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Global Retail Point of Sale POS Market Report 2024

Global Retail Point of Sale POS
Market Report
2024

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Retail Point of Sale POS Market

Retail Point of Sale POS Market Report 2024 (Global Edition)

Delivery Includes:- Market Timeline 2019 till 2031, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.

Author Name: David Fuller | Report ID: CMR396631  | 

The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2023 will be estimated one while the forecasted data will be from year 2024 to 2031. When we deliver the report that time we updated report data till the purchase date.

Data Updated: December 2023  | Report Pages: 250+  | Edition: 8th  | 

PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.

Format: PDF, PPT, Excel, Word, Bi and Consultation  | 
Rating: 4.8 | Review: 4

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Global Retail Point of Sale POS Market Report 2024 Market Size Split by, Type (Fixed Point of Sale Terminals, Mobile Point of Sale Terminals), End User (Supermarket and Hypermarket, Grocery Stores, Sp...

As per Cognitive Market Research's latest published report, the Global Retail Point of Sale (POS) market size will be $18.34 billion by 2030. Retail Point of Sale (POS) Industry's Compound Annual Growth Rate will be 10.2% from 2023 to 2030.

Preview of Global Retail Point of Sale POS Market Revenue

Retail Point of Sale POS Market Size, CAGR and Industry Statistics
Base Year2023
Historical Data Time Period2019-2023
Forecast Period2024-2031
Global Retail Point of Sale POS Market Compound Annual Growth Rate (CAGR) for 2024 to 203110.2%

Retail Point of Sale POS Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!

Retail Point of Sale POS Market Report Description

A POS or point of sale is used to process transactions by retail customers. A cash register is a type of POS. The cash register has largely been replaced by electronic POS terminals that can be used to process credit cards and debit cards as well as cash. A POS may be a physical device in a brick-and-mortar store or a checkout point in a web-based store. The software for POS devices is growing increasingly elaborate, with features that allow retailers to monitor inventory and buying trends, track pricing accuracy, and collect marketing data.

  • Retail Point of Sale (POS) Market Drivers:

The features that are a part of the POS systems help in enhancing the productivity that has a positive impact on the quantum of sales, as well. Many features will require minimal interaction from any technician for the installation process of the systems. Also, these devices come with the plug-and-play capabilities that are being deployed with most of the pre-installed software components. Further, the system helps in the elimination of hassles that often come up while setting the system for users and hence, makes it easy for both the small and medium merchants to smoothly adopt these systems. Also, the ease of use offered by the systems with increased efficiency while driving the retail point of sale (POS) market growth during the forecast period.

  • Retail Point of Sale (POS) Market: Restraints

However, privacy issues and concerts related to data leak and misuse of the information provided and printed on the cards are restricting the target audience to opt and fully trust these devices and solutions presented by the market operations and prominent retail point of sale (POS) market players during the forecast period Also, the lack of awareness amongst the target audience will hamper the retail point of sale (POS) market operations during the forecast period. Also, many manufacturers are already struggling with the losses incurred during the pandemic which is barring them to invest in using these on an elaborated scale. 

  • Retail Point of Sale (POS) Market: Technology

There is an increase in the concentration of businesses of growing customer frequency. The businesses are on the lookout for technologies that help in streamlining the processes and further, integrate into a single point of contact. Innovations and creativity in technology have led to major and in-depth technology are resulting in advancements in the systems namely the MPOS and the automated POS systems. Moreover, the retail point of sale (POS) market systems are helping the merchants by providing them with multiple capabilities like faster checkouts, sales tracking, ease of forwarding the orders, inventory monitoring, and payment security amongst others. 

  • COVID-19 Impact:

The COVID-19 pandemic has significantly transformed how consumers shop, affecting several market verticals. The retail industry witnessed a drastic difference due to the COVID-19 pandemic. Several consumers globally have also increased the use of various sales methods, such as virtual consultations, contactless payment, curbside pickup, and social commerce, which includes shopping through several social media sites. Such trends have affected the demand for point-of-sale (POS) terminals globally.

We have various report editions of Retail Point of Sale POS Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Recent Developments

  • April 2022:

PAX Global Technology Limited launches its Android PayTablet, M8, with a fully integrated smart PoS payment processing system. The device is designed for hotel operators and high-end retailers, where online orders, in-store checkouts and VAT refunds can run in parallel with accepting payments.

