The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.
POS Terminals is a computerized replacement for a cash register. The POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a restaurant, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including Entertainment, Healthcare, Hospitality, and Retail.
Increasingly, POS terminals are also Web-enabled, which makes remote training, and operation possible, as well as inventory tracking across geographically-dispersed locations.
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This report is a detailed and comprehensive analysis for global POS Terminals market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Market segment by Type
Fixed POS Terminals
Wireless POS Terminals
Mobile POS and etc.
Market segment by Application
Financial Institutions
Third-Party Payment Institutions
Other
Major players covered
Ingenico
Verifone
PAX
Newland Payment
LIANDI
Xin Guo Du
New POS Technology
Bitel
CyberNet
Castles Technology
SZZT
According to our (Global Info Research) latest study, the global POS Terminals market size was valued at USD 47820 million in 2022 and is forecast to a readjusted size of USD 182150 million by 2029 with a CAGR of 21.1% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global POS Terminals key players include Ingenico, Verifone, PAX, Newland Payment, LIANDI, etc. Global top five manufacturers hold a share over 65%.
Asia-Pacific is the largest market, with a share about 65%, followed by Europe, and North America, both have a share over 10 percent.
In terms of product, Fixed POS Terminals is the largest segment, with a share nearly 65%. And in terms of application, the largest application is Financial Institutions, followed by Third-Party Payment Institutions, etc.
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