|08-10-2018 01:04 PM CET - IT, New Media & Software||
Point Of Sale(POS) System Market size was estimated at over US$ 6410 million in 2017 and is likely to exceed US$ 15300 million by 2023 at a CAGR 15.7%
Press release from: Garner Insights
Point Of Sale(POS) System Market
The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.
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Over the next five years, Point of Sale(POS) System Market will register a 15.7% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 6410 million in 2017.
The POS System industry is relatively concentrated, the top 12 manufactures accounting 84.47% global market share in 2017. The global market scale of POS System is about 62 million units in 2017. It is expected to reach 179 million units by 2023, with the CAGR of 19%. In the world wide, major manufactures mainly are Ingenico, Verifone, PAX, Newland Payment, LIANDI, Xin Guo Du, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT and etc.
The key players covered in this report: Ingenico, Verifone, Newland Payment, PAX, LIANDI, Xin Guo Du, Centerm, Bitel, New POS Tech, Castles Tech, SZZT, CyberNet.
Asia-Pacific is the largest consumer of POS System and is expected to retain the higher growth rate during the next five years due to strong growth in electronic payment industry. China has witnessed a major chunk of the production and consumption of POS System in the Asia Pacific region. In 2017. China produced about 28.5 million POS Systems, accounting 45.8% of global market share.
In recent years, the demand for electronic payment has been growing and the demand of faster speed of payment has been growing as well. This trend has made the demand of Mobile POS Systems become larger and this trend can be anticipated to fuel the market growth during the forecast period.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of POS System starch will increase.
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We tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
This report presents a comprehensive overview, market shares and growth opportunities of Point of Sale(POS) System market by product type, application, key companies and key regions.
To calculate the market size, LP Information considers value generated from the sales of the following segments:
Segmentation by product type:
Fixed POS System
Wireless POS System.
Segmentation by application:
There are 13 Chapters to thoroughly display the Point Of Sale(POS) System market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.
Chapter 1: Point Of Sale(POS) System Market Overview, Product Overview, Market Segmentation, Market Overview of Regions, Market Dynamics, Limitations, Opportunities and Industry News and Policies.
Chapter 2: Point Of Sale(POS) System Industry Chain Analysis, Upstream Raw Material Suppliers, Major Players, Production Process Analysis, Cost Analysis, Market Channels and Major Downstream Buyers.
Chapter 3: Value Analysis, Production, Growth Rate and Price Analysis by Type of Point Of Sale(POS) System.
Chapter 4: Downstream Characteristics, Consumption and Market Share by Application of Point Of Sale(POS) System.
Chapter 5: Production Volume, Price, Gross Margin, and Revenue ($) of Point Of Sale(POS) System by Regions (2013-2018).
Chapter 6: Point Of Sale(POS) System Production, Consumption, Export and Import by Regions (2013-2018).
Chapter 7: Point Of Sale(POS) System Market Status and SWOT Analysis by Regions.
Chapter 8: Competitive Landscape, Product Introduction, Company Profiles, Market Distribution Status by Players of Point Of Sale(POS) System.
Chapter 9: Point Of Sale(POS) System Market Analysis and Forecast by Type and Application (2018-2023).
Chapter 10: Market Analysis and Forecast by Regions (2018-2023).
Chapter 11: Industry Characteristics, Key Factors, New Entrants SWOT Analysis, Investment Feasibility Analysis.
Chapter 12: Market Conclusion of the Whole Report.
Chapter 13: Appendix Such as Methodology and Data Resources of This Research.
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In the end, Point Of Sale(POS) System Industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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