Analysts predict the Point-of-Sale Terminal Market will reach $152.5 billion by 2029

Roshani

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Analysts predict the Point-of-Sale Terminal Market will reach $152.5 billion by 2029

Point-of-Sale Terminal Market by Component (POS Hardware, Services), Operating System, (Android-based POS Terminal, Windows-based POS Terminal) End User (Retail, Hospitality, Healthcare, and Government) - Global Forecast to 2029

Meticulous Research®, a prominent global market research company, has released its latest report, titled “Point-of-Sale Terminal Market by Component (POS Hardware, Services), Operating System (Android-based POS Terminal, Windows-based POS Terminal), End User (Retail, Hospitality, Healthcare, and Government) with Global Forecast to 2029.”

The report from Meticulous Research® forecasts that the global point-of-sale (POS) terminal market will reach $152.5 billion by 2029, with a compound annual growth rate (CAGR) of 9.9% from 2022 to 2029. By volume, the market is expected to hit 687.4 million units by 2029, growing at a CAGR of 12.0% over the same period.

Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5357

The market's expansion is driven by the increasing adoption of mobile-based POS systems, the widespread use of Europay, Mastercard, and Visa (EMV) cards, and rising demand in the retail and e-commerce sectors. Challenges include data security concerns and the lack of standardization in POS technology. However, the demand for contactless and cashless payments in developed and emerging markets is set to offer significant growth opportunities.

Meticulous Research® has segmented the market by component (POS hardware and services), operating system (Android-based, Windows-based, and others), end user (retail, hospitality, healthcare, transportation, sports & entertainment, government, utilities, and others), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The report also evaluates industry competitors and provides regional and country-level market analysis.

In 2022, the POS hardware segment is projected to hold the largest market share, driven by the demand for wireless communication technologies, cloud POS systems, and contactless payments. The Android-based POS terminal segment is expected to lead in the operating system category due to the growing adoption of cloud-based and wireless technologies.

The retail sector is anticipated to dominate among end users, supported by the growth of e-commerce, focus on contactless payments, and advanced POS terminal features such as inventory management and customer records.

Asia-Pacific is forecasted to be the largest market in 2022, driven by rapid economic growth in China, Japan, India, and South Korea, and the modernization of the payment industry.

Browse in depth: https://www.meticulousresearch.com/product/point-of-sale-terminal-market-5357

Key Players:

The key players operating in the point-of-sale terminals market are NCR Corporation (U.S.), Ingenico Group S.A. (France), Hewlett Packard Enterprise (U.S.), VeriFone, Inc. (U.S.), Toshiba Corporation (Japan), PAX Global Technology Limited. (China), Elavon Inc. (U.S.), Castles Technology Co., Ltd. (Taiwan), BBPOS International Limited. (China), Block, Inc. (U.S.), Cegid Group (France), Diebold Nixdorf, Incorporated. (U.S.), Newland Payment Technology (China), NEC Corporation (Japan), and Oracle Corporation (U.S.).

Key questions answered in the report-

Which are the high-growth market segments in terms of the component, operating system, end user, and geography?
What is the historical market for point-of-sale terminals across the globe?
What are the market forecasts and estimates for the period 2022–2029?
What are the major drivers, restraints, and opportunities in the global point-of-sale terminal market?
Who are the major players in the global point-of-sale terminals market, and what share of the market do they hold?
How is the competitive landscape?
What are the recent developments in the global point-of-sale terminals market?
What are the different strategies adopted by the major players in the market?
What are the geographic trends and high-growth countries?
Who are the local emerging players in the global point-of-sale terminals market, and how do they compete with the other players?