Finland POS Terminals Market Size (2024 - 2029)

The Finland POS terminals market is experiencing significant growth, driven by the increasing adoption of contactless payments and advancements in technology that enhance payment security and convenience. The market's expansion is further supported by the rising use of mobile POS systems across various industries and the integration of e-commerce solutions, which facilitate online and offline transactions. The demand for POS terminals has been bolstered by the need for real-time information and inventory management, as well as the shift towards digital payments accelerated by the COVID-19 pandemic. This growth trajectory reflects the broader trends in the country's e-commerce and retail sectors, where POS systems play a crucial role in streamlining operations and enhancing customer experiences.

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Market Size of Finland POS Terminals Industry

Finland POS Terminals Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 12.80 %
Market Concentration Medium

Major Players

Finland POS Terminals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Finland POS Terminals Market Analysis

The Finland POS terminals market is expected to register a CAGR of 12.8% during the forecast period of 2022-2027. The primary factors driving the Finland POS terminals market's growth are high growth in contactless payments, advancements in technology enabling secure and convenient payments, and rising adoption of mPOS in various end-user industries, among others.

  • The POS terminal market has significantly grown over the last few years, and the growth is largely attributed to its widespread adoption among various end-user industries in the country. Further, many POS systems offer accompanying features to aid business operations managed through that same payment terminal. These include inventory management, insights on sales trends and customer behaviors, employee scheduling and wages, marketing, and more. This has resulted in the installation of POS terminals in the country.
  • Further, with a significant population in the country having internet and smartphone, the country's e-commerce market is rapidly growing. Additionally, many e-commerce companies have installed POS terminals that accept online payments, magstripe, and chip card payments.
  • Moreover, various POS terminal companies such as Erply are offering e-commerce integration POS terminals, which is expected to boost the country's POS terminal market significantly. With this, Erply's customers in Finland will have the possibility to use Erply's existing webshop integrations: Shopify, WooCommerce, and Magento - all free of charge.
  • Moreover, the adoption of POS solutions results in real-time information and inventory management tracking, thus boosting the adoption in various end-user industries. For instance, the Salkari jewelry store in Finland adopted the WInpos POS system, which resulted in smooth information flow between the POS system and the webshop. Moreover, it resulted in performing the stock inventory easily and conveniently.
  • The COVID-19 pandemic created a demand for digital payments in the country, resulting in increasing the demand for POS terminals equipped with NFC and other technologies accepting payments from contactless chip cards or digital interface cards for e-commerce businesses and brick and mortar stores.

Finland POS Terminals 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 a 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.

Finland POS Terminals Market is Segmented by Type (Fixed Point-of-sale Systems, Mobile/Portable Point-of-sale Systems), and by End-User Industry (Retail, Hospitality, and Healthcare).

BY TYPE
Fixed Point-of-sale Systems
Mobile/Portable Point-of-sale Systems
By End-User Industry
Retail
Hospitality
Healthcare
Others
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Finland POS Terminals Market Size Summary

The Finland POS terminals market is experiencing robust growth, driven by the increasing adoption of contactless payments and advancements in technology that enhance payment security and convenience. The market's expansion is further supported by the rising use of mobile POS (mPOS) systems across various industries, which are becoming integral to modern retail operations. These systems not only facilitate transactions but also offer features like inventory management and sales analytics, which are crucial for businesses aiming to streamline operations and improve customer experiences. The proliferation of e-commerce and the integration of POS systems with online payment platforms have also contributed significantly to market growth, as businesses seek to accommodate the growing demand for digital payment solutions.

The retail sector in Finland is a major contributor to the POS terminals market, with retailers increasingly recognizing the benefits of advanced POS systems. These systems provide centralized management of inventory and customer data, enabling retailers to optimize stock levels and personalize marketing efforts. The market is moderately consolidated, with key players like VeriFone System Inc. and Ingenico leading the way in offering innovative solutions and forming strategic partnerships to enhance their market presence. The ongoing growth in card payments and the expansion of mPOS solutions are expected to further boost the market, as businesses continue to adopt technologies that enhance payment processing efficiency and customer engagement.

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Finland POS Terminals Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Sizing and Estimates of Finland POS Terminals Market

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

    5. 1.5 Assessment of COVID-19 Impact on the Market

  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 Hospitality

      3. 2.2.3 Healthcare

      4. 2.2.4 Others

Finland POS Terminals Market Size FAQs

The Finland POS Terminals Market is projected to register a CAGR of 12.80% during the forecast period (2024-2029)

Ingenico Group (Worldline), VeriFone System Inc., PAX Technology, PayXpert LTD and Erply are the major companies operating in the Finland POS Terminals Market.

Finland POS Terminals Market Report Snapshots

Finland POS Terminals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)