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Report Overview
The global virtual payment (POS) terminals market size reached around USD 20.26 Billion in 2024. The market is projected to grow at a CAGR of 30.30% between 2025 and 2034 to reach nearly USD 285.81 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
Virtual Payment (POS) Terminals Market Share
The growth of the virtual payment (POS) terminals market is accelerating, driven by the advantages POS systems provide in both consumer electronics and food & beverage sectors. In consumer electronics, POS systems facilitate efficient transactions, real-time inventory management, and enhanced customer experiences through personalization.
In the food & beverage industry, they expedite checkout processes, optimize order management with kitchen displays, and offer insightful sales analytics. These features boost operational efficiency, accuracy, and customer satisfaction, which in turn improves inventory management and strategic planning, thereby driving the virtual payment (POS) terminals demand growth.
Virtual Payment (POS) Terminals Market Report Snapshots
Virtual Payment (POS) Terminals Market Size
Virtual Payment (POS) Terminals Market Growth
Virtual Payment (POS) Terminals Market Analysis
Virtual Payment (POS) Terminals Market Share
Virtual Payment (POS) Terminals Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2024, the market attained a value of nearly USD 20.26 Billion.
The market is assessed to grow at a CAGR of 30.30% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach about USD 285.81 Billion by 2034.
The major drivers of the market include the rising disposable incomes, increasing population, and the growing demand for contactless payments.
The increasing incorporation of Near Field Communications (NFC) devices in the industrial ecosystem and growing urbanisation are expected to be major key trends guiding the growth of the market.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The leading platforms of virtual payment (POS) terminals in the market are software and services.
The significant applications of virtual payment (POS) terminals in the market are retail, warehouse, hospitality, consumer electronics, food and beverage, health care, and entertainment, among others.
The competitive landscape consists of INGENICO Group S.A., NCR Corporation, NEC Corporation, PAX Technology, Samsung Electronics Co Ltd., and VeriFone Inc., among others.
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