POS Terminal Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Fixed, Portable and mPOS), By Deployment (Cloud and On-Premise), By EMV Compliance (EMV and Non-EMV), By Industry (Retail, Travel, Hospitality and Others), By Region, By Competition, 2020-2030F

Market Overview

The Global POS Terminal Market, valued at USD 92.10 Billion in 2024, is projected to experience a CAGR of 9.19% to reach USD 156.08 Billion by 2030. A Point-of-Sale (POS) terminal constitutes an electronic system facilitating customer transactions, commonly found across retail, hospitality, and service sectors for payment processing, inventory tracking, and sales reporting. The global POS terminal market experiences growth driven by the increasing adoption of digital payment methods, including contactless transactions and mobile wallets, alongside the demand for efficient inventory management. Enhancing customer experience and adhering to regulatory compliance further support this expansion. According to the National Retail Federation (NRF), transactions using biometrics, integrated into advanced POS systems, increased by 138% from 2023 to 2024, indicating evolving payment preferences.

A significant challenge for market expansion involves the substantial initial investment required for advanced POS system implementation, especially for small and medium-sized enterprises. Moreover, continuous concerns regarding data security and potential breaches present an ongoing impediment to broader market adoption.

Key Market Drivers

The increasing adoption of digital and contactless payment methods significantly influences the global POS terminal market. Consumers increasingly prefer swift and secure tap-and-go transactions, compelling retailers to upgrade systems for these preferences. This widespread shift necessitates POS terminals equipped with Near Field Communication technology, driving demand for advanced hardware and software. According to Mastercard, December 2024, in its "10 top payments trends for 2025" report, contactless payments now account for more than two out of every three in-person purchases on its network, highlighting the essential nature of these payment options. This evolution directly impacts manufacturers and developers of POS terminals, requiring innovation in integrated payment gateways and versatile acceptance capabilities.

The integration of advanced business management features, including inventory management, analytics, and customer relationship management, also drives the global POS terminal market. Modern retailers utilize POS systems as central hubs for operational intelligence, enabling real-time insights into sales, optimized stock levels, and enhanced customer loyalty through personalized interactions. For example, comprehensive POS analytics inform dynamic pricing strategies. According to data shared during NRF 2024, 80% of consumers are more likely to purchase when brands invest in personalization, underscoring the value of CRM within POS solutions. This demand for feature-rich systems elevates the strategic importance of POS technology. The broader retail industry, which relies on POS infrastructure, demonstrates continued activity. According to the National Retail Federation, March 2024, its annual forecast anticipates retail sales will grow between 2.5% and 3.5% to more than $5.23 trillion in 2024, indicating a robust environment for POS terminal market expansion.

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Key Market Challenges

The substantial initial investment required for advanced Point-of-Sale (POS) system implementation represents a significant impediment to the growth of the global POS terminal market. This challenge disproportionately affects small and medium-sized enterprises (SMEs) that often operate with limited capital and tighter budgets. The upfront expenditure encompasses not only the hardware components such as terminals, scanners, and printers, but also software licenses, installation services, and initial staff training.

Such considerable capital outlay can deter SMEs from adopting modern POS solutions, causing them to retain older, less efficient systems or manual processes. This hesitation restricts market penetration and slows the overall rate of technological upgrade within the retail and hospitality sectors. According to a 2024 Total Retail report, cost was cited as the number one factor influencing technology investment decisions for 38% of retailers, directly highlighting its impact on adoption rates. The perceived financial risk associated with a large initial investment therefore limits the potential customer base for advanced POS terminals, hindering market expansion, particularly among the numerous smaller businesses globally that could benefit from enhanced operational efficiencies.

Key Market Trends

The widespread adoption of cloud-based Point of Sale architectures marks a fundamental transformation in retail operations, shifting from traditional on-premise systems to more agile and scalable solutions. This architectural transition provides enhanced flexibility, real-time data accessibility, and seamless integration with various business applications, enabling rapid scaling to meet fluctuating market demands. Businesses benefit from reduced infrastructure complexities and often lower operational costs. According to CoinLaw, cloud-based POS adoption in retail climbed to 72% in 2025, underscoring this significant industry migration. The recent collaboration between Zebra Technologies and Salesforce, unveiled at Dreamforce 2025, introduced a joint Retail Cloud POS solution on Android, highlighting strategic efforts to empower frontline associates with real-time data.

