Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail, Government & Transportation and Others) and Competitive Landscape.
Product Code: ETC002475 | Publication Date: Sep 2024 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Qatar POS Terminal Market |
Forecast period | 2025-2031 |
CAGR | 8.5% |
Growing Sector | Retail |
The Qatar POS Terminal Market report thoroughly covers the market by Type and End Users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Qatar POS Terminal Market has witnessed growth in the past years and will continue to grow in the coming years. This growth of the market is due to numerous factors such as the shift towards a digital economy, investment in POS terminals by the government, adoption of cashless payment methods, and rise in tourism.
According to 6Wresearch, the Qatar POS Terminal Market size is expected to grow at a significant CAGR of 8.5% during 2025-2031. The government has been taking various initiatives to promote the digital economy and encouraging businesses to adopt electric payment systems. Moreover, as a part of Qatar National Vision 2020, the country is heavily investing in POS terminals, hence driving the growth of the market. There is an increasing adoption of cashless payment methods in Qatar over traditional methods. This trend is due to the convenience, security and speed offered by POS terminals. Moreover, the rise of e-commerce businesses in Qatar has contributed to the growth of the POS terminal market. Additionally, Qatar has been investing in the tourism industry, which is expected to significantly drive the demand for POS terminals as tourists prefer cashless payment options while travelling. Furthermore, the increasing use of advanced technologies such as near-field communication (NFC) and EMV chip technology in POS terminals is also contributing to the growth of the market.
The initial cost of investing in POS terminals is a major challenge for small and medium businesses. Moreover, many businesses in Qatar are still not aware of the benefits of using POS terminals or how to effectively integrate them into their operations. Furthermore, the lack of infrastructure such as internet connectivity in some regions poses a challenge for the market.
The key players in Qatar's POS terminal market play a crucial role in shaping the market by providing innovative products and services to cater to the growing demand. Some of the major players operating in this market include MobiWire, Verifone, Ingenico Group, PAX Technology, Spire Payments, BBPOS Limited, NEC Corporation, Samsung Electronics, Panasonic Corporation, and Toshiba Corporation. These players have a strong presence in the market and offer a wide range of POS terminal solutions to various industries such as retail, hospitality, and healthcare.
One initiative is the Qatar Central Bank's (QCB) National Payment Systems Strategy. This strategy aims to reduce cash transactions and promote electronic payments across various sectors including retail, e-commerce, and government services. Additionally, the Qatar Financial Center (QFC) has launched the Smart Qatar initiative, which aims to transform Qatar into a smart and cashless society. Moreover, the government has also introduced various incentives for businesses to adopt POS terminals. This includes waiving transaction fees for merchants who install POS terminals and offering tax breaks for small and medium-sized enterprises (SMEs) that implement electronic payment systems. Furthermore, the government has also introduced regulations to ensure the security and reliability of electronic payment systems.
The Qatar POS Terminal Market is projected to witness significant growth in the future, driven by factors such as increasing digitalization, rising consumer preference for cashless transactions, and a growing retail sector. As businesses and consumers continue to adapt to new health and safety measures, contactless payments through POS terminals offer a safer and more convenient option. Furthermore, technological advancements such as biometric authentication and integration with mobile wallets are expected to drive the growth of the market. With the rising trend of digital payments and government initiatives promoting a cashless economy, the Qatar POS Terminal Market is poised for continued growth in the future.
According to Ravi Bhandari, Research Head, 6Wresearch, portable POS terminals are becoming popular in the market due to their convenience, as they can be easily carried around by salespeople or used for outdoor events.
In terms of end users, the retail segment is expected to dominate the market. This can be attributed to the increasing number of retail outlets and the rising demand for efficient payment solutions.
