Grocery and Pharmacy Point-of-Sale Terminal Market Research Report By Application (Retail Grocery, Pharmacy, Supermarket, Convenience Store), By Terminal Type (Mobile Point of Sale, Fixed Point of Sale, Self-Service Kiosk), By Payment Method (Credit Card, Debit Card, Mobile Payment, Cash), By End Use (Small Grocery Stores, Large Supermarkets, Pharmacies) and By Regional (North America, Europe, South America, Asia-Pacific, Middle East and Africa) - Forecast to 2035

Grocery and Pharmacy Point-of-Sale Terminal Market Overview:

The Grocery and Pharmacy Point-of-Sale Terminal Market Size was estimated at 39.6 (USD Billion) in 2023. The Grocery and Pharmacy Point-of-Sale Terminal Market Industry is expected to grow from 41.76(USD Billion) in 2024 to 75.0 (USD Billion) by 2035. The Grocery and Pharmacy Point-of-Sale Terminal Market CAGR (growth rate) is expected to be around 5.47% during the forecast period (2025 - 2035).

Key Grocery and Pharmacy Point-of-Sale Terminal Market Trends Highlighted

The global market for grocery and pharmacy point-of-sale terminals possesses immense potential for growth due to the increased use of payment options, coupled with the quick uptake of technology in retail sales. There is rising consumer interest in speedy self-service checkouts, which has translated into the innovation of intuitive and user-friendly point-of-sale systems for both grocery and pharmacies. Moreover, the modern world inception of the pandemic resulted in a greater need for touchless terminals that would support different payment options – which, in turn, resulted in an accelerated demand. Retailers are looking to achieve a balance between better service and efficiency, which moves the use of branded terminals to a higher rank in their priority list.

There are several opportunities to explore within the market. The rise of e-commerce and online grocery shopping presents a chance for businesses to enhance their POS systems, integrating features that support hybrid models of shopping. As more retailers look to transition to omnichannel strategies, POS systems that can seamlessly connect in-store and online sales are gaining importance. This shift not only enhances customer convenience but also allows businesses to gather valuable data analytics, aiding better inventory management and marketing strategies. The recent trends reflect a greater emphasis on mobility in point-of-sale technology, with many retailers adopting mobile POS solutions for flexibility and improved customer service.Another notable trend is the growing focus on data security and compliance, driven by the need to protect customer information and transaction data in an increasingly digital world. As the market continues to evolve, retailers are also turning to cloud-based solutions for better accessibility and scalability, aligning with the broader digital transformation trends across various industries.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Grocery and Pharmacy Point-of-Sale Terminal Market Drivers

Increasing Adoption of Contactless Payments

The Global Grocery and Pharmacy Point-of-Sale Terminal Market Industry is witnessing a significant drive towards the adoption of contactless payment solutions. This trend has gained acceleration due to the growing consumer preference for speed and convenience in transactions. Contactless payments not only enhance the customer experience with quicker checkout but also improve store efficiency. As more customers opt for touchless transactions, grocery and pharmacy retailers are prompted to upgrade or replace their existing point of sale (POS) systems, thereby contributing to market growth.Furthermore, fluctuations in consumer behavior during events like pandemics have accelerated the demand for hygienic payment methods, prompting retailers in the Global Grocery and Pharmacy point-of-sale terminal Market Industry to invest in advanced point-of-sale technology. Additionally, innovative payment solutions including mobile wallets and NFC technology, are gaining traction, presenting lucrative opportunities for vendors within the market.Consumer safety is also paramount, and with the rising concerns around health and hygiene, retailers are focusing on systems that minimize contact during transactions. This systemic shift demonstrates a clear path for future growth for the Global Grocery and Pharmacy point-of-sale terminal Market Industry as it aligns with modern consumer expectations and provides an avenue for retailers to upgrade their capabilities.

Integration of Advanced Technologies

The integration of advanced technologies such as artificial intelligence (AI), machine learning, and data analytics is playing a pivotal role in the growth of the Global Grocery and Pharmacy Point-of-Sale Terminal Market Industry. These technologies enable retailers to provide personalized shopping experiences by analyzing consumer purchasing patterns and preferences. Additionally, AI-driven POS systems can help optimize inventory management, reducing waste and improving operational efficiency.As these capabilities become essential for competitive differentiation, retailers are increasingly investing in next-generation POS terminals, propelling market demand.

