The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Surging cashless payments are likely to promote innovation in the production of retail POS terminals, boosting the market over the forecast period.

The global retail POS terminals market is expected to grow from $21.54 billion in 2022 to $24.20 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The market is expected to reach $37.56 billion in 2027 at a CAGR of 11.6%.

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Global Retail POS terminals Market Segments Include:

• By Product: Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks
• By Component: Services, Software, Hardware
• By Application: Department Stores, Warehouse, Discount Stores, Supermarkets Or Hypermarkets, Convenience, Speciality Stores
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global retail POS terminals market in 2021.

Major Market Players in the retail POS terminals market include Cisco Systems Inc., Epicor Software Corporation, Hewlett-Packard Company, Ingenico Group, NCR Corporation, Panasonic Corporation, PAX Technology Inc.

The primary trend gaining traction in the retail POS terminals market is technological innovation. To achieve a competitive advantage in the retail POS terminals industry, major corporations are working on developing innovative POS technology platforms. For example, in September 2022, Shift4, a payment processing firm based in the United States, debuted SkyTab POS, a next-generation point-of-sale (POS) solution that includes cutting-edge equipment, robust functionality, powerful management tools, and a variety of mobile alternatives. SkyTab, a cutting-edge, all-in-one technology platform, enables restaurant owners to manage all aspects of their business while providing exceptional guest experiences. SkyTab’s Android software includes a plethora of capabilities that can help modernise and empower food service companies.

The Retail POS Terminals Global Market Report 2023  provides a retail POS terminals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail POS terminals market forecast analyzes retail POS terminals market size, retail POS terminals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Retail POS terminals are the hardware and software that allow retailers to take credit cards in order to make sales, accept payments, and check out consumers.

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