Middle East & Africa (MEA) POS Terminal Market (2020-2026) | Analysis, Size, Share, industry, Revenue, Analysis, Forecast, Outlook & COVID-19 IMPACT
Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail, Government & Transportation and Others), By Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain & Rest of Middle East) and Competitive Landscape
| Product Code: ETC002519 | Publication Date: Mar 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latest 2023 Development of the Middle East and Africa POS Terminal Market
The Middle East and Africa POS terminal market are growing due to the increasing adoption of cashless payment methods and the growing e-commerce industry in the region. The demand for mobile POS terminals is increasing in the Middle East and Africa, as they offer flexibility and convenience to merchants. The ability to accept payments on the go is particularly important for small and medium-sized businesses (SMBs) and those in the hospitality industry. Additionally, the COVID-19 pandemic has accelerated the adoption of contactless payment methods in the Middle East and Africa. Consumers are increasingly opting for contactless payment options to minimize the risk of transmitting the virus. This trend is expected to continue, with more merchants adopting contactless payment solutions to meet customer demand.
The cloud-based POS systems are gaining popularity in the Middle East and Africa POS industry, as they offer several advantages over traditional on-premise solutions. Cloud-based systems are more cost-effective, scalable, and easier to deploy and manage. They also provide real-time data analytics, which can help merchants make informed business decisions. Further, POS terminal providers are partnering with banks and other financial institutions to expand their reach in the Middle East and Africa. For example, in 2021, Verifone announced a partnership with Fawry, a leading payment gateway in Egypt, to enable merchants to accept payments through Fawry's network using Verifone's POS terminals.
Middle East and Africa POS terminal market Synopsis
The Middle East and Africa POS terminal market are expected to witness considerable growth primarily due to the digitization and technological innovation in the region. The acceptance of new technology, for instance, Europay, MasterCard, and contactless has shifted consumers’ preference from traditional cash-based transactions towards new digital payment modes in the region. Further, the adoption of digital transactions has increased the demand for new payment modes and devices which can offer e-payment facilities to merchants. Additionally, the rising adoption of cloud technology has offered greater flexibility to medium and large-scale businesses and has also offered advanced payment solutions. These factors would drive the growth of the Middle East and Africa POS terminal market over the coming years.
According to 6Wresearch, Middle East & Africa (MEA) POS Terminal Market is likely to register substantial growth during 2020-2026. Growing demand for mobile POS terminals, government initiatives towards strengthening digital Islamic banking services, the need for improved platforms in business operations, increasing usage of mobile wallets, technological advancement, rise in the e-commerce sector as well as improvement in payment infrastructure are some of the key growth drivers of the Middle East and Africa POS terminal market. However, the Middle East and Africa POS terminal markets are expected to witness a slowdown at the beginning of 2020 due to the outbreak of the Covid-19 pandemic and the market is expected to recover gradually over the next few years.
In terms of type, portable and mobile POS terminals are registering significant growth in the region, particularly, in the warehouse industry for inventory management. Additionally, the hospitality and healthcare applications are dominating the overall POS terminal market in the Middle East and Africa region due to increased spending on healthcare services as a result of the outbreak of the Covid-19 pandemic and rising expenditure on travelling services by tourists in the country.
Some of the leading players in the Middle East and Africa POS terminal market are Ingenico International India Pvt. Ltd., Mswipe Technologies Private Limited, Ezetap Mobile Solutions Pvt. Ltd., MobiSwipe Technologies Private Limited, Paynear One, PayU Money, ePaisa, Pine Labs and PAX Technologies Pvt. Ltd.
