Latin America POS Terminal Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail,  Government & Transportation and Others), By Countries (Mexico, Brazil, Argentina & Rest of Latin America) and Competitive Landscape

Product Code: ETC002518 Publication Date: Nov 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latin America POS Terminal Market Synopsis

The Latin America POS terminal market is forecast to grow at a CAGR of 7.5% during the period 2017-2021. The growth is due to increasing adoption of POS terminals in retail sector, as well as increasing demand from small and medium businesses. However, the market is facing challenges such as high installation costs and lack of awareness about their benefits among merchants. In addition, regulatory constraints in some countries are hampering the growth of the market. The Latin America POS Terminal market is a part of global POS terminal market.

According to 6Wresearch, the Latin America POS Terminal market size is likely to witness growth during 2022-28. The growth is mainly due to the increasing trend of retail and commercial establishments adopting POS terminals for various purposes such as inventory management, customer service, and sales tracking. Additionally, the region is witnessing an increasing adoption of POS terminals for various retail transactions owing to the rising demand for cashless services and enhanced security features offered by these terminals. This trend is expected to boost the market in Latin America, which will be supported by the growing number of merchants who are adopting POS terminals as a means of automating their operations. Further, POS terminals are used for processing transactions and issuing receipts. They are also used for managing inventory and tracking customer activity. In Latin America, the largest market for POS terminals is Brazil, followed by Mexico and Argentina. The popularity of mobile payments is also fuelling the growth of the Latin American POS terminal market. Further, the growth of POS terminal can be largely attributed to the increasing demand from small and medium enterprises (SMEs) in North America and Europe. Latin America, however, is expected to lag behind other regions in terms of POS terminal adoption rates.

Market Analysis By Countries

Brazil is expected to lead the market in terms of revenue during the forecast period, owing to its well-developed infrastructure and large population base. Mexico is also expected to grow rapidly during the forecast period, owing to its expanding retail sector and growing adoption of electronic payments options. Other key players in this market include Argentina, Colombia, Peru, and Venezuela.

Market Analysis By Type

In terms of type, the market is categorized into portable, countertop, mobile POS, pin pad and multimedia. Currently, the portable type POS accounts for the highest market share. The growth is attributed to the increasing adoption of POS terminals across retailers and merchants in the region. Further, the main drivers of this growth are increasing investments by large retailers in the region, as well as growing adoption rates among small and medium businesses (SMBs). However, Brexit could have a negative impact on the market over the next few years.

COVID-19 Influence on the Latin America POS Terminal Market

The occurrence of Covid-19 pandemic has resulted in a stoppage in past. However, the market has recuperated gradually. Currently, the market has tremondous growth opportunities. The Latin American POS terminal market is currently facing significant challenges, as the region's economic slowdown and increasing competition from other regions are putting pressure on operators. This trend is expected to continue in the near future, as there has been a notable decline in consumer spending across most of Latin America. In spite of these challenges, the market is still growing at a rate of 7% annually, which is thanks to the increasing demand for e-commerce solutions in the region.

Key Attractiveness of the Report

  • COVID-19 Influence on the Market Dynamics.
  • 10 Years of Market Data.
  • Historical Numbers from 2018 to 2021.
  • Base Year: 2021
  • Market Forecast Data Until 2028
  • Key Performance Indicators Influencing the Market.
  • Key Developments and Projects.

