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Netherlands POS Terminal Market Size (2024 - 2029)

The Netherlands POS terminal market is experiencing significant growth, driven by the widespread use of debit cards linked to payment accounts and the commitment of the Dutch Payments Association to ensure the safety of payment terminals. The market size is expanding as POS systems evolve from basic transaction devices to integrated solutions that support business intelligence through captured data. Initiatives like the European Payments Initiative and the European Commission's efforts to simplify payment acceptance are further contributing to the market's expansion. The increased consumer interest in diverse payment methods, particularly contactless payments, has also played a crucial role in the market's growth trajectory.

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Market Size of Netherlands POS Terminal Industry

Netherlands POS Terminal Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 11.70 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Netherlands POS Terminal Market Analysis

The Netherlands point of sale terminal market is expected to grow at a CAGR above 11.7% during the forecast period, 2022-2027. Nearly everyone in the Netherlands has a debit card from their bank that is linked to a payment account. The Dutch Payments Association is committed to the safety of using payment terminals in the Netherlands.

  • In the current market scenario, the POS terminal systems have evolved from transaction-oriented devices to systems that support and integrate into businesses' CRM and other financial solutions. This instance allowed companies to leverage captured transactional data through POS terminals for business intelligence.
  • In early 2020, a consortium of European banks announced they were taking the first steps to creating a pan-European payment solution. This solution will be based on Instant Payments for use in stores, online, and between individuals. The European Payments Initiative (EPI) consortium intends to start operational activities by the end of 2022. The Netherlands Payment Association is considering how EPI can be fitted into the Dutch payment landscape.
  • The efforts by the European Commission to simplify the payment acceptance facilities of merchants are also triggering the market's growth. Till 2023, as part of the retail payments strategy, the European Commission has an action plan to support the modernization and simplification of EU merchants' payment acceptance facilities. This support could be achieved by guidance and awareness-raising amongst national retailers.
  • The Netherlands witnessed a strong year in digital transactions and increased consumer interest in interacting with different payment methods, including no-contact POS terminals. Due to the countermeasures related to COVID-19, the share of contactless payments increased enormously. Virtually all payment terminals in the Netherlands accept contactless payment instruments since every cardholder can have a contactless bank card.

Netherlands POS Terminal Industry Segmentation

The Netherlands PoS Terminal market covers the number of terminals sold in a particular year.

Fixed POS terminals include devices such as PC-based workstations, namely PC-class Processor-based and LAN available terminals. Also, PC on Cash Drawer Devices (PCOCD) and self-checkout (unattended terminals) are part of the scope.

Mobile/Portable devices such as tablets of all sizes, and handheld terminals with or without payment processing capabilities are considered. This specific segment caters to the devices used to process a transaction/information. mPOS systems are linked to traditional transaction peripherals, including credit card machines, receipt printers, or scanners, and run on tablets, allowing the user to process a transaction from anywhere on the floor or open a new lane/terminal quickly. Devices are considered with or without credit/debit readers.

The market is further categorized to include end-users across the Netherlands, such as retail, healthcare, hospitality, etc. Also, a detailed COVID-19 impact on the market studied is made part of the study.

By Type
Fixed Point-of-sale Systems
Mobile/Portable Point-of-sale Systems
By End-user Industry
Retail
Entertainment
Healthcare
Hospitality
Other End-user Industries
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Netherlands POS Terminal Market Size Summary

The Netherlands point of sale (POS) terminal market is experiencing significant growth, driven by the increasing adoption of digital payment methods and the integration of POS systems into broader business solutions. The market is evolving from traditional transaction-focused devices to sophisticated systems that enhance customer relationship management and financial operations. This transformation is supported by initiatives such as the European Payments Initiative, which aims to streamline payment processes across Europe, and the European Commission's efforts to modernize payment acceptance facilities for merchants. The rise in contactless payments, accelerated by the COVID-19 pandemic, has further boosted the adoption of POS terminals, with nearly all terminals in the Netherlands now supporting contactless transactions.

The retail and healthcare sectors are key drivers of POS terminal demand in the Netherlands. The retail industry, recovering from pandemic-related disruptions, relies on POS systems to manage sales and inventory effectively, while the healthcare sector is rapidly adopting these technologies to enhance patient safety and streamline payment processes. The market is moderately fragmented, with major players like Ingenico ePayments and Verifone Payments BV leading the way. Strategic partnerships and expansions, such as Buckaroo's acquisition of SEPAY and Urovo's entry into the Dutch market, are expected to further stimulate growth. Additionally, innovations like Samsung's Kiosk and myPOS's Slim terminal are contributing to the market's expansion by offering advanced, user-friendly payment solutions.

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Netherlands POS Terminal Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Assessment of Impact of COVID-19 on the Industry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Fixed Point-of-sale Systems

      2. 2.1.2 Mobile/Portable Point-of-sale Systems

    2. 2.2 By End-user Industry

      1. 2.2.1 Retail

      2. 2.2.2 Entertainment

      3. 2.2.3 Healthcare

      4. 2.2.4 Hospitality

      5. 2.2.5 Other End-user Industries

Netherlands POS Terminal Market Size FAQs

The Netherlands POS Terminal Market is projected to register a CAGR of 11.70% during the forecast period (2024-2029)

Ingenico ePayments, Verifone Payments BV, Spire Corp, Newland Europe BV and myPOS are the major companies operating in the Netherlands POS Terminal Market.

Netherlands POS Terminal Market Report Snapshots

Netherlands POS Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)