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Retail POS Terminal Market Share

Report ID: GMI291
Published Date: Jun 2024
Report Format: PDF

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Retail POS Terminal Market Share

Ingenico Group and Square, Inc. dominate the market with around 9% of the market share. Ingenico provides a wide range of point-of-sale (POS) hardware, software, and services to suit different retail contexts. Ingenico Group is well-known for its creative solutions. To improve operational effectiveness and consumer engagement, it incorporates cutting-edge technology such as Artificial Intelligence (AI) and cloud computing into its point-of-sale (POS) systems.

On the other hand, Square, Inc. focuses on payment solutions and provides a wide range of POS terminals that accept various payment methods. They are the key players in the retail POS market, meeting the needs of a wide range of industries due to their global reach and emphasis on security and compliance.

Retail POS Terminal Market Companies

Major players operating in the retail POS terminals 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 retail POS terminal reached USD 36.7 billion in 2023 and is set to witness 5.5% CAGR from 2024 to 2032, owing to the growing inclination of consumers for online payment methods and wireless technologies.

The supermarkets/hypermarkets application segment accounted for 45% of the retail POS terminal industry share in 2023, due to the rising need for reliable point-of-sale (POS) systems to effectively handle high transaction volumes and intricate inventory systems.

The hardware component segment captured 45% revenue share in 2023, as these components lasts longer and needs fewer replacements.

Asia Pacific market accounted for more than 36% revenue share in 2023, led by the increasing urbanization and the quantity of retail establishments, ranging from big-box stores to little convenience stores.