Europe POS Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Europe POS Terminal Companies and Manufacturers. The Market is segmented by type (fixed point-of-sale systems, mobile/portable point-of-sale systems), end-user vertical (retail, entertainment, healthcare, hospitality), and country. The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Europe POS Terminal Market Size

Europe POS Terminal Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 20.94 Million
Market Size (2029) USD 38.23 Million
CAGR (2024 - 2029) 12.80 %
Market Concentration Low

Major Players

Europe POS Terminal Market Major Players

*Disclaimer: Major Players sorted in no particular order

setting-icon

Need a report that reflects how COVID-19 has impacted this market and its growth?

Europe POS Terminal Market Analysis

The Europe POS Terminal Market size is estimated at USD 20.94 million in 2024, and is expected to reach USD 38.23 million by 2029, growing at a CAGR of 12.80% during the forecast period (2024-2029).

A significant rise in the demand for contactless and mobile POS terminals, along with a low total cost of ownership compared to other channels of payments, will drive market growth.

  • Over the years, the European POS terminal market has evolved significantly due to the shifts in technology offered, which allowed the business to raise the ROI and improve the ease of access. POS terminals in Europe are deployed to help businesses across industries to facilitate the increasing number of transactions.
  • In the current market scenario, POS terminal systems have evolved from transaction-oriented devices to systems that support and integrate into businesses' CRM and other financial solutions. This instance allowed companies to leverage captured transactional data through POS terminals to business intelligence.
  • Moreover, the efforts by the European Commission to simplify the payment acceptance facilities of merchants are also triggering the market's growth. By next year, as part of the retail payments strategy, the European Commission has an action plan to support the modernization and simplification of EU merchants' payment acceptance facilities. This support could be achieved by guidance and by raising awareness amongst retailers.
  • Introducing regional and country-level security regulations also creates a need for new or retrofits of POS terminals. For instance, the PSD2 rule has created several requirements that reinforce in-store in-person payments.
  • However, due to less awareness of the benefits of using contactless payments, consumers do not have proper knowledge regarding transactions through mobile devices, which results in difficulty in using mobile wallets or other related apps to send or receive money. This can hamper the market growth across the region.
  • The COVID-19 pandemic also created a demand for contactless payments, increasing the need for POS terminals equipped with NFC, RFID, and other technologies accepting payments from contactless chip cards or digital interface cards.

Europe POS Terminal Market Trends

Increasing Adoption of Contactless Payments Driving the Market

  • With the advent of NFC, the market is seeing rapid adoption of contactless payment methods like "tap-to-pay." Users are becoming more prevalent at a rapid rate. For instance, the majority of the new POS terminals are outfitted with NFC as an option to support contactless payments, along with alternatives, according to the study data provided by Postbank.
  • To accept payments, businesses and services in the nation are quickly integrating and embracing various mobile payment systems, including PayPal, Samsung Pay, and Apple Pay. This tendency is anticipated to persist over time due to the enormous changes in lifestyles, daily commerce, and the quick rise of internet shopping.
  • The growing desire for contactless and cashless payments has also fueled market growth. The rise in digitalization, the use of e-payment platforms, and the rising regulatory intervention on secure payments due to multiple financial fraud cases have led to the growth of the payment terminal market in the region.
  • For instance, previous year, Worldline signed a partnership to smartly manage expense policies on corporate cards. The partnership will combine Worldline's pan-European Card Issuing Processing platform and its manager with expertise in business expense management.
Europe POS Terminal Market - Europe POS Payment Methods, Share of Transaction Values, 2022, (in percentage)

Retail Sector Expected to Witness Significant Growth

  • Traditional and new formats of retail establishments have increased in number across Europe. Urbanization, increased disposable incomes, and evolving consumer lifestyles are some of the causes of this growth. The demand for POS terminals to enable seamless transactions and improve the entire shopping experience has inceased as more retail firms open for buiness.
  • Europe's retail sector has seen a tremendous digital change as companies have embraced advanced tools to improve workflow and consumer experience. This shift incorporates omnichannel retailing, mobile payments, contactless payements, cloud-based POS systems and mobile payments. To handle a variety of payment methods and offer real-time analytics, these improvements call for advanced POS terminals.
  • The emergence of omnichannel retail techniques and the advent of e-commerce have changed the retail environment. Nowadays, customers need a seamless shopping experience across all channels, including online and physical stores. Retailers need integrated POS solutions that can manage inventory, track consumer data and enable unified payments across several channels in order to meet these expectations.
  • Retailers are becoming more and more aware of the importance of data-driven insights for enhancing daily operations, streamlining inventory control and customizing consumer experiences. With their sophisticated analytics capabilities, POS terminals give businesses useful data on inventory trends, consumer behavior and sales patterns. Retailers can increase operational effectiveness, increase sales and make data-backed decisions due to these insights.
Europe POS Terminal Market - Europe's Top 5 Countries Cash Share of POS Transaction Value, 2022, (In Percentage)

Europe POS Terminal Industry Overview

The Europe POS Terminal market primarily comprises multiple domestic and international players in quite a fragmented and highly competitive environment. Major players in the market include Ingenico Group (Worldline), NEC Corporation, NCR Corporation, Izettle UK (Paypal), Verifone Inc., etc. Technological advancements in the market are also bringing considerable competitive advantage to the companies, and the market is also witnessing multiple partnerships.

  • February 2022: SumUp and PrestaShop entered a partnership to assist SMEs and make it simple for business owners to expand in Europe. Users can link their SumUp accounts to the PrestaShop platform, making SumUp a payment option for online stores and seamlessly syncing all data with their SumUp transaction history. Due to the cooperation, SumUp's merchants may now use several new goods and services, including card terminals, invoicing, the SumUp business account with the SumUp Card, and point-of-sale solutions explicitly made for micro- and nano-retailers.
  • June 2023: A new point-of-sale (POS) system from Payabl., an established FinTech company known for its payment solutions, has been presented with a focus on supporting the expansion of European retailers. The POS solution was created as a reaction to the expanding omnichannel shopping trend.

