Smart POS to reach 35 minutes in 2026: Juniper Research

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The number of Smart POS terminals, where analytics and loyalty can be built into the terminal, will increase from 13.7 million in 2021 to 35 million units in 2026, Juniper Research said.

As digital payments accelerate and QR codes create intense competition, especially in North America, point-of-sale terminals need to offer more functionality than before.

Point of sale manufacturers need to focus on high value-added features, such as inventory management, automation of loyalty programs, and store synchronization, in order to maximize the attractiveness of their offerings in a consumer market. highly competitive hardware.

Point of sale manufacturers

Panasonic

Engineer

MICROS Systems

VeriFone Systems

NEC Company

PAX technology

Toshiba

Samsung Electronics

Center information

Diebold Nixdorf

Oracle

The report states that 57% of all point-of-sale payments by value will be contactless globally by 2026, up from just under 25% in 2021. This growth, supported in large part by increased limits contactless payment system, represents a sea change in the way consumers pay.

Point-of-sale providers need to focus on new features, such as smart point-of-sale and greater device mobility in stores, to maintain current levels of point-of-sale material shipping as the Contactless activation is now the default for point-of-sale manufacturers in their products.

Research has identified that soft POS, the ability to use NFC on mobile devices to accept contactless payments, will accelerate. Soft POS offers a cheaper way than ever to accept cards for smaller businesses, which means it’s compelling for this particular niche.

The global number of smartphones used for soft POS payments will grow from 3.2 million in 2021 to nearly 24 million in 2026. However, research has pointed out that soft POS not being an immediately recognizable POS terminal will limit the confidence of consumers. consumer safety; restrict growth.


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