The Middle East and Africa POS terminal market report thoroughly cover the market by terminal type, end-users, and countries including Saudi Arabia, Kuwait, Qatar, Oman, Turkey, UAE, Bahrain, Egypt, Nigeria, South Africa and the Rest of the Middle East and Africa. The Middle East and Africa POS terminal market outlook report provide an unbiased and detailed analysis of the ongoing Middle East and Africa POS terminal market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Middle East and Africa POS Terminal Market Overview
- Middle East and Africa POS Terminal Market Outlook
- Middle East and Africa POS Terminal Market Forecast
- Historical Data of Middle East and Africa POS Terminal Market Revenues for the Period 2016-2019
- Middle East and Africa POS Terminal Market Size and the Middle East and Africa POS Terminal Market Forecast of Revenues, Until 2026
- Historical Data of Middle East and Africa POS Terminal Market Revenues, by Terminal Types, for the Period 2016-2019
- Market Size & Forecast of Middle East and Africa POS Terminal Market Revenues, by Terminal Types, Until 2026
- Historical Data of Middle East and Africa POS Terminal Market Revenues, by End-Users, for the Period 2016-2019
- Market Size & Forecast of Middle East and Africa POS Terminal Market Revenues, by End-Users, Until 2026
- Historical Data of Saudi Arabia Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Kuwait Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Kuwait Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of United Arab Emirates Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of United Arab Emirates Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Qatar Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Qatar Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Bahrain Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Bahrain Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Oman Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Oman Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Turkey Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Turkey Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Egypt Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Egypt Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of South Africa Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of South Africa Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Nigeria Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Nigeria Point of Sale Terminal Market Revenues and Volume, Until 2026
- Historical Data of Rest of Middle East and Africa Point of Sale Terminal Market Revenues and Volume, for the Period 2016-2019
- Market Size & Forecast of Rest of Middle East and Africa Point of Sale Terminal Market Revenues and Volume, Until 2026
- Market Drivers and Restraints
- Middle East and Africa POS Terminal Market Trends
- Market Opportunity Assessment
- Middle East and Africa POS Terminal Market Share, By Countries
- Middle East and Africa POS Terminal Market Share, By Players
- Middle East and Africa POS Terminal Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The Middle East and Africa POS terminal market report provide a detailed analysis of the following market segments:
By POS Terminal Type:
- Portable
- Countertop
- Mobile POS
- PIN Pad
- Multimedia
By End Users:
- Hospitality & Healthcare
- Retail & e-Commerce
- Government & Transportation
- Others
By Countries:
- Saudi Arabia
- Kuwait
- UAE
- Qatar
- Bahrain
- Oman
- Turkey
- Egypt
- South Africa
- Nigeria
- Rest of the Middle East and Africa
Middle East & Africa (MEA) POS Terminal Market: FAQs
The market is growing due to the increasing adoption of cashless payment methods and the growing e-commerce industry in the region.
Strict government regulations and policy norms may act as a hurdle to market growth.
The government is focusing on the usage of cashless payments. Consumers are increasingly opting for contactless payment options to minimize the risk of transmitting the virus. This trend is expected to continue, with more merchants adopting contactless payment solutions to meet customer demand.
The POS terminal providers are partnering with banks and other financial institutions to expand their reach in the Middle East and Africa.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. MEA POS Market Overview |
| 3.1 MEA Indicators |
| 3.2 MEA POS Market Revenues & Volume, 2016-2026F |
| 3.3 MEA POS Market Revenue Share, By Terminals Types, 2019 & 2025F |
| 3.4 MEA POS Market Revenue Share, By End-Users, 2019 & 2025F |
| 3.5 MEA POS Market Revenue Share, By Regions, 2019 & 2025F |
