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POS Terminals Market size is set to grow by USD 54.9 billion from 2024-2028, Growth in end-user demand for POS terminals boost the market, Technavio

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NEW YORK, July 3, 2024 /PRNewswire/ — The global POS terminals market size is estimated to grow by USD 54.9 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of about 8.98%  during the forecast period. Growth in end-user demand for pos terminals is driving market growth, with a trend towards continuous development of new products. However, high operational and maintenance costs of pos terminals  poses a challenge. Key market players include BBPOS International Ltd., Bitel Corp., Castles Technology Co. Ltd., Cegid SA, CitiXsys Holdings Inc., Diebold Nixdorf Inc., Elavon Inc., Fiserv Inc., Ingenico Group SA, NCR Corp., Newland Europe BV, Oracle Corp., PAX Global Technology Ltd., PayPal Holdings Inc., Revel Systems Inc., Squirrel Systems U.S. Inc., TouchBistro Inc., VeriFone Inc., and WInpos Group AB.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

POS Terminals Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.98%

Market growth 2024-2028

USD 54.9 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.02

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 46%

Key countries

China, US, Germany, UK, and Japan

Key companies profiled

BBPOS International Ltd., Bitel Corp., Castles Technology Co. Ltd., Cegid SA, CitiXsys Holdings Inc., Diebold Nixdorf Inc., Elavon Inc., Fiserv Inc., Ingenico Group SA, NCR Corp., Newland Europe BV, Oracle Corp., PAX Global Technology Ltd., PayPal Holdings Inc., Revel Systems Inc., Squirrel Systems U.S. Inc., TouchBistro Inc., VeriFone Inc., and WInpos Group AB

Market Driver

The global POS terminals market is experiencing growth due to the development of secure and compliant terminals. PCI-DSS and EMV regulations are driving the adoption of advanced encryption, tokenization, and authentication mechanisms. Merchants benefit from greater customization and scalability options, including modular POS systems. Mobile POS (mPOS) solutions and cloud-based platforms offer flexibility, affordability, and scalability, particularly for small and medium-sized businesses. Continuous technology advancements expand market opportunities across various industries and geographies. 

The Pos Terminals Market has seen significant growth in recent times with the increasing trend of contactless payments. The use of digital wallets and mobile point-of-sale (mPOS) systems has become commonplace in various industries. The implementation of contactless technology has been a game-changer, allowing for faster transactions and improved customer experience. The demand for secure and convenient payment solutions has led to the development of new features such as tokenization and encryption. Furthermore, the integration of loyalty programs and real-time analytics has added value to the market. The future looks bright for the Pos Terminals Market with the continued adoption of digital payments and advancements in technology. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The global POS terminals market growth is being hindered by the high operational and maintenance costs. These costs consist of setup fees, individual transaction charges, monthly subscriptions, and cancellation penalties. Server-based POS terminals are more expensive due to their high setup costs, licensing fees, and monthly maintenance fees. The failure of POS terminals can lead to significant downtime and revenue loss for businesses. Retailers experience one-quarter of all technology device issues from POS terminals, resulting in wasted time and resources for repairs. These factors limit the profitability of end-users in the market.The Pos Terminals Market faces several challenges in the current business landscape. One major challenge is the increasing competition from e-commerce platforms and mobile wallets. Consumers prefer convenience and speed, leading to a shift towards digital payments. Another challenge is the need for secure and reliable payment systems to ensure customer trust. Additionally, compliance with regulatory requirements, such as KYC and anti-money laundering regulations, adds complexity to the market. Furthermore, the cost of hardware and maintenance for point-of-sale (POS) terminals is a significant challenge for small businesses. Lastly, the need for real-time processing and integration with various payment networks is essential to remain competitive. Overall, the Pos Terminals Market requires continuous innovation and adaptation to meet the evolving needs of consumers and businesses.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This pos terminals market report extensively covers market segmentation by  

