Point of Sale Terminals Market Size- KBV Research

The Global Point of Sale 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. A point-of-sale (POS) terminal is a hardware system for handling card payments at retail locations. A software is embedded inside the hardware to read magnetic credit and debit card strips. The next generation of POS systems are portable devices (i.e., terminals that are not anchored to counters), which are either proprietary or third-party, and reflect contactless capabilities for the emerging forms of mobile payments. Essentially, POS terminals are standard-issue computers who run software that is designed to enable the necessary operations of a store at the point of sale. The point of sale (also called the point of purchase) is any location wherever transactions occur in a store. In majority of retail locations, the point of sale can be found at designated counters or the checkout area.