Banking Equipment (Global Market)

POS Terminals (Global Market)

Main article: POS terminals (global market)

Chronicle

2025: Global Smart Banking Equipment Market Size Reaches $15.73 Billion for the Year

In 2024, spending on the global smart financial equipment market amounted to $15.73 billion. More than a third of this amount was in the Asia-Pacific region. The corresponding data are provided in the Fortune Business Insights study, the results of which were published on December 16, 2025.

Analysts take into account the sales of smart POS terminals and ATMs, self-service kiosks, payment cards with built-in chips, various devices and sensors of the Internet of Things (IoT), digital signage, displays, biometric solutions, etc. It is noted that this equipment is the basis of modern financial systems: it helps to integrate digital solutions into the physical infrastructure.

One of the main drivers of the market is the introduction of digital and contactless payments. Such services provide high speed, convenience and security, eliminating the need for cash or bank cards. Data encryption and biometric identification tools reduce the risk of fraud. At the same time, digital wallets and banking applications help track spending. Users can pay for goods and services at any time, anywhere and from any device. This is especially important in light of the rapid development of e-commerce.

The study authors call the integration of IoT and artificial intelligence other stimulating factors: these technologies transform the ways financial transactions are carried out and banking platforms work. Specifically, AI-based analytics enable more informed decision-making, fraud detection, and personalized service delivery. In addition, neural networks make it possible to identify possible equipment malfunctions and other problems in advance, which helps minimize service downtime and reduce costs. However, the IoT ecosystem provides real-time communication between various devices, including ATMs and POS terminals.

Government initiatives aimed at developing digital payment ecosystems have a positive impact on the industry. These measures are aimed at creating a single financial space, as well as increasing the availability of services for various segments of the population and remote regions. International standards for the exchange of financial information are being implemented.

In 2024, the largest revenue in the smart financial equipment market was provided by POS terminals - $5.23 billion. In terms of use, banks and financial institutions, independent ATM operators, non-bank financial institutions, government agencies, fintech companies, etc. are distinguished. The most significant contribution is made by the first of these segments - $6.76 billion, or 43%. From a geographical point of view, the Asia-Pacific region leads with $5.62 billion, which corresponds to 35.5% of global costs. Significant industry players on a global scale are:

• Diebold Nixdorf;
• NCR Atleos;
• Hyosung TNS;
• GRG Banking Equipment;
• PAX Technology;
• Ingenico Group;
• VeriFone Systems;
• Hitachi Channel Solutions;
• OKI Electric Industry;
• Castles Technology;
• Nexgo (SZ Xinguodu Technology);
• Aures Group.

In 2025, the volume of the market in question is expected to reach $16.47 billion. Fortune Business Insights analysts believe that in the future, the CAGR will be 5.5%. Thus, by 2032, spending may increase to about $24 billion.^[1]

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