Retail Point of Sale (POS) Terminals Market
By Product;
Mobile and FixedBy Component;
Hardware, Software and ServicesBy Deployment;
Cloud and On-PremiseBy Application;
Department Stores, Supermarkets/Hypermarkets, Warehouses, Convenience Stores, Discount Stores, Specialty Stores and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Retail POS Terminals Market Overview
Retail POS Terminals Market (USD Million)
Retail POS Terminals Market was valued at USD 31,315.82 million in the year 2024. The size of this market is expected to increase to USD 70,099.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 12.2%.
Retail Point of Sale (POS) Terminals Market
*Market size in USD million
CAGR 12.2 %
Study Period | 2025 - 2031 |
---|---|
Base Year | 2024 |
CAGR (%) | 12.2 % |
Market Size (2024) | USD 31,315.82 Million |
Market Size (2031) | USD 70,099.33 Million |
Market Concentration | Low |
Report Pages | 357 |
Major Players
- AURES Technologies SA
- BBPOS Limited
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Ingenico Group
- Micros Systems, Inc.
- NCR Corporation
- NEC Corporation
- New POS Technology Limited
- Newland Payment Technology
- Panasonic Corporation
- Pax Technology Inc.
- Posiflex Technology, Inc.
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Touch Dynamic
- VeriFone Holdings, Inc.
- Squirrel Systems
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Retail Point of Sale (POS) Terminals Market
Fragmented - Highly competitive market without dominant players
The Retail POS Terminals Market is evolving rapidly with the help of technological innovations that streamline retail transactions. Over 65% of retailers have transitioned to digital and contactless POS systems, demonstrating a strong move toward improved security and faster checkout processes. These advanced systems are central to operational upgrades, supporting market growth through enhanced service and innovation.
Omnichannel Strategies Creating Market Opportunities
With more than 58% of retailers adopting omnichannel solutions, the integration of POS terminals with digital platforms has become vital. This creates immense opportunities by enabling seamless coordination between online and offline retail activities. Retailers are using this approach to improve customer experience, strengthen collaboration, and optimize workflows, driving continued expansion in the market.
Growth Through Strategic Alliances and Integrations
The Retail POS Terminals Market is witnessing rising collaborations and strategic integrations, with 60% of vendors aligning with software firms to enhance compatibility. These strategies help unify operations across CRM and ERP systems, allowing real-time analytics and boosting operational agility. Partnerships and mergers are becoming key enablers of sustained market growth and smart infrastructure development.
Hardware Innovation and Payment Adaptability
Advanced hardware solutions and support for multiple payment types are reshaping the retail checkout experience. About 62% of new installations include mobile and biometric POS units, enabling faster, more secure transactions. This focus on technological advancements drives both operational improvements and future-ready retail solutions, aligning with customer demands for payment versatility and service efficiency.
Retail POS Terminals Market Recent Developments
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In April 2023, Verifone unveiled a new line of retail POS terminals with integrated contactless payment options, enhancing customer experience and transaction speed.
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In September 2021, Ingenico introduced the AXIUM DX8000, a versatile POS terminal combining payment processing and business management tools, catering to the evolving needs of retailers.
Retail POS Terminals Market Segment Analysis
In this report, the Retail POS Terminals Market has been segmented by Product, Component, Deployment, Application, and Geography.
Retail POS Terminals Market, Segmentation by Product
The Retail POS Terminals Market has been segmented by Product into Mobile and Fixed.
Mobile
Mobile POS terminals are gaining momentum in retail environments due to their flexibility and mobility. They account for approximately 42% of the total market, empowering staff to complete transactions anywhere within the store. This sub-segment is favored in fast-paced settings like QSRs and pop-up stores.
Fixed
Fixed POS terminals remain widely used in traditional retail setups, contributing nearly 58% of the market. Their reliability and integration with inventory and billing systems make them the backbone of brick-and-mortar outlets. They're particularly dominant in supermarkets and departmental stores.
Retail POS Terminals Market, Segmentation by Component
The Retail POS Terminals Market has been segmented by Component into Hardware, Software, and Services.
Hardware
Hardware forms the largest component, constituting around 48% of the market. This includes terminals, cash drawers, printers, and barcode scanners—essential for transaction processing in physical retail spaces. Demand is increasing as retailers modernize their infrastructure.
Software
Software accounts for about 33% of the market, with solutions supporting inventory tracking, CRM, and analytics. Cloud-based POS software is witnessing faster adoption, especially in multi-store environments for real-time data access.
Services
Services such as installation, maintenance, and support contribute the remaining 19%. These offerings are crucial for system integration and uptime, particularly in large-scale retail chains relying on uninterrupted POS operations.
Retail POS Terminals Market, Segmentation by Deployment
The Retail POS Terminals Market has been segmented by Deployment into Cloud and On-Premise.
Cloud
Cloud-based POS systems represent nearly 62% of the market, driven by their scalability, remote access, and ease of updates. These solutions are especially popular among SMBs seeking low upfront investments and centralized data access.