  • March 2022:

Cashfree Payments API Banking and payment solutions provider has launched a PoS solution called 'softPOS'. It is used by businesses like retail outlets, shops, grocery stores, food delivery apps, automotive industry and NBFCs. In the automotive and non-bank financial sectors, this PoS solution is used for door-to-door collection.

Top Companies Market Share in Retail Point of Sale POS Industry: (In no particular order of Rank)

  • Diebold Nixdorf
  • PAX technology
  • NCR Corporation
  • Shopify Inc.
  • Ingenico Inc
  • Elavon Inc.
  • Clover Network
  • Epicor software corporation
  • Cegid Group
  • Revel System
  • Confidential Data
  • Access The Paid Version
  • Data Hidden
*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Retail Point of Sale POS Market Analysis

Global Retail Point of Sale POS Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Retail Point of Sale POS Industry growth. Retail Point of Sale POS market has been segmented with the help of its Type, End User Component, and others. Retail Point of Sale POS market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.

Based On Type, the market is divided into fixed point of sale (POS) and mobile point of sale (POS). The fixed point of sale (POS) segment is expected to hold the largest market share as it offers more features and functionality. The fixed PoS system resembles the traditional form of payments technology, and it has been the most recognized, accepted, and reliable way to process payments by cash, credit, and debit cards.

Retail Point of Sale POS Market Share (%) by Type in 2019-2031

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Retail Point of Sale POS Industry. Request a Free Sample PDF!

Among The End User Segments, the grocery stores segment is projected to maintain dominance in terms of revenue share over the supermarket and hypermarket segment over the forecast period.

Retail Point of Sale POS Market Share (%) by End User in 2019-2031

2019

2023

2031

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Retail Point of Sale POS market report 2024 Edition by contacting our team.

Retail Point of Sale POS Component Segment Analysis

The hardware segment is expected to hold the highest market share, due to the growing installation of point-of-sale systems hardware in restaurants, retail, and other. In addition, the services segment is expected to show prominent growth with the highest CAGR during the forecast period.

  • Hardware
  • Software
  • Service

Retail Point of Sale POS Deployment Segment Analysis

Based On Deployment, the market is bifurcated into on-premise and cloud-based. The cloud-based segment is expected to account for the largest market share. The increasing demand for cloud-based systems is accelerating the segment's growth, providing numerous additional benefits such as on-demand services and flexibility.

  • On-Premise
  • Cloud-based

The North American regional market held the largest revenue share in the global market. With reputed POS software vendors in the region, there is a high demand for advanced integrated POS software. The healthcare industry in the U.S. is expected to witness the fastest growth owing to the need to improve hospital facilities related to payment, insurance, and patient management. Furthermore, the adoption rate and rapid growth of cashless payments in retail, dining, hospitality, healthcare, and other industries in North America are expected to drive product demand over the forecast period.

Asia Pacific is expected to grow at a significant CAGR during the forecast period. Rising adoption of retail point-of-sale (POS) in the region is attributed to robust growth in the electronic payments industry. Demand for cashless payments in retail, catering, entertainment, warehousing, and other industries in developing countries such as China, India, Indonesia, and Vietnam is driving market growth. Moreover, rising demand for point-of-sale (POS) with advanced features in fast-growing businesses such as e-commerce retail, food service, and entertainment is expected to drive the regional market over the forecast period.

The current report Scope analyzes Retail Point of Sale POS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

  • North America (United States, Canada, Mexico)
  • Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
  • South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
  • Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

Retail Point of Sale POS Market Share (%) by Region (2019-2031)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

Latest News about Retail Point of Sale POS Market


Industry segmentation can be altred as per your needs. For example, we can proivde cross slipt between Fixed Point of Sale Terminals with End User, Component, additional country analysis, volume/consumption data, etc.