Rising Demand for Efficient Inventory Management

Efficient inventory management is crucial for grocery and pharmacy retailers, driving growth in the Global Grocery and Pharmacy point-of-sale terminal Market Industry. As businesses seek to minimize overhead costs and enhance customer satisfaction, POS systems equipped with advanced inventory tracking features are becoming indispensable. By integrating real-time inventory monitoring, these systems assist retailers in maintaining optimal stock levels, reducing instances of stockouts, and streamlining supply chain operations.Consequently, the demand for sophisticated POS solutions is expected to rise concurrently with the pursuit of better inventory management.

Grocery and Pharmacy Point-of-Sale Terminal Market Segment Insights:

Grocery and Pharmacy Point-of-Sale Terminal Market Application Insights

The Global Grocery and Pharmacy Point-of-Sale Terminal Market is witnessing notable performance across its Application segment, which encapsulates various retail formats enhancing operational efficiencies through advanced payment technologies. In 2024, the market saw a value of approximately 41.76 USD Billion, driven primarily by the increasing demand for streamlined transaction processes. In this segment, Retail Grocery commands a substantial market position, generating around 17.0 USD Billion in 2024, demonstrating its significant role in routine consumer spending.This format benefits from high transaction volumes, making it pivotal for sustaining overall market growth. Following closely, the Pharmacy sector witnessed a valuation of 10.5 USD Billion in 2024. This segment serves as a vital component, emphasizing the importance of efficient point-of-sale systems in ensuring quick service and enhanced customer satisfaction. Supermarkets, valued at approximately 8.76 USD Billion in the same timeframe, showcase their critical role in multi-product retailing, necessitating robust point-of-sale solutions for managing diverse inventory and consumer choices.Meanwhile, the Convenience Store sector, while representing a relatively smaller share at 5.5 USD Billion in 2024, remains relevant due to its growing popularity for daily shopping needs, particularly in urban areas where efficiency and speed are paramount. Collectively, these segments not only contribute to the overall revenue streams within the Global Grocery and Pharmacy Point-of-Sale Terminal Market but also highlight distinct consumer behavior trends. The significant reliance on advanced technology, coupled with an increasing shift towards digital transactions, underscores the prospects for growth across these various retail applications.With the emergence of innovations such as mobile payment solutions and integrated inventory management systems, these applications continue to evolve, reflecting the industry's response to changing consumer preferences and technological advancements. As we look forward, the substantial projected growth across these application areas reinforces their importance in the grocery and pharmacy retail landscape, thus shaping the future direction of the Global Grocery and Pharmacy point-of-sale terminal Market.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Grocery and Pharmacy Point-of-Sale Terminal Market Terminal Type Insights

The Terminal Type segment of the Global Grocery and Pharmacy Point-of-Sale Terminal Market reflects a diverse landscape with substantial growth potential. By 2024, the overall market is expected to reach a valuation of 41.76 billion USD, indicating a robust demand for efficient transaction solutions across the grocery and pharmacy sectors. Within this segment, the Mobile point-of-sale solution has gained traction due to its convenience and flexibility, allowing retailers to enhance customer interaction and streamline checkout processes. Meanwhile, the Fixed Point of Sale remains integral for traditional retail environments, offering stability and reliability in transactions.The Self-Service Kiosk has also become significant, empowering customers with the ability to manage their purchases independently, thereby improving operational efficiency. An overall shift towards automation drives the demand for these various terminal types and enhanced customer experience in the retail landscape. Additionally, factors such as cost efficiency and the growing preference for contactless payments are further propelling the growth of these terminal solutions, highlighting their importance within the Global Grocery and Pharmacy Point-of-Sale Terminal Market.

Grocery and Pharmacy Point-of-Sale Terminal Market Payment Method Insights

The Global Grocery and Pharmacy Point-of-Sale Terminal Market showcases significant growth in the Payment Method segment, with the overall market valued at 41.76 USD Billion by 2024. This segment has seen a surge in demand driven by the increasing adoption of cashless transactions, especially with the advent of mobile payment solutions. Among the various payment methods, credit cards and debit cards continue to play a crucial role, often dominating market transactions due to their convenience and widespread acceptance. Mobile payment options are rapidly gaining ground, offering enhanced speed and security that appeal to a tech-savvy consumer base.Cash, while still relevant, is experiencing a gradual decline in preference, particularly in urban areas where digital transactions are favored. Market growth is influenced by evolving consumer preferences, technological advancements, and the need for efficient transaction processes, presenting numerous opportunities for stakeholders. Furthermore, the Global Grocery and Pharmacy Point-of-Sale Terminal Market data reflects a robust expansion trajectory, with various trends indicating a shift toward more sophisticated, integrated payment solutions that cater to both grocery and pharmacy sectors.Overall, the market shows promising dynamics that are expected to unfold in the coming years, highlighting the importance of a multi-faceted approach to payment methods.

