Retail Point of Sale Market to Reach at a Compound Annual Growth Rate (CAGR) of 13.9% during 2020–2026

ReportsnReports forecasts the global post-COVID-19 Retail POS market size to grow from USD 15.8 billion in 2020 to USD 34.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.9% during 2020–2026. The major growth drivers for the market include growing interest in non-cash transactions among consumers, increased data visibility through cloud POS systems and enhanced service delivery. However, data security concerns may restrain the market growth.

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Among product, Mobile POS to grow at the highest CAGR during the forecast period

The growing demand for touchless and cash-less transactions and the adoption of digital payment options are driving the impeccable growth of mobile retail POS systems worldwide. These payments enable easy, fast, and secure transactions through mobile-based POS terminals. NFC-enabled retail POS terminals allow retailers to facilitate transactions via mobile wallets, including Google Pay, PayTM, Bhim, and Apple Pay. The increasing demand for wireless internet connectivity, smartphones, tablets, reduced costs, and expanded network coverage is anticipated to drive the demand for mobile POS devices in the retail sector. Hence, expected to grow at the highest CAGR during the forecast period.

Among Services, Deployment and Integration segment to hold a larger market size during the forecast period

Integrations and deployment service providers offer tailored retail POS deployment and integration services for retail POS systems. Integration and deployment services are provided by highly qualified industry experts, domain experts, and professionals that assist retail organizations to formulate and implement retail POS systems. Design and integration services offer benefits, such as reduced risks and complexity. Mobility, security, compliance, and omnichannel functionality are all urging retailers to replace outdated and existing retail POS solutions with new technologically rich retail POS systems. Deployment and integration aid retail businesses with the hardware, software, and processes required to implement and integrate a functionally rich retail POS system.

Asia Pacific (APAC) to grow at the highest CAGR during the forecast period

In APAC, the increasing need for a better shopping experience and customer services is anticipated to be a key factor driving the market growth. The growing implementation of cloud-based POS systems by retailers in APAC will drive the market growth. Increasing investment in the retail industry, coupled with the declining cost of electric and electronic components, will open-up massive opportunities for the solution and component providers operating in the retail POS market in the region.

  • By Company: Tier I: 40%, Tier II: 32%, and Tier III: 28%
  • By Designation: C-Level Executives: 35%, Directors: 28%, Others: 37%
  • By Region: North America: 40%, Europe: 31%, APAC: 19%, MEA: 7%, Latin America: 3%

The report includes the study of the key players offering Retail POS solutions and services. It profiles major vendors in the global Retail POS market, including

Diebold Nixdorf (US), Ingenico (France), Intuit (US), NCR (US), SAP (Germany), Verifone (US), PAX Global Technology (China), Shopify (Canada), NEC (Japan), Toshiba TEC (Japan), Epicor (US), Elavon (US), Castles Technology (Taiwan), Newland Payment Technology (China), HP (US) etc.

Research coverage

The report segments the global Retail POS market by product, component, end user, and region. The product segment comprises of fixed POS and mobile POS. The component segment comprises hardware, software and services. The Retail POS market by end user includes supermarkets/hypermarkets, grocery stores, specialty stores, convenience stores, gas stations, discount stores and others (department stores and miscellaneous retailers). The report covers the Retail POS market with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), the Middle East and Africa (MEA) and Latin America.

The report would help the market leaders and new entrants in the global Retail POS market in the following ways:

  • The report segments the market into various sub-segments. Hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its sub-segments. The market numbers are split further across applications and regions.
  • It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
  • It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.

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Table Of Contents

1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios In Terms Of Recovery Of Global Economy
1.4 Objectives Of The Study
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered For The Study
1.7 Currency Considered
Table 1 United States Dollar Exchange Rate, 2018–2020
1.8 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 6 Retail Pos Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup Of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
2.3 Market Size Estimation
Figure 7 Market Size Estimation Methodology—Approach 1 (Supply Side): Revenue From Hardware, Software, And Services Of Retail Pos Vendors
Figure 8 Market Size Estimation Methodology—Approach 2, Bottom Up (Supply Side): Collective Revenue From All Hardware, Software, And Services Of Retail Pos Vendors
Figure 9 Market Size Estimation Methodology—Approach 3, Illustration Of Company Revenue Estimation
Figure 10 Market Size Estimation Methodology—Approach 4, Top Down (Demand Side): Share Of Retail Pos
2.4 Impact Of Covid-19 On Retail Point Of Sale Market
Figure 11 Market Size Estimation Methodology: Covid-19 Impact On Retail Point Of Sale Market
2.4.1 Impact Of Covid-19 Pandemic
2.5 Market Forecast
Table 2 Factor Analysis
2.6 Competitive Evaluation Matrix Methodology
Figure 12 Competitive Evaluation Matrix: Criteria Weightage
2.7 Startup/Sme Evaluation Matrix Methodology
Figure 13 Startup/Sme Evaluation Matrix: Criteria Weightage
2.8 Assumptions For The Study
2.9 Limitations Of The Study

