Forecast: Number of POS Terminals in Belgium

From 2013 to 2023, the number of POS terminals in Belgium saw significant growth, reaching 248.11 thousand units by 2023. This upward trend indicates a strong and consistent adoption of POS technology over the past decade. The data shows variability in year-on-year growth rates, with notable peaks, such as in 2014 at 30.76%, and lower growth rates in subsequent years, like in 2023 at 2.47%. The compound annual growth rate (CAGR) for the past five years stands at 2.65%, reflecting a moderate but steady increase.

Looking ahead from 2024 onwards, forecasts suggest the number of POS terminals will continue to rise, reaching 276.3 thousand units by 2028. The forecasted five-year CAGR is 1.7%, pointing towards a stable yet slower growth trajectory compared to previous years.

Future trends to watch for include:

• Increasing adoption of contactless payment technologies.

• Integration of mobile payment solutions like smartphones and wearables.

• Enhancements in POS security features in response to evolving cybersecurity threats.

• Continued digital transformation in the retail sector, driving demand for advanced POS solutions.