Point-of-Sale Terminal Market Size, Share & Trends Report

Point-of-Sale Terminal Market Size, Share & Trends Analysis Report By Product (Fixed, Mobile), By Component (Hardware, Software, Services), By Deployment (Cloud, On-premise), By End-use (Healthcare, Retail), And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-263-1
  • Number of Pages: 189
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the point-of-sale terminal market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for point-of-sale terminal market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of point-of-sale terminal market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Point-of-Sale Terminal Market Categorization:

The point-of-sale terminal market was categorized into five segments, namely product (Fixed, Mobile), component (Hardware, Software, Services), deployment (Cloud, On-premise), end-use (Restaurants, Retail, Hospitality, Healthcare, Warehouse, Entertainment), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Segment Market Methodology:

The point-of-sale terminal market was segmented into product, component, deployment, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The point-of-sale terminal market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into eighteen countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; UAE; Saudi Arabia; South Africa.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Point-of-Sale terminal market companies & financials:

The point-of-sale terminal market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Acrelec - Acrelec is engaged in providing customer service technology solutions for restaurants and retail stores. The company develops and sells customer service, self-checkout, and cash management solutions to its customers. The company's products and solutions include drive-thru solutions, kiosk solutions, click and collect solutions, and self-checkout solutions. The company offers its products and solutions for industries such as retail, leisure and food & beverage. The company provides two self-checkout solutions, namely S15 self-checkout system and S22 lite self-checkout system. It has a vast client base of around 68 global clients, with around 275 projects completed to date. It has 17 offices in around 70 countries, along with two manufacturing plants and a 100-people software division. The company has a global presence that spans North America, Europe, Latin America, and Asia Pacific regions.

  • AURES Technologies S.A. - AURES Technologies S.A. designs, manufactures, and sells a range of hardware solutions for the POS and kiosk markets. The company operates its business through two segments, namely marketing and sale of POS & kiosk products and services. AURES Technologies S.A offers all-in-one touchscreen terminals, retail solutions, POS systems, POS modular solutions, POS & mobile tablets, complementary screens, POS thermal receipt printers, displays & monitors, touchscreen panels, and a range of accessories such as RFID readers, specific readers for magnetic cards, barcode scanners, and biometric readers. The company also provides integration and technical services. AURES Technologies S.A offers its products for retail outlets, superstores and supermarkets, food and non-food stores, snacking & takeaway outlets, shops, catering & hospitality businesses, and leisure & sports venues, among others. The company operates through three subsidiaries: Aures Technologies Limited, Aures USA Inc, and Aures Technologies GmbH. AURES Technologies S.A. has a global presence with its subsidiaries in the U.S., the UK, Australia, and Germany and distributors, partners, and resellers in more than 60 other countries worldwide.

  • Elo Touch Solutions, Inc. - Elo Touch Solutions, Inc. is a supplier of interactive solutions, including interactive digital signage and modern point-of-sale systems. The company’s portfolio includes mobile computers, touchscreen monitors, touchscreen signage, open frame touchscreens, medical-grade touchscreens, POS terminals, touchscreen components, touchscreen display modules, and accessories. The company caters to various markets, including hospitality systems, interactive kiosks, gaming machines, industrial automation, healthcare, point-of-sale terminals, office equipment, retail displays, and transportation. Elo Touch Solutions, Inc. has accomplished nearly 20+ million hospitality and retail installations in more than 80 countries, and the products are manufactured in California with 3 years of standard warranty.

  • HM Electronics, Inc. - HM Electronics, Inc. manufactures, designs, sells, and services specialized communication, audio, and software solutions. The company operates through different brands, such as Clear-Com LLC, Trilogy, JTECH, HME Hospitality & Specialty Communications, and CE. The HME Hospitality and Specialty Communications brand is specialized in creating industry-leading products and services for restaurants. The company’s product portfolio includes communication technology for the QSR market and pro audio market, management tools for the QSR market, and wireless pagers for the hospitality market. The company provides QSR communication and timer system installations worldwide, with more drive-thru communication equipment. HM Electronics, Inc. operates in over 140 countries with company-owned offices in the Americas, Europe, and Asia regions, along with a vast network of authorized dealers, distributors, and service agents.

