Fixed POS Terminal Market Research Report
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Fixed POS Terminal Market - Global Outlook and Forecast 2021-2026

TO BE PUBLISHED : Feb 2021 | Pages : 273

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THE GLOBAL FIXED POS TERMINAL MARKET SIZE TO CROSS USD 13.5 BILLION IN 2026, GROWING AT A CAGR OF 10% DURING THE PERIOD 2021–2026

Fixed POS Terminal Market Size, Share, Trends Analysis Report by Compliance (EMV and Non-EMV); Technology (NFC and Non-NFC); End-user (Retail, Restaurant, Warehouse & Distribution, Healthcare, Hospitality, Gym & Fitness Center, and Others); and Geography (APAC, North America, Europe, Latin America, and Middle East & Africa), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021–2026

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Most Exhaustive Report

273 Pages

73 Tables

160 Charts

5 Regions

20 Countries

33 Companies

4 Market Segment

GLOBAL FIXED POS TERMINAL MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 13.5 BILLION (2026)
MARKET SIZE (VOLUME) 80 MILLION UNITS (2026)
CAGR 10% (2021–2026)
Base Year 2020
Historic Year 2015–2019
Forecast Year 2021–2026
Market Segments Compliance (EMV and Non-EMV); Technology (NFC and Non-NFC); End-user (Retail, Restaurant, Warehouse & Distribution, Healthcare, Hospitality, Gym & Fitness Center, and Others)
Geographic Analysis North America, Europe, APAC, Latin America, and Middle East & Africa
Countries Covered US, Canada, UK, Germany, France, Nordic, Spain, Italy, China, India, Japan, Australia, Vietnam, Brazil, Mexico, Argentina, South Africa, UAE, and Saudi Arabia

INDUSTRY INSIGHTS

The global fixed POS terminal market size to cross USD 13.5 billion in 2026, growing at a CAGR of 10% during the period 2021–2026. The global fixed POS terminal market is expected to undergo several transformations during the forecast period. The demand and adoption of contactless EMV-compliant POS terminals are high due to the introduction of cloud-based POS terminals and the high demand for NFC-complaint POS terminals. Europe and North America are expected to witness a high demand for fixed POS terminals during the forecast period as the outbreak of the COVID-19 pandemic has increased contactless and cashless payment modes. The payment acceptance model has transformed from a hardware-centric payment acceptance model to a software and services-centric one, which, in the future, is expected to emerge as the recurring as-a-service revenue model based on their cloud-based platform. 

SNIPPETS

  • In terms of volume, EMV-complaint fixed POS terminal market is expected to observe an incremental growth of over 30 million units by 2026.
  • NFC POS terminals are likely to reach a revenue figure of $9.3 billion by 2026 on account of increased popularity of card payments in Brazil, Turkey, and China.
  • The retail segment is expected to grow at the highest CAGR of approx. 13% during the period 2019–2026 because of the swift digital transformation of the payment mode in emerging economies.
  • The APAC region is projected to reach a revenue share of over $8.3 billion by 2026 due to the rapid modernization of payment modes and increasing payment card usage, especially in China and India.

GLOBAL FIXED POS TERMINAL MARKET SEGMENTATION

This research report includes a detailed segmentation by

  • Compliance
  • Technology
  • End-user
  • Geography

INSIGHTS BY END-USER

Retail has been one of the key end-users for fixed POS terminals. Small businesses around the world have shown an increased inclination toward the adoption of electronic cash. The popularity of IoT and the rise in internet penetration across the world have significantly pushed the use of electronic money and payment cards. With the outbreak of the COVID-19 pandemic across the globe, the retail sector witnessed a steep decline in revenue. However, Q2, 2020 pushed the market toward recovery as lockdown restrictions were eased in several parts of the world, especially APAC. In India, about 54.70 million credit cards were in service, along with over 852.40 million debit cards till May 2020. Moreover, demonetization boosted the usage of payment cards, thereby increasing the market growth.

Restaurants have been another critical end-user, where the adoption of POS terminals has been growing. There is a significant shift toward contactless payments in the sector, with the COVID-19 pandemic increasing the application. This shift in the payment mode is likely to push demand for NFC-ready POS terminals in the market. With the introduction of AI-enabled point of sale solutions, which help track customers' purchasing behavior and payment modes, the demand for advanced POS terminals is likely to increase.

