| Product Code: ETC6360457 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Belgium`s import shipments of point-of-sale devices in 2024 saw a significant increase in market concentration, with top exporters being Netherlands, Czechia, Germany, Indonesia, and China. The Herfindahl-Hirschman Index (HHI) indicated very high concentration, suggesting a competitive market landscape dominated by a few key players. Despite a negative Compound Annual Growth Rate (CAGR) of -2.1% from 2020 to 2024, the year-on-year growth rate in 2024 further declined by -7.2%. This data indicates a challenging environment for the POS device market in Belgium, potentially driven by various factors impacting the industry.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium POS Device Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium POS Device Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium POS Device Market - Industry Life Cycle |
3.4 Belgium POS Device Market - Porter's Five Forces |
3.5 Belgium POS Device Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Belgium POS Device Market Revenues & Volume Share, By Terminal Type, 2021 & 2031F |
3.7 Belgium POS Device Market Revenues & Volume Share, By Business Size, 2021 & 2031F |
3.8 Belgium POS Device Market Revenues & Volume Share, By Industry Vertical, 2021 & 2031F |
4 Belgium POS Device Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of cashless payment methods in Belgium |
4.2.2 Growing popularity of contactless payment technology |
4.2.3 Government initiatives promoting digital payments |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs associated with POS devices |
4.3.2 Security concerns related to data breaches and fraud |
4.3.3 Lack of standardization in payment processing technologies |
5 Belgium POS Device Market Trends |
6 Belgium POS Device Market, By Types |
6.1 Belgium POS Device Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Belgium POS Device Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Belgium POS Device Market Revenues & Volume, By Hardware, 2021- 2031F |
6.1.4 Belgium POS Device Market Revenues & Volume, By Software, 2021- 2031F |
6.1.5 Belgium POS Device Market Revenues & Volume, By Services, 2021- 2031F |
6.2 Belgium POS Device Market, By Terminal Type |
6.2.1 Overview and Analysis |
6.2.2 Belgium POS Device Market Revenues & Volume, By Fixed POS Terminals, 2021- 2031F |
6.2.3 Belgium POS Device Market Revenues & Volume, By Mobile POS Terminals, 2021- 2031F |
6.3 Belgium POS Device Market, By Business Size |
6.3.1 Overview and Analysis |
6.3.2 Belgium POS Device Market Revenues & Volume, By Turnover<5 Million INR, 2021- 2031F |
6.3.3 Belgium POS Device Market Revenues & Volume, By Turnover 5 Million INR50 Million INR, 2021- 2031F |
6.3.4 Belgium POS Device Market Revenues & Volume, By Turnover 50 Million INR and Above, 2021- 2031F |
6.4 Belgium POS Device Market, By Industry Vertical |
6.4.1 Overview and Analysis |
6.4.2 Belgium POS Device Market Revenues & Volume, By Retail, 2021- 2031F |
6.4.3 Belgium POS Device Market Revenues & Volume, By Hospitality, 2021- 2031F |
6.4.4 Belgium POS Device Market Revenues & Volume, By BFSI, 2021- 2031F |
6.4.5 Belgium POS Device Market Revenues & Volume, By Media and Entertainment, 2021- 2031F |
6.4.6 Belgium POS Device Market Revenues & Volume, By Warehouse, 2021- 2031F |
6.4.7 Belgium POS Device Market Revenues & Volume, By Healthcare, 2021- 2031F |
7 Belgium POS Device Market Import-Export Trade Statistics |
7.1 Belgium POS Device Market Export to Major Countries |
7.2 Belgium POS Device Market Imports from Major Countries |
8 Belgium POS Device Market Key Performance Indicators |
8.1 Average transaction value processed through POS devices |
8.2 Rate of adoption of contactless payment technology |
8.3 Percentage of businesses accepting digital payments |
8.4 Average time taken for POS device installations |
8.5 Level of customer satisfaction with POS device user experience |
9 Belgium POS Device Market - Opportunity Assessment |
9.1 Belgium POS Device Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Belgium POS Device Market Opportunity Assessment, By Terminal Type, 2021 & 2031F |
9.3 Belgium POS Device Market Opportunity Assessment, By Business Size, 2021 & 2031F |
9.4 Belgium POS Device Market Opportunity Assessment, By Industry Vertical, 2021 & 2031F |
10 Belgium POS Device Market - Competitive Landscape |
10.1 Belgium POS Device Market Revenue Share, By Companies, 2024 |
10.2 Belgium POS Device Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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