South America Point of Sale (PoS) Market Growth, Size, Trends, Demand, Share and future Outlook
South America Point of Sale (PoS) Market Size- By Component, By Type, By Deployment, By Operating System, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Sep-2024 | Report ID: IACT24164 | Pages: 1 - 158 | Formats*: |
| Category : Information & Communications Technology | |||
South America Point of Sale (PoS) Market Introduction and Overview
According to SPER Market Research, the South America Point of Sale (PoS) Market is estimated to reach USD XX million by 2033 with a CAGR of 16.11%.
The report includes an in-depth analysis of the South America Point of Sale (PoS) Market, including market size and trends, product mix, applications, and supplier analysis. The Point-of-Sale (POS) terminal is an electronic device used to process card payments at various sites such as hospitals, pharmacies, resorts, restaurants, hotels, petrol stations, and retail stores. POS systems make use of wireless devices to accept payments for goods and services. Wireless technology streamlines a variety of procedures, ranging from rental cars to restaurants. Businesses in the retail and hospitality industries utilise POS terminals for remittance as well as other operational functions including accounting, sales tracking, and inventory management.
- Apple Pay Point of Sale (PoS) terminals were introduced by the company in Argentina in March 2022. It allowed Apple customers to use their credit or debit cards to make payments using their smartphones. They are used by merchants, restaurants, supermarkets, pharmacies, taxis, and other establishments.
- December 2021: Redelcom, which also offered financial services to SMEs in Chile, was acquired by Mercado Libre, a PoS market participant with headquarters in Argentina. The objective of the organisation was to enhance digital financial solutions and various payment methods in order to grow its geographical presence and consolidate its value proposition.
Market Opportunities and Challenges
Opportunities- Increased Internet penetration and Smartphone adoption are driving up demand for point-of-sale (POS) terminals. The market for point-of-sale (POS) terminals has been growing significantly over the past several years as a result of POS technology's versatility and ease of use. Because mobile point-of-sale (POS) machines provide a better user experience than traditional payment methods, they are gradually replacing them. The most recent POS terminals provide extra features including accounting, inventory control, and sales tracking. Touchscreen point-of-sale (POS) terminals enhance the user experience by providing quick checkout and quick payment processing. Additionally, they can aid in precisely tracking both the ordered and in-stock items.
Challenges- Local Cash-Based Economy to Hinder Market Expansion: The use and trust factor of digital payments are diminished by a high degree of cash usage and restricted access to banking services. It is difficult for PoS providers to implement their technology in many countries because cash is still the preferred payment method despite efforts to promote the usage of electronic payments. Furthermore, a sizable section of the populace is still unbanked, which restricts their usage of conventional payment methods. In places where banking services are scarce, businesses have instead implemented cash-based payment systems. These factors impede the growth of the market by decreasing the implementation and utilisation of PoS solutions and contactless payment techniques.
Market Competitive Landscape
The market is very competitive, with several important competitors. Some notable players in the market include Gertec, Elavon Inc, PagSeguro Digital Ltd, StoneCo Ltd, Ingenico Group (Worldline), PAX Global Technology Limited, Paguelo Facil, Mercado Pago, KeyCorp, Ualá.
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 Component, By Type, By Deployment, By Operating System, By End-User. |
| Regions covered | Brazil, Argentina, Colombia, Peru, Chile, Rest of South America. |
| Companies Covered | Gertec, Elavon Inc, PagSeguro Digital Ltd, StoneCo Ltd, Ingenico Group (Worldline), PAX Global Technology Limited, Paguelo Facil, Mercado Pago, KeyCorp, Ualá. |
COVID-19 Impact on South America Point of Sale (PoS) Market
The COVID-19 pandemic harmed the worldwide economy. Several countries implemented nationwide lockdowns and social distancing rules, which had a negative impact on a variety of sectors, including point-of-sale terminals. The uncertainty surrounding the duration of the lockdowns made it impossible for important market players to forecast the recovery of the point-of-sale terminals market. The COVID-19 outbreak put a lot of strain on several POS terminal vendors. However, economies are shifting their focus from pandemic response to economic recovery, and as a result, various growth opportunities for point-of-sale terminal market players are expected to emerge as demand for seamless shopping experiences grows and smart payment solutions become more widely adopted.