Retail Point of Sale POS Market Report Scope
Market Split by Type
  • Fixed Point of Sale Terminals
  • Mobile Point of Sale Terminals
Market Split by End User
  • Supermarket and Hypermarket
  • Grocery Stores
  • Specialty Stores
  • Convenience Stores
  • Others
Market Split by Component
  • Hardware
  • Software
  • Service
Market Split by Deployment
  • On-Premise
  • Cloud-based
List of Competitors
  • Diebold Nixdorf
  • PAX technology
  • NCR Corporation
  • Shopify Inc.
  • Ingenico Inc
  • Elavon Inc.
  • Clover Network
  • Epicor software corporation
  • Cegid Group
  • Revel System
  • Confidential Data
  • Access The Paid Version
  • Data Hidden
Regional Analysis
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa
Country Analysis
  • North America (United States, Canada, Mexico)
  • Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium, Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
  • South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
  • Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)
Key Qualitative Information Covered
  • Market Trends
  • Market Drivers
  • Market Restraints
  • Market Opportunity
  • Market Attractiveness Analysis
  • COVID–19 Impact and Recovery Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Analysis
  • Product Life Cycle
  • Industrial Chain Analysis
  • Patent Analysis
  • ESG Analysis

Report scope is customizable as we have a huge database of Retail Point of Sale POS industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.

Research Methodology Implemented by Author

  • 1.1 Retail Point of Sale POS Market Report 2024 Research Methodology
  • 1.2 Systematic Research Approach
    • 1.2.1 Primary Research for Retail Point of Sale POS Market
      • 1.2.1.1 Key Data from Primary
      • 1.2.1.2 Primary Interviews with Experts
      • 1.2.1.3 Key Industry Insights
      • 1.2.1.4 Questionnaire for Retail Point of Sale POS Market
      • 1.2.1.5 Breakdown of Primaries
    • 1.2.2 Secondary Research for Retail Point of Sale POS Market
      • 1.2.2.1 Key Data from Secondary
      • 1.2.2.2 Paid Sources
      • 1.2.2.3 Public Sources
  • 1.3 Market Size Estimation for Retail Point of Sale POS Market
    • 1.3.1 Top-Down Approach
      • 1.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
    • 1.3.2 Bottom-UP Approach
      • 1.3.2.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
  • 1.4 Market Breakdown and Data Triangulation
  • 1.5 Research Assumptions for Retail Point of Sale POS Market
Preview Full Research Methodology

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

LinkedIn

Profile

I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

Bio :

I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building. I fulfill data requirements with thorough research and analytics. ME and My research team provide intelligence on industry stats, market structure, company profiles/Competition Analysis, Forecast Mapping, and Recently started providing the COVID-19 Impact Analysis.

Specialties: Industry research, Company analysis, Location Strategy, Tech Research, Change Management, Process Improvement, Peer Group Benchmarking, Startup Ecosystem, Crypto Research, COVID19 Impact Analysis, etc.

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Author's Conclusion

Author's Conclusion

  • In terms of revenue, Mobile Point of Sale Terminals was the leading segment with 65.74% share of total Retail Point of Sale (POS) market in 2022.
  • In terms of revenue, Hardware was the leading segment with 48.45% share of total Retail Point of Sale (POS) market in 2022.
  • In terms of revenue, Cloud-based was the leading segment with 61.57% share of total Retail Point of Sale (POS) market in 2022.
  • In terms of revenue, Grocery Stores was the leading segment with 32.43% share of total Retail Point of Sale (POS) market in 2022.

Frequently Asked Questions (FAQs)

Which key factors will influence Retail Point of Sale (POS) market growth over 2023-2030?
Rising e-commerce and online transactions by consumers is boosting the retail point of sale (POS) market.

What will be the value of the Retail Point of Sale (POS) Market during 2022-2029?
According to the report, the global Retail Point of Sale (POS) market size is estimated to grow to USD 18.34 billion by 2030, with a compound annual growth rate (CAGR) of approximately 10.2% over the forecast period.

Which region will contribute notably towards the Retail Point of Sale (POS) Market value?
North America is projected to continue to lead the market throughout the forecasted period.

Which are the major players leveraging the Retail Point of Sale (POS) Market growth?
Some of the main competitors dominating the global Retail Point of Sale (POS) Market include – Diebold Nixdorf, PAX technology, NCR Corporation, Shopify Inc., Ingenico Inc, Elavon Inc. and Others.

Key Questions Answered By Retail Point of Sale POS Market Report 2024

Why Fixed Point of Sale Terminals have a significant impact on Retail Point of Sale POS market?
What are the key factors affecting the Fixed Point of Sale Terminals and Mobile Point of Sale Terminals of Retail Point of Sale POS Market?
What is the CAGR/Growth Rate of Supermarket and Hypermarket during the forecast period?
By type, which segment accounted for largest share of the global Retail Point of Sale POS Market?
Which region is expected to dominate the global Retail Point of Sale POS Market within the forecast period?

