
KEY QUESTIONS ANSWERED

1. What is the projected market size & growth rate of the fixed POS terminal market?

2. What innovations are observed in cloud-based POS terminals in the market?

3. What is the impact of COVID-19 on the global fixed POS terminal market share?

4. Why is the Asia Pacific POS terminals market on the rise? What is the growth rate of the APAC fixed POS terminal market in terms of unit shipment?

5. Who are the major vendors in the fixed POS terminal market? What are the threats faced by new vendors in the market?


1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Compliance
4.3.2 Market Segmentation by NFC Technology
4.3.3 Market Segmentation by End-User
4.3.4 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Historic Overview
7.1.1 Development of Cash Registers
7.2 Market Overview
7.3 Product Life Cycle
7.4 Covid-19 Impact On Global Trade
7.4.1 Impact on Global Value Chain
8 Market Opportunity & Trends
8.1 Advances In Cloud-Based POS Terminal
8.2 Increasing Demand for NFC POS Terminal
8.3 Growth In Acquisition & Mergers
9 Market Growth Enablers
9.1 Demand In End-User Industries
9.2 High Adoption Of EMV-Compliant POS Terminals
9.3 COVID-19 Inducing Cashless Transactions
10 Market Restraints
10.1 Rise In mPOS Terminal Adoption
10.2 Growth In Mobile App-Based Payments
10.3 Increased Cyber Fraud In Money Transactions
11 Value Chain
11.1 Overview
11.1.1 Value Chain Analysis
12 Market Landscape
12.1 Historical Data 2015-2019
12.1.1 Market Size (Revenue & Unit Shipment)
12.2 Market Overview
12.2.1 Market Size & Forecast (Revenue & Unit Shipment)
12.3 Cost Of Ownership
12.3.1 Overview
12.3.2 More Efficient than PC-Enabled Cash Drawer Systems
12.3.3 Ownership Cost Reduction
12.4 Use Of POS Terminals: Case Scenarios
12.4.1 Alfamart
12.4.2 Home Depot: Update to EMV-Enabled POS Terminals
12.5 COVID-19 Impact on Global Payment Gateways
12.6 Innovation in POS Terminal
12.7 Pre & Post COVID Market Forecast
12.7.1 Pre-COVID-19
12.7.2 POST-COVID-19
12.8 Geography
12.8.1 Market Size & Forecast By Region (Revenue & Unit Shipment)
12.9 Compliance
12.9.1 Market Size & Forecast By Compliance (Revenue & Unit Shipment)
12.10 Technology
12.10.1 Market Size & Forecast By Technology (Revenue & Unit Shipment)
12.11 End-User
12.11.1 Market Size & Forecast by End-user (Revenue & Unit Shipment)
12.12 Five Forces Analysis
12.12.1 Threat of New Entrants
12.12.2 Bargaining Power of Suppliers
12.12.3 Bargaining Power of Buyers
12.12.4 Threat of Substitutes
12.12.5 Competitive Rivalry
13 Compliance
13.1 Market Snapshot & Growth Engine—Revenue
13.2 Market Snapshot & Growth Engine—Units
13.3 Market Overview
13.4 EMV Compliance
13.4.1 Market Size & Forecast (Revenue & Unit Shipment)
13.4.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
13.5 Non-EMV Compliance
13.5.1 Market Size & Forecast (Revenue & Unit Shipment)
13.5.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
14 Technology
14.1 Market Snapshot & Growth Engine—Revenue
14.2 Market Snapshot & Growth Engine—Units
14.3 Market Overview
14.4 NFC
14.4.1 Market Size & Forecast (Revenue & Unit Shipment)
14.4.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
14.5 NON-NFC
14.5.1 Market Size & Forecast (Revenue & Unit Shipment)
14.5.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
15 End-Users
15.1 Market Snapshot & Growth Engine—Revenue
15.2 Market Snapshot & Growth Engine—Units
15.3 Market Overview
15.4 Retail
15.4.1 Market Size & Forecast (Revenue & Unit Shipment)
15.4.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
15.5 Restaurant
15.5.1 Market Size & Forecast (Revenue & Unit Shipment)
15.5.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
15.6 Warehouse & Distribution
15.6.1 Market Size & Forecast (Revenue & Unit Shipment)
15.6.2 Market Size & Forecast By Region (Revenue & Unit Shipment)
15.7 Healthcare
15.7.1 Market Size & Forecast (Revenue & Unit Shipment)
15.7.2 Market Size & Forecast By Region (Revenue & Unit Shipment)
