The number of POS transactions at terminals in Germany has shown significant fluctuations from 2013 to 2023. After an initial growth of nearly 12% in 2013, the market saw a decline of around 11.8% in 2014. Growth recovered moderately until 2019, where it began to stabilize. Notably, 2020 saw a sharp decline of 15.42% due to pandemic-related effects. However, 2021 witnessed a robust recovery with a 28.82% increase. By 2023, the market achieved 3.62 billion units, marking a modest year-on-year growth of 1.69%. The five-year CAGR prior to 2023 was 1.83%.
Looking ahead, the forecasted data from 2024 to 2028 indicates a steady upward trajectory. The forecasted five-year CAGR is projected to be around 1.3%, with an overall growth rate of 6.67%. This suggests a stable yet moderate increase in POS transactions, reaching approximately 3.95 billion units by 2028.
Future trends to watch for include the impact of technological advancements in payment systems, growth in contactless payments, and changes in consumer behavior towards digital and mobile payments. The market may also be influenced by regulatory changes and economic conditions in Germany.
