Retail POS Terminals Market Report 2025

The retail POS terminals market size has grown rapidly in recent years. It will grow from $26.67 billion in 2024 to $29.88 billion in 2025 at a compound annual growth rate (CAGR) of 12%. The growth in the historic period can be attributed to cost reduction and affordability, enhanced analytics and reporting, retail industry evolution, integration of mobile devices, emergence of cloud-based solutions.

The retail POS terminals market size is expected to see rapid growth in the next few years. It will grow to $47.31 billion in 2029 at a compound annual growth rate (CAGR) of 12.2%. The growth in the forecast period can be attributed to enhanced user experience, e-commerce and in-store integration, adoption of subscription-based models, compliance with security standards, data analytics and personalization. Major trends in the forecast period include mobile pos expansion, subscription-based services, contactless payments, omnichannel capabilities, customization and flexibility.

The increasing prevalence of cashless payments is playing a significant role in the growth of the retail POS terminals market. Cashless payments refer to transactions made or accepted without physical cash, including payments via credit and debit cards, checks, demand drafts, national electronic funds transfers, real-time gross settlement, or any other form of online payment. In retail environments, POS terminals are utilized to process cashless payments, such as credit and debit card transactions, by using software to read the magnetic strips on cards and handle other cashless payment methods like mobile payments. For example, in September 2023, UK Finance, a UK-based financial services company, reported that in 2022, the volume of debit card payments surged to just over 23 billion transactions, an increase from 19.5 billion in 2021. Therefore, the rise in cashless payments is driving the growth of the retail POS terminals market.

The increasing demand for digital payments is anticipated to drive the growth of the retail POS terminals market in the future. Digital payments refer to transactions conducted electronically rather than using physical cash. Retail POS terminals play a vital role in the digital payments ecosystem, allowing merchants to accept a variety of payment methods, including credit cards, debit cards, and contactless payments. For example, in September 2023, UK Finance, a UK-based financial services company, reported that in 2022, the UK saw 17 billion contactless payments, up from 13.1 billion in the previous year. Therefore, the rising demand for digital payments is fueling the expansion of the retail POS terminals market.

Technological advancement stands out as a prominent trend gaining traction in the retail POS terminals market. Major companies in this market are concentrating on the development of advanced POS technology platforms to gain a competitive edge. For example, Shift4, a US-based payment processing company, launched SkyTab POS in September 2022. This next-generation POS technology encompasses state-of-the-art equipment, robust functionality, powerful management tools, and various mobile options. SkyTab facilitates comprehensive business management and enhances guest experiences in the food service industry. The Android-based software offers extensive features, including marketing tools, a loyalty program, contactless/QR code ordering and payment, mobile devices for tableside transactions, eGift cards, and more.

Key players in the retail POS terminals market are concentrating on developing innovative products, such as handheld POS systems, to secure a competitive advantage. A handheld POS (point-of-sale) system is a mobile device that enables businesses to accept payments and handle sales transactions while on the move. For instance, in September 2022, Shopify Inc., a US-based e-commerce company, introduced POS Go, which features a built-in barcode scanner, card reader, and inventory tracker specifically designed for in-person retailers. POS Go targets small and medium-sized businesses (SMBs) seeking a straightforward and cost-effective solution for payment acceptance and inventory management. It is also ideal for businesses requiring a portable POS system that can be used anywhere within the store, and it operates on Shopify's POS software, allowing merchants to manage their operations from a single platform.

In April 2022, POS Nation, a US-based provider of retail point-of-sale solutions, acquired Bottle POS in an undisclosed deal. This strategic acquisition enhances POS Nation's ability to cater to a diverse network of liquor retail customers and expands the availability of Bottle POS sales to liquor merchants seeking an industry-specific solution. Bottle POS, a US-based provider, specializes in liquor point-of-sale software.

Major companies operating in the retail pos terminals market include Epicor Software Corporation, Ingenico Group, NCR Corporation, Panasonic Corporation, PAX Technology Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, VeriFone Systems Inc., Shopify Inc., Zettle by PayPal, Block Inc., Lightspeed Commerce, Clover Network LLC, Cegid Group, Ctac N.V., Fujitsu Ltd., Casio Computer Co. Ltd, Diebold Nixdorf, Agilysys Inc., GK Software SE, Infor Inc., Aptos Inc., Toast Inc., TouchBistro Inc., Bindo Labs Inc., SumUp, Clip.

North America was the largest region in the retail POS terminals market in 2024. The regions covered in the retail pos terminals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the retail pos terminals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Retail POS terminals are the hardware and software systems used in retail outlets to process sales, accept payments, and check out customers using credit cards. These terminals allow merchants to accept multiple payment methods, including credit and debit cards, and offer additional features such as inventory management, sales reporting, and customer relationship management.

The main products in the category of retail POS terminals include fixed POS terminals, portable POS terminals, and self-service kiosks. Fixed POS terminals are positioned primarily on checkout lanes or counters for check-out applications. These terminals consist of various components, including services, software, and hardware, and find applications in department stores, warehouses, discount stores, supermarkets or hypermarkets, convenience stores, and specialty stores.

The retail POS terminals market research report is one of a series of new reports that provides retail POS terminals market statistics, including retail POS terminals industry global market size, regional shares, competitors with retail POS terminals market share, detailed retail POS terminals market segments, market trends, and opportunities, and any further data you may need to thrive in the retail POS terminals industry. This retail POS terminals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The retail POS terminals market consists of revenues earned by entities by providing counter POS systems, in-store POS systems, card and chip reader POS systems and touchscreen POS system services. The market value includes the value of related goods sold by the service provider or included within the service offering. The retail POS terminals market also includes sales of barcode scanners, credit card readers, cash drawers and receipt printers which are used in providing retail POS terminal services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.