We not only deliver the published report but only provide customized data on request to make your customized report edition (Exclusively Delivered and not shared on the website/Other Clients). The following additional data and delivery depend on Data Availability, Client's Data Request, Additional Charges Applied, etc.

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Segmentation Level Customization
  • Additional Segments and Sub Segment
  • Cross-split Segments of Retail Point of Sale POS
  • Additional Countries Granular data
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    		•
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  • Sales Volume
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  • Segment Analysis on Country level is also available (On request)
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    		•
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    What is included in the Retail Point of Sale POS Market Report Access?
    • Regional Analysis of 5 Regions: North America, Europe, Asia Pacific, Middle East Africa, Latin America
    • Country Analysis of 36 countries
    • Historical Data Timeline 2019 till 2023
    • Forecast Data Timeline 2024 till 2031
    • List of Analysis Conducted by Cognitive Market Research: Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, ESG Analysis, Porter's Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis,
    • 100+ tables, 150+ Figures, 10+ matrix
    • Market Trends, Drivers, Opportunities, Restraints,
    • Segment Analysis and Each Segments Market Attractiveness, Investment opportunities
    • Measures to Explore Untapped Market
    • Understanding Market Dynamics
    • Understanding Changing Economics
    • Competitors Market Share
    • Global/Region/Country Level Analysis
    • Identify Upcoming End Use Industries
    • Price Trend Analysis
    • Value Chain Analysis
    • Customer Sentiment/Need Analysis
    • Identification of Key Growth Segments
    • Industry Upstream and Downstream Analysis
    • Raw Material Sourcing and Cost Analysis
    • Identify Key Customers Across Globe
    • Concept Development and Market Testing
    • Merger-Acquisition Strategy

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    Reasons to Purchase the Retail Point of Sale POS Market Report 2024 Edition?
    • The research study and report are been made exclusively for an institution or person who is strategizing to build a business or strategically wants to expand certain portfolio.
    • This report will help in analyzing complete market scenario across the globe who wish to expand their current business or is willing to invest in some profitable sector.
    • This report will prove beneficial for person or an organization who wish to be updated regarding their business environment, consumers’ behaviour, and their requirements. The environment is constantly changing, and in such scenario, this report will help in understanding market parameters through 360-degree view.
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    Objective of Publishing Retail Point of Sale POS Market Report 2024 Edition
    • Our objective for the Retail Point of Sale POS market is to help in making imperative business decisions, securing investments, determining new business opportunities in the market. Further, the report helps to analyze overall marketing needs of customers, and avoid business failures.
    • To know the potential market size and growth rate before launching a new product line. The report in a way helps in designing R&D budget wisely by estimating maximum total profit.
    • To identify the Retail Point of Sale POS market dynamics, industrial insights, and economic progression for critical information about the market conditions and specific business landscape.
    • To assess the overall competitive landscape of a particular business sector and to provide complete analysis in regards with various external factors impacting the market growth.
    • To create a strong foundation for building a strategy and foster insight into market conditions so that market players can make better business decisions. Besides, we aim to provide a complete portfolio of the major players involved the market.
    • To define the scope which will further help in creating new products that will surpass the gap between current offerings and customers’ needs.

    • To help in revealing significant clues concerning buying habits, regional culture, lifestyle, and population density that plays an integral role in shaping market behavior.
    • To strategically analyze micro markets with respect to individual growth trends, prospects, and contributions to the total market.

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    • Competitors Analysis: We provide data from the supplier side covering key details such as market share split among 1st tier, 2nd tier, and 3rd tier, Emerging Players, and Start-Ups. (whereas most of our competitors published data for top-tier companies)
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    • Country Analysis: The Country level market split analysis is part of the report hence the data granularity is provided.
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    Retail Point of Sale POS Industry Press Release

    Retail Point of Sale Market to Reach USD 18.34 Billion by 2030

    Retail Point of Sale (POS) Market size is projected to be USD 18.34 Billion by 2030 at a CAGR of 10.2 % from 2023-2030, as per recent report by Cognitive Market Research. VMware, Inc. has recently launched a new solution to help global retailers modernize their point of sale which will boost growth of the market.

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