Retail POS Terminals Market Analysis, Segments, Growth and Value Chain 2026

Retail POS Terminals Market Analysis, Segments, Growth and Value Chain 2026

The retail POS terminals market report encompasses an in-depth analysis of the business space in question. All the growth facilitators responsible for furling the revenue scope of this industry are mentioned in the study in conjunction with the competitive and geographical trends characterizing this business. Some of the very pivotal parameters encompassed in the report fall along the lines of industry segmentation, industry ecosystem analysis, vendor matrix, and industry insights.

The retail POS terminals market is expected to gain significant growth impetus in coming years owing to the rising adoption of digital payment technologies in the retail sector. The growing trend of cashless transactions amongst government organizations is further expected to drive the demand for POS terminals. The industry is recording a rising demand for point-of-sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions. This equipment further enables fast transactions, thereby eliminating the issue of long customer queues seen at payment counters. The convenience they bring to customers and retailers will drive the demand for POS terminals in the retail sector.

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In terms of application, the demand for point-of-sale terminals from convenience stores, to offer customers an effective checkout process, automate & track fluctuating prices, streamline inventory management, is being observed. It is noted that convenience stores typically opt for mPOS devices owing to their flexibility, low cost, and convenience in carrying out payment transactions. Moreover, the increasing need to effectively enhance customer engagement and streamline operations has further encouraged various store owners to adopt advanced payment devices. For example, 7-Eleven, a U.S.-based convenience store chain deployed mPOS terminals of NEC Corporation across approximately 8,600 stores in Canada and the U.S., in January 2017.

Increasing adoption of contactless payment technologies like Google Pay and Apple Pay is likely to drive the retail POS terminals market. With the rising adoption of such payment technologies, several countries are passing regulations that streamlines and supports the adoption of these technologies. In fact, in 2019, the Ministry of Urban Development in India, launched the national common mobility card (NCMC), an innovative open loop payment card that can be used to pay for all local travel needs across the country, the card contains a regular debit card that can be used at any ATM to withdraw cash, and a local wallet that can be used to make contactless payments. Such initiatives are likely to lay the groundwork for market growth.

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On the geographical front, Asia-Pacific retail POS terminals market is likely to exhibit substantial growth over the forthcoming time period owing to the presence of a widespread customer base in countries like Malaysia, Indonesia, China, and India. This has further encouraged international retail operators to expand their presence in the region through strategic means such as acquisition of local industry players. Citing an instance, Walmart, Inc, a renowned retail company, in May 2018, reportedly acquired Flipkart, one of the leading e-commerce companies in India for approximately $16 billion. The acquisition effectively helped the firm to expand its presence in the fast-growing retail market in India.

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