Saudi Arabia POS Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Saudi Arabia Point of Sale (POS) Terminal Companies and the market is segmented by type (fixed point-of-sale terminals and mobile/portable point-of-sale terminals) and by end-user industry (retail, hospitality, and healthcare). The study tracks the number of POS terminals in the country. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

Saudi Arabia POS Terminal Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Saudi Arabia POS Terminal Market Size

Saudi Arabia POS Terminal Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 10.62 %
Market Concentration Medium

Major Players

Saudi Arabia POS Terminal Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Saudi Arabia POS Terminal Market with other markets in Technology, Media and Telecom Industry

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Security & Surveillance

Saudi Arabia POS Terminal Market Analysis

The Saudi Arabia POS Terminal Market is expected to register a CAGR of 10.62% during the forecast period.

  • When a credit or debit card is used to pay for anything, a traditional point-of-sale (POS) terminal scans the magnetic strip. It determines if there is enough money in the account holder's linked bank account or e-wallet to transmit to the retailer and complete the transaction. The sale is recorded, and a receipt is emailed, printed, or texted to the customer.
  • In March 2022, Bank AlJazira partnered with JCB International Co., Ltd. to launch JCB acceptance through its POS and ATM network devices deployed across the Kingdom of Saudi Arabia (KSA). This also highlights the role of Saudi Payments in enabling international payment schemes to operate in the KSA market. This partnership allows Bank AlJazira to accept JCB Cards across their POS and ATM terminals deployed throughout the country.
  • Similarly, in March 2023, American Express Saudi Arabia announced a strategic partnership with Riyad Bank to permit merchants on Riyad Bank's Point of Sale (POS) network to accept American Express Card payments. Through this partnership, American Express Cardmembers will have access to pay with their Cards at a significant number of new locations, providing greater payment choice and wider acceptance for them.
  • The market was expected to witness a significant boost from the hospitality sector as hotels re-opened after the COVID-19 pandemic. Furthermore, the country's focus on tourism is expected to drive the demand for POS terminals. For instance, in May 2022, according to the Saudi Tourism Authority, Saudi Arabia is targeting 70 million visitors in 2022 compared to 62 million visitors in 2021. Hospitality point-of-sale systems are computerized systems that incorporate cash registers, computers, and peripheral equipment.
  • However, cyber security remains a constant threat to POS terminal devices and their software network, as it shares sensitive information of users, merchants, and banks. According to Kaspersky, the number of cyber-attacks increased by 46% to almost 656,045 in the first four months of 2022, in comparison to 449,082 infections during the same in 2021. This requires stringent measures to ensure data security against such high attacks.
  • Because of the COVID-19 pandemic, there was an increased demand for contactless payments, necessitating the installation of POS terminals equipped with NFC, RFID, and other technologies capable of accepting payments contactless. Customers use these payment options and expect more businesses to offer them. According to the Saudi Central Bank and Visa, during the COVID-19 pandemic, contactless payments surged exponentially, making the country the highest in the Middle East and North Africa region.

Saudi Arabia POS Terminal Industry Overview

The Saudi Arabian POS Terminal Market is moderately competitive, with a considerable number of regional players. The companies leverage strategic collaborative initiatives, acquisitions, and product launches to increase market share and profitability.

In January 2023, Ingenico announced a strategic partnership with Klarna to facilitate the rollout of Klarna's flexible payment options at the point of sale utilizing PPaaS, Ingenico's innovative cloud Payments Platform as a Service.

In June 2022, Geidea, one of the leading fintech companies in Saudi Arabia, announced that it entered a strategic partnership with Nayifat, one of KSA's pioneers in the financing space. Through this collaboration, Geidea was expected to provide Nayifat's customers with a full suite of POS solutions. This will likely empower merchants to accept payments via numerous methods - including contactless cards and wearable devices through Geidea's POS terminals and Tap-on-Phone solutions.

Saudi Arabia POS Terminal Market Leaders

  1. PAX Middle East

  2. Geidea Solutions

  3. VeriFone, Inc.

  4. Ingenico (Worldline)

  5. Datecs Ltd.

  6. *Disclaimer: Major Players sorted in no particular order
Saudi Arabia POS Terminal Market Concentration
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Saudi Arabia POS Terminal Market News

  • November 2022: Geidea announced the launch of an integrated point-of-sales solution in Saudi Arabia to revolutionize payment and business processes for food & beverage operations. The fully integrated, new-generation, cloud-based POS system can respond to ever-evolving customer needs and dynamic market conditions. It is available for cafes, full dining, food trucks, quick service, and cloud kitchens and is compatible with all of Geidea's payment solutions.
  • August 2022: Saudi Central Bank (SAMA) announced the launch of a point of sale (POS) service between the Saudi payments network (Mada) and Qatar's National ATM and POS Switch (NAPS). The service was launched following successful technical trials between the two networks. The new service will enable Mada and NAPS cardholders to carry out POS transactions in the two countries through the Gulf Payments Network (GCCNET).

