POS Terminal Manufacturers Market Share 2017: A Comprehensive Analysis

The point-of-sale (POS) terminal market continues to grow as businesses of all sizes recognize the value of accepting electronic payments. In 2017, the global market size of POS terminals was valued at $62.34 billion, and it's projected to reach $147.93 billion by 2025, growing at a CAGR of 11.8% from 2018 to 2025. But who are the leading POS terminal manufacturers that are dominating this market? In this article, we'll examine the market share of the top manufacturers in 2017 based on shipment volume and revenue.

Top POS Terminal Manufacturers by Shipment Volume

According to a report by RBR, a research and consulting firm specializing in banking and retail automation, there were 116.8 million POS terminals shipped globally in 2017, a 10% increase from the previous year. Of these shipments, the top five manufacturers represented more than half of the total volume:

1. Ingenico - 27.4%

2. Verifone - 20.6%

3. Pax Global Technology - 9.0%

4. Fujian Newland Payment Technology - 6.7%

5. Shenzhen Xinguodu Technology - 4.5%

Ingenico, a French payment solutions provider, maintained its position as the top POS terminal manufacturer by shipment volume in 2017, with a 27.4% market share. The company's products are widely used in a variety of industries such as retail, hospitality, and healthcare. Verifone, an American multinational corporation, ranked second with a 20.6% market share. Verifone's POS terminals are used by some of the world's largest retailers, including Walmart and McDonald's.

Top POS Terminal Manufacturers by Revenue

While shipment volume is important, revenue is ultimately the key metric for measuring a company's success in the market. Here are the top five POS terminal manufacturers by revenue in 2017:

1. Ingenico - $2.8 billion

2. Verifone - $1.8 billion

3. Pax Global Technology - $317 million

4. Nexi Payments - $309 million

5. Fujian Centerm Information - $142 million

As expected, Ingenico and Verifone once again dominate the market by revenue. Ingenico's revenue in 2017 was $2.8 billion, more than $1 billion higher than Verifone's revenue of $1.8 billion. Ingenico's diversified product offering and strong brand recognition are key factors contributing to its success. Meanwhile, Pax Global Technology, a Chinese manufacturer that ranks third by revenue, has been rapidly expanding its global footprint and investing heavily in research and development, which has allowed the company to gain market share.

Market Trends and Forecast

As the POS terminal market continues to evolve, some notable trends and opportunities are emerging. The rise of mobile payments, the increasing demand for contactless payments, and the growing adoption of cloud-based POS systems are among the factors shaping the market. In addition, the integration of EMV chip technology and the move towards PCI-DSS compliance are driving the demand for new and more secure POS terminals.

Looking ahead, the POS terminal manufacturers that are able to adapt to these market trends and offer innovative and secure solutions will be the ones that lead the market. For example, Ingenico has already announced plans to launch a new line of Android-based POS terminals that will support mobile payments and integrate with loyalty programs, while Verifone has partnered with Oracle to create a cloud-based POS system that includes features such as inventory management and real-time analytics.

In conclusion, the POS terminal market is highly competitive and dynamic, with several prominent manufacturers vying for market share. Ingenico and Verifone are the clear leaders by both shipment volume and revenue, but there are also emerging players that are making significant strides. As the market continues to grow and evolve, it will be interesting to see which manufacturers are able to stay ahead of the curve and meet the evolving needs of businesses and consumers alike.

POS Terminals

Breaking through commercial boundaries for
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Portable Handheld POS Terminal With Printer-S600

- Built-in POS receipt printer uses 58*35mm printing paper, no need of print cartridges or ribbons for low operating cost, low noise and high speed while printing.

- Integration of Various Payment Methods, such as Magnetic stripe cards, IC cards, con-tactless cards,QR code payments.

- Support 4G,3G, 2G, Wi-Fi, Bluetooth, and GPS positioning, support blue-tooth printer mode and ESC/POS mode. Improve your efficiency.

- With premium quality 3100mAh 7.6V Li-ion battery, fast charging, long usage time and large capacity enduring working time.

- Android POS terminal receipt printer support preinstalled catering, store management APP. Free SDK support if you plan to make your own APP, Compatible with custom Android software.

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Mobile Portable Printer, 0.2 seconds to complete a code scan. It fits for 58mm receipt printer with Android 12.0 OS, more environmental and cleaner. A swift printing speed of 120mm/s boosts 20% working efficiency, and low noise while printing receipts offers you a comfortable working occasion.

120mm/s
Printing Speed

58mm
Paper Width

38mm
Paper Diameter

0.2s
Scan code

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KT-S600

5.5-inch

IPS Screen,720*1280

6200mAh

6200mAh, 4.2V
(equivalent to 7.6V/3100mAh)

120mm/s

120mm/s high-speed precision printing sign

BT

BT4.1 + BR/EDR + BLE

Magnetic stripe & IC card

Support

Full specs→

KT-V510

5.5-inch

IPS Screen,720*1440

5000mAh

5000mAh, 4.2V
(equivalent to 7.6V/2500mAh)

100mm/s

100mm/s high-speed precision printing sign

BT

BT4.1 + BR/EDR + BLE

Magnetic stripe & IC card

Not Support

Full specs→

KT-V520

5 inch

IPS Screen,720*1280

5200mAh

5200mAh, 4.2V
(equivalent to 7.6V/2600mAh)

90mm/s

90mm/s high-speed precision printing sign

BT

Bluetooth v4.2 Low Energy (LE)

Magnetic stripe & IC card

Not Support

Full specs→