Key Target Audience:
- Retailers and Merchants
- Restaurants and Hospitality
- E-commerce and Online Businesses
- Banks and Financial Institutions
- Payment Solution Providers
- Government and Public Sector
- Telecommunications Providers
- Logistics and Transportation
Our in-depth analysis of the South America Point of Sale (PoS) Market includes the following segments:
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Key Topics Covered in the Report:
- South America Point of Sale (PoS) Market Size (FY’2024-FY’2033)
- Overview of South America Point of Sale (PoS) Market
- Segmentation of South America Point of Sale (PoS) Market By Component (Hardware, PoS Terminal Software)
- Segmentation of South America Point of Sale (PoS) Market By Type (Fixed PoS, Mobile PoS, Others)
- Segmentation of South America Point of Sale (PoS) Market By Deployment (On-premise, Cloud-based)
- Segmentation of South America Point of Sale (PoS) Market By Operating System (Windows/Linux, Android, iOS)
- Segmentation of South America Point of Sale (PoS) Market By End-User (Restaurants, Retail, Entertainment, Others)
- Statistical Snap of South America Point of Sale (PoS) Market
- Expansion Analysis of South America Point of Sale (PoS) Market
- Problems and Obstacles in South America Point of Sale (PoS) Market
- Competitive Landscape in the South America Point of Sale (PoS) Market
- Impact of COVID-19 and Demonetization on South America Point of Sale (PoS) Market
- Details on Current Investment in South America Point of Sale (PoS) Market
- Competitive Analysis of South America Point of Sale (PoS) Market
- Prominent Players in the South America Point of Sale (PoS) Market
- SWOT Analysis of South America Point of Sale (PoS) Market
- South America Point of Sale (PoS) 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 source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the South America Point of Sale (PoS) Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South America Point of Sale (PoS) Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South America Point of Sale (PoS) Market
7. South America Point of Sale (PoS) Market, By Component (USD Million) 2020-2033
7.1. South America Point of Sale (PoS) Market Size, Share and Forecast, By Component, 2020-20267.2. South America Point of Sale (PoS) Market Size, Share and Forecast, By Component, 2027-20337.3. Hardware7.4. PoS Terminal Software
8. South America Point of Sale (PoS) Market, By Type (USD Million) 2020-2033
8.1. South America Point of Sale (PoS) Market Size, Share and Forecast, By Type, 2020-20268.2. South America Point of Sale (PoS) Market Size, Share and Forecast, By Type, 2027-20338.3. Fixed PoS8.4. Mobile PoS8.5. Others
9. South America Point of Sale (PoS) Market, By Deployment (USD Million) 2020-2033
9.1. South America Point of Sale (PoS) Market Size, Share and Forecast, By Deployment, 2020-20269.2. South America Point of Sale (PoS) Market Size, Share and Forecast, By Deployment, 2027-20339.3. On-premise9.4. Cloud-based
10. South America Point of Sale (PoS) Market, By Operating System (USD Million) 2020-2033
10.1. South America Point of Sale (PoS) Market Size, Share and Forecast, By Operating System, 2020-202610.2. South America Point of Sale (PoS) Market Size, Share and Forecast, By Operating System, 2027-203310.3. Windows/Linux10.4. Android10.5. iOS
11. South America Point of Sale (PoS) Market, By End-User (USD Million) 2020-2033
11.1. South America Point of Sale (PoS) Market Size, Share and Forecast, By End-User, 2020-202611.2. South America Point of Sale (PoS) Market Size, Share and Forecast, By End-User, 2027-203311.3. Restaurants11.4. Retail11.5. Entertainment11.6. Others
12. South America Point of Sale (PoS) Market Forecast, 2020-2033 (USD Million)
12.1. South America Point of Sale (PoS) Market Size and Market Share
13. South America Point of Sale (PoS) Market, By Region, 2020-2033 (USD Million)
13.1. South America Point of Sale (PoS) Market Size and Market Share By Region (2020-2026)13.2. South America Point of Sale (PoS) Market Size and Market Share By Region (2027-2033)13.3. Brazil13.4. Argentina13.5. Colombia13.6. Peru13.7. Chile13.8. Rest of South America
14. Company Profile
14.1. Gertec
14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments
14.2. Elavon Inc
14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments
14.3. PagSeguro Digital Ltd
14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments
14.4. StoneCo Ltd
14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments
14.5. Ingenico Group (Worldline)
14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments
14.6. PAX Global Technology Limited
14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments
14.7. Paguelo Facil
14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary14.7.4. Recent developments
14.8. Mercado Pago (Mercado Libre)
14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments
14.9. KeyCorp
14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments
14.10. Ualá
14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments
14.11. Others
15. Conclusion
16. List of Abbreviations
17. Reference Links
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
South America Point of Sale (PoS) Market is projected to reach USD XX million by 2033, growing at a CAGR of 16.11% during the forecast period.
South America Point of Sale (PoS) Market grew in Market size from 2024. The Market is expected to reach USD XX million by 2033, at a CAGR of 16.11% during the forecast period.
South America Point of Sale (PoS) Market CAGR of 16.11% during the forecast period.
You can get the sample pages by clicking the link - Click Here
South America Point of Sale (PoS) Market size is USD XX million from 2024 to 2033.
South America Point of Sale (PoS) Market is covered By Component, By Type, By Deployment, By Operating System, By End-User.
The Central and South America is anticipated to have the highest Market share in the South America Point of Sale (PoS) Market.
The key players in the Market include Companies Covered Procter & Gamble Co, Godrej Consumer Products Limited, Kao Corporation, The clorox company india Private Limited, Reckitt Benckiser Group Plc, Colgate-Palmolive(International), Lion Corporation, S. C. Johnson & Son, Inc, McBride plc, Bolton Group Srl, Henkel AG & Company, KGaA, Unilever.
The Point-of-Sale (POS) terminal is an electronic device used to process card payments at various sites such as hospitals, pharmacies, resorts, restaurants, hotels, petrol stations, and retail stores. POS systems make use of wireless devices to accept payments for goods and services.
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