Grocery and Pharmacy Point-of-Sale Terminal MarketEnd-Use Insights

The Global Grocery and Pharmacy Point-of-Sale Terminal Market has shown robust growth, reaching a valuation of 41.76 USD Billion by 2024 and further climbing to 75.0 USD Billion by 2035, displaying significant market growth. In this market, varied end uses represent diverse dynamics and consumer behaviors. Small grocery stores, often reflecting localized shopping preferences, capture a significant portion of overall usage, serving communities with tailored product assortments. Supermarkets dominate the market due to their broad range of offerings and high customer footfall, necessitating advanced point-of-sale solutions to enhance transaction efficiency and customer experience.Pharmacies also hold a critical presence within this market, driven by the need for integrated health solutions and patient management systems. The growth in these end-use segments is propelled by technology advancements, increasing adoption of cashless payment methods, and evolving consumer demand for faster checkouts. However, challenges such as cybersecurity concerns and competition from online retailers may influence market dynamics. The Global Grocery and Pharmacy Point-of-Sale Terminal Market revenue is shaped significantly by these end uses, each contributing to the collective market statistics and illustrating the diverse needs of consumers and businesses in the retail landscape.

Grocery and Pharmacy Point-of-Sale Terminal Market Regional Insights

The Global Grocery and Pharmacy Point-of-Sale Terminal Market exhibit substantial growth across its regional segmentation, with North America holding a majority share valued at 16.0 USD Billion in 2024, projected to increase to 30.0 USD Billion by 2035. This region's advanced retail infrastructure and technology adoption contribute significantly to its prominence in the market. Europe follows with a strong positioning at 12.0 USD Billion in 2024, expected to reach 22.0 USD Billion by 2035, driven by evolving consumer preferences and regulatory support for digital payment solutions.The APAC region, valued at 9.0 USD Billion in 2024 and anticipated to grow to 16.5 USD Billion by 2035, highlights the rapid expansion of retail sectors in countries like China and India, leveraging smartphone penetration and online shopping trends. South America, with 3.0 USD Billion in 2024 and a projected 5.5 USD Billion by 2035, and MEA at 1.76 USD Billion in 2024, anticipated to reach 1.0 USD Billion by 2035, exhibit slower growth due to economic challenges and infrastructural hurdles. The regional dynamics and growth trajectories within the Global Grocery and Pharmacy Point-of-Sale Terminal Market reflect a diverse landscape of opportunities driven by technological advancements, rising consumer demand, and varying economic contexts, emphasizing the importance of adapting strategies to local market conditions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Grocery and Pharmacy Point-of-Sale Terminal Market Key Players and Competitive Insights:

The Global Grocery and Pharmacy Point-of-Sale Terminal Market has been experiencing significant growth due to the increasing demand for efficient payment systems and better inventory management within retail environments. With rising consumer expectations for seamless transactions, retailers are adopting advanced technologies that enhance the customer shopping experience. In this competitive landscape, organizations are focusing on innovative solutions that integrate hardware and software to facilitate smooth operations in grocery and pharmacy settings. The focus on mobile payment options, enhanced security measures, and omnichannel retailing has made this market a focal point for technology providers. As competition intensifies, companies are aiming to differentiate their offerings through unique features, user-friendly interfaces, and tailored solutions that meet the specific needs of grocery and pharmacy retailers.Square has established a commanding presence in the Global Grocery and Pharmacy point-of-sale terminal Market by offering user-friendly and versatile solutions that cater specifically to the needs of small to medium-sized businesses. Its ability to provide a cost-effective, all-in-one solution has made it a favorite among grocery and pharmacy retailers looking to streamline their operations without significant upfront investments. Square's point-of-sale system combines payment processing with inventory management, allowing businesses to manage sales, track stock levels, and analyze customer data in real time. The intuitive design of its software and hardware ecosystem promotes ease of use for staff, reducing training time and operational disruptions. Furthermore, Square continuously enhances its product offerings by integrating advanced features like customer loyalty programs and gift card solutions, further solidifying its position in this dynamic market.PAX Technology has emerged as a key player in the Global Grocery and Pharmacy point-of-sale terminal Market, known for its robust and reliable payment solutions that are tailored for a variety of retail environments. The company focuses on providing cutting-edge terminal solutions that ensure security and efficiency during transactions. PAX Technology's products are designed with scalable features to accommodate businesses of all sizes, making them particularly attractive to grocery and pharmacy chains seeking to improve their operational efficiencies. The emphasis on compliance with industry standards and regulations, combined with the ability to integrate seamlessly with existing systems, enhances the appeal of PAX offerings. Moreover, the company's commitment to innovation is evidenced through the frequent updates and enhancements to its technologies, ensuring that its POS terminals meet the evolving demands of retailers in this competitive market.