3 Executive Summary
Figure 14 Retail Point-Of-Sale Market To Witness Steady Growth During Forecast Period
Figure 15 Top Three Leading Segments In Retail Pos Market In 2020
Figure 16 Retail Point-Of-Sale Market: Regional Market Scenario

4 Premium Insights
4.1 Attractive Market Opportunities In Retail Point Of Sale Market
Figure 17 Growing Interest In Non-Cash Transactions Among Consumers, Rising Penetration Of Ecommerce Platforms, And Enhanced Service Delivery To Fuel Growth Of Retail Point Of Sale Market
4.2 Retail Point Of Sale Market, By Product, 2020
Figure 18 Mobile Segment To Grow At Higher Cagr During Forecast Period
4.3 Retail Point Of Sale Market, By Component, 2020
Figure 19 Hardware Segment To Have Largest Market Size During Forecast Period
4.4 Retail Point Of Sale Market, By Service, 2020
Figure 20 Deployment And Integration Segment To Grow At Highest Cagr During Forecast Period
4.5 Retail Point Of Sale Market, By End User, 2020
Figure 21 Convenience Stores Segment To Grow At Highest Cagr During Forecast Period
4.6 Retail Point Of Sale Market, Market Share Of Top Three End Users And Regions, 2020
Figure 22 Grocery Stores And North America To Hold Highest Market Shares In 2020
4.7 Market Investment Scenario
Figure 23 Asia Pacific To Emerge As Best Market For Investments In Next Five Years

5 Market Overview
5.1 Market Dynamics
Figure 24 Retail Pos Market: Drivers, Restraints, Opportunities, And Challenges
5.1.1 Drivers
5.1.1.1 Growing Interest In Non-Cash Transactions Among Consumers
Figure 25 Global Volume Of Non-Cash Transactions (2014–2019)
5.1.1.2 Enhanced Service Delivery
5.1.1.3 Increased Data Visibility Through Cloud Pos Systems
5.1.2 Restraints
5.1.2.1 Data Security Concerns
5.1.2.2 Lack Of Standardization
5.1.3 Opportunities
5.1.3.1 Rising Penetration Of Ecommerce Platforms
Figure 26 Global Retail Ecommerce Sales (Usd Trillion)
5.1.3.2 Growing Interest In Pos Solutions Among Small Businesses
5.1.3.3 Strong Growth In Global Retail Industry
5.1.4 Challenges
5.1.4.1 Lack Of Consumer Awareness
5.1.4.2 High Maintenance Cost Of Wireless Pos Systems
5.2 Covid-19-Driven Market Dynamics
5.2.1 Drivers And Opportunities
5.2.2 Restraints And Challenges
5.2.3 Cumulative Growth Analysis
Table 3 Retail Point Of Sale Market: Covid-19 Impact
5.3 Value Chain Analysis
Figure 27 Value Chain Analysis: Retail Pos Market
5.4 Ecosystem
Figure 28 Market: Ecosystem
5.5 Average Selling Price Trend
Table 4 Retail Pos Systems: Average Price Trend
5.6 Porter’s Five Forces Model Analysis
Figure 29 Market: Porter’s Five Force Analysis
5.6.1 Threat Of New Entrants
5.6.2 Threat Of Substitutes
5.6.3 Bargaining Power Of Suppliers
5.6.4 Bargaining Power Of Buyers
5.6.5 Intensity Of Competitive Rivalry
5.7 Yc-Ycc Shift
Figure 30 Yc-Ycc Shift For Retail Point Of Sale Market
5.8 Technology Analysis
5.8.1 Artificial Intelligence
5.8.2 Near Field Communication
5.8.3 Cybersecurity
5.9 Regulatory Implications And Standards
5.9.1 Payment Card Industry-Data Security Standard
5.9.2 Federal Information Security Management Act
5.9.3 International Organization For Standardization 10536
5.9.4 International Organization For Standardization 14443
5.10 Use Cases
5.10.1 Openbravo And Decathlon Strengthen Their Pos Partnership
5.10.2 Big Y Selects Ncr’s Cloud Pos
5.10.3 Par Tech Partners With Mobivity To Drive Digital Transformation
5.10.4 Ingenico Delivers Enhanced Customer Experience At City Furniture Stores

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