According to the research report titled ‘Global POS Terminal Market 2022-2028’, available with MarketStudyReport, global POS terminal market is anticipated to generate revenues worth USD 14,175 million by the year 2028, recording a 6.1% CAGR during the study period.

Mounting disposable income, rising demand for cashless payment solutions, and technological breakthroughs are some of the key factors driving the expansion of global POS terminal industry.

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For the uninitiated, point-of-sale (POS) terminals are a combination of software and hardware that enables retailers to accept card payments without having to upgrade existing cash registers to scan cards directly. Moreover, the merchant can calculate the amount owed by the customer, generate an invoice, and display the payment options.

This global POS terminal market report offers an in-depth analysis of the latest business scenario, current major trends, and growth drivers. The report further provides an exclusive insight into industry size, share, volume, competitive terrain, and growth rate along with the COVID=19 impact on this business sphere.

Apart from this, the document provides crucial data with respect to the multiple market segmentations such as product landscape, technology type, compliance type, end-user terrain, and regional bifurcation.

Citing the product landscape, global POS terminal market is bifurcated into mobile POS terminals and fixed POS terminals. Based on technology type, the NFC POS terminals and non-NFC POS terminals.

By compliance, the market is divided into non-EMV terminals and EMV terminals segments. With respect to the end-user terrain, the market is fragmented into healthcare, restaurant, warehouse, entertainment, hospitality, and retail.

The regional bifurcation of this business space extends to Asia Pacific, North America, Europe, and the Rest of the World.

The major companies operating in global POS terminal industry landscape are Toshiba Tec Corporation, Fujian Newland Payment Technology Co. Ltd. (Newland NPT), Shenzhen Xinguodu Technology Co. Ltd. (Xinguodu), Shenzhen Kaifa Technology Co. Ltd., Shenzhen Justtide Tech Co. Ltd., Samsung Electronics Co. Ltd., Vanstone Electronic (Beijing) Co. Ltd., PAX Global Technology Ltd., Panasonic Holdings Corporation, VeriFone Holdings Inc., New POS Technology Ltd. (NEWPOS), Shenzhen Zhengtong Electronics Co. Ltd., NEC Corporation, NCR Corporation, Ingenico Group S.A., The Hewlett-Packard Company, Diebold Nixdorf Inc., and Bluebird Inc.