The report provides a detailed analysis of the following market segments
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Qatar POS Terminal Market Overview |
3.1. Qatar POS Terminal Market Revenues, 2021-2031F |
3.2. Qatar POS Terminal Market Revenue Share, By Types, 2021&2031F |
3.3. Qatar POS Terminal Market Revenue Share, By End Users, 2021&2031F |
3.4. Qatar POS Terminal Market Revenue Share, By Regions, 2021&2031F |
3.5. Qatar POS Terminal Market Industry Life Cycle |
3.6. Qatar POS Terminal Market- Porter’s Five Forces |
4. Qatar POS Terminal Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Qatar POS Terminal Market Trends |
6. Qatar POS Terminal Market Overview, By Types |
6.1. Qatar POS Terminal Market Revenues, By Portable, 2021-2031F |
6.2. Qatar POS Terminal Market Revenues, By Countertop, 2021-2031F |
6.3. Qatar POS Terminal Market Revenues, By Mobile POS, 2021-2031F |
6.4. Qatar POS Terminal Market Revenues, By PIN PAD, 2021-2031F |
6.5. Qatar POS Terminal Market Revenues, By Multimedia, 2021-2031F |
7. Qatar POS Terminal Market Overview, By End Users |
7.1. Qatar POS Terminal Market Revenues, By Hospitality, 2021-2031F |
7.2. Qatar POS Terminal Market Revenues, By Retail, 2021-2031F |
7.3. Qatar POS Terminal Market Revenues, By Government and Transportation, 2021-2031F |
7.4. Qatar POS Terminal Market Revenues, By Healthcare, 2021-2031F |
7.5. Qatar POS Terminal Market Revenues, By Others, 2021-2031F |
8. Qatar POS Terminal Market Overview, By Regions |
9. Qatar POS Terminal Market Key Performance Indicators |
10. Qatar POS Terminal Market Opportunity Assessment |
10.1. Qatar POS Terminal Market, Opportunity Assessment, By Type, 2031F |
10.2. Qatar POS Terminal Market, Opportunity Assessment, End Users, 2031F |
10.3. Qatar POS Terminal Market, Opportunity Assessment, Regions, 2031F |
11 Qatar POS Terminal Market Competitive Landscape |
11.1. Qatar POS Terminal Market Competitive Benchmarking, By Companies, 2024 |
11.2. Qatar POS Terminal Market Revenue Share, By Operating Parameters, 2024 |
12. Company Profiles |
13. Key Strategic Recommendations |
14. Disclaimer |
Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail, Government & Transportation and Others) and Competitive Landscape.
Product Code: ETC002475 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Qatar POS terminal market is expected to register substantial growth predominantly due to increasing digital initiatives and new technologies adopted by the government in the country. Qatar is investing in a cloud application platform to support the government and private organizations. The country has witnessed a huge surge in mobile-based online transactions across food delivery, education, sales, and retail services. Additionally, the adoption of digital transactions has increased the demand for new payment modes and devices which can offer e-payment facilities to buyers. For instance, in July 2019, the QNB Group launched the full-fledged contactless cards and the company is actively deploying Point of Sale (POS) terminals that can process both contact and contactless transactions to strengthen digital banking solutions in the country. These initiatives will spur the demand for Qatar POS terminal market during the forecast period.
According to 6Wresearch, Qatar POS Terminal Market is projected to witness growth during 2020-26. Initiatives to strengthen digital banking services, rise in online transactions in the retail and fast-food sector, investment in cloud applications, technological advancement, rise in e-commerce as well as improvement in payment infrastructure are some of the key growth drivers of the POS terminal market in Qatar. However, the Qatar POS terminal market is expected to witness a slowdown at the beginning of the year 2020 due to the outbreak of the Covid-19 pandemic and the market is expected to recover gradually over the next few years.
Based on applications, the healthcare application is witnessing considerable demand for POS terminals due to the outbreak of the Covid-19 pandemic in Qatar as hospitals have witnessed huge online and mobile-based payment from patients. Whereas, in terms of type, the portable and mobile POS terminals are registering significant growth in Qatar. Additionally, the hospitality application is dominating the overall Qatar POS terminal market due to increased spending on traveling services by tourists and pilgrims in the country.
The Qatar POS terminal report thoroughly covers the market by type, by end-users, and by regions. Qatar POS terminal market outlook report provides an unbiased and detailed analysis of the on-going Qatar POS terminal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.
Key Highlights of the Report:
Markets Covered
The Qatar POS terminal market report provides a detailed analysis of the following market segments: