Product Code: ETC13258320 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Grocery & Pharmacy Point of Sale Terminal Market was valued at USD 3.8 Billion in 2024 and is expected to reach USD 7.2 Billion by 2031, growing at a compound annual growth rate of 16.09% during the forecast period (2025-2031).
The Global Grocery & Pharmacy Point of Sale Terminal Market is witnessing significant growth driven by the increasing adoption of digital payment solutions and the growing trend of online shopping. Point of Sale terminals are crucial for streamlining transactions, managing inventory, and enhancing customer experience in grocery stores and pharmacies. The market is characterized by the integration of advanced technologies such as NFC, EMV, and mobile payments to ensure secure and efficient payment processing. Key players in the market are focusing on developing user-friendly and feature-rich POS terminals to meet the evolving needs of retailers. Additionally, the market is witnessing a shift towards cloud-based POS systems that offer scalability and real-time data analytics. With the increasing demand for contactless payments and the expansion of retail networks globally, the Global Grocery & Pharmacy Point of Sale Terminal Market is expected to experience continued growth in the coming years.
The Global Grocery & Pharmacy Point of Sale Terminal Market is witnessing a significant shift towards cloud-based POS systems, enabling real-time data access and analysis for better decision-making. With the increasing adoption of omnichannel retail strategies, there is a growing demand for POS terminals that offer seamless integration with e-commerce platforms and mobile payment options. The market is also seeing a rise in the implementation of AI and machine learning technologies in POS systems to enhance customer experience through personalized promotions and recommendations. Moreover, the emphasis on data security and compliance with stringent regulations is creating opportunities for vendors offering advanced encryption and authentication features in their POS terminals. Overall, the market is poised for innovation and growth as retailers and pharmacies strive to enhance operational efficiency and customer satisfaction.
The Global Grocery & Pharmacy Point of Sale Terminal Market faces several challenges, including increasing competition among vendors leading to pricing pressures, ensuring data security and compliance with regulations to protect customer information, integrating new technologies such as mobile payment options and cloud-based systems, and providing seamless omni-channel experiences for customers. Additionally, the market must address the need for scalability and customization to meet the diverse requirements of grocery stores and pharmacies of varying sizes and complexities. Keeping up with rapidly evolving consumer preferences, such as the demand for contactless payment methods and personalized promotions, also presents a challenge. Overall, the industry must continuously innovate and adapt to stay competitive and meet the changing needs of retailers and consumers alike.
The Global Grocery & Pharmacy Point of Sale Terminal Market is primarily driven by the increasing adoption of digital payment methods, the growing demand for streamlined and efficient checkout processes, and the need for inventory management and analytics capabilities. Retailers in the grocery and pharmacy sectors are investing in point of sale terminals to enhance customer experience, improve operational efficiency, and gain valuable insights into consumer behavior. Additionally, the rise of omnichannel retailing and the integration of advanced technologies such as cloud-based solutions, mobile POS systems, and data analytics are fueling the market growth. The trend towards contactless payments and the increasing focus on data security and compliance are also key drivers influencing the market dynamics.
Government policies related to the Global Grocery & Pharmacy Point of Sale Terminal Market primarily focus on data security and consumer protection. Regulations require compliance with data protection laws to safeguard sensitive customer information stored within the point of sale terminals. Additionally, governments may impose standards for transaction security to prevent fraud and protect consumer financial data. Taxation policies also play a role, with governments levying sales taxes on transactions processed through these terminals. Lastly, some regions may have regulations regarding the use of electronic payment methods and may promote the adoption of secure technologies to enhance overall payment system integrity. Overall, government policies aim to ensure the security, integrity, and fairness of transactions in the Global Grocery & Pharmacy Point of Sale Terminal Market.
The Global Grocery & Pharmacy Point of Sale Terminal Market is expected to witness steady growth in the coming years, driven by the increasing demand for efficient and streamlined checkout processes in retail stores. Technological advancements such as cloud-based POS systems, mobile payment options, and integration with inventory management software are anticipated to enhance the overall shopping experience for consumers. Moreover, the growing trend towards omnichannel retailing and the adoption of contactless payment solutions post-pandemic are likely to fuel the market growth further. The market is also projected to benefit from the rising emphasis on data analytics to understand consumer behavior and improve operational efficiency. Overall, the Global Grocery & Pharmacy Point of Sale Terminal Market is poised for expansion, with innovation and convenience being the key driving factors.
In the Global Grocery & Pharmacy Point of Sale Terminal Market, Asia is expected to witness significant growth due to the increasing adoption of digital payment solutions in countries like China and India. North America is projected to dominate the market, driven by the presence of major players and advanced retail infrastructure. Europe is also a key market, with the focus on enhancing customer experience through innovative POS technologies. The Middle East and Africa region is experiencing a shift towards modernizing retail operations, driving the demand for POS terminals. Latin America is showing steady growth, supported by the expanding retail sector and rising consumer spending. Overall, the global grocery and pharmacy POS terminal market is expected to witness steady growth across all regions, driven by technological advancements and the increasing preference for contactless payment solutions.
Global Grocery & Pharmacy Point of Sale Terminal Market |
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 Global Grocery & Pharmacy Point of Sale Terminal Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 & 2031F |
3.3 Global Grocery & Pharmacy Point of Sale Terminal Market - Industry Life Cycle |
3.4 Global Grocery & Pharmacy Point of Sale Terminal Market - Porter's Five Forces |
3.5 Global Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Global Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Global Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F |
4 Global Grocery & Pharmacy Point of Sale Terminal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Grocery & Pharmacy Point of Sale Terminal Market Trends |
6 Global Grocery & Pharmacy Point of Sale Terminal Market, 2021 - 2031 |
6.1 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Hardware, 2021 - 2031 |
6.1.3 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Software, 2021 - 2031 |
6.2 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Fixed POS, 2021 - 2031 |
6.2.3 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Mobile POS/EFT-POS Terminals, 2021 - 2031 |
6.3 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Grocery, 2021 - 2031 |
6.3.3 Global Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Pharmacy, 2021 - 2031 |
7 North America Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
7.1 North America Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
7.2 North America Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
7.4 North America Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
7.5 North America Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
8 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
8.1 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
8.4 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
8.5 Latin America (LATAM) Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
9 Asia Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
9.1 Asia Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
9.4 Asia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
9.5 Asia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
10 Africa Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
10.1 Africa Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
10.4 Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
10.5 Africa Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
11 Europe Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
11.1 Europe Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
11.4 Europe Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
11.5 Europe Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
12 Middle East Grocery & Pharmacy Point of Sale Terminal Market, Overview & Analysis |
12.1 Middle East Grocery & Pharmacy Point of Sale Terminal Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Component, 2021 - 2031 |
12.4 Middle East Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By Type, 2021 - 2031 |
12.5 Middle East Grocery & Pharmacy Point of Sale Terminal Market, Revenues & Volume, By End-user Industry, 2021 - 2031 |
13 Global Grocery & Pharmacy Point of Sale Terminal Market Key Performance Indicators |
14 Global Grocery & Pharmacy Point of Sale Terminal Market - Export/Import By Countries Assessment |
15 Global Grocery & Pharmacy Point of Sale Terminal Market - Opportunity Assessment |
15.1 Global Grocery & Pharmacy Point of Sale Terminal Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Grocery & Pharmacy Point of Sale Terminal Market Opportunity Assessment, By Component, 2021 & 2031F |
15.3 Global Grocery & Pharmacy Point of Sale Terminal Market Opportunity Assessment, By Type, 2021 & 2031F |
15.4 Global Grocery & Pharmacy Point of Sale Terminal Market Opportunity Assessment, By End-user Industry, 2021 & 2031F |
16 Global Grocery & Pharmacy Point of Sale Terminal Market - Competitive Landscape |
16.1 Global Grocery & Pharmacy Point of Sale Terminal Market Revenue Share, By Companies, 2024 |
16.2 Global Grocery & Pharmacy Point of Sale Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |