Point-of-Sale (POS) Terminals Market Size, Share, Trends, & Industry Analysis Report
By Component (Hardware, Software), By Type, By Deployment, By Application, By Region – Market Forecast, 2025–2034
- Published Date:Oct-2025
- Pages: 122
- Format: PDF
- Report ID: PM1021
- Base Year: 2024
- Historical Data: 2020-2023
What is Point-of-Sale (POS) Terminal Market Size?
The global point-of-sale (POS) terminals market was valued at USD 115.72 billion in 2024 and is expected to grow at a CAGR of 8.3% during the forecast period. The growth is driven by growing adoption of digital payments and expansion of the retail sector.
Key Insights
- The cloud segment is expected to witness significant growth during the forecast period due to rising SaaS technology usage and software integration.
- The hardware dominated with largest share in 2024 due to rising demand for hardware for registering transaction details.
- North America dominated with largest share in 2024 as the region has a well-established retail industry.
- Asia Pacific is projected to accounted for a significant share in the global market driven by increasing adoption of digital payments and the rapid growth of e-commerce.
Industry Dynamics
- The growing adoption of digital payment is fueling the market growth.
- The growth of the retail and hospitality industries is driving the growth.
- The technological advancement is boosting the industry growth.
- High initial setup costs and concerns over data security limits the growth.
Market Statistics
- 2024 Market Size: USD 115.72 Billion
- 2034 Projected Market Size: USD 256.75 Billion
- CAGR (2025-2034): 8.3%
- Largest Market: North America
Impact of AI on Industry
- Enables personalized customer experience by analyzing customer data.
- Enable forecasting of demand, track stock levels in real-time, and automate reordering, and reduce stockouts or overstocking.
- AI-driven self-checkout systems and facial recognition reduce human interaction and speed up payment processes.
 Terminals market.png)
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POS terminals combine hardware and software components for processing card payments. They capture, store, and report income, sales, and customer data. POS terminals receive customer information from credit or debit cards and check for the availability of sufficient funds. Funds are transferred from customers' accounts to vendors' accounts, followed by a recording of transactions and generation of receipts. POS terminals also offer services such as tracking customer orders, inventory management, sales analysis, and office management. The hardware components of POS terminals commonly include computers, receipt printers, bar code scanners, magnetic strip readers, and cash drawers. Several POS machines can be connected to a single computer or a server. The software components of POS machines are responsible for the authorization of debit and credit card purchases, making changes for cash transactions, and management of stocks in inventories. POS machines can be easily upgraded as opposed to a traditional cash register. POS terminals enhance efficiency and improve the customer experience while saving significant time and resources
The utilization of POS terminals has risen steadily due to the growing demand for digital payments, the increasing accessibility of the internet, and the decreasing costs of mobile devices. The exponential increase in e-commerce transactions and technological advancements further propels the Point-of-Sale (POS) Terminals market growth. One such technology is cloud-based point-of-sale systems that provide data accessibility via web browsers while remaining compatible with hardware components such as printers and cash registers, thus encouraging businesses to adopt POS terminals. Additionally, POS terminals are equipped with electronic signature capture technology to enable paperless transactions through digital receipts. Integrating POS terminals across various industries like retail, hospitality, healthcare, restaurants, and entertainment to simplify transactions and enhance customer experience also contributes to the market's growth. However, concerns about security and privacy regarding sensitive customer data hinder the market's growth. Nevertheless, integrating personal identification numbers (PINs) and chip-embedded payment solutions are expected to reduce the risk of data theft.
Industry Dynamics
What Factors are Driving the POS Terminal Market Size?
There is a growing need for businesses to have POS terminals to accept digital payments as consumers shift away from cash and towards electronic payments. This has led companies focus on efficient and reliable payment processing systems with the growth of these industries. There is also growing demand for mobile and cloud-based POS terminals with the rise of e-commerce and the need for contactless payment options due to the COVID-19 pandemic. Companies turn to POS terminals to process transactions faster and more efficiently as they look to improve their operations and reduce costs. Moreover, the growth of new payment technologies like digital wallets, is driving the demand for POS terminal for businesses that accept these types of payments.
The demand for point-of-sale terminals is steadily increasing due to the growth of the retail and hospitality industries, the increasing adoption of electronic payments, and the need for faster and more efficient transaction processing. The demand for contactless payment options has increased due to rising digitilization, which is fueling the demand for mobile and cloud-based POS terminals. The need for secure payment processing has also contributed to the demand for POS terminals as businesses seek to protect themselves and their customers from fraud and data breaches. The market for POS terminals is expected to continue growing as the use of electronic payments, and the adoption of new payment technologies continue to increase.
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Report Segmentation
The market is primarily segmented based on component, type, deployment, application, and region.
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By Component |
By Type |
By Deployment |
By Application |
By Region |
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Which Segment by Component Dominated the Market?
