The Point of Sale (POS) terminals in Germany saw significant growth from 2013 to 2023, increasing from 743.62 thousand units to 1200 thousand units. Year-on-year variation peaked at 39.12% in 2014 and has generally stabilized around 2-3% from 2019 onwards. The Compound Annual Growth Rate (CAGR) over the last five years was 2.65%, reflecting a more tempered but steady growth trajectory.
From 2024 onwards, the forecasted data suggests continued growth, with the number of POS terminals expected to reach 1320 thousand units by 2028. The forecasted five-year CAGR is projected to slow to 1.55%, indicating a maturing market with a growth rate of 7.99% over the period.
Future trends to watch for:
- Adoption of advanced payment technologies, including mobile and contactless payments.
- Integration of POS systems with broader retail management and analytics platforms.
- Impact of regulatory changes and industry standards on POS technology upgrades.
- Potential market saturation and the shift towards multifunctional commerce solutions.
