Point-of-Sale Terminals Market size is expected to reach USD 181.47 billion by 2030
Point-of-Sale Terminals Industry Overview The global point-of-sale terminals market size was valued at USD 85.16 billion in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 8.5% from 2022 to 2030. In 2020, the COVID-19 pandemic negatively impacted the overall market growth due to supply chain disruption and end-user revenue loss. Nevertheless, as the severity of the virus subsided, several end-use industries were seen moving towards cashless and contactless payments. As a result, increased usage of contactless payments has encouraged the adoption of mobile POS (mPOS) terminals in order to accept contactless payments directly through customers’ smartphones. The growing prominence of mobile POS terminals has provided avenues for market growth. The ease of use and improved Return on Investment (ROI) offered by these systems has favorably impacted the market. Also, the rising need for employee and customer management, inventory tra...