South Africa POS Terminal Market (2022-2028) | Size, Trends, Growth, Revenue, Analysis, Forecast, Value, Industry, Outlook & COVID-19 IMPACT
Market Forecast By Technology (Fixed, Portable), By Types (Counter Top, Integrated, Smart, Mobile), By Applications (Retail, Entertainment, Hospitality, Healthcare, Others (Fuel Stations, Construction etc.)), By Regions (Western Cape, Gauteng, KwaZulu Natal, Rest of South Africa) and Competitive Landscape
| Product Code: ETC002520 | Publication Date: Sep 2022 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 74 | No. of Figures: 23 | No. of Tables: 7 |
South Africa POS Terminal Market report thoroughly covers the market by technology, types, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing South Africa POS terminal market trends, opportunities, high growth areas, market drivers, and market revenue share ranking by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
South Africa POS Terminal Market Synopsis
South Africa POS terminal market witnessed steady growth during 2018-19, owing to increased card transaction volume in the retail, entertainment & hospitality sectors. In 2020, South Africa POS terminal market was negatively impacted by the COVID-19 pandemic outburst, which resulted in a temporary shutdown of retail stores. Also, most of the new projects in the offline retail and hospitality sector were halted, resulting in a fall in demand for POS terminals. However, the market revived soon and is expected to grow further during the forecast period on account of the expansion of the retail sector and rapid growth in non-cash transactions post-covid.
According to 6Wresearch, South Africa POS Terminal Market size is projected to grow at a CAGR of 9.9% during 2022-2028. South Africa POS terminal market would likely experience substantial growth in the forthcoming period owing to the shift in consumer behavior accelerated by the COVID-19 pandemic towards the non-cash mode of payments as the country's payments infrastructure is evolving. Further, the growing preference for adopting cashless methods of transactions among the end-users on account of hassle-free transactions would drive the market growth for POS terminals in the future.
Market by Product Types Analysis
By types, Countertop POS terminals dominated the South Africa POS terminal market revenues for the year 2021 owing to the wide application of these payment terminals in the retail and hospitality industries, where most payments are frequently processed in a fixed position on their premises. Additionally, the improvements in technological features have augmented the acceptability of mPOS terminals. Further, the growing preference for the mobile point-of-sale terminal as a payment alternative in E-commerce deliveries would further boost the market's growth in the forthcoming period.
Market by Region Analysis
By regions, the Gauteng region garnered the majority of market share for the year 2021 and would continue to dominate the market in the forthcoming years as the province is considered the financial hub of South Africa and contributes heavily to the economic, manufacturing, transport, technology, and telecommunications sectors, among others. Gauteng also hosts many overseas companies requiring a commercial base in and gateway to Africa. Further, the KwaZulu Natal region is expected to witness the highest growth in the forthcoming period on the back of planned massive infrastructure projects over the following years in the province.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- South Africa POS terminal Market Overview
- South Africa POS terminal Market Outlook
- South Africa POS terminal Market Forecast
- South Africa POS terminal Market Growth
- South Africa POS terminal Market Share
- Historical Data and Forecast of South Africa POS terminal Market Revenues for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By Technology for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By Types for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminal Market Revenues, By applications for the Period 2018-2028F
- Historical Data and Forecast of South Africa POS terminals Market Revenues, By Regions for the Period 2018-2028F
- COVID-19 Impact on South Africa POS terminals Market
- South Africa POS terminals Market Drivers and Restraints
- South Africa POS terminals Market Trends
- South Africa POS terminals Market Porter’s Five Forces
- South Africa POS terminals Market Industry Life Cycle
- South Africa POS terminals Market Opportunity Assessment
- South Africa POS terminals Market Revenue Ranking, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Technology
- Fixed
- Portable
By Types
- CounterTop
- Integrated
- Smart
- Mobile
By Applications
- Retail
- Entertainment
- Hospitality
- Healthcare
- Others (Fuel Stations, Construction, etc.)
By Regions
- Western Cape
- Gauteng
- KwaZulu Natal
- Rest of South Africa
South Africa POS Terminal Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
South Africa POS terminals Market revenue is anticipated to record a CAGR of 9.9% during 2022-28.
Countertop POS terminals has dominated the market revenues across the product type segments.
POS terminals would record key growth during the forecast period 2022-28.
The key players of the market include - Micros SA (Pty) Ltd, GAAP Point of Sale (Pty) Ltd, Arch Retail Systems, Pilot Software Holdings (Pty) Ltd, Pinnacle Micro (Pty) Ltd, Posiflex Technology Inc., Odyssey Software, YOCO, HP etc.
