Europe Point-of-Sale Terminal Market Growth, Size, Trends, Share, Revenue and Future Outlook
Europe Point-of-Sale (POS) Terminal Market Size- By Type, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Mar-2024 | Report ID: IACT2450 | Pages: 1 - 157 | Formats*: |
| Category : Information & Communications Technology | |||
Europe Point-of-Sale (POS) Terminal Market Introduction and Overview
According to SPER Market Research, the Europe Point-of-Sale (POS) Terminal Market is estimated to reach USD 62.53 million by 2033 with a CAGR of 13.04%.
The report includes an in-depth analysis of the Europe Point-of-Sale (POS) Terminal Market, including market size and trends, product mix, distribution channels, and supplier analysis. Point-of-Sale (POS) terminals are electronic devices used in retail stores, gas stations, pharmacies, hospitals, resorts, restaurants, and hotels to accept credit card payments. The growing requirement for reasonably priced wireless communication equipment has increased market demand. Point-of-sale (POS) systems utilize wireless devices to facilitate payments for goods and services. Many operations, such as those in restaurants and rental automobiles, are accelerated by the use of wireless technology. Retail and hospitality businesses employ point-of-sale (POS) terminals to save operating expenses.
- Worldline was selected by the European Central Bank (ECB) in September 2022 to develop a front-end user experience prototype for the digital euro. Worldline aspires to actively contribute to the expansion of the payment sector and, as such, shares the common objective of the ECB and its partners by supporting important and potentially transformative projects like the digital euro.
- In March 2022: PayXpert introduced "PayXpress" and collaborated with NetPay to offer Android point-of-sale (POS) devices to retailers in Taiwan, France, and Spain. Travel, hospitality, and retail businesses, such as lodging facilities, eateries, transportation/taxi services, and high-end clothing labels, will find great success with the PayXpress Point of Sale system. With the help of the solution, businesses may use a single point of sale device to accept Visa, MasterCard, American Express, Alipay, and WeChat.
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Market Opportunities and Challenges
Opportunities: The market will grow as a result of a sharp increase in demand for mobile and contactless point-of-sale terminals and a cheap total cost of ownership as compared to other payment channels.The market has grown as a result of consumers' increasing desire for cashless and contactless transactions. Due to growing digitization, the use of e-payment platforms, and more regulatory action on safe payments driven on by multiple incidents of financial fraud, the market for payment terminals in the region has grown.
Challenges: However, consumers lack appropriate knowledge about mobile device transactions due to a lack of understanding of the advantages of contactless payments, which makes it difficult to send and receive money using mobile wallets or other related apps. This may impede the expansion of the market throughout the area.
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Market Competitive Landscape
The Europe POS Terminal market is highly fragmented and competitive environment. Major market players include Ingenico Group (Worldline), NEC Corporation, NCR Corporation, Izettle UK (Paypal), and Verifone Inc. Technological improvements in the market are also providing significant competitive advantages to organizations, and the market is witnessing several alliances.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By End User |
| Regions covered | Germany, France, Italy, Spain, UK, Rest of Europe |
| Companies Covered | Asseco South Eastern Europe SA, Aures Technologies SA, Concardis GmbH (Nets Group), Ingenico Group (Worldline), Izettle UK (Paypal), myPOS World Ltd, NCR Corporation, NEC Corporation, PAX Technology Ltd, POSBank Co. Ltd, Sharp Electronics, Sumup Inc., Vectron System AG, Others. |
COVID-19 Impact on Europe Point-of-Sale (POS) Terminal Market
The COVID-19 epidemic also increased consumer demand for contactless payment methods, necessitating the use of point-of-sale (POS) terminals with NFC, RFID, and other technologies to take payments using digital interface cards or contactless chip cards. The European Point-of-Sale (POS) terminal market was greatly affected by the COVID-19 epidemic, which also changed retail dynamics and consumer behavior. Lockdowns and other social distancing tactics caused traditional brick and mortar establishments to see a decrease in foot traffic, which in turn caused a decrease in the demand for point-of-sale (POS) terminals. Sales of POS systems were further hurt by the forced temporary closure of many businesses or their reduced ability to operate.