On-Premise
On-premise deployment continues to hold a 38% share, preferred by retailers with stringent data control and security needs. While less flexible, these systems offer deep customization and are used by large enterprises with dedicated IT teams.
Retail POS Terminals Market, Segmentation by Application
The Retail POS Terminals Market has been segmented by Application into Department Stores, Supermarkets/Hypermarkets, Warehouses, Convenience Stores, Discount Stores, Specialty Stores, and Others.
Department Stores
Department stores contribute about 18% of the market, leveraging POS systems for multi-department integration. These systems help manage diverse product categories and support features like customer profiling and loyalty programs.
Supermarkets/Hypermarkets
This segment holds the largest share at 27%, requiring high-speed, durable POS terminals for quick checkout and inventory automation. Integration with supply chain and promotions is vital for operational efficiency.
Warehouses
Warehouses account for approximately 9%, utilizing POS mainly for stock management and dispatch operations. These systems streamline order fulfillment and track inventory movements in real time.
Convenience Stores
Making up 12% of the market, convenience stores deploy compact POS systems for rapid transactions and low-cost implementation. Features such as mobile payments and shift-based access control are common here.
Discount Stores
Discount stores represent about 11% of the market, focusing on cost-effective yet scalable POS setups. These solutions enable fast billing, item-level discounting, and dynamic pricing updates.
Specialty Stores
Specialty stores contribute nearly 15%, relying on POS solutions for inventory precision and customer personalization. Integration with eCommerce platforms and targeted promotions is vital in this segment.
Others
The remaining 8% includes kiosks, pop-up shops, and multi-channel setups, where POS terminals ensure seamless omnichannel retailing. These are typically lightweight, cloud-based, and optimized for event-based selling.
Retail POS Terminals Market, Segmentation by Geography
In this report, the Retail POS Terminals Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
Retail POS Terminals Market Share (%), by Geographical Region
North America
North America dominates the market with a 35% share, led by early adoption of digital POS systems and extensive usage in multi-channel retail setups. The U.S. remains the largest contributor, driven by advanced retail infrastructure and cloud penetration.
Europe
Europe follows with a market share of approximately 25%. Countries like the UK, Germany, and France show strong demand for cloud-enabled, GDPR-compliant POS systems especially in chain retail, hospitality, and specialty stores.
Asia Pacific
Asia Pacific holds nearly 22% of the market, with rapid digitization in emerging economies such as India and Southeast Asia. The region is witnessing a POS boom due to growing urban retail outlets and eCommerce integration.
Middle East & Africa
This region contributes 10%, with rising adoption in the UAE, Saudi Arabia, and South Africa. Demand is driven by smart city initiatives and tourism retail, with growing usage of mobile and self-service POS technologies.
Latin America
Latin America makes up 8% of the market, led by Brazil and Mexico. Local retail businesses are increasingly adopting affordable POS solutions to enhance sales tracking and streamline payment processing.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Retail POS Terminals Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers, Restraints and Opportunity
Drivers :
- Digital payment solutions
- Cloud-based POS systems
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Omnichannel retailing - Omnichannel retailing represents a strategic approach that integrates multiple sales channels—both digital and physical—into a unified shopping experience for consumers. Unlike traditional retail models where online and offline channels operate independently, omnichannel retailing aims to provide seamless, consistent, and personalized interactions across all touchpoints, including e-commerce websites, mobile apps, social media platforms, brick-and-mortar stores, and customer service centers.
At the heart of omnichannel retailing is the idea of meeting customers wherever they are in their shopping journey and allowing them to switch between channels effortlessly. For instance, a customer may browse products online, visit a physical store to try them out, and then complete the purchase through a mobile app or website. Omnichannel strategies leverage technology such as POS systems, inventory management software, CRM systems, and analytics tools to synchronize inventory, pricing, promotions, and customer data across all channels in real time.
Key benefits of omnichannel retailing include enhanced customer satisfaction and loyalty through consistent brand experiences, improved operational efficiency by optimizing inventory management and fulfillment processes, and increased sales opportunities through cross-channel promotions and personalized marketing campaigns. By providing a seamless shopping experience, retailers can capture valuable insights into customer behavior, preferences, and purchasing patterns, enabling them to tailor their offerings and marketing strategies more effectively.
Successful implementation of omnichannel retailing requires a robust infrastructure capable of supporting integrated data flows, scalable technology solutions that can adapt to evolving consumer expectations, and a customer-centric approach that prioritizes convenience, transparency, and engagement. As consumer behaviors continue to evolve and digital technologies advance, omnichannel retailing remains a critical strategy for retailers looking to differentiate themselves, drive growth, and stay competitive in a dynamic and interconnected retail landscape.