| 3.6 MEA POS Market - Industry Life Cycle |
| 3.7 MEA POS Market - Porter’s Five Forces |
| 4. MEA POS Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. MEA POS Market Trends |
| 6. MEA POS Market Overview, By Terminals Types |
| 6.1 MEA POS Market Revenues & Volume, By Portable, 2016-2026F |
| 6.2 MEA POS Market Revenues & Volume, By Countertop, 2016-2026F |
| 6.3 MEA POS Market Revenues & Volume, By Mobile POS, 2016-2026F |
| 6.4 MEA POS Market Revenues & Volume, By PIN Pad, 2016-2026F |
| 6.5 MEA POS Market Revenues & Volume, By Multimedia, 2016-2026F |
| 7. MEA POS Market Overview, By End-Users |
| 7.1 MEA POS Market Revenues & Volume, By Hospitality & Healthcare, 2016-2026F |
| 7.2 MEA POS Market Revenues & Volume, By Retail & e-Commerce, 2016-2026F |
| 7.3 MEA POS Market Revenues & Volume, By Government & Transportation, 2016-2026F |
| 7.4 MEA POS Market Revenues & Volume, By Others, 2016-2026F |
| 8. Turkey POS Market Overview |
| 8.1 Turkey POS Market Revenues & Volume, 2016-2026F |
| 8.2 Turkey POS Market Revenues, By Terminals Types, 2016-2026F |
| 8.3 Turkey POS Market Revenues, By End-Users, 2016-2026F |
| 9. Saudi Arabia POS Market Overview |
| 9.1 Saudi Arabia POS Market Revenues & Volume, 2016-2026F |
| 9.2 Saudi Arabia POS Market Revenues, By Terminals Types, 2016-2026F |
| 9.3 Saudi Arabia POS Market Revenues, By End-Users, 2016-2026F |
| 10. Qatar POS Market Overview |
| 10.1 Qatar POS Market Revenues & Volume, 2016-2026F |
| 10.2 Qatar POS Market Revenues, By Terminals Types, 2016-2026F |
| 10.3 Qatar POS Market Revenues, By End-Users, 2016-2026F |
| 11. Oman POS Market Overview |
| 11.1 Oman POS Market Revenues & Volume, 2016-2026F |
| 11.2 Oman POS Market Revenues, By Terminals Types, 2016-2026F |
| 11.3 Oman POS Market Revenues, By End-Users, 2016-2026F |
| 12. Kuwait POS Market Overview |
| 12.1 Kuwait POS Market Revenues & Volume, 2016-2026F |
| 12.2 Kuwait POS Market Revenues, By Terminals Types, 2016-2026F |
| 12.3 Kuwait POS Market Revenues, By End-Users, 2016-2026F |
| 13. UAE POS Market Overview |
| 13.1 UAE POS Market Revenues & Volume, 2016-2026F |
| 13.2 UAE POS Market Revenues, By Terminals Types, 2016-2026F |
| 13.3 UAE POS Market Revenues, By End-Users, 2016-2026F |
| 14. Bahrain POS Market Overview |
| 14.1 Bahrain POS Market Revenues & Volume, 2016-2026F |
| 14.2 Bahrain POS Market Revenues, By Terminals Types, 2016-2026F |
| 14.3 Bahrain POS Market Revenues, By End-Users, 2016-2026F |
| 15. South Africa POS Market Overview |
| 15.1 South Africa POS Market Revenues & Volume, 2016-2026F |
| 15.2 South Africa POS Market Revenues, By Terminals Types, 2016-2026F |
| 15.3 South Africa POS Market Revenues, By End-Users, 2016-2026F |
| 16. Nigeria POS Market Overview |
| 16.1 Nigeria POS Market Revenues & Volume, 2016-2026F |
| 16.2 Nigeria POS Market Revenues, By Terminals Types, 2016-2026F |
| 16.3 Nigeria POS Market Revenues, By End-Users, 2016-2026F |
| 17. Egypt POS Market Overview |
| 17.1 Egypt POS Market Revenues & Volume, 2016-2026F |
| 17.2 Egypt POS Market Revenues, By Terminals Types, 2016-2026F |
| 17.3 Egypt POS Market Revenues, By End-Users, 2016-2026F |
| 18. Rest of the MEA POS Market Overview |
| 18.1 Rest of the ME&A POS Market Revenues & Volume, 2016-2026F |
| 18.2 Rest of the ME&A POS Market Revenues & Volume, By Terminal Types, 2016-2026F |
| 18.3 Rest of the ME&A POS Market Revenues & Volume, By End Users, 2016-2026F |
| 19. MEA POS Market - Opportunity Assessment |
| 19.1 MEA POS Market Opportunity Assessment, By Terminal Types, 2025F |
| 19.2 MEA POS Market Opportunity Assessment, By End-Users, 2025F |
| 19.3 MEA POS Market Opportunity Assessment, By Regions, 2025F |
| 20. MEA POS Market Competitive Landscape |
| 20.1 MEA POS Market Revenue Share, By Companies, 2019 |
| 20.1.1 Turkey POS Market Revenue Share, By Companies, 2019 |
| 20.1.2 Saudi Arabia POS Market Revenue Share, By Companies, 2019 |
| 20.1.3 Qatar POS Market Revenue Share, By Companies, 2019 |
| 20.1.4 Oman POS Market Revenue Share, By Companies, 2019 |
| 20.1.5 Bahrain POS Market Revenue Share, By Companies, 2019 |
| 20.1.6 UAE POS Market Revenue Share, By Companies, 2019 |
| 20.1.7 Kuwait POS Market Revenue Share, By Companies, 2019 |
| 20.1.8 South Africa POS Market Revenue Share, By Companies, 2019 |
| 20.1.9 Nigeria POS Market Revenue Share, By Companies, 2019 |
| 20.1.10 Egypt POS Market Revenue Share, By Companies, 2019 |
| 20.2 MEA POS Market Competitive Benchmarking, By Operating & Technical Parameters |
| 21. Company Profiles |
| 22. Key Recommendations |
| 23. Disclaimer |
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