POS Solutions Market was valued at USD 22.53 Billion in 2022 and is projected to reach USD 36.96 Billion by 2030, growing at a CAGR of 6.73% from 2024 to 2030.
The Point-of-Sale (POS) solutions market has experienced significant growth from 2018 to 2022, with projections indicating even more substantial demand between 2023 and 2033. This article delves into the market's evolution, highlighting key statistics and trends that underscore its expansion.
Between 2018 and 2022, the global POS systems market was valued at approximately USD 9.37 billion in 2022, with projections to reach USD 10.91 billion by 2029. This growth trajectory reflects the increasing adoption of POS solutions across various industries. The Asia Pacific region, in particular, dominated the market in 2022, accounting for over 33% of the total revenue share, and is anticipated to register a rapid Compound Annual Growth Rate (CAGR) of 9.6% from 2023 to 2030.
Looking ahead, the global POS terminals market is expected to expand from USD 92.2 billion in 2023 to approximately USD 234.8 billion by 2033, exhibiting a CAGR of 9.8% over the forecast period. This surge is driven by the escalating demand for electronic devices in retail and hospitality sectors to process card payments efficiently. Additionally, the global POS software market size, valued at USD 11.99 billion in 2022, is estimated to register a CAGR of 10.8% from 2023 to 2030, underscoring the increasing need for businesses to conduct cashless transactions and maintain track of sales and inventory data.
In my experience working with various retail clients, the shift towards mobile POS solutions has been particularly noteworthy. Businesses are increasingly adopting mobile POS terminals to facilitate payments from any part of the store, enhancing customer experience and operational efficiency. This trend is expected to continue, with the mobile POS segment projected to register the fastest CAGR from 2023 to 2030.
Furthermore, the U.S. restaurant point-of-sale solutions market, valued at USD 5.91 billion in 2022, is anticipated to grow at a CAGR of 6.9% from 2023 to 2030. This growth can be attributed to the proliferation of food delivery apps integrated with restaurant POS solutions and the growing demand for cloud-based mobile POS solutions.
In summary, the POS solutions market has demonstrated robust growth from 2018 to 2022, with forecasts indicating a continued upward trajectory from 2023 to 2033. The increasing adoption of mobile and cloud-based POS solutions, coupled with the rising demand for efficient transaction processing systems across various industries, are key drivers of this expansion.
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NEWPOS Tech
Oracle
NCR Corporation
Toast
Inc.
Block
Clover Network
Revel Systems
Lightspeed Restaurant
PayPal
eHopper
TouchBistro
Lavu
SkyTab
SumUp
Shopify
Infor
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global POS Solutions Market
Large Enterprises
SMEs
Based on Types the Market is categorized into Below types that held the largest POS Solutions market share In 2023.
Cloud Based
On-Premise
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global POS Solutions Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global POS Solutions Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global POS Solutions Market, By Type
6. Global POS Solutions Market, By Application
7. Global POS Solutions Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global POS Solutions Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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