What is the size of Point of Sale Market?
According to 6Wresearch internal database and industry insights, the Point of Sale Market was valued at USD 33.41 Billion in 2024 and is expected to reach USD 110.22 Billion by 2031, growing at a CAGR of 14.1% during 2025-2031.
The main drivers of this growth are the rising shift toward cashless and contactless transactions, increasing adoption of mobile and cloud-based POS systems across industries, and growing demand for analytics-enabled, integrated retail and hospitality solutions.
Growth Factors for Point of Sale Industry
- Growing shift toward mobile POS solutions enabling payments on smartphones and tablets.
- Increasing deployment of cloud-based POS platforms offering flexible, scalable retail operations.
- Expanding adoption of contactless, NFC and QR-code payment methods in merchants of all sizes.
- Growing need for omnichannel retail operations and integrated inventory-payment management systems.
- Rising interest in analytics-enabled POS terminals to capture customer behaviour and improve service.
Point of Sale Market Trends
The trends in the Point of Sale market indicate that POS hardware will increasingly be integrated with software analytics and cloud connectivity to provide real-time monitoring of transactions and insights into customers. Retailers and hospitality providers are transitioning to mobile POS devices, self-checkout kiosks and tablet-based POS systems to improve speed of service and flexibility. Strong focus on contactless payments and digital wallets is upgrading hardware and expanding the ecosystem across various merchant segments.
Emerging Developments in the Point of Sale Market
Emerging developments in the Point of Sale market show manufacturers and software providers bringing to market hardware-software platforms to unify the functions of payment processing, inventory management and customer loyalty. Some fintech firms are offering subscription-based POS services as well as modular upgrade models for small and medium enterprises. POS vendors are partnering with fintech payment-gateway providers to support broader access and add features for merchants across retail, hospitality and services.
List of Leading Companies in the Point of Sale Market
Some of the leading companies include:
- Block, Inc. (Square)
- NCR Corporation
- Ingenico Group (Worldline)
- PAX Global Technology
- Lightspeed POS, Inc.
- Toast, Inc.
- Clover Network, Inc.
Frequently Asked Questions About the Market Study (FAQs):
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