Press release
POS Systems Market by Technology, Size to Expand Significantly by the End of 2022
POS Systems
The global POS system market is expected to reach USD 113.27 billion by the end of 2024. The mobile point of sale industry is expected to reach over USD 55 billion by 2024. The POS market is experiencing such high growth potential because of the growing need for greater customization among systems and the greater need for better user experience and mobility, which includes making use of technologies such as GPRS, CDMA and Wi-Fi etc.
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The point of sale is the time and place where a retail transaction is completed and there are no dues from either of the parties involved in the transaction. At this point, the seller would calculate the amount that is owed by the customer and would prepare an invoice and provide various options for different modes of payment. A POS system in the present day is gaining a lot of popularity because it does away with the need for price tags and even if there is a price change it can be done through the inventory window. It can also help to implement different kinds of discounts and loyalty programs that will attract the customer to purchase the product or commodity.
Usage of POS terminals:
The POS terminals are widely used in:
• Restaurants
• Hospitality
• Healthcare
• Retail
• Wholesale
• Entertainment
Advantages of POS systems:
• Improved efficiency
• Efficient stock management
• Accurate reports
• Employee tracking
• Price consistency
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This report studies the global POS Systems market, analyzes and researches the POS Systems development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Epson, HP, Intuit, Samsung, Honeywell, PayPal, Aldelo, Alexandria Computers, BankServ, Bixolon, Clover, Dascom, Elo Touch, Wells Fargo, GoVenture, Informatics, NCH Software, QuickBooks, Star Micronics, Topaz Systems, VeriFone, Wasp Barcode.
Market segment by Type, POS Systems can be split into
Desktop POS
Handhold POS
Mobile POS
Market segment by Application, POS Systems can be split into
Retail
Restaurant
Hospitality Industry
Other
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