Retail Point-of-Sale Terminals Market is predicted to reach USD 68.3 Billion at a CAGR of 12.90% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global Retail Point-of-Sale Terminals Market” that contains information from 2018 to 2032. The retail point-of-sale terminals market is estimated to register a CAGR of 12.90% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global retail point-of-sale terminals market— Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Qu, Inc., Quail Digital, Revel Systems, Toast, Inc., Toshiba Corp., TouchBistro, and Xenial, Inc.

Market Highlights

The global retail point-of-sale terminals market is accounted to register a CAGR of 12.90% during the forecast period and is estimated to reach USD 68.3 Billion by 2032.

The retail point-of-sale terminals market is flourishing due to the increasing adoption of digital payment systems and the growth of the retail sector. Point-of-sale terminals streamline transactions, improve customer experience, and enable efficient inventory management. The market is driven by technological advancements, such as mobile and cloud-based solutions.

Segment Analysis

The global retail point-of-sale terminals market has been segmented based product, component, and application.

On the basis of product, the market is segmented into mobile and fixed. In 2022, the fixed category dominated the world market. Large-scale suppliers chose fixed POS terminals due to prohibitive procurement and installation costs, which at the time encouraged the segment's growth.

Based on component, the global retail point-of-sale terminals market has been segmented into software, hardware, and services. In 2022, the hardware category will rule the world market. The fixed POS terminal houses the majority of the system's hardware components, which also makes managing everyday activity utilising the system simpler.

Based on application, the global retail point-of-sale terminals market has been segmented into department stores, supermarkets/hypermarkets, warehouse, discount stores, specialty stores, and others. The supermarkets/hypermarkets segment dominated the global retail point-of-sale terminals market in 2022. To prevent long waiting lines and transaction delays, many retailers are switching to a simple form of transactions.

Regional Analysis

The global retail point-of-sale terminals market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Retail Point-of-Sale Terminals market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Retail Point-of-Sale Terminals market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Retail Point-of-Sale Terminals market comprises of Middle East, Africa, and Latin America.

The North America Retail point-of-sale terminals market dominated this market in 2022 (45.80%).This region is being driven by the expanding use of cloud solutions by small and medium-sized organisations. The big corporations' increased development of cloud-based POS solutions to meet the need of the rising restaurant and retail sectors has propelled the market expansion.

Moreover, in 2022, the Europe market for retail point-of-sale terminals held a sizable market share. The growth of cloud-based point-of-sale systems among retailers in the United Kingdom and the spread of comparable platforms across Europe are driving this market.

Additionally, from 2023 to 2032, the Asia Pacific retail point-of-sale terminals market is anticipated to grow significantly. Growing mPOS opportunities have been developed in countries like China, Japan, and India thanks to the area's growing usage of digital payment technologies. However, the need for fixed POS terminals from large companies to protect their corporate information and ensure the processing of enormous volumes of customer data is fostering market expansion.

Furthermore, the rest of the world's retail point-of-sale terminals market is divided into the Middle East, Africa, and Latin America. Because of the region's expanding retail industry and the rising acceptance of digital payment solutions, the Latin American retail point-of-sale (POS) terminals market is expanding steadily. The market is growing as a result of factors like government programmes that support cashless transactions and the developing e-commerce sector. VeriFone Systems Inc., Ingenico Group, and PAX Technology Inc. are significant market participants.

Key Findings of the Study

• The global retail point-of-sale terminals market is expected to reach USD 68.3 Billion by 2032, at a CAGR of 12.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the Countries like China, Japan, and India have seen an increase in mPOS potential as a result of the region's expanding use of digital payment technologies.


• Based on application, the supermarkets/hypermarkets segment was attributed to holding the largest market in 2022.


• Acrelec, AURES Group, HM Electronics, Hewlett Packard Development LP, NCR Corp., Oracle, Presto Group, Qu, Inc., Quail Digital, Revel Systems, Toast, Inc., Toshiba Corp., TouchBistro, and Xenial, Inc.