Market Overview:
The global POS terminals in retail market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for EMV POS terminals and the growing trend of card-not-present transactions. In terms of type, the EMV POS terminals segment is expected to grow at a higher CAGR than the non-EMV POS terminals segment during the forecast period. This can be attributed to the increasing demand for secure payment solutions among retailers across different regions.
Product Definition:
A POS terminal is a computer that is used to process payments from customers. The importance of POS terminals in retail is that they allow businesses to process payments quickly and easily.
EMV POS Terminals:
EMV POS terminals are electronic devices that process transactions at point of sale. They have features such as enhanced security, reduced fraud and counterfeit, faster transaction processing time and better customer experience. These terminals are used in various sectors such as hospitality, retail stores to manage inventory & check out processes along with making payments for goods & services purchased by customers.
Non-EMV POS Terminals:
Non-EMV POS terminals are used in point of sale terminals that are pre-installed with software and hardware to facilitate the processing of cashless transactions. These systems do not have any contactless features, hence they do not comply with the EMV standard for payment cards. The major advantage associated with these systems is that they can be easily installed at a low cost in retail stores without hampering the overall budget for installation.
Application Insights:
The market is segmented by application into supermarkets, specialty stores, hypermarkets, gas stations and drug stores, and mass merchandise. The supermarket segment dominated the global POS terminals in retail market in 2017 owing to the high number of customers visiting supermarkets on a daily basis. Moreover, increasing demand for online shopping has also positively influenced terminal sales at supermarkets.
The specialty store application segment is expected to witness significant growth over the forecast period due to rising consumer preference for luxury goods and services coupled with an increase in spending on personal grooming products such as cosmetics and toiletries among other luxury items sold at upscale departmental stores such as Harrods or Selfridges¢â‚¬â„¢ flagship store located in London or their local outlets around the world. Departmental stores are increasingly adopting cashless payment systems so that they can reduce queues at checkouts by eliminating cash transactions while buying expensive brands' products which will eventually drive demand for POS terminals over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing investments by various international companies in developing infrastructure and providing enhanced services for their retail outlets across this region. For instance, Walmart has been investing heavily in India and other South East Asian countries with an aim to expand its retail footprint at a faster pace while maintaining low prices as compared to others operating in these markets.
The Asia Pacific regional market includes China, Australia, Japan, South Korea, Hong Kong.
Growth Factors:
- Increasing demand for retail POS terminals from small and medium-sized businesses (SMBs) due to the growing popularity of card-based payments.
- The increasing demand for cloud-based POS systems, which offer retailers a number of advantages such as scalability, reduced costs, and enhanced security.
- The rising trend of mPOS systems, which are smaller in size and easier to use than traditional POS terminals, is helping to drive the growth of the retail POS terminal market.
- The increasing adoption of contactless payments is also contributing to the growth of the retail POS terminal market as it allows customers to make transactions quickly and easily without having to swipe their cards or enter a PIN code.
- Growing demand for NFC-enabled POS terminals that allow customers to make contactless payments using their smartphones
Scope Of The Report
Report Attributes
Report Details
Report Title
POS Terminals in Retail Market Research Report
By Type
EMV POS Terminals, Non-EMV POS Terminals
By Application
Supermarket, Specialty Stores, Hypermarket, Gas Stations, Drug Stores, Mass Merchandise
By Companies
First Data, Ingenico Group, PAX Technology, Square, Verifone
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global POS Terminals in Retail Market Report Segments:
The global POS Terminals in Retail market is segmented on the basis of:
Types
EMV POS Terminals, Non-EMV POS Terminals
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Specialty Stores, Hypermarket, Gas Stations, Drug Stores, Mass Merchandise
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Data
- Ingenico Group
- PAX Technology
- Square
- Verifone
Highlights of The POS Terminals in Retail Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- EMV POS Terminals
- Non-EMV POS Terminals
- By Application:
- Supermarket
- Specialty Stores
- Hypermarket
- Gas Stations
- Drug Stores
- Mass Merchandise
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the POS Terminals in Retail Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
POS terminals are used in retail stores to process payments.
Some of the key players operating in the pos terminals in retail market are First Data, Ingenico Group, PAX Technology, Square, Verifone.
The pos terminals in retail market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 POS Terminals in Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 POS Terminals in Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 POS Terminals in Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the POS Terminals in Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global POS Terminals in Retail Market Size & Forecast, 2018-2028
4.5.1 POS Terminals in Retail Market Size and Y-o-Y Growth
4.5.2 POS Terminals in Retail Market Absolute $ Opportunity
Chapter 5 Global POS Terminals in Retail Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 POS Terminals in Retail Market Size Forecast by Type
5.2.1 EMV POS Terminals
5.2.2 Non-EMV POS Terminals
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global POS Terminals in Retail Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 POS Terminals in Retail Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Specialty Stores
6.2.3 Hypermarket
6.2.4 Gas Stations
6.2.5 Drug Stores
6.2.6 Mass Merchandise
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global POS Terminals in Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 POS Terminals in Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America POS Terminals in Retail Analysis and Forecast
9.1 Introduction
9.2 North America POS Terminals in Retail Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America POS Terminals in Retail Market Size Forecast by Type
9.6.1 EMV POS Terminals
9.6.2 Non-EMV POS Terminals
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America POS Terminals in Retail Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Specialty Stores
9.10.3 Hypermarket
9.10.4 Gas Stations
9.10.5 Drug Stores
9.10.6 Mass Merchandise
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe POS Terminals in Retail Analysis and Forecast
10.1 Introduction
10.2 Europe POS Terminals in Retail Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe POS Terminals in Retail Market Size Forecast by Type
10.6.1 EMV POS Terminals
10.6.2 Non-EMV POS Terminals
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe POS Terminals in Retail Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Specialty Stores
10.10.3 Hypermarket
10.10.4 Gas Stations
10.10.5 Drug Stores
10.10.6 Mass Merchandise
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific POS Terminals in Retail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific POS Terminals in Retail Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific POS Terminals in Retail Market Size Forecast by Type
11.6.1 EMV POS Terminals
11.6.2 Non-EMV POS Terminals
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific POS Terminals in Retail Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Specialty Stores
11.10.3 Hypermarket
11.10.4 Gas Stations
11.10.5 Drug Stores
11.10.6 Mass Merchandise
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America POS Terminals in Retail Analysis and Forecast
12.1 Introduction
12.2 Latin America POS Terminals in Retail Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America POS Terminals in Retail Market Size Forecast by Type
12.6.1 EMV POS Terminals
12.6.2 Non-EMV POS Terminals
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America POS Terminals in Retail Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Specialty Stores
12.10.3 Hypermarket
12.10.4 Gas Stations
12.10.5 Drug Stores
12.10.6 Mass Merchandise
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) POS Terminals in Retail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) POS Terminals in Retail Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) POS Terminals in Retail Market Size Forecast by Type
13.6.1 EMV POS Terminals
13.6.2 Non-EMV POS Terminals
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) POS Terminals in Retail Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Specialty Stores
13.10.3 Hypermarket
13.10.4 Gas Stations
13.10.5 Drug Stores
13.10.6 Mass Merchandise
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 POS Terminals in Retail Market: Competitive Dashboard
14.2 Global POS Terminals in Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Data
14.3.2 Ingenico Group
14.3.3 PAX Technology
14.3.4 Square
14.3.5 Verifone
