Global Market: POS market will reach 100 billion US dollars in 2023

According to a report from Global Market, it is expected that the POS terminal market will grow at a compound growth rate of 19% between 2016 and 2023, and its market size is expected to exceed US$103.52 billion.

The report analyzes the factors of rapid growth in the POS market, including key qualities such as safety, convenience, and mobility, and improvements and improvements in functions. In addition, it is important for POS systems to enable merchants to control consumption data anytime, anywhere.

The report also contains the following key points:

The number of global POS terminals will reach 126 million in 2023

The medical industry has a huge prospect of POS

POS development drives the EMV specification process

Major players in the industry include Panasonic, NEC, Toshiba, Samsung, Ingenico, Vodafone, etc.