Retail Point-of-Sale Terminals Market (2026 - 2033)

Retail Point-of-Sale Terminals Market Summary

The global retail Point-of-Sale terminals market size was valued at USD 36.5 billion in 2025 and is projected to grow from USD 39.2 billion in 2026 to USD 62.4 billion by 2033, at a CAGR of 6.9% from 2026 to 2033. The market in Asia Pacific dominated with a revenue share of 34.8% in 2025. This growth is driven by the rapid expansion of digital payments, organized retail, e-commerce integration, and government initiatives promoting cashless transactions across emerging economies.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

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A centralized POS system provides information to retailers’ POS terminals at the client site connected to a central server. Such connected solutions provide business departments with real-time reports on consumer purchasing trends, inventory levels, and online product requests and purchases.

The proliferation of smart devices, such as smartphones, tablets, and laptops, is driving the adoption of Mobile POS (MPOS) terminals, which play a crucial role in processing payments, recording transaction history, and tracking orders. Mobile POS terminals help in enhancing customer interactions to increase sales; while during relatively slower periods, M-POS terminals also help retailers in monitoring the inventory and tracking inventory data, thereby enhancing efficiency and accuracy. As such, M-POS systems are emerging as the future for brick-and-mortar retail stores as they can play a potent role in facilitating employee-consumer interactions. The retail POS technology landscape is evolving rapidly in line with the growing preference for multiple payment methods.

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The COVID-19 pandemic has surged the demand for automated billing systems such as point-of-sale terminals among retailers as compared to traditional or cash register billing systems. The expansion of e-commerce sectors across regions is driving the need for point-of-sale terminals for managing sales and tracking inventories. To cater to the growing need of online customers and offer them a customer-centric experience has been the major factor for the growth of point-of-sale terminals across the e-commerce sector. Additionally, growing government support for adopting digital payment systems across regions by introducing new laws and regulations has boosted the adoption of point-of-sale terminals among retailers.

However, growing concerns over data privacy is one of the key restraints for the retail POS terminals market. The point-of-sale terminals help retailers to set up their own e-commerce store with a complete inventory record, thereby allowing them to store products online, on the go, and through in-store channels. With the growing adoption of these systems, combating fraud is becoming crucial for POS vendors, given that compromised POS systems can lead to severe monetary losses and tarnish organizational reputation. Hence, POS vendors are aggressively adopting encryption solutions to encrypt the customer and payment data being handled by POS systems while processing transactions.

Market Dynamics

The global retail point-of-sale (POS) terminals market is witnessing strong growth as retailers increasingly prioritize seamless, secure, and omnichannel payment experiences across physical and digital sales channels. Businesses are adopting advanced POS terminals to support contactless payments, EMV chip cards, mobile wallets, QR code payments, and integrated payment processing while enhancing checkout efficiency and customer satisfaction. Modern POS terminals leverage cloud connectivity, AI-driven analytics, inventory management, customer relationship management (CRM), and real-time transaction monitoring to optimize retail operations, improve business intelligence, and enhance operational efficiency. Moreover, the rapid growth of digital payments, organized retail, and omnichannel commerce is driving demand for POS terminals that enable secure payments, faster transactions, and seamless customer experiences.

Analyst Perspective

The retail POS terminals market is driven by the rapid adoption of digital payments, omnichannel retailing, and increasing demand for seamless in-store customer experiences. Retailers are increasingly deploying fixed and mobile POS terminals to enable secure payment acceptance, faster checkout, inventory management, and customer engagement across physical and digital sales channels. Traditional cash registers are being replaced by cloud-connected, software-enabled POS systems that integrate payment processing, analytics, inventory control, and customer relationship management, helping businesses improve operational efficiency, enhance customer satisfaction, and support data-driven retail operations.

Product Insights

Based on product, the fixed POS terminals segment led the market with the largest revenue share of 58.9% in 2025. The growing demand for fixed POS solutions across the retail sector can be attributed to their vast benefits, including robust business functionality. These solutions enable retailers to manage and track their finances, employee time clock, gift cards, and loyalty programs, among other features.\

The mobile POS terminals segment is likely to expand at a significant CAGR of 9.4% over the forecast period. The mobile POS solution is an enhancement to the traditional POS solution. Merchants highly engaged in their daily activities are more inclined toward adopting mPOS solutions with inbuilt scanners that enable reading credit/debit cards through the card reader attached to the tablet or smartphone.

Component Insights

Based on component, the hardware segment led the market with the largest revenue share of 61.8% in 2025. The growing demand for flexible and portable POS terminals in the retail sector is attributed to the need for faster service, reduced queues, and maintaining transactions through modern payment devices. Peripheral devices such as scanners, barcode readers, pole displays, keyboards, and receipt printers are also inseparable parts of a conventional POS system.

The software segment is likely to expand at a significant CAGR of 9.1% over the forecast period. The growth of the POS software segment can be attributed to the growing demand for new software features such as inventory tracking, customer data management, employee management analytics, sales monitoring, and reporting to improve business operations.

Deployment Insights

Based on deployment, the on-premise segment led the market with the largest revenue share of 71.6% in 2025.  On-premise POS systems also called legacy POS or traditional POS, store and process information using local servers and save the data on a local drive. The growing demand for on-premise POS systems owing to their distinctive benefits to retailers, such as diverse functionalities and extensive display setup, has propelled the growth of the retail POS terminals industry.

