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Point of Sales (POS) Terminals Market size Dec 09, 2019
Point of Sales (POS) Terminals Market size is expected to reach $92.2 billion
by 2024, rising at a market growth of 7.4% CAGR during the forecast period.The increased Internet penetration and payment solutions, such as online payments, stationary telephones and mobile payments have given the POS terminal market a boost. With electronic and email receipts, POS terminals are gradually shifting to paperless, digital format.  Increased acceptance of debit and credit cards has also led to high demand for these appliances. The industry is migrating towards EMV chip card payments through progress in payment technologies, which are anticipated to further enhance the market momentum of point of sale (POS) terminals over the coming years.
The North America market would dominate the Global Retail Point-of-Sale (POS) Terminals Market by Region by 2024 growing at a CAGR of 4.7 % during the forecast period. The Europe market is expected to witness a CAGR of 5.3% during (2018 - 2024). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.7% during (2018 - 2024). Asia Pacific is being projected to grow as a money-spinning market which would register the highest CAGR in the years to come. Higher income levels and improved standards of living in developing nations like India, are paving opportunities for retail markets to thrive, thereby boosting the demand of product.
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