Key Highlights of the Report

  • Latin America POS Terminal Market Overview
  • Latin America POS Terminal Market Outlook
  • Latin America POS Terminal Market Forecast
  • Historical Data of Latin America POS Terminal Market Revenues for the Period 2018-2021
  • Latin America POS Terminal Market Size and Forecast of Revenues, Until 2028
  • Historical Data of Latin America POS Terminal Market Revenues, by Terminal Types, for the Period 2018-2021
  • Market Size & Forecast of Latin America POS Terminal Market Revenues, by Terminal Types, Until 2028
  • Historical Data of Latin America POS Market Terminal Revenues, by End-User, for the Period 2018-2021
  • Market Size & Forecast of Latin America POS Terminal Market Revenues, by End-User, Until 2028
  • Historical Data of Mexico Point-of-Sale Terminal Market Revenues and Volume, for the Period 2018-2021
  • Market Size & Forecast of Mexico Point-of-Sale Terminal Market Revenues and Volume, Until 2028
  • Historical Data of Brazil Point-of-Sale Terminal Market Revenues and Volume, for the Period 2018-2021
  • Market Size & Forecast of Brazil Point-of-Sale Terminal Market Revenues and Volume, Until 2028
  • Historical Data of Argentina Point-of-Sale Terminal Market Revenues and Volume, for the Period 2018-2021
  • Market Size & Forecast of Argentina Point-of-Sale Terminal Market Revenues and Volume, Until 2028
  • Historical Data of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, for the Period 2018-2021
  • Market Size & Forecast of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, Until 2028
  • Market Drivers and Restraints
  • Latin America POS Terminal Market Trends
  • Market Opportunity Assessment
  • Latin America POS Terminal Market Share, By Countries
  • Latin America POS Market Share, By Players
  • Latin America POS Terminal Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered

The report delivers a widespread study of the subsequent market segments:

By POS Terminal Type:

 

  • Portable
  • Countertop
  • Mobile POS
  • PIN Pad
  • Multimedia

By End Users:

  • Hospitality & Healthcare
  • Retail & e-Commerce
  • Government & Transportation
  • Others

By Countries

  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America
Frequently Enquired Queries Regarding the Market Study: FAQs

1). Which type accounts for the maximum market share in the Latin America POS Terminal Market?

The portable type accounts for the maximum market share in the Latin America POS Terminal market.

2). Does the report include the impression of COVID-19?

Yes, the report includes the stimulus of COVID-19.

3). Which application is predictable to register the highest growth rate?

The hospitality and healthcare application is projected to record the highest share in future.

4). What are the critical factors which are increasing the market demand?                                               

The growth of the market is attributed to due to increasing adoption of POS terminals in retail sector, as well as increasing demand from small and medium businesses.

5). What are the major challenges in the Latin America POS Terminal Market?     

One of the major challenge is lack of awareness among customers along with stringent competition in the market.

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. Latin America POS Market Overview