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| 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. South Africa Point-of-Sale Terminal Market Overview |
| 3.1. South Africa Point-of-Sale Terminal Market Revenues (2018-2028F) |
| 3.2. South Africa Point-of-Sale Terminal Market Industry Life Cycle |
| 3.3. South Africa Point-of-Sale Terminal Market Porter’s Five Forces Model |
| 3.4. South Africa Point-of-Sale Terminal Market Revenue Share, By Technology (2021 & 2028F) |
| 3.5. South Africa Point-of-Sale Terminal Market Revenue Share, By Types (2021 & 2028F) |
| 3.6. South Africa Point-of-Sale Terminal Market Revenue Share, By Applications (2021 & 2028F) |
| 3.7. South Africa Point-of-Sale Terminal Market Revenue Share, By Regions (2021 & 2028F) |
| 4. Impact Analysis of COVID-19 on South Africa Point-of-Sale Terminal Market |
| 5. South Africa Point-of-Sale Terminal Market Dynamics |
| 5.1. Impact Analysis |
| 5.2. Market Drivers |
| 5.3. Market Restraints |
| 6. South Africa Point-of-Sale Terminal Market Evolution |
| 7. South Africa Point-of-Sale Terminal Market Overview, By Technology |
| 7.1. South Africa Point-of-Sale Terminal Market Revenues, By Fixed POS, (2018-28F) |
| 7.2. South Africa Point-of-Sale Terminal Market Revenues, By Portable POS, (2018-28F) |
| 8. South Africa Point-of-Sale Terminal Market Overview, By Types |
| 8.1. South Africa Point-of-Sale Terminal Market Revenues, By CounterTop POS, (2018-28F) |
| 8.2. South Africa Point-of-Sale Terminal Market Revenues, By Integrated POS, (2018-28F) |
| 8.3. South Africa Point-of-Sale Terminal Market Revenues, By Smart POS, (2018-28F) |
| 8.4. South Africa Point-of-Sale Terminal Market Revenues, By Mobile POS, (2018-28F) |
| 9. South Africa Point-of-Sale Terminal Market Overview, By Applications |
| 9.1. South Africa Point-of-Sale Terminal Market Revenues, By Retail, (2018-28F) |
| 9.2. South Africa Point-of-Sale Terminal Market Revenues, By Hospitality, (2018-28F) |
| 9.3. South Africa Point-of-Sale Terminal Market Revenues, By Entertainment, (2018-28F) |
| 9.4. South Africa Point-of-Sale Terminal Market Revenues, By Healthcare, (2018-28F) |
| 9.5. South Africa Point-of-Sale Terminal Market Revenues, By Others, (2018-28F) |
| 10. South Africa Point-of-Sale Terminal Market Overview, By Regions |
| 10.1. South Africa Point-of-Sale Terminal Market Revenues, By Western Cape, (2018-28F) |
| 10.2. South Africa Point-of-Sale Terminal Market Revenues, By Gauteng, (2018-28F) |
| 10.3. South Africa Point-of-Sale Terminal Market Revenues, KwaZulu Natal, (2018-28F) |
| 10.4. South Africa Point-of-Sale Terminal Market Revenues, Rest of South Africa, (2018-28F) |
| 11. South Africa Point-of-Sale Terminal Market Key Performance Indicators |
| 12. South Africa Point-of-Sale Terminal Market Opportunity Assessment |
| 12.1. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Technology |
| 12.2. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Types |
| 12.3. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Applications |
| 12.4. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Regions |
| 13. South Africa Point-of-Sale Terminal Market - Competitive Landscape |
| 13.1. South Africa Point-of-Sale Terminal Market Revenue Ranking, 2021 |
| 13.2. South Africa Point-of-Sale Terminal Market Competitive Benchmarking, By Operating and Technical Parameters |
| 14. Company Profiles |
| 14.1. Micros SA (Pty) Ltd |
| 14.2. GAAP Point of Sale (Pty) Ltd |
| 14.3. Arch Retail Systems |
| 14.4. Pilot Software Holdings Pty Ltd |
| 14.5. Pinnacle Micro (Pty) Ltd |
| 14.6. Posiflex Technology Inc. |
| 14.7. Odyssey Software |
| 14.8. YOCO |
| 14.9. HP Inc. |
| 14.10. Titan HRS |
| 15. Key Strategic Recommendations |
| 16. Disclaimer |
| List of Figures |
| Figure 1. South Africa Point-of-Sale Terminal Market Revenues, 2018-2028F (USD Million) |
| Figure 2. South Africa Point-of-Sale Terminal Market Revenue Share, By Technology, 2021 & 2028F |
| Figure 3. South Africa Point-of-Sale Terminal Market Revenue Share, By Types, 2021 & 2028F |
| Figure 4. South Africa Point-of-Sale Terminal Market Revenue Share, By Applications, 2021 & 2028F |
| Figure 5. South Africa Point-of-Sale Terminal Market Revenue Share, By Regions, 2021 & 2028F |
| Figure 6. South Africa food and beverages sales and growth rate, 2017-22E (USD Billion) |
| Figure 7. South Africa total income from tourism accommodation and growth rate, 2017-21 (USD Billion) |
| Figure 8. South Africa active number of credit and debit card users, 2021 (Million) |
| Figure 9. South African card payments value, 2019-2025F (USD million) |
| Figure 10. South Africa Transaction point of sale purchases volume Split, By Cash vs Non-Cash, 2020 vs 2024F |
| Figure 11. South Africa Smartphone penetration (% of adult population) |
| Figure 12. South Africa gross fraud losses (Credit & Debit), 2021 (Million) |
| Figure 13. South Africa credit card fraud by region in 2020 |
| Figure 14. South Africa debit card fraud by region in 2020 |
| Figure 15. South Africa retail sales and growth rate, 2017-22E (USD Billion) |
| Figure 16. South Africa E-commerce market size (in USD Billion), 2015-2025F |
| Figure 17. South Africa active internet users (in Million), 2017-2022E |
