Global sales at the point of sale will reach € 17.3 billion worldwide by 2026

Global sales at the point of sale will reach € 17.3 billion worldwide by 2026
The value of transactions processed by point-of-sale (POS) terminals is expected to skyrocket, reaching more than €17.3 trillion globally by 2026, according to new data from Juniper Research. With 28% growth from today's figures, the jump is driven by the dynamic payments landscape, where cash is used less and less. Since the arrival of Covid-19, many businesses have been forced to ensure a wider range of payment options for customers, including the latest point-of-sale equipment. However, traditional POS terminals are in competition, especially in QR code payment options and digital wallets. Juniper's research highlights the need for businesses to ensure they have the latest point-of-sale hardware with smart capabilities like inventory management tools and data analytics.

Point of sale terminals

Juniper has also selected its own list of top POS terminal providers, which includes Fiserv, PAX Technology, PayPal, Square, Worldline and Verifone as the best of the current bunch. Along with traditional POS terminals, there is a growing demand for mobile POS or mPOS hardware. Juniper predicts that this area of ​​the payment processing market will grow from 20 million in 2021 to 32 million in 2026. This represents accelerated growth of 56% over the next five years. Declining demand for cash usage is driving vendors to scale mPOS solutions, while growing demand from emerging markets is also helping accelerate adoption.