End-user 1.1 Entertainment1.2 Hospitality1.3 Healthcare1.4 Retail1.5 OthersComponent 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Entertainment-  The Pos Terminals Market refers to the sale and usage of point-of-sale (Pos) systems in businesses. These systems facilitate transactions between merchants and customers, streamlining the payment process. The market continues to grow as more businesses adopt digital payment methods, enhancing customer convenience and efficiency. Additionally, the integration of mobile Pos systems and contactless payment options further expands the market’s reach. Overall, the Pos Terminals Market is an essential component in modern business transactions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Pos Terminals Market encompasses a wide range of solutions, including Fixed and Mobile POS Terminals, catering to various Consumption Areas such as Electronic Appliance stores, Wireless Devices retailers, Rental Cabs, and Remittance centers. Brands and fresh market entrants leverage these technologies to facilitate Accounting, Sales Tracking, and Inventory Management in their businesses. Online Transactions and Inventory Tracking are key functions supported by Payment Technologies integrated into Mobile-based POS Terminals. Contactless payment solutions have gained significant traction in the market, offering convenience and safety to customers. Growth strategies for Pos Terminal providers focus on enhancing functionality, expanding partnerships, and improving user experience.

Market Research Overview

The Pos Terminals Market refers to the industry that provides point-of-sale (POS) systems and technologies for businesses to process customer transactions. These systems enable merchants to accept various payment methods, including credit and debit cards, mobile wallets, and digital currencies. The market is driven by the increasing adoption of digital payments and the need for businesses to offer seamless and efficient transaction processing. Additionally, advancements in technology, such as contactless payments and artificial intelligence, are fueling innovation in the POS terminal market. The market caters to various sectors, including retail, hospitality, healthcare, and finance, among others. The use of POS terminals is essential for businesses to manage their sales, inventory, and customer data effectively.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userEntertainmentHospitalityHealthcareRetailOthersComponentHardwareSoftwareServicesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

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Technology

QuickStart Expands Access to Software Development Careers Through New Partnership With Sierra College Community Education

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QuickStart Learning and Sierra College Community Education have joined forces to provide learners in Northern California with flexible, mentor-led Front End and Back End Software Development bootcamps. These 18-week online programs prepare individuals for tech careers through hands-on projects, one-on-one support, and career readiness services.

AUSTIN, Texas, May 22, 2025 /PRNewswire-PRWeb/ — QuickStart, a leading provider of online IT training and certification programs, is excited to announce a new partnership with Sierra College Community Education, bringing career-driven technology bootcamps to aspiring developers in Northern California. This collaboration will deliver QuickStart’s Front End and Back End Software Development bootcamps to Sierra College learners, creating new opportunities for individuals seeking careers in software development.

As demand for skilled software developers continues to grow, QuickStart’s immersive bootcamps offer a flexible, mentor-led training model that equips learners with the practical skills needed to thrive in the tech industry. These 18-week online programs are designed for beginners and career changers, requiring no prior coding experience.

“We’re thrilled to partner with Sierra College Community Education to increase access to life-changing tech education,” said Nick Suwyn, VP of Partner Growth at QuickStart. “The demand for tech talent continues to grow, and we’re excited to work with Sierra College Community Education to address the expanding skills gap.”

The Front-End Software Development Bootcamp teaches learners how to build responsive, user-friendly websites and applications using HTML, CSS, JavaScript, React, and more. Meanwhile, the Back-End Software Development Bootcamp covers essential server-side technologies including Java, MySQL, Spring Boot, and RESTful APIs, which provides the foundation for building scalable web applications.

Both programs follow a flipped classroom model, where students review coursework in advance and engage in mentor-led discussions and projects to reinforce learning. This approach, combined with career coaching and portfolio-building, prepares students for roles such as software developer, web developer, and application engineer in industries such as tech, finance, healthcare, and more.

These bootcamps allow the opportunity for learners to transition and accelerate their career path in tech via:

Access to career services and employer networkHands-on, project-based curriculumFlexibility to learn online in a cohortOne-on-one mentorship from industry experts

Enrollment for the bootcamp is now open, with cohort dates offered multiple times a year. Alumni, current students, and community members interested in launching or advancing their careers in software development are encouraged to enroll.

QuickStart offers various payment methods, including a discounted pre pay option, monthly installment plans, and is approved to receive workforce development grant funding and military education benefits.

