Global and United States Fuel & Convenience Store POS Market Analysis 2020-2026
A point-of-sale (POS) system allows businesses to accept payments from their customers after a product or service is being sold. The global fuel & convenience store POS market is anticipated to grow with a CAGR of 10.74% over the forecast period, i.e., 2021 – 2026. Moreover, the market in the United States is expected to grow with a CAGR of 5.63% during the forecast period. Factors such as the increasing number of fuel stations and convenience stores in countries worldwide, along with the increase in online payment, followed by the surge in the volume of sales of these stores are anticipated to drive the growth of the market during the forecast period. The global fuel & convenience store POS market is estimated to garner a revenue of close to USD 7260 Million by the end of 2026, up from a revenue of around USD 3990 Million in the year 2020. Moreover, in the United States, the market is expected to generate a revenue of about USD 560 Million by the end of 2026, and further grow with a CAGR of over 5% during the forecast period.
The global and United States fuel & convenience store POS market is segmented on the basis of product fixed POS, mobile POS, and cloud POS. Out of these, the fixed POS segment is expected to generate the largest revenue of near to USD 3680 Million by the end of 2026. Additionally, the segment is also expected to grow with a CAGR of more than 9% during the forecast period. Furthermore, in the year 2020, the segment registered a revenue of around USD 2150 Million.
Some of the prominent industry leaders in the global and United States fuel & convenience store POS market that are included in our report are Square, Inc., Fujitsu Limited, Bridge SMS Retail Solutions (AM/PM Systems Inc.), Clover Network, Inc., NCR Corporation, VeriFone, Inc., Gilbarco Inc., Oracle (MICROS), H&L POS, Petrosoft LLC, Shift4 Payments, LLC, and others.