Retail POS Terminal Market Top Players, Segments & Regional Trends By 2034

Straits Research published a report, “Global Retail POS Terminal Market Size & Outlook, 2026–2034”. According to the study, the market size is valued at USD 36.9 billion in 2025 and is projected to expand to USD 92.8 billion by 2034, registering a compound annual growth rate (CAGR) of 10.7%.

Market Dynamics

Driving factors for the Retail POS Terminal Market include the increasing adoption of omnichannel retail experiences, ever-growing digital payment penetration, and a growing inclination toward seamless transaction processes both in-store and online. Additionally, the demand is driven because modern retail formats such as supermarkets, convenience stores, and quick-service retail have spread widely, with customers expecting speed, security, and flexibility more than ever before at checkout.

Government initiatives for digital transactions, especially in emerging economies like India, Brazil, and parts of Southeast Asia, will provide further impetus to the adoption of POS solutions. The investments being made by manufacturers and solution providers in cloud-based POS platforms, integration of AI-driven analytics, and the rise of mobile and virtual POS systems are unlocking new revenue streams. Continuous adoption of self-checkout kiosks and contactless modes of payment is changing the way shoppers shop and is very supportive of the transformation in retail infrastructure globally.

Market Highlights

• Segmental Leadership: Countertop POS Terminals hold the largest share (38.21%), driven by significant use of fixed POS systems in large retail formats.
• Deployment Outlook: The segment of Cloud-Based POS Solutions is set to record the fastest growth at a CAGR of about 13.19% during the forecast period.
• Component Insight: The Software segment leads with a revenue share of 37.68% in 2025, driving adoption due to analytics, scalability, and integration capabilities.
• End-Use Insight: The Supermarkets segment is projected to achieve the fastest growth (11.32%) driven by high transaction volume and omnichannel integration needs.
• Regional Insights: North America dominates with 34.87% share, driven by strong retail infrastructure and early adoption of digital payment technologies.