  • Hewlett-Packard Inc. - Hewlett- Packard Inc. is an American multinational information technology company. The company, along with its subsidiaries, offers products, software, services, and solutions for small, medium, and large enterprises in health, education, and government sectors. HP developed and provided a wide variety of hardware components, software, and related services to consumers, large enterprises, and small and medium-sized businesses (SMBs), including customers in the healthcare, government, and education sectors. The company offers products and services in different categories, including Personal Systems, Printing, and Corporate Investments. The Personal Systems segment offers consumer PCs, commercial PCs, workstations, tablets, retail (POS) systems and related accessories, software, and support services for the commercial and consumer markets. It offers POS systems that include modular POS, All-in-one POS, Convertible POS, and POS peripherals. The company has marked its presence in various locations in the Americas, Europe, Asia Pacific, and Middle East & Africa regions.

  • NCR Corporation - NCR Corporation provides mobile and electronic payment solutions to the hospitality and retail sectors. The company specializes in offering POS software applications, store and restaurant management applications, and back-office inventory management solutions to the restaurant and hotel chains. The company delivers a range of hardware solutions, including self-checkout kiosks, barcode scanners, order and payment kiosks, printers, and peripherals to restaurants, retailers, sports venues, and entertainment and foodservice companies. NCR Corporation is also involved in providing maintenance, installation, and managed services for computer hardware and third-party networking products.

  • Oracle Corporation - Oracle Corporation is engaged in delivering Point-of-Sale (POS) solutions to retail and hospitality industries globally. The company provides a range of solutions to businesses, including inventory management, reporting and analysis, loss prevention, gift and loyalty, and table reservations. Oracle Corporation offers Simphony First Edition, a hospitality management platform service that helps in managing back-office systems and financial analysis of the business. Oracle cloud offerings enable clients to reduce testing and integration work. The company helps integrate hardware, software, and services on the customers’ behalf in Information Technology (IT) environments that manage and support cloud technology platforms for end users. Oracle also provides cloud IT environments, including enterprise applications as well as middleware and database software, clustering, virtualization, large-scale systems management, and related infrastructure.

  • Presto - Presto is a market leader in restaurant labor productivity, overlaying next-generation digital solutions. It is one of the largest labor automation technology providers in the industry. Presto uses in voice, vision, touch, point-of-sale, and autonomous vehicle technologies to provide analytical and optimization products and solutions. The company specializes in solutions including SaaS, server handheld, restaurant technology, front of the house, voice technology, restaurant tabletop, computer vision, artificial intelligence, QR code, and pay at the table. Presto’s POS is a cloud-based solution with a user-friendly interface and is fully customizable according to customers’ requirements. Presto POS is designed for all sizes of restaurants. The company is headquartered in Massachusetts Institute of Technology, Silicon Valley, California, and has a vast presence across the U.S., with customer belongings the top 20 restaurant chains in the U.S.

  • Qu, Inc. - Qu, Inc. specializes in digital-first solutions for quick-service and fast casual restaurant chains. Using its single menu management platform and API-first architecture, Qu has simplified enterprise omnichannel ordering solutions. The company operates through ordering, kitchen, and platforms categories. The ordering category includes POS, drive thru, kiosk, online order, and third-party ordering. The kitchen category includes kitchen display system, ghost kitchens, and third-party marketplaces. The platform category offers enterprise management, single menu management, reporting & notify, unified data, and commerce cloud. Leading restaurant chains choose Qu, Inc.’s solutions with best-inclass integrations, improved guest experience, centralized enterprise management, and payment processor choice. Some of the customers of the company are Church’s Chicken, Dunn Brothers Coffee, Rapid Fired Pizza & Hot Head Burritos and Stir Fry.

  • Quail Digital - Quail Digital is a global brand manufacturing high-quality wireless headset systems for healthcare, retail, community, and quickservice. It provides products with quality, technical innovation, and design excellence. These market-leading products are developed with high-quality materials and innovative design to meet the needs of a diverse customer community. The company operates in the Americas, Europe; through qualified resellers in Asia Pacific, EMEA, and Central America. Some of the customers of the company are IKEA, Wickes, Rimi, BJ’s Bingo, Papworth Hospital, Long Beach Memorial, Robert Gordon University Library, and Manhattan Bagels.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Point-of-Sale Terminal Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Point-of-Sale Terminal Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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