Saudi Arabia POS Terminal Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Suppliers
    • 4.3.2 Bargaining Power of Buyers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of COVID-19 Impact on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Payments from NFC-Compatible Smartphones and Smart Cards
    • 5.1.2 Retail Sector Adopting the NFC POS Solutions Considerably
    • 5.1.3 Significant Rise in the Demand for Contactless and Mobile POS Terminals
  • 5.2 Market Challenges
    • 5.2.1 Problems With Transaction Limit Installation Costs
    • 5.2.2 Security Concerns Due to the Usage of Sensitive Information
  • 5.3 Market Opportunities
    • 5.3.1 Rising Adoption of Contactless Payment

6. MARKET SEGMENTATION

  • 6.1 By Type
    • 6.1.1 Fixed Point-of-Sale Systems
    • 6.1.2 Mobile/Portable Point-of-Sale Systems
  • 6.2 By End-user Industry
    • 6.2.1 Retail
    • 6.2.2 Hospitality
    • 6.2.3 Healthcare
    • 6.2.4 Other End-user Industries

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles
    • 7.1.1 VeriFone, Inc.
    • 7.1.2 PAX Middle East
    • 7.1.3 Ingenico (Worldline)
    • 7.1.4 Urovo technology Corporation Limited
    • 7.1.5 DATECS Ltd.
    • 7.1.6 Spire Systems, Inc.
    • 7.1.7 Toshiba Global Commerce Solutions
    • 7.1.8 Geidea Solutions
    • 7.1.9 Micros POS Systems (Oracle Corporation)
    • 7.1.10 Castles Technology
  • *List Not Exhaustive

8. INVESTMENT ANALYSIS

9. FUTURE OUTLOOK OF THE MARKET

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Saudi Arabia POS Terminal Industry Segmentation

The scope of the study includes Fixed and Mobile POS Terminals. Fixed/EPOS Terminals are PC-based workstations, namely LAN-available terminals and PC-class Processors, that are fully programmable and can transmit data to other devices unrestrictedly. Mobile Terminals include electronic funds terminals such as countertop, multilane, tablet, handheld terminals, PCI-DSS approved chip & PIN devices, approved chip & signature devices, and mPOS devices. All other systems, such as PC-based systems, PIN pads, etc., are excluded from the scope.

The Saudi Arabia POS terminal market is segmented by Type (Fixed Point-of-Sale Terminals and Mobile/Portable Point-of-Sale Terminals) and by End-user Industry (Retail, Hospitality, and Healthcare). The study tracks the number of POS terminals in the country. All the above segments of this market are valued in USD.

By Type Fixed Point-of-Sale Systems
Mobile/Portable Point-of-Sale Systems
By End-user Industry Retail
Hospitality
Healthcare
Other End-user Industries
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Saudi Arabia POS Terminal Market Research FAQs

What is the current Saudi Arabia POS Terminal Market size?

The Saudi Arabia POS Terminal Market is projected to register a CAGR of 10.62% during the forecast period (2025-2030)

Who are the key players in Saudi Arabia POS Terminal Market?

PAX Middle East, Geidea Solutions, VeriFone, Inc., Ingenico (Worldline) and Datecs Ltd. are the major companies operating in the Saudi Arabia POS Terminal Market.

What years does this Saudi Arabia POS Terminal Market cover?

The report covers the Saudi Arabia POS Terminal Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Saudi Arabia POS Terminal Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

POS System Terminal in Saudi Arabia Industry Report

The Saudi Arabia PoS terminal industry is experiencing significant market growth, driven by the increasing adoption of digital payment solutions across various sectors such as retail, hospitality, and healthcare. This market is segmented by type, including fixed and mobile/portable PoS systems. The expansion is supported by Saudi Arabia's push towards economic diversification and the adoption of financial technologies that ensure efficient and secure transaction processing. With the government's Vision focusing on digital transformation, there is a strong demand for advanced PoS solutions that streamline operations and enhance customer experiences.

The retail sector, in particular, plays a crucial role in driving market expansion, benefiting from PoS systems that manage sales, inventory, and financial records, thus improving business efficiencies and customer satisfaction. As the market evolves, opportunities are emerging for both local and international service providers. For a comprehensive market forecast, market size, market share, and market research, download a free report PDF sample from the Mordor Intelligence™ Industry Reports on the Saudi Arabia PoS terminal industry.

Industry reports indicate that the market value and market segmentation are crucial for understanding the market overview. The market report provides detailed industry analysis and market trends, which are essential for market leaders and research companies. The report also highlights the industry outlook and industry statistics, which are vital for predicting market predictions and market review. The industry research emphasizes the importance of industry information and industry sales in understanding the market data and market outlook.

The market analysis shows that the market is poised for substantial growth, with industry size and industry trends playing a significant role in shaping the future of the PoS terminal market in Saudi Arabia. The report example provided in the research offers valuable insights into the market forecast and market review, helping stakeholders make informed decisions. The industry reports and market predictions underscore the importance of staying updated with the latest market developments to leverage growth opportunities effectively.