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Point of Sale (POS) Terminal Market Share

Report ID: GMI390
Published Date: Jun 2024
Report Format: PDF

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Point of Sale Terminal Market Share

Ingenico Group and Square, Inc. dominate the market with around 9% of the market share. Major companies are aggressively expanding their footprint in the POS terminal industry by focusing on innovation and strategic partnerships. Through relentless investment in research and development, they introduce advanced features like contactless payment options and analytics-driven insights, enhancing operational efficiency for businesses. This technological edge allows them to cater to diverse sectors, including retail, hospitality, and healthcare, with tailored solutions that meet specific industry requirements.

Furthermore, by forming strategic partnerships with international payment processors and fintech enterprises, these organizations expand their market presence and deliver all-encompassing payment solutions. By incorporating seamless transaction processing and stringent security measures, they foster trust and reliability among their diverse clientele, establishing themselves as frontrunners in the competitive POS terminal industry. This proactive approach enhances their market share and reinforces their reputation as industry leaders.

Point of Sale Terminal Market Companies

Major players operating in the point of sale (POS) terminal industry are:

Diebold Nixdorf
Epicor Software Corporation
Ingenico Group
NCR Corporation
NEC Corporation
Panasonic Corporation
PAX Technology
Samsung Electronic Co. Ltd
Square, Inc.
VeriFone Systems, Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of point of sale (POS) terminal reached USD 110.9 billion in 2023 and is set to witness 7.5% CAGR from 2024 to 2032, owing to the continuous innovations in POS technology and the rise in contactless payments.

The fixed product segment in the point of sale (POS) terminal industry held over 60% share in 2023, as these offer robust features, such as integrated payment processing, inventory management, and customer analytics crucial for business operations.

The hardware component segment in the POS terminal market size dominated around USD 90 billion in revenue in 2023, due to its essential role in transaction processing and data security.

Asia Pacific market accounted for 30% share in 2023, led by the rapid technological adoption and burgeoning retail sectors in the region.