Point-of-Sale (POS) Terminals Market Expected to Reach US$ 26.04 Billion by 2026

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y 2026.The growing adoption of mobile POS in retail and hospitality sector has emerged as the most significant growth driver for the POS terminals market. In 2016, North America contributed the largest market revenue share, at over 32% of the overall global market. Further, significant demand for POS terminals from the retail and hospitality sectors is expected to create a lucrative market across Asia Pacific.
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Enhanced customer experience and low total cost of ownership (TCO) as compared to conventional channels of payment
In the global POS terminals market, enhanced customer experience and low total cost of ownership (TCO) as compared to conventional channels of payment is expected to drive the market over the forecast period. POS end-users are replacing their traditional fixed POS terminals with advanced mobile and portable POS solutions; this in turn is expected to drive the demand for wireless and mobile POS solutions. Furthermore, introduction and adoption of multimodal payment systems such as cashless and card payment systems are expected to create remarkable market opportunities for players active in the global POS terminal market.
Fixed POS terminals was the largest segment in terms of revenue in 2016 and accounted for over 86% revenue share of the total market due to the early adoption of technology. Adoption of wireless and mobile POS has increased significantly in recent years because of the ease of use, mobility, and lower total cost of ownership as compared to traditional POS terminals. Mobile POS terminals see significant demand from small and medium sized businesses due to their affordable initial cost compared to fixed POS terminals and growing preference for tablets and smartphones at workplaces and in business. Retail sector was the largest end-use industry for POS terminals in 2016, holding a share of around 32% of the total market. 

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