The Global POS Display Market size was valued at USD 13.66 Billion in 2022 and is expected to surpass USD 27.81 Billion by 2031, expanding at a CAGR of 8.22% during the forecast period, 2023 – 2031. The growth of the market is attributed to the rising demand for surface acoustic wave touch screen technology with benefits such as improved clarity and durability.
The point-of-sale (POS) display is a type of sales promotion in which products are shown in a displayed cabin near and next to bill payment counter. POS display aims to draw the attention of customers to buy more products than their targeted requirements as it is designed to display convenience goods in an attractive manner. The display system is wide adopted across several industries especially in retail and departmental stores to attract consumer’s attention to buy more products.
Market Drivers, Restraints, Trends, and Opportunities
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Rising store formats such as convenience stores, hypermarkets, and supermarkets especially in emerging markets are likely to expand the global POS display market.
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Rapid growth of the multi-channel retail shops is expected to boost the market growth during the forecast period.
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Increasing industries especially in the entertainment and food service sector is projected to increase demand for POS displays; thereby, driving the market.
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Increasing price sensitivity of the POS displays may hinder the market growth during the forecast period.
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Ongoing research and development by the prominent players of the market are presenting numerous opportunities for the expansion of market.
Scope of POS Display Market Report
The report on the global POS display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been involved in the report.
Attributes
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Details
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Report Title
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POS Display Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Applications (Mobile POS and Fixed POS), End-users (Restaurants, Retail, Healthcare, Warehouse, Entertainment, Hospitality, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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Agilysys, Inc.; Duet, Clover Network, Inc.; Diebold Nixdorf, Incorporated; Epicor Software Corporation; Ingenico Group; Intuit, Inc.; Lightspeed; NCR Corporation; Oracle; PAR Technology Corp.; Revel Systems; SAP; ShopKeep; Toast, Inc., and Toshiba Tec Corporation
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Global POS Display Market Segment Insights
Based on applications, the global pos display market is bifurcated into mobile POS and fixed POS. The mobile POS segment is expected to increase its market share significantly during the forecast period. Mobile POS offers a quick payment through apps using a smartphone. In 2019, the fixed POS segment dominated the market by presenting 58% of the global market share. It provides benefits such as employee time clocks, inventory management, gift card management, loyalty programs, a cash drawer, and robust management solutions with business functionality due to which consumer attracts towards it.
On the basis of end-users, the market is segmented into restaurants, retail, healthcare, warehouse, entertainment, hospitality, and others. The restaurant segment is accounted for a substantial CAGR of 10.4% during the analysis period as the restaurants with online delivery service are aimed to increase the POS purchases. Online ordering and delivery are predicted to fuel the POS investments, so that the costly third-party fees for restaurants can be avoided. The segment growth is further pushed by the expansion of the tourism industry which results in the increasing adoption of POS software for better services. In 2019, the retail segment dominated the global POS display market owing to its wide adoption across retail shops.
In terms of regions, the market is generally classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. In 2019, the market in North America was valued at USD 2.3 billion and is expected to hold a major share of the market in the coming years. The regional market growth can be attributed to a high demand, adoption for advanced integrated systems, and the presence of key global players. Rising adoption of the products in retail, restaurants, healthcare, hospitality, and cashless payments are expected to fuel the market growth in the region. On the other hand, the market in Asia Pacific is projected to expand at a substantial CAGR during the analysis period due to the increasing adoption of POS terminals in this region. Rapidly growing industries such as entertainment, e-commerce, foodservice industry, and retail are raising the demand for POS displays with advanced features, thereby, driving the market growth in the region.
Segments
Applications
End-users
- Restaurants
- Retail
- Healthcare
- Warehouse
- Entertainment
- Hospitality
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Competitive Landscape
Major players competing in the global POS display market include Agilysys, Inc.; Duet, Clover Network, Inc.; Diebold Nixdorf, Incorporated; Epicor Software Corporation; Ingenico Group; Intuit, Inc.; Lightspeed; NCR Corporation; Oracle; PAR Technology Corp.; Revel Systems; SAP; ShopKeep; Toast, Inc., and Toshiba Tec Corporation.
Some of these businesses are involved in adopting numerous market strategies such as merger, acquisition, collaboration, partnership, product launch, R&D activities, and capacity expansion to increase market share and global presence.