Key Target Audience:
- Retail Businesses
- Hospitality Industry (Restaurants, Hotels, Bars)
- Entertainment Venues (Cinemas, Theaters, Stadiums)
- Healthcare Facilities
- Financial Institutions
- Transportation Sector
Our in-depth analysis of the Europe Point-of-Sale (POS) Terminal Market includes the following segments:
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| By End User: |
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| By Region: |
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Key Topics Covered in the Report:
- Europe Point-of-Sale (POS) Terminal Market Size (FY’2024-FY’2033)
- Overview of Europe Point-of-Sale (POS) Terminal Market
- Segmentation of Europe Point-of-Sale (POS) Terminal Market By Type (Fixed Point-of-Sale Systems, Mobile/Portable Point-of-Sale Systems)
- Segmentation of Europe Point-of-Sale (POS) Terminal Market By End User (Retail, Entertainment, Healthcare, Hospitality, Others)
- Expansion Analysis of Europe Point-of-Sale (POS) Terminal Market
- Problems and Obstacles in Europe Point-of-Sale (POS) Terminal Market
- Competitive Landscape in the Europe Point-of-Sale (POS) Terminal Market
- Impact of COVID-19 and Demonetization on Europe Point-of-Sale (POS) Terminal Market
- Details on Current Investment in Europe Point-of-Sale (POS) Terminal Market
- Competitive Analysis of Europe Point-of-Sale (POS) Terminal Market
- Prominent Players in the Europe Point-of-Sale (POS) Terminal Market
- SWOT Analysis of Europe Point-of-Sale (POS) Terminal Market
- Europe Point-of-Sale (POS) Terminal Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Europe Point-of-Sale (POS) Terminal Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Point-of-Sale (POS) Terminal Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Point-of-Sale (POS) Terminal Market
7. Europe Point-of-Sale (POS) Terminal Market, By Type (USD Million)
7.1. Europe Point-of-Sale (POS) Terminal Market Value Share and Forecast, By Type, 2024-20337.2. Fixed Point-of-Sale Systems7.3. Mobile/Portable Point-of-Sale Systems
8. Europe Point-of-Sale (POS) Terminal Market, By End User (USD Million)
8.1. Europe Point-of-Sale (POS) Terminal Market Value Share and Forecast, By End User, 2024-20338.2. Retail8.3. Entertainment8.4. Healthcare8.5. Hospitality8.6. Others
9. Europe Point-of-Sale (POS) Terminal Market Forecast, 2020-2033 (USD Million)
9.1. Europe Point-of-Sale (POS) Terminal Market Size and Market Share
10. Europe Point-of-Sale (POS) Terminal Market, By Type, 2020-2033 (USD Million)
10.1. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By Type (2020-2026)10.2. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By Type (2027-2033)
11. Europe Point-of-Sale (POS) Terminal Market, By End User, 2020-2033 (USD Million)
11.1. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By End User (2020-2026)11.2. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By End User (2027-2033)
12. Europe Point-of-Sale (POS) Terminal Market, By Region, 2020-2033 (USD Million)
12.1. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By Region (2020-2026)12.2. Europe Point-of-Sale (POS) Terminal Market Size and Market Share By Region (2027-2033)12.3. Germany12.4. France12.5. Italy12.6. Spain12.7. UK12.8. Rest of Europe
13. Company Profile
13.1. Asseco South Eastern Europe SA13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. Aures Technologies SA13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. Concardis GmbH (Nets Group)13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. Ingenico Group (Worldline)13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Izettle UK (Paypal)13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. myPOS World Ltd13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. NCR Corporation13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. NEC Corporation13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. PAX Technology Ltd13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments13.10. POSBank Co. Ltd13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments13.11. Sharp Electronics13.11.1. Company details13.11.2. Financial outlook13.11.3. Product summary13.11.4. Recent developments13.12. Sumup Inc.13.12.1. Company details13.12.2. Financial outlook13.12.3. Product summary13.12.4. Recent developments13.13. Vectron System AG13.13.1. Company details13.13.2. Financial outlook13.13.3. Product summary13.13.4. Recent developments13.14. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Point-of-Sale (POS) Terminal Market is projected to reach USD 62.53 million by 2033, growing at a CAGR of 13.04% during the forecast period.
Europe Point-of-Sale (POS) Terminal Market size from 2022. The Market is expected to reach USD 62.53 million by 2033, at a CAGR of 13.04% during the forecast period.
Europe Point-of-Sale (POS) Terminal Market CAGR of 13.04% during the forecast period.
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Europe Point-of-Sale (POS) Terminal Market size is 62.53 million from 2024 to 2033.
Europe Point-of-Sale (POS) Terminal Market Segment is covered By Type, By End User.
The Europe is anticipated to have the highest market share in the Europe Point-of-Sale (POS) Terminal Market.
The key players in the market include Companies Covered Asseco South Eastern Europe SA, Aures Technologies SA, Concardis GmbH (Nets Group), Ingenico Group (Worldline), Izettle UK (Paypal), myPOS World Ltd, NCR Corporation, NEC Corporation, PAX Technology Ltd, POSBank Co. Ltd, Sharp Electronics, Sumup Inc., Vectron System AG, Others.
Point-of-sale (POS) systems utilize wireless devices to facilitate payments for goods and services. Many operations, such as those in restaurants and rental automobiles.
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