The cloud segment is likely to expand at a significant CAGR of 9.3% over the forecast period. Cloud POS systems have gained immense popularity among small businesses owing to their numerous benefits such as remote access, subscription-based pricing, data security, all-in-one solution, inventory management, and sales management features.

Application Insights

Based on application, supermarkets/hypermarkets segment led the market with the largest revenue share of 48.8% in 2025. Supermarkets/ hypermarkets prefer reliable automated billing software over manually operated billing systems as they allow them to track and manage inventory, revenue, sales, and account information more easily and conveniently. These solutions enable supermarket/ hypermarket retailers to record an overall customer shopping experience to offer better customer service.

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The convenience stores segment is expected to grow at a significant CAGR during the forecast period owing to the rapid expansion of convenience retail formats, increasing transaction volumes, and the need for faster checkout operations. Convenience stores are increasingly adopting compact, cloud-connected POS terminals to streamline billing, inventory tracking, payment processing, and real-time sales monitoring within limited store spaces.

Regional Insights

Asia Pacific dominated the global retail point-of-sale terminals market with the largest revenue share of 34.8% in 2025 and is expected to register the highest CAGR from 2026 to 2033. The growth can be majorly attributed to the strategic initiatives taken by companies aimed at expanding their retail customer base. China has been witnessing an increase in the number of POS solution offerings in China. The companies are engaged in partnerships/collaboration/acquisitions aimed at providing better POS terminal solutions targeting retailers. Supportive initiatives taken by the government to encourage POS adoption and online payments are among the key factors driving the growth of the market in India.

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North America Retail Point-of-Sale Terminals Market Trends

North America held a significant revenue share in 2025. The growth can be attributed to the presence of some of the most prominent players, including Toast, Inc.; Lightspeed; and TouchBistro. The presence of leading players in the region has enabled the wider adoption of POS terminals among retail businesses owing to easy availability. The increasing adoption of digital technology across every business area and workplace is restructuring the U.S. economy. The post-pandemic effect has impacted the retail industry by digitally transforming businesses faster than previously planned. The adoption of retail POS terminals among stores to record sales, inventory management, and fulfill all the in-store activities has formed a huge base for market growth in the U.S.

The retail point-of-sale terminals market in the U.S. held the largest share in the North America region in 2025. The U.S. retail point-of-sale terminals market is driven by the rapid modernization of payment infrastructure and the growing adoption of EMV-compliant, contactless, and omnichannel checkout solutions. U.S. retailers are increasingly replacing legacy POS systems with integrated terminals that support tap-to-pay cards, mobile wallets, QR-based payments, and buy-now-pay-later (BNPL) options, while enabling seamless integration between in-store transactions, e-commerce platforms, and customer loyalty programs.

Key Retail Point-of-Sale Terminals Company Insights

The key players include Acrelec; AURES Group; Elo Touch Solutions, Inc.; Lightspeed; Clover Network, LLC (Acquired by Fiserv, Inc.); Block, Inc.; HP Development Company, L.P.; NCR Corporation; Oracle; and Revel Systems. To broaden their product offering, industry companies utilize a variety of inorganic growth tactics, such as partnerships, regular mergers, and acquisitions. In March 2021, Lightspeed acquired Vend Limited (New Zealand), a cloud-based point of sale and retail management software company. The acquisition would make Lightspeed the technology partner for over 135,000 customers, significantly expanding the company’s foothold across APAC. Some prominent players in the global retail point-of-sale terminals market include:

Key Retail Point-of-Sale Terminals Companies

The following key companies have been profiled for this study on the retail point-of-sale terminals market.

• Acrelec

• Agilysys Inc.

• AURES Group

• Elo Touch Solutions, Inc.

• Intuit, Inc.

• Lightspeed

• Clover Network, LLC (Acquired by Fiserv, Inc.)

• Block, Inc.

• HP Development Company, L.P.

• NCR Corporation

• Oracle

• Revel Systems

• SAP SE

• Toshiba Corporation

• TOAST, Inc.

Recent Developments:

• In January 2026, Ingenico introduced its next-generation AXIUM CX9000 smart POS terminal with AI-enabled retail applications, cloud-based payment management, and enhanced security capabilities, demonstrating the industry's focus on intelligent, connected, and omnichannel payment solutions.

Global Retail Point-of-Sale Terminals Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global retail point-of-sale terminals market report based on product, component, deployment, application, and region:

• Product Outlook (Revenue, USD Billion, 2021 - 2033)

  • Fixed POS Terminals

  • Mobile POS Terminals

• Component Outlook (Revenue, USD Billion, 2021 - 2033)

  • Hardware

  • Software

  • Services

• Deployment Outlook (Revenue, USD Billion, 2021 - 2033)

  • Cloud

  • On-premise

• Application Outlook (Revenue, USD Billion, 2021 - 2033)

  • Supermarkets/Hypermarkets

  • Convenience Stores

  • Grocery Stores

  • Specialty Stores

  • Gas Stations

  • Others

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

  • Latin America

    • Brazil

    • Mexico

    • Argentina

  • Middle East & Africa

    • U.A.E.

    • Saudi Arabia

    • South Africa

Research Methodology

The retail Point-of-Sale terminals market figures in this report are based on a proven research process that combines executive interviews with secondary research from proprietary databases, company filings, and recognized regulatory and institutional sources. Market size is built through value-chain sizing - reconciling supply-side and demand-side estimates - and triangulated with bottom-up and top-down approaches. Every estimate passes multiple levels of expert validation before publication, with each retail Point-of-Sale terminals segment quantified using the revenue-capture definitions in the table below.

Delivered Customizations

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