Market Overview

The international market for point-of-sale terminals was valued at US$85.16 billion in 2021 and is expected to grow at an annual rate of 8.5 percent from 2022 to 2030. Due to the supply chain, disruptions and loss of revenue for end users; The COVID-19 pandemic will negatively affect the overall market development in 2020. Still, as the intensity of the virus subsided, some consumer sectors began adopting cashless and contactless payment methods.

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market segmentation

The development of the Point of Sale (PoS) Terminal Market is determined by the development of the following market segments:

By component

This department works with Point of Sale (POS) hardware, software and services.

By type

mPOS, Smart POS, Portable Countertop plus PIN Pad as well as a Smart Mobile Dongle and Compact POS are among the available types of point of sale terminals.

By Industry

The home delivery and service sectors, retail, medical and hospitality, taxi and transportation, sports, entertainment and media all make up the branch component of the point-of-sale terminal industry.

Regional classification

The market is segmented into four major regions based on the international markets of the Point of Sale Terminals market and the global distribution of audiences. For the projected period of 2017 to 2023, the North American market is expected to have good growth potential and help the market to reach the largest market size for point-of-sale terminals. The point-of-sale terminals market is home to the increasing modernization of the payment industry and a wide range of business-specific solutions.

Another factor that will help the market gain a foothold in the international competition is that wireless PoS terminals are widely used and implemented in various industries including hospitality, medical, healthcare, retail and entertainment. EMC is one of…