15.8 Gym & Fitness Center
15.8.1 Market Size & Forecast (Revenue & Unit Shipment)
15.8.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
15.9 Hospitality
15.9.1 Market Size & Forecast (Revenue & Unit Shipment)
15.9.2 Market Size & Forecast By Region (Revenue & Unit Shipment)
15.10 Others
15.10.1 Market Size & Forecast (Revenue & Unit Shipment)
15.10.2 Market Size & Forecast by Region (Revenue & Unit Shipment)
16 Geography
16.1 Market Snapshot & Growth Engine- Revenue
16.2 Market Snapshot & Growth Engine- Unit Shipment
16.3 Overview
17 APAC
17.1 Historical Data 2015-2019
17.1.1 Market Size (Revenue & Unit Shipment)
17.2 Market Overview
17.2.1 Market Size & Forecast (Revenue & Unit Shipment)
17.3 Compliance
17.3.1 Market Size & Forecast (Revenue & Unit Shipment)
17.4 Technology
17.4.1 Market Size & Forecast (Revenue & Unit Shipment)
17.5 End-User
17.5.1 Market Size & Forecast (Revenue & Unit Shipment)
17.6 Key Countries
17.6.1 Market Snapshot & Growth Engine- Revenue
17.6.2 Market Snapshot & Growth Engine- Unit Shipment
17.7 China
17.7.1 Market Size & Forecast (Revenue & Unit Shipment)
17.8 India
17.8.1 Market Size & Forecast (Revenue & Unit Shipment)
17.9 Japan
17.9.1 Market Size & Forecast (Revenue & Unit Shipment)
17.10 Australia
17.10.1 Market Size & Forecast (Revenue & Unit Shipment)
17.11 Vietnam
17.11.1 Market Size & Forecast (Revenue & Unit Shipment)
18 Latin America
18.1 Historical Data 2015-2019
18.1.1 Market Size & Forecast (Revenue & Unit Shipment)
18.2 Compliance
18.2.1 Market Size & Forecast (Revenue & Unit Shipment)
18.3 Technology
18.3.1 Market Size & Forecast (Revenue & Unit Shipment)
18.4 End-User
18.4.1 Market Size & Forecast (Revenue & Unit Shipment)
18.5 Key Countries
18.5.1 Market Snapshot & Growth Engine- Revenue
18.5.2 Market Snapshot & Growth Engine- Unit Shipment
18.6 Brazil
18.6.1 Market Size & Forecast (Revenue & Unit Shipment)
18.7 Mexico
18.7.1 Market Size & Forecast (Revenue & Unit Shipment)
18.8 Argentina
18.8.1 Market Size & Forecast (Revenue & Unit Shipment)
19 Middle East & Africa
19.1 Historical Data 2015-2019
19.1.1 Market Size & Forecast (Revenue & Unit Shipment)
19.2 Compliance
19.2.1 Market Size & Forecast (Revenue & Unit Shipment)
19.3 Technology
19.3.1 Market Size & Forecast (Revenue & Unit Shipment)
19.4 End-User
19.4.1 Market Size & Forecast (Revenue & Unit Shipment)
19.5 Key Countries
19.5.1 Market Snapshot & Growth Engine- Revenue
19.5.2 Market Snapshot & Growth Engine- Unit Shipment
19.6 Saudi Arabia
19.6.1 Market Size & Forecast (Revenue & Unit Shipment)
19.7 UAE
19.7.1 Market Size & Forecast (Revenue & Unit Shipment)
19.8 South Africa
19.8.1 Market Size & Forecast (Revenue & Unit Shipment)
20 North America
20.1 Historical Data 2015-2019
20.1.1 Market Size & Forecast (Revenue & Unit Shipment)
20.2 Compliance
20.2.1 Market Size & Forecast (Revenue & Unit Shipment)
20.3 Technology
20.3.1 Market Size & Forecast (Revenue & Unit Shipment)
20.4 End-User
20.4.1 Market Size & Forecast (Revenue & Unit Shipment)
20.5 Key Countries
20.5.1 Market Snapshot & Growth Engine- Revenue
20.5.2 Market Snapshot & Growth Engine- Unit Shipment
20.6 United States
20.6.1 Market Size & Forecast (Revenue & Unit Shipment)
20.7 Canada
20.7.1 Market Size & Forecast (Revenue & Unit Shipment)
21 Europe
21.1 Historical Data 2015-2019
21.1.1 Market Size & Forecast (Revenue & Unit Shipment)
21.2 Compliance
21.2.1 Market Size & Forecast (Revenue & Unit Shipment)
21.3 Technology
21.3.1 Market Size & Forecast (Revenue & Unit Shipment)
21.4 End-User
21.4.1 Market Size & Forecast (Revenue & Unit Shipment)
21.5 Key Countries
21.5.1 Market Snapshot & Growth Engine- Revenue
21.5.2 Market Snapshot & Growth Engine- Unit Shipment
21.6 UK
21.6.1 Market Size & Forecast (Revenue & Unit Shipment)
21.7 Germany
21.7.1 Market Size & Forecast (Revenue & Unit Shipment)
21.8 France
21.8.1 Market Size & Forecast (Revenue & Unit Shipment)
21.9 Spain
21.9.1 Market Size & Forecast (Revenue & Unit Shipment)
