AI

Market Analysis

The global point-of-sale (POS) market is expected to grow from USD 25.28 billion in 2022 to USD 81.15 billion by 2030, at a CAGR of 15.8%. The market is being driven by the increasing adoption of cloud-based POS systems, mobile POS, and contactless payments.

The POS market is segmented by type, application, and end-user.

By type, the market is segmented into:

  • Hardware: POS computers, tablets, mobile POS terminals, self-service kiosks, and kitchen display systems (KDS).
  • Software: POS software, inventory management software, customer relationship management (CRM) software, and reporting software.

By application, the market is segmented into:

  • Retail: Supermarkets, convenience stores, department stores, and specialty stores.
  • Restaurants: Quick-service restaurants (QSRs), fast-casual restaurants, and full-service restaurants.
  • Others: Healthcare, hospitality, and entertainment.

By end-user, the market is segmented into:

  • Small and medium-sized enterprises (SMEs): Retail stores, restaurants, and other small businesses.
  • Large enterprises: Multinational corporations and other large businesses.

The cloud-based POS segment is expected to grow at the fastest CAGR during the forecast period. This is due to the increasing demand for cloud-based solutions that offer flexibility, scalability, and security.

The mobile POS segment is also expected to grow at a significant CAGR during the forecast period. This is due to the increasing adoption of mobile devices and the need for businesses to be able to accept payments and process orders from anywhere.

The contactless payments segment is expected to grow at a rapid pace during the forecast period. This is due to the increasing popularity of contactless payment methods, such as NFC and QR codes.

The Asia Pacific region is expected to be the fastest-growing region during the forecast period. This is due to the growing economies in the region and the increasing adoption of POS systems by businesses of all sizes.

The key players in the POS market include Square, Shopify POS, Lightspeed POS, Toast, Clover POS, and NCR.

Overall, the POS market is expected to grow significantly during the forecast period. This is due to the increasing adoption of cloud-based POS systems, mobile POS, and contactless payments.