Global Contactless PoS Terminals Industry Insights: Market Size, Growth Analysis and Forecast
Report ID : 1306747 | Published : May 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Contactless PoS Terminals Industry is categorized based on Product Type (Mobile PoS Terminals, Fixed PoS Terminals, Smart PoS Terminals, Integrated PoS Terminals) and End User (Retail, Hospitality, Healthcare, Transportation, Others) and Technology (NFC (Near Field Communication), RFID (Radio Frequency Identification), Magstripe, EMV (Europay, MasterCard, and Visa)) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Contactless PoS Terminals Industry was worth $12.5 billion in 2023 and is forecasted to reach $45.0 billion by 2033, growing at a CAGR of 14.0% over the period 2024-2033. This report covers various segments and analyzes the key trends and factors influencing the market significantly.
The Contactless Point of Sale (PoS) terminals market has experienced new changes in recent times due to the contactless payment methods. The businesses and consumers are looking out for convenient, simple and secure transaction methods which surge the demand for contactless PoS Solution. These systems reduce customer experience wait times and also help lap merchants streamline their operations and transactional efficiency.
The recent global events has caused a shift towards digital payments which has heavily affected contactless PoS terminals market. A surge in these technologies investment to meet consumer demands is seen from Retailers, Restaurants and other service providers. This shift highlights the efforts businesses need to take to keep up with advancements in demand for innovative payment solutions and the stiff competition in the market.
Understanding the dynamics of the Contactless PoS Terminals market explains the key drivers challenges and opportunities for this industry along with the existing trends that allow analyzing the preferences in the market. Our goal is to share insights to help businesses with better evolvement strategies.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Verifone, Ingenico, Square, Clover, PAX Technology, BBPOS, Newland Payment Technology, SZZT Electronics, Castles Technology, Nexgo, Epson |
| SEGMENTS COVERED |
By Product Type - Mobile PoS Terminals, Fixed PoS Terminals, Smart PoS Terminals, Integrated PoS Terminals
By End User - Retail, Hospitality, Healthcare, Transportation, Others
By Technology - NFC (Near Field Communication), RFID (Radio Frequency Identification), Magstripe, EMV (Europay, MasterCard, and Visa)
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Contactless PoS Terminals Industry Dynamics
The Contactless PoS Terminals Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Contactless PoS Terminals Industry Segmentations
Market Breakup by Product Type
- Overview
- Mobile PoS Terminals
- Fixed PoS Terminals
- Smart PoS Terminals
- Integrated PoS Terminals
Market Breakup by End User
- Overview
- Retail
- Hospitality
- Healthcare
- Transportation
- Others
Market Breakup by Technology
- Overview
- NFC (Near Field Communication)
- RFID (Radio Frequency Identification)
- Magstripe
- EMV (Europay, MasterCard, and Visa)
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Contactless PoS Terminals Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Verifone
- Ingenico
- Square
- Clover
- PAX Technology
- BBPOS
- Newland Payment Technology
- SZZT Electronics
- Castles Technology
- Nexgo
- Epson
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Company Profiling
● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)
Competitive Benchmarking
● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.
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