POS Terminals will Exceed $17.3 Trillion in 2026Point-of-Sale Transaction Values to Exceed $17.3 Trillion Globally by 2026, as Emerging Smart Features Drive AdoptionRising over $3.7 Trillion in the Next Five YearsA new study by Juniper Research has found that the total value of transactions processed by POS terminals will exceed $17.3 trillion in 2026, from $14.8 trillion in 2021; growing 28%. The growth is driven by a continually evolving payment processing landscape in which cash plays a reduced role. The report found that POS vendors must ensure they support omnichannel retail business models and are prepared to compete with alternative payment methods such as QR code payments.
mPOS Terminal Growth Outstripping Dedicated POS The research predicts that shipments of mPOS (mobile point of sale) terminals will grow from 20 million in 2021 to 32 million by 2026. This represents a growth of 56% over the next 5 years. It found that this growth will be fuelled by the accelerated transition from cash, with previously cash-only vendors adopting mPOS solutions rapidly. The report identified that emerging markets will offer the greatest opportunities for mPOS vendors during this time, as demand for digital payments grows in these regions. The research recommends that vendors build a strong mPOS offering; backed up by free access to business insights, to capitalise on this growth potential. Source: Juniper Research media announcement | |