Europe POS Terminal Market Leaders

  1. Ingenico Group (Worldline)

  2. NEC Corporation

  3. NCR Corporation

  4. Izettle UK (Paypal)

  5. Verifone Inc.

*Disclaimer: Major Players sorted in no particular order

Europe POS Terminal Market Concentration
bookmark Need More Details on Market Players and Competitors?
Download PDF

Europe POS Terminal Market News

  • September 2022: The European Central Bank (ECB) chose Worldline to prototype the front-end user experience for the digital euro. By supporting key and possibly transformative projects like the digital euro, Worldline intends to actively participate in the growth of the payment industry and hence shares the common goal of the ECB and its partners.
  • March 2022: PayXpert launched "PayXpress" and partnered with NetPay to sell Android POS devices to merchants in France, Spain, and Taiwan. The PayXpress POS solution is ideal for travel, hospitality, and retail merchants, including hotels, restaurants, transport/taxi services, and luxury fashion brands. The solution enables merchants to accept Visa, MasterCard, American Express, Alipay, and WeChat on one single POS device.

Europe POS Terminal Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Threat of Substitutes

      5. 4.2.5 Intensity of Competitive Rivalry

    3. 4.3 Assessment of COVID-19 Impact on the POS System Market

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Low Total Cost of Ownership Compared to Other Channels of Payments

      2. 5.1.2 Significant Rise in the Demand for Contactless and Mobile POS Terminals

    2. 5.2 Market Challenges

      1. 5.2.1 Security Concerns Due to the Usage of Critical Information

  6. 6. MARKET SEGMENTATION

    1. 6.1 By Type

      1. 6.1.1 Fixed Point-of -Sale Systems

      2. 6.1.2 Mobile/Portable Point-of-Sale Systems

    2. 6.2 By End-User Industry

      1. 6.2.1 Retail

      2. 6.2.2 Entertainment

      3. 6.2.3 Healthcare

      4. 6.2.4 Hospitality

      5. 6.2.5 Other End-User Industry

    3. 6.3 By Country

      1. 6.3.1 Italy

      2. 6.3.2 United Kingdom

      3. 6.3.3 France

      4. 6.3.4 Spain

      5. 6.3.5 Germany

      6. 6.3.6 Netherlands

      7. 6.3.7 Portugal

      8. 6.3.8 Poland

      9. 6.3.9 Greece

      10. 6.3.10 Hungary

      11. 6.3.11 Czech Republic

      12. 6.3.12 Romania

      13. 6.3.13 Ukraine

      14. 6.3.14 Slovakia

      15. 6.3.15 Rest of Europe (Croatia, Slovenia)

  7. 7. COMPETITIVE LANDSCAPE

    1. 7.1 Company Profiles

      1. 7.1.1 Ingenico Group (Worldline)

      2. 7.1.2 NEC Corporation

      3. 7.1.3 NCR Corporation

      4. 7.1.4 Izettle UK (Paypal)

      5. 7.1.5 Verifone Inc

      6. 7.1.6 Sumup Inc.

      7. 7.1.7 PAX Technology Ltd

      8. 7.1.8 Sharp Electronics

      9. 7.1.9 myPOS World Ltd

      10. 7.1.10 Asseco South Eastern Europe SA

      11. 7.1.11 Concardis GmbH (Nets Group)

      12. 7.1.12 Vectron System AG

      13. 7.1.13 POSBank Co. Ltd

      14. 7.1.14 Aures Technologies SA

    2. *List Not Exhaustive
  8. 8. INVESTMENT ANALYSIS

  9. 9. FUTURE OF THE MARKET

**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Europe POS Terminal Industry Segmentation

The point of sale is the time and location where a transaction is completed. A POS system is computer hardware and software that manages the transaction while selling a product or a service. It helps to store, capture, share, and report data related to sales transactions. It eases the shopping experience and helps to expedite the checkout process, resulting in customer satisfaction. Inventory management, stock in hand, availability of a product, and pricing information are primary data that are acquired from the systems.

The Europe POS Terminal Market is segmented by Type (Fixed Point-of-Sale Systems, Mobile/Portable Point-of-Sale-Systems), End-User Vertical (Retail, Entertainment, Healthcare, Hospitality), and Country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Type
Fixed Point-of -Sale Systems
Mobile/Portable Point-of-Sale Systems
By End-User Industry
Retail
Entertainment
Healthcare
Hospitality
Other End-User Industry
By Country
Italy
United Kingdom
France
Spain
Germany
Netherlands
Portugal
Poland
Greece
Hungary
Czech Republic
Romania
Ukraine
Slovakia
Rest of Europe (Croatia, Slovenia)
customize-icon Need A Different Region Or Segment?
Customize Now

Europe POS Terminal Market Research Faqs

The Europe POS Terminal Market size is expected to reach USD 20.94 million in 2024 and grow at a CAGR of 12.80% to reach USD 38.23 million by 2029.

In 2024, the Europe POS Terminal Market size is expected to reach USD 20.94 million.

Ingenico Group (Worldline) , NEC Corporation, NCR Corporation, Izettle UK (Paypal) and Verifone Inc. are the major companies operating in the Europe POS Terminal Market.

In 2023, the Europe POS Terminal Market size was estimated at USD 18.56 million. The report covers the Europe POS Terminal Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe POS Terminal Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe POS Terminal Industry Report

Statistics for the 2024 Europe POS Terminal market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe POS Terminal analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

close-icon
80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Europe POS Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)