The global Point-Of-Sale Terminals market size is expected to be worth around US$ 230.91 billion by 2030, according to a new report by Vision Research Reports.
The global Point-Of-Sale Terminals market size was valued at US$ 80.08 billion in 2020 and is anticipated to grow at a CAGR of 16.9% during forecast period 2021 to 2030.
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Growth Factors
Many industries, such as manufacturing, automobile, entertainment, restaurant, and hospitality, have lost their business due to strict social distancing rules and complete lockdown imposed in most of the countries to control the spread of the novel coronavirus. The slumped businesses affected the product demand across the industries.
For instance, Europe and the Middle East regions are tourist hotspots that have suffered losses due to international travel restrictions. However, the retail and healthcare sectors are expected to exhibit product demand for point-of-sale (POS) terminals for The market is expected to regain its foothold across industries by 2021; also, Mobile Point-of-Sale (mPOS) and contactless payment terminals are in high demand currently as they contribute to the effort of containing the spread of coronavirus.
The market is anticipated to grow substantially over the forecast period owing to rising product demand in various applications, such as Customer Relationship Management (CRM), reporting, payment processing, among others....
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