Android POS Market Size, Share, Growth, And Industry Analysis By Type (Portable POS, Desktop POS) By Application (Retail, Restaurant, Hospitality, Other) and Regional Forecast From 2022 to 2028

Updated On: 15 April 2024

Android POS Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global android POS market size was US$ 7031 million in 2021. As per our research, the market is expected to generate substantial revenue by 2028, exhibiting a CAGR of 29.4 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the android POS market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Android POS (Point of Sale) is an electronic payment system that is used by retailers to manage their transactions, inventory, and sales data. It is a type of POS system that operates on the Android operating system. Android POS systems typically consist of a tablet or mobile device that runs a point-of-sale software application and is connected to various peripherals such as a barcode scanner, cash drawer, and receipt printer. The Android POS software is designed to manage all aspects of a retail operation. The software can handle transactions, inventory management, customer data, and sales reports. It provides real-time sales data tracking that helps retailers to make informed decisions on their inventory and sales strategy. This is especially important for retailers with multiple stores as they can track their sales and inventory across all locations from a single dashboard. One of the key benefits of Android POS systems is their ease of use.

Android POS systems are a popular choice for small and medium-sized businesses due to their cost-effectiveness, ease of use, and range of features. They offer retailers a simple and efficient way to manage their transactions, inventory, and sales data, while also providing real-time insights that can help to optimize their sales strategies. The market is driven by factors such as the increasing demand for digital payment systems, the growth of the retail sector, and the rising adoption of mobile payment systems. Additionally, the increasing popularity of cloud-based POS systems is expected to drive the growth of the Android POS market in the coming years.

COVID-19 Impact: Pandemic Accelerated the Adoption of Digital Payment System Boosting the Market Growth

The Covid-19 pandemic has had a significant impact on the Android POS market. The pandemic has accelerated the adoption of digital payment systems as consumers are increasingly avoiding cash transactions to minimize the risk of infection. Retailers are also adopting Android POS systems to comply with social distancing guidelines and minimize physical contact with customers. The pandemic has also led to an increase in online shopping, which has driven the demand for Android POS systems that can process digital payments.

Latest Trends

"Integration of Advanced Features to Boost the Market Development"

One of the key trends in the Android POS market is the integration of advanced features such as AI and machine learning. Android POS systems are increasingly being equipped with advanced features that enable retailers to track customer behavior and preferences, optimize inventory management, and improve the overall customer experience.

Android POS Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

According to type, the market can be segmented into Portable POS, Desktop POS. Portable POS being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Retail, Restaurant, Hospitality, Other. Retail being the leading segment of the market by application analysis.

Driving Factors

"Increasing Demand for Digital Payment Systems to Drive the Market Growth"

The increasing demand for digital payment systems is one of the key drivers of the Android POS market. With the rise of e-commerce and the growth of mobile devices, consumers are increasingly looking for more convenient and secure payment options. Digital payment systems like Android POS provide a fast and efficient way to process transactions, reducing wait times for customers and increasing overall sales for businesses. Additionally, Android POS systems offer features like contactless payments, which have become increasingly popular in the wake of the COVID-19 pandemic. With more consumers avoiding physical contact with payment devices, contactless payments have become an essential feature for retailers and businesses. Another factor driving the demand for digital payment systems is the increasing popularity of mobile wallets. With the widespread adoption of smartphones and mobile devices, mobile wallets have become an attractive alternative to traditional payment methods.

"Growth of the Retail Sector to Drive the Market Development"

The growth of the retail sector is another key driver of the Android POS market. As the retail sector expands, businesses are looking for ways to improve their operations and offer a better shopping experience to customers. Android POS systems offer a range of features that can help retailers achieve these goals. For instance, Android POS systems can track inventory levels, automate pricing, and generate real-time sales reports, helping retailers make informed business decisions.

Restraining Factors

"The Increasing Competition from Other Payment Processing Systems to Impede the Market Growth"

One of the main challenges facing the Android POS market is the increasing competition from other payment processing systems such as Apple Pay and Google Wallet. These payment systems offer similar features to Android POS, making it difficult for Android POS providers to differentiate themselves in the market. Additionally, the high cost of Android POS systems is a significant barrier to adoption for small businesses. While Android POS systems offer a range of benefits, the upfront and ongoing costs associated with implementing these systems can be prohibitive for small businesses. Moreover, concerns about the security of digital payment systems and data privacy are also hindering the growth of the Android POS market. With high-profile data breaches and cybersecurity threats making headlines, consumers are becoming increasingly cautious about the security of their personal and financial information. Android POS providers must ensure that their systems comply with industry standards and regulations to maintain customer trust and avoid data breaches.

Android POS Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"High Adoption Rate of Digital Payment Systems to Bolster the Market Development in North America"

The North American Android POS market is the largest in the world, driven by the high adoption rate of digital payment systems in the United States and Canada. The region has a highly developed financial infrastructure and a large number of retailers, making it an attractive market for Android POS providers. Additionally, the COVID-19 pandemic has accelerated the adoption of contactless payments in the region, further boosting the demand for Android POS systems.

The Asia-Pacific region is the fastest-growing market for Android POS systems, driven by the increasing adoption of digital payment systems in countries like China, India, and Japan. With a large and growing population and a rapidly expanding retail sector, the region presents significant growth opportunities for Android POS providers. Additionally, the region has a highly mobile-first population, making it an attractive market for mobile payment solutions like Android POS. However, the region also presents significant challenges, including regulatory barriers and data privacy concerns, which must be addressed to maintain sustained growth in the market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Fujian Centerm (China)
• PAX Technology (China)
• Xinguodu (China)
• Smartpeak (Singapore)
• Newland Payment (China)
• Clover Network (U.S.)
• Zall Fintech (China)
• SZZT Electronics (China)
• Sunmi (China)
• Justtide (China)
• Ingenico (France)
• NEWPOS (China)
• Wintec (Taiwan)
• Hisense (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.