Restraints :
- Initial setup costs
- Integration complexities
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Security vulnerabilities - Security vulnerabilities in the context of retail POS systems represent critical risks that can compromise customer data, financial transactions, and the overall integrity of retail operations. These vulnerabilities encompass various aspects of POS technology and infrastructure, posing significant challenges to retailers and necessitating proactive measures to mitigate risks and safeguard sensitive information.
One of the primary security vulnerabilities is related to malware and cyber attacks targeting POS terminals. Malicious software, such as RAM-scraping malware, can infiltrate POS systems to capture sensitive payment card information (PCI), including credit card numbers and authentication data, during transaction processing. These attacks exploit vulnerabilities in POS software or operating systems, often through phishing emails, unsecured networks, or outdated security patches, posing a serious threat to customer privacy and regulatory compliance.
Another key vulnerability lies in weak authentication and access controls within POS systems. Inadequate password management, default configurations, or insufficient user permissions can allow unauthorized individuals to gain access to POS terminals, compromising data integrity and increasing the risk of internal fraud or malicious activities. Strengthening authentication mechanisms, enforcing least privilege access policies, and implementing multi-factor authentication (MFA) can mitigate these vulnerabilities and enhance POS system security.
Physical security risks also play a significant role, particularly in protecting POS terminals from theft, tampering, or unauthorized access. Unsecured POS devices in retail environments, such as exposed terminals at checkout counters or mobile devices used for transactions, can be vulnerable to physical attacks or tampering attempts aimed at compromising hardware integrity or installing malicious devices (e.g., skimmers) to intercept payment information.
Opportunities :
- Emerging markets
- Adoption of mobile POS solutions
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Integration with e-commerce platforms - Integration between retail POS systems and e-commerce platforms is crucial for enabling seamless omnichannel experiences and enhancing operational efficiency in retail environments. This integration allows retailers to synchronize inventory, pricing, customer data, and promotional activities across both online and offline sales channels, creating a unified shopping experience for customers and optimizing internal processes.
At the core of integration with e-commerce platforms is the synchronization of product information and inventory levels. Retailers can ensure that product catalogs, including descriptions, images, and pricing, are consistent across all channels, enabling customers to access accurate and up-to-date information regardless of how they choose to shop. This synchronization helps prevent discrepancies in product availability and pricing, reducing instances of out-of-stock situations and improving customer satisfaction.
Integration also facilitates seamless order management and fulfillment processes. When a customer places an order online, the integrated POS system can automatically update inventory levels in real time, reserve items for fulfillment, and trigger notifications for in-store pickup or shipment. This capability enables retailers to fulfill orders efficiently from the nearest store location with available inventory, optimizing logistics and reducing delivery times.
Integration with e-commerce platforms supports unified customer profiles and personalized experiences. By consolidating customer data from online purchases and in-store interactions, retailers can gain insights into customer preferences, purchase history, and shopping behaviors. This information enables targeted marketing campaigns, personalized recommendations, and loyalty programs that enhance customer engagement and drive repeat business.
Competitive Landscape Analysis
Key players in Global Retail POS Terminals Market include :
- AURES Technologies SA
- BBPOS Limited
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Ingenico Group
- Micros Systems, Inc.
- NCR Corporation
- NEC Corporation
- New POS Technology Limited
- Newland Payment Technology
- Panasonic Corporation
- Pax Technology Inc.
- Posiflex Technology, Inc.
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Touch Dynamic
- VeriFone Holdings, Inc.
- Squirrel Systems
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Component
- Market Snapshot, By Deployment
- Market Snapshot, By Application
- Market Snapshot, By Region
- Retail POS Terminals Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Digital payment solutions
- Cloud-based POS systems
- Omnichannel retailing
- Restraints
- Initial setup costs
- Integration complexities
- Security vulnerabilities
- Opportunities
- Emerging markets
- Adoption of mobile POS solutions
- Integration with e-commerce platforms
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Retail POS Terminals Market, By Product, 2021 - 2031 (USD Million)
- Mobile
- Fixed
- Retail POS Terminals Market, By Component, 2021 - 2031 (USD Million)
- Hardware
- Software
- Services
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Retail POS Terminals Market, By Deployment, 2021 - 2031 (USD Million)
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Cloud
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On-Premise
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- Retail POS Terminals Market, By Application, 2021 - 2031 (USD Million)
- Department Stores
- Supermarkets/Hypermarkets
- Warehouses
- Convenience Stores
- Discount Stores
- Specialty Stores
- Other
- Retail POS Terminals Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- North America
- Retail POS Terminals Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AURES Technologies SA
- BBPOS Limited
- Cisco Systems Inc.
- Hewlett Packard Enterprise Company
- Ingenico Group
- Micros Systems, Inc.
- NCR Corporation
- NEC Corporation
- New POS Technology Limited
- Newland Payment Technology
- Panasonic Corporation
- Pax Technology Inc.
- Posiflex Technology, Inc.
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Touch Dynamic
- VeriFone Holdings, Inc.
- Squirrel Systems
- Company Profiles
- Analyst Views
- Future Outlook of the Market