   3.1 Latin America Indicators

   3.2 Latin America POS Market Revenues & Volume, 2016-2026F

   3.3 Latin America POS Market Revenue Share, By Terminals Types, 2019 & 2025F

   3.4 Latin America POS Market Revenue Share, By End-Users, 2019 & 2025F

   3.5 Latin America POS Market Revenue Share, By Regions, 2019 & 2025F

   3.6 Latin America POS Market - Industry Life Cycle

   3.7 Latin America POS Market - Porter’s Five Forces

4. Latin America POS Market Dynamics

   4.1 Impact Analysis

   4.2 Market Drivers

   4.3 Market Restraints

5. Latin America POS Market Trends

6. Latin America POS Market Overview, By Terminals Types

   6.1 Latin America POS Market Revenues & Volume, By Portable, 2016-2026F

   6.2 Latin America POS Market Revenues & Volume, By Countertop, 2016-2026F

   6.3 Latin America POS Market Revenues & Volume, By Mobile POS, 2016-2026F

   6.4 Latin America POS Market Revenues & Volume, By PIN Pad, 2016-2026F

   6.5 Latin America POS Market Revenues & Volume, By Multimedia, 2016-2026F

7. Latin America POS Market Overview, By End-Users

   7.1 Latin America POS Market Revenues & Volume, By Hospitality & Healthcare, 2016-2026F

   7.2 Latin America POS Market Revenues & Volume, By Retail & e-Commerce, 2016-2026F

   7.3 Latin America POS Market Revenues & Volume, By Government & Transportation, 2016-2026F

   7.4 Latin America POS Market Revenues & Volume, By Others, 2016-2026F

8. Mexico POS Market Overview

   8.1 Mexico POS Market Revenues & Volume, 2016-2026F

   8.2 Mexico POS Market Revenues, By Terminals Types, 2016-2026F

   8.3 Mexico POS Market Revenues, By End-Users, 2016-2026F

9. Brazil POS Market Overview

   9.1 Brazil POS Market Revenues & Volume, 2016-2026F

   9.2 Brazil POS Market Revenues, By Terminals Types, 2016-2026F

   9.3 Brazil POS Market Revenues, By End-Users, 2016-2026F

10. Rest of Latin America POS Market Overview

   10.1 Rest of Latin America POS Market Revenues & Volume, 2016-2026F

   10.2 Rest of Latin America POS Market Revenues & Volume, By Terminals, 2016-2026F

   10.3 Rest of Latin America POS Market Revenues & Volume, By End Users, 2016-2026F

11. Latin America POS Market - Opportunity Assessment

   11.1 Latin America POS Market Opportunity Assessment, By Terminal Types, 2025F

   11.2 Latin America POS Market Opportunity Assessment, By End-Users, 2025F  

   11.3 Latin America POS Market Opportunity Assessment, By Regions, 2025F

12. Latin America POS Market Competitive Landscape

12.1 Latin America POS Market Revenue Share, By Companies, 2019

12.1.1 Mexico POS Market Revenue Share, By Companies, 2019

12.1.2 Brazil POS Market Revenue Share, By Companies, 2019

12.2 Latin America POS Market Competitive Benchmarking, By Operating & Technical Parameters

13. Company Profiles

14. Key Recommendations

15. Disclaimer

South Africa POS Terminal Market (2020-2026): 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

Middle East & Africa (MEA) POS Terminal Market (2020-2026): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail,  Government & Transportation and Others), By Countries (Saudi Arabia, Qatar, UAE, Kuwait, Oman, Turkey, Bahrain & Rest of Middle East) and Competitive Landscape

Europe POS Terminal Market (2020-2026): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail,  Government & Transportation and Others), By Countries (Germany, UK, France, Italy & Rest of Europe) and Competitive Landscape

Asia Pacific (APAC) POS Terminal Market (2020-2026): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail,  Government & Transportation, and Others), By Countries (China, India, Japan, Australia, Malaysia, Indonesia & Rest of Asia Pacific) and Competitive Landscape

Saudi Arabia POS Terminal Market (2020-2026): 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

India POS Terminal Market (2020-2026): 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

Europe Point of Sale (POS) Market (2019-2025): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality & Healthcare, Retail & E-Commerce, Government & Transportation and Others), By Countries (Germany, UK, France, Italy and Rest of Europe) and Competitive Landscape.

Middle East & Africa (MEA) Point of Sale (POS) Market (2019-2025): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality & Healthcare, Retail & E-Commerce, Government & Transportation and Others), By Countries (Saudi Arabia, Kuwait, UAE, Qatar, Bahrain, Oman, Turkey, Egypt, South Africa, Nigeria and Rest of MEA) and Competitive Landscape.

North America Point of Sale (POS) Market (2019-2025): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality & Healthcare, Retail & E-Commerce, Government & Transportation and Others), By Countries (the US, Canada and Rest of North America) and Competitive Landscape.

Global Point of Sale (POS) Market (2019-2025): Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality & Healthcare, Retail & E-Commerce, Government & Transportation and Others), By Regions (Asia Pacific, Europe, North America, Middle East & Africa and Rest of World), By Key Countries and Competitive Landscape

 

Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail,  Government & Transportation and Others), By Countries (Mexico, Brazil, Argentina & Rest of Latin America) and Competitive Landscape

Product Code: ETC002518 Publication Date: May 2020 Product Type: Report
Publisher: 6Wresearch No. of Pages: 200 No. of Figures: 90 No. of Tables: 30

Latin America POS terminal market is witnessing significant growth primarily due to the increasing usage of digital platforms and e-commerce applications in the region. Additionally, increasing investment by enterprises for technological up-gradation to deliver secure payment solutions as well as rising adoption of mobile wallets and cloud applications are some of the other key factors which are driving the demand for POS terminals in Latin America. Further, government initiatives such as the integration of e-wallets and seamless payments for domestic, cross-border, and foreign exchange transactions as well as efforts by central banks to launch new digital technologies would further accelerate the demand for the POS terminals in Latin America over the coming years.

