Research Nester has released a report titled “Global and United States Fuel & Convenience Store POS Market: Demand Analysis & Opportunity Outlook 2026” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In the year 2019, the volume of non-cash transactions worldwide, grew by around 15% from its previous year to reach a volume count of close to 700 billion transactions.
The statistics portray the growing number of cashless transactions worldwide, which is one of the major factors anticipated to drive the need for POS systems amongst businesses. Backed by the rising internet penetration and the surge in sales of smartphones, the trend for cashless transactions is on a rise. Moreover, owing to the increasing focus of the government of nations to drive awareness for cashless transactions, the demand for POS systems is anticipated to increase, and in turn, promote the market growth.
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. The market is estimated to garner a revenue of USD 7263.6 Million by the end of 2026, up from a revenue of USD 3992.3 Million in the year 2020. The global and United States fuel & convenience store POS market is segmented on the basis of product fixed POS, mobile POS, and cloud POS. By the end of 2026, the fixed POS segment is expected to generate the largest revenue of USD 3683.4 Million, up from a revenue of USD 2148.8 Million in the year 2020.
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The fuel & convenience store POS market in the United States is anticipated to grow with a CAGR of 5.63% during the forecast period, backed by the growing focus of the government of the country on promoting cashless transactions, and the surge in the number of convenience stores in the country.
However, the rising concerns for data privacy, and the technical challenges are some of the major factors predicted to hinder the market growth.
This report also provides the existing competitive scenario of some of the key players of the global and United States fuel & convenience store POS market, which includes company profiling of 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.
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The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “Global and United States Fuel & Convenience Store POS Market: Demand Analysis & Opportunity Outlook 2026”, analyses the overall global and United States fuel & convenience store POS industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the global and United States fuel & convenience store POS market in the near future.
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