Malta POS Terminal Market Size (2024 - 2029)

The Malta POS terminal market is experiencing significant growth, driven by the increasing expenditure of domestic tourists and the rising adoption of cashless and contactless payment options. The transformation of POS systems into integrated solutions for business intelligence further supports this expansion. Despite challenges such as security concerns, the market's potential is bolstered by the gradual population increase and the demand for consumer goods. The pandemic has also accelerated the need for advanced POS terminals, highlighting their importance in the retail and wholesale sectors of the Maltese economy.

Market Size of Malta POS Terminal Industry

Malta POS Terminal Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 13.87 %
Market Concentration Medium

Major Players

Malta POS Terminal Market Major Players

*Disclaimer: Major Players sorted in no particular order

Malta POS Terminal Market Analysis

The Malta POS terminal market is expected to register a CAGR of 13.87% during the forecast period 2022-2027. The POS terminal systems have changed in the present market from being transaction-oriented devices to systems that support and interface with organizations' CRM and other financial solutions. This situation made it possible for businesses to use POS terminal-captured transactional data for business intelligence.

  • The rise in the expenditure of domestic tourists in Malta is one of the primary drivers that is augmenting the market growth exponentially. According to National Statistics Office Malta, the overall expenditure of domestic travelers in Malta was significantly higher during the coronavirus (COVID-19) pandemic as compared to the previous year. In 2021, domestic spending peaked at nearly 80 million euros, rising from over 59 million euros in 2020. Meanwhile, the overall number of domestic tourists in Malta recorded an eight percent annual increase in 2021. This rise in the number and expenditure of domestic tourists will fuel the Malta POS terminal market to grow in the next upcoming years.
  • Moreover, the greater use of cashless and contactless payment options in Malta is a vital factor that is driving the total growth of the market. In addition, the total population of Malta is in the growing stage, although it is growing at a very slow pace. But as the overall population of Malta grows, the demand for consumer goods will increase significantly and thus will enhance the growth of the Malta POS terminal market. As per World Bank, Malta's population had increased by approximately 0.3 percent in the year 2021 as compared to the previous year.
  • Also, according to the World Bank, in the year 2021, about 14.42 percent of Malta's total population were aged mostly from 0 to 14 years, and about 63.77 percent of Malta's total population were aged 15 to 64 years. This signifies that the maximum of the population of Malta is between the range of 15 to 64 years of age. This rise of the people within this range in Malta will make a positive impact in terms of driving the market forward.
  • On the other hand, the steady growth in security concerns due to the usage of critical information while using the POS terminal could be a factor that can stifle the market growth in Malta.
  • The wholesale and retail sector remains very significant pillar of the Maltese economy. But due to the Covid 19 impact, both sectors have been one of the hardest hits due to the restrictions that were imposed for health reasons. However, the COVID-19 pandemic created a demand for contactless payments, thereby enhancing the total need for POS terminals equipped with NFC, RFID, and other technologies accepting payments from contactless chip cards or digital interface cards.

Malta POS Terminal Industry Segmentation

The study tracks the number of fixed and mobile POS Terminals in Malta. Fixed/EPOS Terminals are primarily PC-based workstations, namely LAN-available terminals and PC-class Processors, that are programmable and can transfer data to other devices unrestrictedly. Mobile Terminals include electronic funds terminals like a countertop, multilane, tablet, handheld terminals, PCI-DSS approved chip & PIN devices, approved chip & signature devices, and mPOS devices. All other systems, like PC-based systems, PIN pads, etc., are excluded from the scope.

The Malta POS Terminal Market is segmented by Type (Fixed Point-of-sale Systems, Mobile/Portable Point-of-sale Systems), End-User Industry (Retail, Hospitality, 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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Malta POS Terminal Market Size Summary

The Malta POS terminal market is experiencing significant growth, driven by the evolution of POS systems from mere transaction devices to integrated solutions that enhance business intelligence through CRM and financial interfaces. The market is bolstered by the increasing expenditure of domestic tourists and the rising adoption of cashless and contactless payment methods. As Malta's population gradually grows, so does the demand for consumer goods, further propelling the market. The COVID-19 pandemic, while challenging, accelerated the demand for contactless payment solutions, prompting the adoption of advanced technologies like NFC and RFID in POS terminals. The burgeoning e-commerce sector, supported by Malta's robust ICT infrastructure and high broadband connectivity, presents lucrative opportunities for market expansion.

Malta's economic landscape, characterized by a rising GDP and a significant urban population, underscores the growing need for POS terminals. The financial sector's rapid growth and the adoption of innovative payment options by small retailers and trading companies contribute to the market's positive trajectory. The entry of large European retailers and franchises, alongside the presence of numerous SMEs, further influences market dynamics. Despite the fragmented nature of the market, characterized by moderate competition among key players like Trust Payments Ltd. and Paymentwall Inc., recent partnerships and technological advancements are shaping the industry's future. These developments, including the expansion of acquiring-as-a-service capabilities, are enabling a broader range of fintech solutions, enhancing the market's growth potential.

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Malta POS Terminal Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

    4. 1.4 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

Malta POS Terminal Market Size FAQs

The Malta POS Terminal Market is projected to register a CAGR of 13.87% during the forecast period (2024-2029)

Trust Payments Ltd, Ingenico, Worldline, Verifone and Nayax are the major companies operating in the Malta POS Terminal Market.

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