In 2023, China led the global POS terminal market with a dominant share, showing a year-on-year increase of 5.39%. Brazil and India followed, with significant growth rates of 1.26% and 4.82%, respectively. The UK and Russia also exhibited notable growth, while Italy, despite a smaller share, recorded a steady increase. Emerging markets like Indonesia displayed impressive expansion, contrasting with more modest performances in countries like Germany, Australia, and Argentina.
Future trends suggest further growth in emerging markets, driven by digital payment adoptions. Watch for increased penetration in India and Indonesia, along with technological advancements in POS systems, which could reshape market dynamics significantly.
Top countries in Number of POS Terminals Share by Country (Thousand Units)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 54.17 | 2023 | +4.99% | +5.39% | View data |
| 2 | 2 Brazil | 11.02 | 2023 | +3.52% | +1.26% | View data |
| 3 | 3 India | 5.75 | 2023 | +5.08% | +4.82% | View data |
| 4 | 4 Italy | 4.41 | 2023 | +3.59% | +2.66% | View data |
| 5 | 5 Russia | 3.99 | 2023 | +4.79% | +4.65% | View data |
| 6 | 6 United Kingdom | 3.83 | 2023 | +3.31% | +3.12% | View data |
| 7 | 7 France | 2.37 | 2023 | +1.76% | +1.17% | View data |
| 8 | 8 Spain | 2.14 | 2023 | +1.54% | +1.36% | View data |
| 9 | 9 Canada | 2.07 | 2023 | +3.07% | +3.71% | View data |
| 10 | 10 Indonesia | 1.54 | 2023 | +2.45% | +3.77% | View data |
