Europe POS Terminal Market - Growth, Trends, COVID -19 Impact, and Forecasts (2023 - 2028)

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 million) for all the above segments.

Europe POS Terminal Industry Overview

Europe POS Terminal Market Size
Study Period: 2018 - 2028
CAGR: 13.87 %

Major Players

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*Disclaimer: Major Players sorted in no particular order

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Europe POS Terminal Market Analysis

The European POS terminal market shipment is expected to register a CAGR of 13.87% during the forecast Period. 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 Industry Segments

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 million) 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)

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Europe POS Terminal Market Trends

This section covers the major market trends shaping the Europe POS Terminal Market according to our research experts:

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, Apple Pay, AliPay, and WeChat 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, this 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

Retail Sector Expected to Witness Significant Growth

  • 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, Apple Pay, AliPay, and WeChat 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 the 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, Worldline smartly signed a partnership to manage expense policies on corporate cards this year. The partnership will combine Worldline's pan-European Card Issuing Processing platform and manager. One expertise in business expense management.
Europe POS Terminal Market

Europe POS Terminal Market Competitor Analysis

The Europe POS Terminal Market is moderately competitive, with many regional players. The companies leverage strategic collaborative initiatives and acquisitions to increase market share and profitability.

In 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.

Europe POS Terminal Market Top Players

  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 comapetive landscape1.jpg

Europe POS Terminal Market Recent Developments

  • 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
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Europe POS Terminal Market Research FAQs

The Europe POS Terminal Market is studied from 2018 - 2028.

The Europe POS Terminal Market is growing at a CAGR of 13.87% over the next 5 years.

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

Europe POS Terminal Industry Reports

In-depth industry statistics and market share insights of the Europe POS Terminal sector for 2020, 2021, and 2022. The Europe POS Terminal research report provides a comprehensive outlook of the market size and an industry growth forecast for 2023 to 2028. Available to download is a free sample file of the Europe POS Terminal report PDF.

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