The market for POS terminals in Indonesia has experienced varied growth over the past decade. In 2023, the number of POS terminals stood at 1260 thousand units, showing a resilient market presence. The year-on-year growth has slowed down recently, marking a 2.57% increase in 2022 and a 2.45% increase in 2023. Over the past 5 years, the compound annual growth rate (CAGR) was 3.77%, reflecting moderate but consistent growth. The latest forecast predicts a more modest CAGR of 1.69% over the next 5 years, contributing to an overall growth rate of 8.72% by 2028.
Future trends to watch for include increased digital payments adoption, which could further boost the demand for POS terminals. Innovations in POS technology and integration with mobile payments may also play a significant role in shaping this market.
