Powering the Point-of-Sale: How Providers Are Building Cost-Effective Omnichannel Solutions
As the landscape of market leaders shifts, we forecast that the US point-of-sale terminal installed base will grow from 17.3 million this year to 20.2 million in 2026, largely due to providers upgrading technology. Consumer and merchant demands for all-in-one solutions are blurring the lines between POS hardware and software as the desire for simple, affordable, single-integration offerings increases.
Another strong contender to keep an eye on is mobile POS . These solutions offer businesses a portable and affordable turnkey alternative that can turn smartphones into payment terminals. We project that the US mPOS market will grow at a 14.1% three-year compound annual growth rate through 2026, making up 47.2% of the US terminal market that year.
According to an October 2022 Paysafe study, 70% of SMBs cited a desire to simplify payments technology and partnerships. As a result, providers are more focused than ever to create a one-stop shop that meets business needs beyond payments. With this mounting demand, there is a resounding focus on cash flow, next-generation omnichannel, and fraud prevention and detection.
Innovation is at the forefront of POS as the merchant and consumer needs for all-in-one solutions mount. Curious to learn more about powering the point-of-sale?
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