Point of Sale (POS) Market Analysis

Type Segment Analysis

The fixed POS terminals segment is estimated to account for the largest share of 66% in the point of sale (POS) market over the discussed timeframe. Fixed POS systems are leading the market because of their dependability, complete functionality. Fixed POS can adequately and consistently manage large transaction volumes and offers a secure and stationary installation, as a requirement.  Fixed point-of-sale (POS) terminals are payment systems that are usually located at checkout counters at retail shops, supermarkets, restaurants, and other hospitality venues. Fixed POS terminals are receiving increasingly advanced technology using cloud computing and AI-based analytics that enable better inventory management, promotional, and another consumer marketing.

Application Segment Analysis  

The retail segment is poised to dominate the point of sale (POS) market with a share of 46% during the analyzed period. The retail sector leads POS revenue by organic growth through broad usage across supermarkets, department stores, and specialty shops around the world. Retailers adopt POS to simplify consumer checkout, integrate loyalty programs, offer an omnichannel experience, and consolidate inventory management. Industry experts report that omnichannel integration has sped up the use case for POS adoption in retail faster than any other industry.

Component Segment Analysis  

Hardware continues to be the most significant category because of the needed devices such as terminals, scanners, printers, and cash drawers. These hardware components are necessary to capture transactions. Moreover, they have much higher upfront costs relative to software. In addition, market analysts mention that organizations continue to focus on strong, secure hardware to guarantee transaction performance and prevent fraud in carefully regulated markets.

Our in-depth analysis of the market includes the following segments: