South Africa POS Terminal Market report thoroughly covers the market by technology, types, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing South Africa POS terminal market trends, opportunities, high growth areas, market drivers, and market revenue share ranking by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
South Africa POS Terminal Market Synopsis
South Africa POS terminal market witnessed steady growth during 2018-19, owing to increased card transaction volume in the retail, entertainment & hospitality sectors. In 2020, South Africa POS terminal market was negatively impacted by the COVID-19 pandemic outburst, which resulted in a temporary shutdown of retail stores. Also, most of the new projects in the offline retail and hospitality sector were halted, resulting in a fall in demand for POS terminals. However, the market revived soon and is expected to grow further during the forecast period on account of the expansion of the retail sector and rapid growth in non-cash transactions post-covid.
According to 6Wresearch, South Africa POS Terminal Market size is projected to grow at a CAGR of 9.9% during 2022-2028. South Africa POS terminal market would likely experience substantial growth in the forthcoming period owing to the shift in consumer behavior accelerated by the COVID-19 pandemic towards the non-cash mode of payments as the country's payments infrastructure is evolving. Further, the growing preference for adopting cashless methods of transactions among the end-users on account of hassle-free transactions would drive the market growth for POS terminals in the future.
Market by Product Types Analysis
By types, Countertop POS terminals dominated the South Africa POS terminal market revenues for the year 2021 owing to the wide application of these payment terminals in the retail and hospitality industries, where most payments are frequently processed in a fixed position on their premises. Additionally, the improvements in technological features have augmented the acceptability of mPOS terminals. Further, the growing preference for the mobile point-of-sale terminal as a payment alternative in E-commerce deliveries would further boost the market's growth in the forthcoming period.
Market by Region Analysis
By regions, the Gauteng region garnered the majority of market share for the year 2021 and would continue to dominate the market in the forthcoming years as the province is considered the financial hub of South Africa and contributes heavily to the economic, manufacturing, transport, technology, and telecommunications sectors, among others. Gauteng also hosts many overseas companies requiring a commercial base in and gateway to Africa. Further, the KwaZulu Natal region is expected to witness the highest growth in the forthcoming period on the back of planned massive infrastructure projects over the following years in the province.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- South Africa POS terminal Market Overview
- South Africa POS terminal Market Outlook
- South Africa POS terminal Market Forecast
- South Africa POS terminal Market Growth
- South Africa POS terminal Market Share
- Historical Data and Forecast of South Africa POS terminal Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By Technology for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By applications for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminals Market Revenues, By Regions for the Period 2018-2028F
- COVID-19 Impact on South Africa POS terminals Market
- South Africa POS terminals Market Drivers and Restraints
- South Africa POS terminals Market Trends
- South Africa POS terminals Market Porter’s Five Forces
- South Africa POS terminals Market Industry Life Cycle
- South Africa POS terminals Market Opportunity Assessment
- South Africa POS terminals Market Revenue Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Technology
- Fixed
- Portable
By Types
- CounterTop
- Integrated
- Smart
- Mobile
By Applications
- Retail
- Entertainment
- Hospitality
- Healthcare
- Others (Fuel Stations, Construction, etc.)
By Regions
- Western Cape
- Gauteng
- KwaZulu Natal
- Rest of South Africa
