Virtual Payment (POS) Terminals Market Size Worth $176.52 Billion By 2030 | CAGR: 22.3%

The global Virtual Payment (POS) Terminals market size is expected to reach USD 176.52 Billion by 2030 according to a new study by Polaris Market Research. The report “Virtual Payment (POS) Terminals Market Share, Size, Trends, Industry Analysis Report, By Solution (Software Platform, Service); By Vertical (Retail, Hospitality, Consumer Electronics, Food & Beverages, Healthcare, Entertainment, Others); By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the extraordinarily quick development of digital marketing, a need for a more safe and trustworthy means of processing payments online has arisen among retail merchants and retailers all over the world. It is a solution used by online retailers and service providers. It's an electronic gateway that enables them to manually approve card transactions initiated by customers.

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This procedure dramatically widens their disbursement options and speeds up the electronic process while also increasing security. These terminals can be integrated with a variety of e-commerce platforms. Merchants connect their systems to their preferred platform quickly and easily.

North America accounted for the largest share in the industry over the forecasted period. One of the primary factors driving the growth of the virtual terminal industry in the region is the growing preference for purchasing on e-Commerce websites. Furthermore, due to the rise in mobile transactions, demand for virtual point of sale terminals is expected to increase significantly over the projected period.

Major players are BBPOS Limited, Castles Technology, CitiXsys Technologies, Diebold Nixdorf, EGIDE, Elavon Inc., First Data Corporation, Ingenico Group., NCR Corporation, Newland Payment Technology, Panasonic Corporation, PAX Technology, Shenzhen Xinguodu Technology Co. Ltd, Squirrel Systems, VeriFone Inc.

Polaris Market Research has segmented the global Virtual Payment (POS) terminals market report on the basis of solution, vertical, and region:

Virtual Payment (POS) Terminals, Solution Outlook (Revenue USD Billions 2018 - 2030)

• Software Platform
  • Device-based
  • Web-based
• Service

Virtual Payment (POS) Terminals, Vertical Outlook (Revenue USD Billions 2018 - 2030)

• Retail
• Hospitality
• Consumer Electronics
• Food & Beverages
• Healthcare
• Entertainment
• Others

Virtual Payment (POS) Terminals, Regional Outlook (Revenue USD Billions 2018 - 2030)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Israel