Global POS Terminals Market in the Retail Sector 2022-2026

Global POS Terminals Market In The Retail Sector 2022-2026

Technavio has been monitoring the POS terminals market in the retail sector and it is poised to grow by $ 1.11 bn during 2022-2026, accelerating at a CAGR of 5.56% during the forecast period. Our report on the POS terminals market in the retail sector provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by enhanced functionality of POS, increased demand for wireless POS terminals, and increased regulatory intervention on secure payment.

The POS terminals market in the retail sector analysis includes technology, product, end-user segments, and geographic landscape.

Technavio's POS terminals market in the retail sector is segmented as below:

By Technology

• EMV
• Non-EMV

By Product

• Contact
• Contactless

By End-user

• Supermarket
• Specialty store
• Hypermarket
• Gas stations
• Others

By Geographical Landscape

• APAC
• North America
• Europe
• South America
• The Middle East and Africa

This study identifies the increased demand for self-service checkout as one of the prime reasons driving the POS terminals market in the retail sector growth during the next few years. Also, emergence of biometric EMV POS terminals and shift toward cloud-based solutions will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the POS terminals market in the retail sector covers the following areas:

• Pos terminals market in the retail sector sizing
• Pos terminals market in the retail sector forecast
• Pos terminals market in the retail sector industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading pos terminals market in the retail sector vendors that include 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. Also, the pos terminals market in the retail sector analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.