The increased proliferation of mobile Point of Sale solutions significantly influences the market by extending transaction capabilities beyond traditional fixed checkout counters. This trend empowers retailers and service providers to process payments and manage sales anywhere, improving customer service through reduced wait times and enabling personalized interactions on the sales floor. Mobile POS systems offer substantial flexibility, proving particularly advantageous for small businesses and diverse service environments. According to CoinLaw, mobile POS was utilized by over 68% of small and medium enterprises globally in 2025, highlighting its widespread acceptance. Verifone's October 2025 launch of Commander Fleet, a solution unifying commercial fleet card acceptance on a single POS, further demonstrates how mobile solutions streamline diverse payment processing requirements across sectors.

Segmental Insights

The Cloud segment is emerging as the fastest-growing component within the Global POS Terminal Market, primarily driven by its inherent operational advantages. This rapid expansion stems from the notable cost-effectiveness and reduced upfront investment associated with cloud-based solutions, which typically operate on a subscription model, eliminating extensive hardware and IT infrastructure costs. Furthermore, cloud POS offers unparalleled flexibility, scalability, and remote accessibility, enabling businesses to manage operations and data from any location while easily adapting to expansion requirements. The capability for seamless integration with diverse business systems, coupled with enhanced data security features and real-time analytics, further propels its adoption, providing critical insights and ensuring robust data protection for businesses. .

Regional Insights

Asia Pacific stands as the leading region in the Global POS Terminal Market, primarily driven by robust digitalization efforts and proactive government initiatives. The region benefits from significant government support, such as India's Digital India program and regulatory frameworks from bodies like the Reserve Bank of India (RBI) and the People's Bank of China (PBOC), which actively promote cashless economies and digital payment adoption. This, coupled with the rapid growth of retail and e-commerce sectors and increasing consumer preference for electronic and mobile payment systems, fuels widespread POS terminal deployment across diverse industries.

Recent Developments

• In May 2025, Square launched its new Square Handheld, presenting it as the company’s most powerful and portable point-of-sale device to date. This device was designed to manage a wide range of operations, from payments to back-of-house tasks, directly from a compact, ergonomic unit. It supports various payment methods including tap, dip, QR codes, and barcode scanning, and features a durable design. The Square Handheld runs on a unified Square Point of Sale app, offering customizable, industry-specific modes to cater to diverse business needs, particularly within food and beverage and retail sectors.

• In January 2025, Verifone unveiled its new Verifone Victa portfolio of payment devices, alongside the Verifone Tap softPOS solution and expanded biometrics capabilities. These introductions were designed to enhance secure and customer-focused payment experiences in the global POS terminal market. The Verifone Tap solution specifically enables businesses to accept contactless payments using commercially available smart devices, offering scalability and flexibility for various checkout scenarios. These innovations, publicly showcased at a major retail event, underscore Verifone's commitment to advancing payment technology and improving the overall shopping experience for both businesses and consumers.

• In October 2024, Revolut introduced a new point-of-sale terminal device tailored for larger businesses within the UK and Ireland markets. This launch aimed to support operations during high-traffic shopping periods, such as Black Friday and the festive season. The new terminal integrates with Revolut Pay, allowing customers to complete transactions directly from their Revolut accounts. This development expanded Revolut's business-to-business services, particularly for the hospitality and retail sectors, by offering an all-in-one payment solution that streamlines transactions and provides merchant benefits like lower fees for Revolut Pay transactions.

• In January 2024, Ingenico, a prominent provider of payment acceptance services, announced a strategic collaboration with Cybersource, Visa's global payment and fraud management platform. This partnership was established to develop a unified commerce solution, initially for the Asia Pacific region, with plans for broader implementation. The collaboration involved integrating an Android application from Ingenico's AXIUM platform with the Cybersource open payment platform. This initiative aimed to streamline the authorization of in-store card transactions across various geographies through a single platform, thereby reducing technical complexities and accelerating market entry for omni-channel capabilities.

Key Market Players

• Verifone Inc.
• Ingenico Group
• PAX Global Technology Ltd.
• Toshiba Corporation
• NCR Voyix Corporation
• Diebold Nixdorf, Incorporated
• Block, Inc.
• Shopify Inc.
• NEC Corporation
• Fujian Newland Payment Technology Co., Ltd.

Report Scope:

In this report, the Global POS Terminal Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• POS Terminal Market, By Product Type:

o   Fixed

o   Portable

o   mPOS

• POS Terminal Market, By Deployment:

o   Cloud

o   On-Premise

• POS Terminal Market, By Industry:

o   Retail

o   Travel

o   Hospitality

o   Others

• POS Terminal Market, By EMV Compliance:

o   EMV

o   Non-EMV

• POS Terminal Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global POS Terminal Market.

Available Customizations:

Global POS Terminal Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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