As cited by the research report titled ‘Point of Sale (POS) Terminals Market Size By Product (Mobile, Fixed), By Component (Hardware, Software, Service), By Technology (Biometric, Traditional), By Operating System (Windows, Linux, MAC), By Application (Restaurants, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment), COVID19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 - 2027’, available with Market Study Report, global point of sale (POS) terminals market size is projected to expand significantly over 2021-2027.

Increasing prominence of digital transactions across several verticals is a major factor driving the global point of sale (POS) terminals market growth. Since the outbreak of Covid-19 pandemic, in-person transactions constitute a risk of exposure to the virus, which has urged businesses to extend their digital offerings and consumers to increasingly opt for online payments, resulting into a surge in digital activity with boost in the demand for POS terminals, thereby augmenting the industry outlook.
 

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Based on product, worldwide point of sale (POS) terminals industry is segmented into mobile, and fixed. Among these, mobile segment is likely to witness considerable growth through 2027, owing to emergence of mobile wallet technology, which is set to propel the adoption of mobile POS terminals across various business verticals in the upcoming years.
 

Considering component range, the marketplace is segmented into software, hardware, and service, wherein the lattermost segment is anticipated to showcase lucrative growth trends over the analysis period. This can be credited to inclination for efficient operations of POS terminals leading to increased demand for maintenance & support services.
 

Speaking of technology ambit, the business space is categorized into biometric, and traditional. Of these, biometric technology segment is expected to grow substantially over the estimated timeline, owing to enhanced security need during transactions.
 

On the basis of operating system, the industry space is classified into MAC, Linux, and Windows. As cited in the report, MAC OS segment is speculated to record significant growth through 2027, on account of more security and stability offered by this operating system as compared to Windows.
 

Moving on to application spectrum, hospitality segment is poised to observe considerable growth over the study duration, on account of growing focus on improving customer service, and making payment transactions more convenient.
 

Considering the regional framework, Middle East & Africa point of sale (POS) terminals market is poised to amass notable returns over the forecast duration, owing to collective preference for digital transactions. In addition, constant efforts to embrace digital payments and minimize the frequency of cash transactions are aiding the market expansion in the region.
 

Prominent players influencing the industry dynamics are Verifone Holdings Inc., Touch Dynamic Inc., Toshiba Corporation, Square Inc., Samsung Electronics Co. Ltd., Posiflex Technology Inc., PAX Technology Inc., PAR Technology Corporation, Panasonic Corporation, New POS Technology Limited, NEC Corporation, NCR Corporation, Micros Systems Inc., Ingenico Group, Fujian Newland Payment Technology Co. Ltd., Diebold Nixdorf, Castles Technology Co. Ltd., Bematech SA, BBPOS Ltd., and AURES Group.