| Figure 18. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Technology, 2028F |
| Figure 19. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Types, 2028F |
| Figure 20. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Applications, 2028F |
| Figure 21. South Africa Point-of-Sale Terminal Market Opportunity Assessment, By Region, 2028F |
| Figure 22. South Africa Point-of-Sale Terminal Market Revenue Ranking, By Companies (2021) |
| Figure 23. South Africa Number of Stores By retailers in 2021 |
| List of Tables |
| Table 1. Payment methods used by South African small businesses |
| Table 2. South Africa growth of cashless businesses by industry, during COVID-19 |
| Table 3. South Africa Point-of-Sale Terminal Market Revenues, By Technology, 2018-2028F (USD million) |
| Table 4. South Africa Point-of-Sale Terminal Market Revenues, By Types, 2018-2028F (USD million) |
| Table 5. South Africa Point-of-Sale Terminal Market Revenues, By Applications, 2018-2028F (USD million) |
| Table 6. South Africa Point-of-Sale Terminal Market Revenues, By Regions, 2018-2028F (USD million) |
| Table 7. South Africa Retail Sales by type of retailers, Jan-22-Jun-22 (USD Million) |
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: ETC002520 | Publication Date: May 2020 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
South Africa POS terminal market is likely to witness substantial growth predominantly due to digitization and adoption of the electronic payment process in the country. The adoption of digital transactions has increased the demand for new payment modes and devices which can offer e-payment facilities to buyers in South Africa. South Africa has gradually transformed it from a traditional method of cash-based payments towards a rapidly evolving technology economy with new innovative mode of payment platforms. Further, the retail sector in South Africa has witnessed a huge rise in mobile-based payments and online transactions.
According to 6Wresearch, South Africa POS Terminal Market is projected to witness significant growth during 2020-26. Developing payment infrastructure, growing digital banking services, a rise in online transactions in the retail sector, increasing adoption of cloud applications as well as technological advancement are some of the key growth drivers of the POS terminal market in South Africa. However, the South Africa 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.
In terms of applications, the healthcare application is witnessing considerable demand for POS terminals due to the outbreak of the Covid-19 pandemic in South Africa as hospitals have witnessed huge online payment from patients. Whereas, in terms of type, the portable and mobile POS terminals are registering significant growth in South Africa. Additionally, the hospitality application is leading the overall South Africa POS terminal market due to increased spending on traveling services by tourists in the country.
The South Africa POS terminal market report thoroughly covers the market by type, by end-users, and by regions. The South Africa POS terminal market outlook report provides an unbiased and detailed analysis of the on-going South Africa 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:
- South Africa POS Terminal Market Overview
- South Africa POS Terminal Market Outlook
- South Africa POS Terminal Market Forecast
- South Africa POS Terminal Market Size and South Africa POS Terminal Market Forecast, Until 2026
- South Africa POS Terminal Market Share, By Types
- South Africa POS Terminal Market Share, By End Users
- South Africa POS Terminal Market Share, By Regions
- Historical Data of South Africa POS Terminal Market Revenues and Volume for the period, 2016-2019
- Market size and Forecast of South Africa POS Terminal Market Revenues and Volume, Until 2026
- Historical Data of South Africa POS Terminal Market Revenues and Volume, By Types, for the Period 2016-2019
- Market size and Forecast of South Africa POS Terminal Market Revenues and Volume, By Types, Until 2026
- Historical Data of South Africa POS Terminal Market Revenues and Volume, By End Users, for the Period 2016-2019
- Market size and Forecast of South Africa POS Terminal Market Revenues and Volume, By End Users, Until 2026
- Historical Data of South Africa POS Terminal Market Revenues and Volume, By Regions, for the Period 2016-2019
- Market size and Forecast of South Africa POS Terminal Market Revenues and Volume, By Regions, Until 2026
- South Africa POS Terminal Market Drivers and Restraints
- South Africa POS Terminal Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- South Africa POS Terminal Market Opportunity Assessment
- South Africa POS Terminal Market Revenue Share, By Company
- South Africa POS Terminal Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered
The South Africa POS terminal market report provides a detailed analysis of the following market segments:
- By POS Terminal Type:
- Portable
- Countertop
- Mobile POS
- PIN Pad
- Multimedia
- By End Users:
- Hospitality & Healthcare
- Retail & e-Commerce
- Government & Transportation
- Others
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