Key Companies in the Grocery and Pharmacy Point-of-Sale Terminal Market Include:

• Square


• PAX Technology


• Verifone


• Epson


• Panasonic


• ADDO


• Hewlett Packard


• Wincor Nixdorf


• Cielo


• Newland Payment Technology


• Ingenico


• Diebold Nixdorf


• Honeywell


• NCR


• Samsung

Grocery and Pharmacy Point-of-Sale Terminal Market Industry Developments

Recent developments in the Global Grocery and Pharmacy Point-of-Sale Terminal Market have highlighted a shift towards enhanced technology integration and improved customer experiences. Companies like Square and Verifone are focusing on mobile payment solutions and cloud-based services that streamline transactions for retailers and pharmacists. Additionally, PAX Technology has made strides in developing secure, contactless payment solutions that cater to the growing consumer preference for speed and safety. Noteworthy is the increasing focus on sustainability; companies like Epson are working on energy-efficient POS systems to align with eco-friendly practices. In terms of mergers and acquisitions, Honeywell's strategic acquisition of a technology firm aimed at advancing POS software compatibility gained attention, reflecting ongoing consolidation in the market. Furthermore, NCR and Samsung are exploring partnerships to enhance connected retail solutions that integrate advanced analytics. The overall market is experiencing growth in valuation due to increased demand for advanced POS solutions driven by digital transformation initiatives across the grocery and pharmacy sectors. This momentum is expected to continue as companies invest in technology to meet evolving consumer expectations.

Grocery and Pharmacy Point-of-Sale Terminal Market Segmentation Insights

1. 
   

   Grocery and Pharmacy Point-of-Sale Terminal Market Application Outlook

   
   
   
   
   1. 
      

      Retail Grocery

      
      
   
   
   2. 
      

      Pharmacy

      
      
   
   
   3. 
      

      Supermarket

      
      
   
   
   4. 
      

      Convenience Store

      
      
   
   
   
   

2. 
   

   Grocery and Pharmacy Point-of-Sale Terminal Market Terminal Type Outlook

   
   
   
   
   1. 
      

      Mobile Point of Sale

      
      
   
   
   2. 
      

      Fixed Point of Sale

      
      
   
   
   3. 
      

      Self-Service Kiosk

      
      
   
   
   
   

3. 
   

   Grocery and Pharmacy Point-of-Sale Terminal Market Payment Method Outlook

   
   
   
   
   1. 
      

      Credit Card

      
      
   
   
   2. 
      

      Debit Card

      
      
   
   
   3. 
      

      Mobile Payment

      
      
   
   
   4. 
      

      Cash

      
      
   
   
   
   

4. 
   

   Grocery and Pharmacy Point-of-Sale Terminal Market End-Use Outlook

   
   
   
   
   1. 
      

      Small Grocery Stores

      
      
   
   
   2. 
      

      Large Supermarkets

      
      
   
   
   3. 
      

      Pharmacies

      
      
   
   
   
   

5. 
   

   Grocery and Pharmacy Point-of-Sale Terminal Market Regional Outlook

   
   
   
   
   1. 
      

      North America

      
      
   
   
   2. 
      

      Europe

      
      
   
   
   3. 
      

      South America

      
      
   
   
   4. 
      

      Asia-Pacific

      
      
   
   
   5. 
      

      Middle East and Africa