For more information, or to enroll, visit the QuickStart and Sierra College partnered page here: https://sierra.quickstart.com/

About QuickStart

QuickStart is a global leader in cybersecurity and AI skills training, IT workforce readiness, and career development. For over 35 years, we’ve helped individuals build high-demand tech careers through online bootcamps and certification programs aligned with real-world industry needs. Our expert-led training covers technologies such as AWS, Cisco, CompTIA, EC-Council, Microsoft Azure, and more.

QuickStart also partners with organizations to develop and retain top tech talent, drive performance, and strengthen cyber resilience. With personalized learning paths, career coaching, and outcome-focused support, we equip learners and employers alike with the tools to thrive in today’s fast-paced digital economy. Follow QuickStart on LinkedIn, Facebook, Instagram, and X.

About Sierra College Community Education

Sierra College Community Education provides a diverse range of non-credit courses, workshops, and training programs designed to help individuals develop new skills, explore interests, and advance their careers. Through innovative partnerships and industry-aligned curriculum, Sierra College Community Education is committed to supporting workforce development and lifelong learning.

Media Contact

Imelda Wistey, QuickStart Learning, 1 (855) 800-8240, quickstart@quickstart.com, https://www.quickstart.com

View original content:https://www.prweb.com/releases/quickstart-expands-access-to-software-development-careers-through-new-partnership-with-sierra-college-community-education-302462654.html

SOURCE QuickStart Learning

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BREAKWATER MANAGEMENT LEADS MAJORITY INVESTMENT IN MARKETING SERVICES FIRM CHEMISTRY COMMUNICATIONS

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LOS ANGELES, May 22, 2025 /PRNewswire/ — Breakwater Management, a Los Angeles-based private equity firm, announced today a majority investment in Chemistry, a full-service, award-winning, independent marketing and digital agency. Specific terms of the transaction were not disclosed. Genesis Park and Tecum Capital partnered with Breakwater in the investment, providing both debt and equity capital. This investment will enable Chemistry to accelerate its strong organic growth and pursue strategic acquisitions in new service areas and geographies.

Chemistry serves as a strategic partner to a diverse and growing client base by delivering actionable, seamlessly integrated marketing solutions. Clients include iconic brands such as Coca-Cola, Five Guys, Frontdoor, Netflix, and the NFL. Chemistry provides research, strategy, branding, design, creative, video production, media planning, and analytics. Through its digital arm, React Digital, Chemistry delivers robust technology solutions including website and mobile app development, UI/UX design, analytics, and performance optimization. Chemistry Cultura, its multicultural division, brings deep expertise in marketing to the U.S. Hispanic community.

Chemistry has received widespread industry recognition, including being named an Ad Age A-List Agency, Chief Marketer Agency of the Year, Adweek Midsize Agency of the Year, and an Adweek Fastest Growing Agency. The agency is also a two-time finalist for the Campaign U.S. Independent Agency of the Year.

“From the start of this process, we’ve been steadfast in our commitment to finding the right investor, and we couldn’t have found a better partner than Breakwater,” said Ned Show, Chief Executive Officer of Chemistry. “Breakwater saw what makes Chemistry different — our bold approach to solving complex challenges and delivering measurable impact to our customers. We built Chemistry by integrating successful, entrepreneurial firms into a unified culture, making us one of the fastest-growing independent agencies in the country. This partnership further strengthens our ability to compete — and win — in the marketplace.”

“Chemistry was the clear choice in our search for a best-in-class marketing services firm. The company’s exceptional talent, commitment to excellence, and collaborative culture have led to its impressive growth and provide a solid foundation for continued expansion. By consistently delivering transformative results, Chemistry has built an impressive and loyal client base, and is well positioned to take advantage of the current opportunity for independents,” said Eric Beckman, Managing Partner at Breakwater. Jeff Goldstein, Partner at Breakwater, added: “Chemistry stands out for its ability to blend creativity with data and technology. That powerful combination positions them at the forefront of the industry. We’re proud to back their vision and support the team as Chemistry enters this next phase of success.”