21.10 Italy
21.10.1 Market Size & Forecast (Revenue & Unit Shipment)
21.11 Nordics
21.11.1 Market Size & Forecast (Revenue & Unit Shipment)
22 Competitive Landscape
22.1 Overview
22.2 Market Structure & Mapping of Competition
22.2.1 Herfindahl-Hirschman Index
23 Key Company Profiles
23.1 Ingenico Group (WORLDLINE)
23.1.1 Business Overview
23.1.2 Ingenico Group in POS Terminal Market
23.1.3 Major Product Offerings
23.1.4 Key Strategies
23.1.5 Key Strength
23.1.6 Key Opportunities
23.2 Fujian Newland Payment Technology
23.2.1 Business Overview
23.2.2 Fujian Newland Payment Technology In Pos Terminal Market
23.2.3 Major Product Offerings
23.2.4 Key Strategies
23.2.5 Key Strengths
23.2.6 Key Opportunities
23.3 PAX Global Technology
23.3.1 Business Overview
23.3.2 PAX Global Technology in POS Terminal Market
23.3.3 Major Product Offerings
23.3.4 Key Strategies
23.3.5 Key Strengths
23.3.6 Key Opportunities
23.4 Verifone Systems
23.4.1 Business Overview
23.4.2 Verifone Systems in POS Terminal Market
23.4.3 Major Product Offerings
23.4.4 Key Strategies
23.4.5 Key Strengths
23.4.6 Key Opportunities
23.5 Shenzhen Xinguodu Technology (NEXGO)
23.5.1 Business Overview
23.5.2 Shenzhen Xinguodu Technology in Global POS Terminal Market
23.5.3 Key Strengths
23.5.4 Key Strategies
23.5.5 Key Opportunity
24 Other Prominent Vendors
24.1 FISERV
24.1.1 Business Overview
24.1.2 Key Strengths
24.1.3 Key Strategies
24.2 Cybernet
24.2.1 Business Overview
24.2.2 Key Strengths
24.2.3 Key Strategies
24.3 SZZT Electronics
24.3.1 Business Overview
24.3.2 Key Strengths
24.3.3 Key Strategies
24.4 USA Technologies
24.4.1 Business Overview
24.4.2 Key Strengths
24.4.3 Key Strategies
24.5 Visiontek Linkwell Telesystems
24.5.1 Business Overview
24.5.2 Key Strengths:
24.5.3 Key Strategies
24.6 Centerm
24.6.1 Business Overview
24.6.2 Key Strengths
24.7 BBPOS
24.7.1 Business Overview
24.7.2 Key Strengths
24.7.3 Key Strategies
24.8 DSPREAD Technology
24.8.1 Business Overview
24.8.2 Key Strengths
24.8.3 Key Strategies
24.9 Castles Technology
24.9.1 Business Overview
24.9.2 Key Strengths
24.9.3 Key Strategies
24.10 Bitel Corporation
24.10.1 Business Overview
24.10.2 Key Strengths
24.10.3 Key Strategies
24.11 New POS Technology Limited (NEW POS)
24.11.1 Business Overview
24.11.2 Key Strengths
24.11.3 Key Strategies
24.12 Sunyard System Engineering
24.12.1 Business Overview
24.12.2 Key Strengths
24.12.3 Key Strategies
24.13 Spire Payments
24.13.1 Business Overview
24.13.2 Key Strengths
24.13.3 Key Strategies
24.14 Shenzhen Justtide (Justtide)
24.14.1 Business Overview
24.14.2 Key Strengths
24.14.3 Key Strategies
24.15 Spectra Technologies
24.15.1 Business Overview
24.15.2 Key Strengths
24.15.3 Key Strategies
24.16 Vanstone Electronic (BEIJING)
24.16.1 Business Overview
24.16.2 Key Strengths
24.16.3 Key Strategies
24.17 DATECS
24.17.1 Business Overview
24.17.2 Key Strengths
24.17.3 Key Strategies
24.18 Yarus
24.18.1 Business Overview
24.18.2 Key Strengths
24.18.3 Key Strategies
24.19 WIZARPOS
24.19.1 Business Overview
24.19.2 Key Strengths
24.19.3 Key Strategies
24.20 Youtransactor
24.20.1 Business Overview
24.20.2 Key Strengths
24.20.3 Key Strategies
24.21 Equinox Payments
24.21.1 Business Overview
24.21.2 Key Strengths
24.21.3 Key Strategies
24.22 Bluebird
24.22.1 Business Overview
24.22.2 Key Strengths
24.22.3 Key Strategies
24.23 UIC
24.23.1 Business Overview
24.23.2 Key Strengths
24.23.3 Key Strategies
24.24 Panasonic Corporation
24.24.1 Business Overview
24.24.2 Key Strengths
24.24.3 Key Strategies
24.25 GERTEC
24.25.1 Business Overview
24.25.2 Key Strength
24.25.3 Key Strategies
24.26 Shenzhen Kaifa Technology
24.26.1 Business Overview
24.26.2 Key Strengths
24.26.3 Key Strategies
24.27 Toshiba TEC Corporation
24.27.1 Business Overview
24.27.2 Key Strengths
24.27.3 Key Strategies
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Appendix
26.1 Abbreviations

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