Warehouses have emerged as a significant segment with end-users looking for fixed POS terminals and emphasizing smart software-enabled solutions. The rise in the number of warehouses is likely to push the demand for fixed POS terminals. In addition, the COVID-19 outbreak has driven the fixed POS terminal market growth in the region as most warehouses focus on contactless payment modes. With the rise in warehouse construction on account of development in the e-commerce industry, multichannel distribution channels, globalization of supply chain networks, the emergence of autonomous mobile robots, the demand is likely to push further during the forecast period.

INSIGHTS BY COMPLIANCE

The global EMV market has witnessed a significant boom in recent years. Emerging markets such as India have implemented structured regulations to promote EMV POS terminals. Changes in regulatory compliance have pushed the market toward the adoption of EMV cards. With the significant rise in the adoption of EMV compliance, the market is expected to grow at a double-digit growth during the forecast period.

Non-EMV compliant cards have been witnessing a decrease in developed economies such as Europe and the US. The market for these terminals has been shrinking annually since the market has adopted advanced card regulations. With the introduction of EMV-enabled chip cards, the adoption of non EMV-enabled POS terminals is decreasing. However, developing economies such as Africa are poised for growth for non-EMV cards.

INSIGHTS BY TECHNOLOGY

NFC-complaint POS terminals crossed 70 million units in 2020. The NFC-compliant market displayed a strong momentum in 2020, and it is expected to observe an incremental growth of over 29 million units by 2026. NFC-ready devices are creating a buzz in emerging markets such as Brazil, Turkey, and China. The increasing emphasis on the use of EMV-enabled cards has boosted the segment growth.

Non-NFC POS terminals are expected to be phased out slowly in developed economies during the forecast period, with several government authorities mandating and emphasizing the adoption of NFC-ready POS terminals. Increased investments in advanced technologies have pushed the market to adopt NFC-based devices, which is likely to hamper the market growth of non-NFC segment.

INSIGHTS BY GEOGRAPHY

In terms of unit shipments, the APAC fixed POS terminal market share is expected to reach over 53 million units in 2026. The COVID-19 pandemic outbreak has relatively slowed down the APAC market growth in the first H1 2020. Retail segments are the primary adopters of fixed POS terminals, and the segment witnessed a decline of over 30% during the period. However, with the increasing popularity of contactless payments, the demand for NFC-ready fixed POS terminals is expected to grow.  While modernization of payment systems in the APAC region is evolving, cash domination persists. With the changing technology and the emergence of innovative financial services, the trend of payment cards and e-wallets as payment options is growing. The contribution to card payments' transaction value is low from rural regions due to the low awareness of digital payment systems. With the rising internet penetration, the digital economy is growing, which is driving the demand for POS terminals.

INSIGHTS BY VENDORS

Ingenico Group, Verifone Systems, Fujian Newland Payment Technology, and PAX Global Technology are the major leaders in the fixed POS terminal market. The adoption rate of POS terminals among business owners worldwide has been impressive. The market has witnessed the entry of several new vendors due to increased demand. The competition has intensified, leading to several innovative and advanced POS solutions in the market. The present scenario drives vendors to change and refine their unique value proposition to achieve a strong market presence.  

The fixed POS terminal market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Compliance

  • EMV
  • Non-EMV

Technology

  • NFC
  • Non-NFC

End-user

  • Retail
  • Restaurant
  • Warehouse & Distribution
  • Healthcare
  • Hospitality
  • Gym & Fitness Center
  • Others

By Geography

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • France
  • Russia
  • Spain
  • Italy
  • Nordic

APAC

  • China
  • Japan
  • South Korea
  • India
  • Vietnam

Latin America

  • Brazil
  • Mexico
  • Argentina

Middle East & Africa

  • Saudi Arabia
  • South Africa
  • UAE

Frequently Asked Questions

The global fixed POS terminal market by revenue is expected to grow at a CAGR of 10%, reaching USD 13.5 billion by 2026.
“Payments Platform as a Service” (PPaaS) is the major innovation experienced by the POS terminal market
The global fixed POS terminal market has been moderately affected since the outbreak of the COVID-19 pandemic.
The APAC POS terminals market is growing due to the emergence of innovative financial services and the popularity of payment cards and e-wallets. The market is expected to grow at a CAGR of over 9.50% during the period 2021–2026.
Ingenico Group, Fujian Newland Payment Technology, PAX Global Technology, and Verifone Systems are the major vendors in the market. High initial investment cost and adherence to testing standards are likely to emerge as the major threats for new vendors.
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