About Chemistry Communications
Chemistry builds culturally relevant brands through creative ideas that can’t be ignored. With offices in Atlanta, Pittsburgh, New York, and Miami, the agency offers fully integrated advertising and marketing services for leading clients including Coca-Cola, Comcast, Five Guys, Frontdoor, Netflix, the NFL, CG Insurance, The Ad Council, and the NBA. The shop has been named an Ad Age A-List Agency, Chief Marketer Agency of the Year, Adweek Midsize Agency of the Year, and an Adweek Fastest Growing Agency. The agency is also a two-time finalist for the Campaign U.S. Independent Agency of the Year. Learn more at www.ChemistryAgency.com.

About Breakwater Management
Headquartered in Los Angeles, Breakwater is a private investment firm focused on control equity investments in the Media & Entertainment, Marketing, and Tech-Enabled Services sectors. To date, Breakwater has originated approximately $550 million across seven funds and investment vehicles on behalf of institutional and high-net-worth investors. The firm partners with founder-led and management-owned businesses, helping accelerate growth through a combination of organic expansion and strategic acquisitions. Breakwater’s team brings deep operational and investment experience from prior C-suite roles and leadership positions in global asset management platforms. This hands-on experience enables Breakwater to deliver strategic insight, operational support, and financial guidance to its portfolio companies to create long-term value. For more information, visit www.breakwatermgmt.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/breakwater-management-leads-majority-investment-in-marketing-services-firm-chemistry-communications-302463728.html

SOURCE Chemistry Communications

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Kennametal Announces Strategic Investment in CAM AI Software Leader Toolpath Labs to Advance Intelligent Machining

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PITTSBURGH, May 22, 2025 /PRNewswire/ — Kennametal Inc. (NYSE: KMT) today announced that it has made a strategic investment in Toolpath Labs, an emerging leader in AI-powered computer-aided manufacturing (CAM) software. The new partnership supports Kennametal’s strategic growth initiatives to expand its suite of digital capabilities and offerings to better serve manufacturing customers worldwide.

The new partnership supports Kennametal’s strategic growth initiatives to expand its suite of digital capabilities.

“This partnership represents another bold step in our digital transformation journey,” said Dr. Carlonda Reilly, VP & Chief Technology Officer. “Toolpath’s platform amplifies our industry-leading application engineering expertise through its intuitive, intelligent software. It’s a smart, scalable solution that brings the power of AI right to the shop floor in a practical and impactful way.”

Toolpath’s software integrates AI into the CAM process, optimizing tool selection and toolpath strategies. This technology unlocks efficiency for customers and empowers them to overcome industry skill gaps by making advanced toolpath strategies and application engineering more accessible. The partnership will create new opportunities to co-develop and commercialize solutions that combine Toolpath’s AI-first approach with Kennametal’s deep tooling and application engineering expertise.

“Toolpath represents a compelling opportunity for us to extend what we do best—application expertise and advanced tooling—to a broader audience of customers,” said Dave Bersaglini, President of Metal Cutting. “Together, we’re building a bridge between human expertise and digital intelligence to deliver measurable performance improvements on the shop floor.”

“Kennametal, a company with deep roots in American manufacturing, is an ideal partner for us not only because of its tooling expertise, but because of our deeply personal shared vision of empowering machinists and transforming the manufacturing world with practical AI,” said Al Whatmough, CEO of Toolpath. “This is more than business for both of us. It’s personal. Together, we’re combining advanced software with real-world application and machining knowledge, creating scalable solutions that address workforce challenges, and drive meaningful performance gains that will redefine our industry.”

The two companies will collaborate closely on go-to-market strategies, product development and demand generation initiatives as they work together to scale Toolpath’s platform globally.

About Kennametal
With over 85 years as an industrial technology leader, Kennametal Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace and defense, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 8,400 employees help customers in nearly 100 countries stay competitive. Kennametal generated $2 billion in revenues in fiscal 2024. Learn more at kennametal.com. Follow @Kennametal: Instagram, Facebook, LinkedIn and YouTube.

About Toolpath
Toolpath is an AI-focused start-up focused on new solutions for the manufacturing industry. Our mission is to help manufacturers achieve greater efficiency and profitability through the practical application of artificial intelligence, machine learning, and decades of real-world experience.

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SOURCE Kennametal Inc.

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