According to 6Wresearch, Latin America POS Terminal Market is expected to register substantial growth during 2020-2026. Rising usage of wireless payment system and cashless transactions, growing adoption of e-payment platforms, increasing usage of mobile wallets, growing acceptance of EuroPay, MasterCard, and Visa Cards as payment options as well as technological innovation and integration of cloud applications are some of the key growth drivers of the Latin America POS terminal market during the forecast period. However, the Latin America POS terminal market is expected to witness a slowdown at the beginning of 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 countries, Mexico and Brazil are the key revenue-generating markets in the overall Latin America POS terminal market owing to a surge in the adoption of online platforms for financial and cashless transactions in these countries. Additionally, in terms of type, the portable and mobile POS terminals are registering significant growth in Latin America. Further, the healthcare and retail verticals are dominating the overall Latin America POS terminal market due to the outbreak of the Covid-19 pandemic in the region.

Some of the leading players in the Latin America POS terminal market are Ingenico International India Pvt. Ltd., Mswipe Technologies Private Limited, Ezetap Mobile Solutions Pvt. Ltd., MobiSwipe Technologies Private Limited, Paynear One, PayU Money, ePaisa, Pine Labs, and PAX Technologies Pvt. Ltd.

The Latin America POS terminal market report thoroughly covers the market by terminals types, end-users, and countries such as Mexico, Brazil, and Argentina. The Latin America POS terminal outlook report provides an unbiased and detailed analysis of the ongoing Latin America POS terminal 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.

Latin America POS terminal market is anticipated to register sound revenues during the forecast period 2020-26F on the back of the rising potential growth of the healthcare sector across the region. Increased healthcare infrastructure clinics and labs along with increased payment technological revolutions in the healthcare sector like wireless technology have been emerging during payment and POS terminals are estimated to surge up across the region in the forthcoming year. In the entire Latin America Mexican city of Cancun is the most visited place which has led to the increased hospitality sector in the country where POS terminal is proven provide during payment time and is estimated to boost the growth of the Mexican country and would benefit the entire Latin America POS terminal market in the upcoming six years.

Latin America POS Terminal market is anticipated to register sound revenues in the upcoming six years on the back of the rising substantial growth of the commercial sector across the region. Additionally, the retail sector is estimated to generate high sales revenues in the upcoming six years on the back of the rising population base and card users simultaneously increase the adoption of POS terminal. Also, the tourism sector is the top reason for the growth of the hospitality sector coupled with the rising growth of the breweries industry exponentially in Brazil especially which is set to act as a growth proliferating factor for the growth of the Latin America POS Terminal market in the coming years.

 Key Highlights of the Report:

  • Latin America POS Terminal Market Overview
  • Latin America POS Terminal Market Outlook
  • Latin America POS Terminal Market Forecast
  • Historical Data of Latin America POS Terminal Market Revenues for the Period 2016-2019
  • Latin America POS Terminal Market Size and Forecast of Revenues, Until 2026
  • Historical Data of Latin America POS Terminal Market Revenues, by Terminal Types, for the Period 2016-2019
  • Market Size & Forecast of Latin America POS Terminal Market Revenues, by Terminal Types, Until 2026
  • Historical Data of Latin America POS Market Terminal Revenues, by End-User, for the Period 2016-2019
  • Market Size & Forecast of Latin America POS Terminal Market Revenues, by End-User, Until 2026
  • Historical Data of Mexico Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
  • Market Size & Forecast of Mexico Point-of-Sale Terminal Market Revenues and Volume, Until 2026
  • Historical Data of Brazil Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
  • Market Size & Forecast of Brazil Point-of-Sale Terminal Market Revenues and Volume, Until 2026
  • Historical Data of Argentina Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
  • Market Size & Forecast of Argentina Point-of-Sale Terminal Market Revenues and Volume, Until 2026
  • Historical Data of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, for the Period 2016-2019
  • Market Size & Forecast of Rest of Latin America Point-of-Sale Terminal Market Revenues and Volume, Until 2026
  • Market Drivers and Restraints
  • Latin America POS Terminal Market Trends
  • Market Opportunity Assessment
  • Latin America POS Terminal Market Share, By Countries
  • Latin America POS Market Share, By Players
  • Latin America POS Terminal Market Overview on Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Markets Covered:

The Latin America 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

  • By Countries:
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

 Other Key Related Reports Include:

  • Mexico POS Terminal Market Report
  • Brazil POS Terminal Market Report
  • Argentina POS Terminal Market Report

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