Juniper forecasts 25% increase in POS terminal transaction values

Global POS terminal transaction values will total US$17 trillion this year and grow by 25% to $21.1tn a year by 2028, Juniper Research has forecast.

This growth comes despite the recent POS outages in some retail store chains across the globe; forcing a number of temporary store closures. Significant financial and security risks were exposed during these faults; continuing the demand for smart POS terminals to replace outdated legacy systems.

Smart POS solutions, which offer enhanced functions over traditional POS such as staff management, loyalty card processing, inventory management and shop synchronization with other outlets in the same chain, are identified as the key to mitigating the problem.