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.
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.
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:
|
By Type: |
Fixed Point-of-Sale Systems
Mobile/Portable Point-of-Sale Systems
|
|
By End User: |
Retail
Entertainment
Healthcare
Hospitality
|
|
By Region: |
Germany
France
Italy
Spain
UK
Rest of Europe
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. 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. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Point-of-Sale (POS) Terminal Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Europe Point-of-Sale (POS) Terminal Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2024-2033
7.2. Fixed Point-of-Sale Systems
7.3. 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, 2024-2033
8.2. Retail
8.3. Entertainment
8.4. Healthcare
8.5. Hospitality
8.6. 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. Germany
12.4. France
12.5. Italy
12.6. Spain
12.7. UK
12.8. Rest of Europe
13. Company Profile
13.1. Asseco South Eastern Europe SA
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Aures Technologies SA
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Concardis GmbH (Nets Group)
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Ingenico Group (Worldline)
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Izettle UK (Paypal)
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. myPOS World Ltd
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. NCR Corporation
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. NEC Corporation
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. PAX Technology Ltd
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. POSBank Co. Ltd
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Sharp Electronics
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. Sumup Inc.
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Vectron System AG
13.13.1. Company details
13.13.2. Financial outlook
13.13.3. Product summary
13.13.4. Recent developments
13.14. 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.