The hardware segment held the largest revenue share in 2024. The hardware for registering transaction details includes EFT-POS machines, barcode scanners, network devices, receipt printers, cash drawers, monitors, and tablets. expansion of the digital payment method backed by rising smartphone and internet penetration is fueling the demand for the hardwares. Moreover, growing retail sector globally is further fueling the demand for the hardware such as barcode scanner, reciept printers, and monitors, thereby driving the segment growth.
Why Cloud-Based Segment is Expected to Witness Significant Growth?
The cloud based segment is expected to witness significant growth during the forecast period due to its flexibility and cost effectiveness. Cloud-based deployment offers remote accessibility through which businesses are able to access sales, inventory, and customer data from anywhere. This remote accessibility reduces the upfront cost of expensive hardware and IT infrastructure, which in turn is driving its adoption among SMEs and large enterprises. Moreover, cloud deployment are easily scaled with additions of terminals or new locations which further drives the demand, thereby driving the segment growth.
 Terminals Market seg.png)
How North America Captured Largest Market Share in 2024?
North America dominated with largest share in 2024 as the region has a well-established retail industry, a high adoption rate of new technologies, and a strong economy, which makes it an attractive market for POS terminal vendors. The healthcare industry in North America are also adopting POS terminals for various purposes, such as collecting patient payments, managing appointments, and billing insurance companies. The growing need for efficient and streamlined processes in the healthcare industry is expected to drive the demand for POS terminals in the region. Moreover, the increasing adoption of digital payments and the shift towards cashless transactions in North America is driving the growth of the POS terminals market.
What are the Reasons for Asia Pacific's Significant Growth?
The Asia Pacific region is expected to witness significant growth in the forecast period due to the increasing adoption of digital payments and the rapid growth of e-commerce. The Asia Pacific region is home to several emerging economies, including India, China, and Southeast Asian countries, with large populations and a growing middle class. These factors are driving the demand for retail and e-commerce businesses, which, in turn, is fueling the demand for POS terminals. In addition, the governments in the Asia Pacific region are taking initiatives to promote cashless transactions and digital payments. For instance, the government has launched several initiatives in India, including the Digital India program and the Unified Payments Interface (UPI), to encourage digital payments. Such initiatives are expected to create a favorable environment for the growth of the POS terminals market in the region.
 Terminals Market reg.png)
Competitive Insight
The Market is highly competitive and includes several key players. Some prominent players in the Market include Verifone Systems, Inc., Ingenico Group, PAX Technology, Toshiba Corporation, NCR Corporation, Diebold Nixdorf, Inc., Square, Inc., Panasonic Corporation, Hewlett-Packard Development Company, L.P., NEC Corporation.
Recent Developments
- October 2025, Zoho launched its Zoho Payments Point-of-Sale (POS) devices to enter the payment hardware market, marking a major step in its fintech strategy and enabling B2B merchants to accept in-person payments integrated with its digital ecosystem.
- January 2025, Posiflex unveiled its latest AI-enabled POS and kiosk solutions at EuroCIS 2025, showcasing cashier-less retail innovations, intelligent scales, and multilingual voice-interaction kiosks to enhance retail and food service efficiency, customer experience, and operational performance globally.
- August 2022, GK Software announced that it would extend its partnership with the Schwarz Group and collaborate with them over the next few years to migrate its point-of-sale software to the CLOUD4RETAIL open platform.
- March 2021, Boyne Resorts adopted Agilysys' point-of-sale and cloud solutions to enable contactless food and beverage orders
Point-of-Sale (POS) Terminals Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 115.72 billion |
| Market size value in 2025 | USD 125.12 billion |
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Revenue forecast in 2034 |
USD 256.75 billion |
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CAGR |
8.3% from 2025 - 2034 |
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Base year |
2024 |
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Historical data |
2020 - 2023 |
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Forecast period |
2025 - 2034 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2034 |
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Segments covered |
By Component, By Type, By Deployment, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Verifone Systems, Inc., Ingenico Group, PAX Technology, Toshiba Corporation, NCR Corporation, Diebold Nixdorf, Inc., Square, Inc., Panasonic Corporation, Hewlett-Packard Development Company, L.P., NEC Corporation. |
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FAQ's
The global Point-of-Sale (POS) Terminals market size is expected to reach USD 256.75 billion by 2034
Verifone Systems, Inc., Ingenico Group, PAX Technology, Toshiba Corporation, NCR Corporation, Diebold Nixdorf, Inc., Square, Inc., Panasonic Corporation re the top market players in the market
The Asia Pacific contribute notably towards the global Point-of-Sale (POS) Terminals market
The global Point-of-Sale (POS) Terminals market expected to grow at a CAGR of 8.3% during the forecast period
The Point-of-Sale (POS) Terminals Market report covering key segments are fcomponent, type, deployment, application, and region.
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