Scandinavia POS Terminal Market – 2025
Scandinavia’s POS Terminal Market
A Technologically Advanced and Innovative Retail Landscape
The Scandinavian retail market (Sweden, Norway, Denmark, and Finland) is a dynamic landscape that offers significant opportunities for international retailers and vendors. Across the region, consumers are tech-savvy and early adopters of new technologies. This digital-savvy consumer base presents opportunities for retailers to leverage innovative retail technologies and e-commerce platforms. This market is also characterized by a strong preference for sustainability and ethical practices. As a result, the Scandinavian POS terminal market tends to be among the most modern anywhere.
Market Trends
- Not surprisingly, this is the most technologically advanced region in all of EMEA, with abundant R&D efforts in Defense, Healthcare, Manufacturing and Industrial Processes.
- Since 2014, retail sales have grown 51%, compared to 19% for France, 40% for UK and 26% for Germany.
- Consists of Denmark, Finland, Norway and Sweden, who differ greatly in their approach to retail. Denmark tends to be territorial, with little foreign retail intervention besides Lidl, Aldi, Reitan and H&M.
- Finland is the only one of the four that adopted the Euro. Four companies dominate Finnish retail (SOK, Kesko, Lidl and Suomen Lähikauppa OY) who control 50% of retail sales.
- Norway prefers cooperatives, and the top 4 command 90% of all food sales. Sweden has had the most success in their retailers expanding into other markets, including H&M (4,200+ stores outside of Sweden), Lindex (270+) and IKEA (nearly 430).
Leading Retailers
Hennes & Mauritz (#53 worldwide), S Group (#83), ICA (#85), NorgesGruppen (#106), Salling Group (#116), Kesko (#133), Reitan Group (#151), Axel Johnson (#157), Coop Norge (#180), Coop Danmark (#206), JYSK Group (#231).
Market Size & Growth Projections
2024 Market Size
Expected 2029 Market Size
Total Growth
CAGR
Key Vendors
IHL Studies for Scandinavia POS Terminal Market
2025 EMEA POS Terminal Market Study
- This study includes market sizing, POS shipments, POS installed base and trends for the key EMEA countries (Germany, France, UK, etc) and the region as a whole.
2024 EMEA POS / mPOS Software Market Share
- Includes POS market share by software vendor by segment
2024 EMEA POS Terminal Hardware Market Share by Vendor
- Provides POS shipments and POS installed base by quarter for each retail segment for the EMEA region.
2025 EMEA Retail Stores/POS Sizing by Retail Chain Size
- Included in this study are Market Sizing by store locations and chain size for Europe/Middle East/Africa