Press release
Global Point of Sale Terminals Market by 2024 Top Key Players are Bitel, Castles Technology, CitiXsys, Fujian Newland, Ingenico Group, LS Retail, Micros Systems, NCR Corporation, NEC Corporation, PAX Technology, Toshiba, VeriFone Systems
Point of Sale Terminals Market
Point of Sale Terminals Market set to reach USD 125 billion by 2024. A rise in the demand for effective, reliable, user-friendly, and quick payment solutions is encouraging the developers to manufacture products that will cater to the needs of the customers. The products offered by these players are enhancing the payment techniques and are experiencing a high adoption rate. The applications of the solutions in the retail industry are growing at a rapid pace with the rise in technological advancements brought about by the point of sale terminals market players. For instance, Oracle is offering NetSuite, which is a retail management solution that combines payment, order management, and e-commerce functionalities.
Mobile terminals are predicted to experience a high demand in the POS terminals market over the coming years owing to a rise in the adoption smartphones and the features they provide. Manufacturers are developing products, which can be connected to the mobile phones for providing payment services. Several advantages of these devices that are propelling the adoption of these devices include improved security, efficient & accurate transactions, ease of accepting mobile wallet payments, and customer experience improvements. Several major players are developing these products to cater to the ever-increasing demands of the customers.
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Top Key Players: -
The key players operating in the point of sale terminals market are Bitel Co., Castles Technology, CitiXsys, Inc., Fujian Newland, Ingenico Group, LS Retail, Micros Systems, Inc., NCR Corporation, NEC Corporation, PAX Technology, Toshiba Corporation, and VeriFone Systems, Inc., among others.
Market share calculation in this report is not done based on companies covered in it. The calculation of POS terminals market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
Asia Pacific is experiencing a high demand for these solutions and software in point of sale terminals owing to a rise in the adoption of the hardware solutions. These products include mobile devices and terminals, which are experiencing a high demand in restaurants.
The applications of these products at food points are encouraging the developers to provide them restaurant solutions to manage their operations and tasks.
Countries including India and China have a strong presence of the point of sale terminals market players, which are generating a high demand for these solutions and software.
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Partial Chapter of the Table of Content
Chapter 4 POS Terminals Market, By Product (Revenue, Volume)
4.1 POS terminals market share by product, 2016 & 2024
4.2 Fixed POS Terminals
4.2.1 Global fixed POS terminals market, 2012 - 2024
4.2.2 Global fixed POS terminals market, by region, 2012 - 2024
4.3 Mobile POS Terminals
4.3.1 Global mobile POS terminals market, 2012 - 2024
4.3.2 Global mobile POS terminals market, by region, 2012 - 2024
Chapter 5 POS Terminals Market, By Component
5.1 POS terminals market share by component, 2016 & 2024
5.2 Hardware
5.2.1 Global POS hardware market, 2012 - 2024
5.2.2 Global POS hardware market, by region, 2012 - 2024
5.3 Software
5.3.1 Global POS software market, 2012 - 2024
5.3.2 Global POS software market, by region, 2012 - 2024
Chapter 6 POS Terminals Market, By Application (Revenue, Volume)
6.1 POS terminals market share by application, 2016 & 2024
6.2 Restaurants
6.2.1 Global market demand from restaurants, 2012 - 2024
6.2.2 Global market demand from restaurants, by region, 2012 - 2024
6.3 Hospitality
6.3.1 Global market demand from hospitality, 2012 - 2024
6.3.2 Global market demand from hospitality, by region, 2012 - 2024
6.4 Healthcare
6.4.1 Global market demand from healthcare, 2012 - 2024
6.4.2 Global market demand from healthcare, by region, 2012 - 2024
6.5 Retail
6.5.1 Global market demand from retail, 2012 - 2024
6.5.2 Global market demand from retail, by region, 2012 - 2024
6.6 Warehouse/Distribution
6.6.1 Global market demand from warehouse/distribution, 2012 - 2024
6.6.2 Global market demand from warehouse/distribution, by region, 2012 - 2024
6.7 Entertainment
6.7.1 Global market demand from entertainment, 2012 - 2024
6.7.2 Global market demand from entertainment, by region, 2012 - 2024
6.8 Others
6.8.1 Global market demand from other applications, 2012 - 2024
6.8.2 Global market demand from other applications, by region, 2012 - 2024
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Software solutions are experiencing a high demand, thus propelling the point of sale terminals market growth. The growing adoption of these solutions in the restaurants and retail sector is encouraging the developers to provide software, which will be specific to these industries. For instance, POSist Technologies Pvt. Ltd. offers a cloud-based restaurant POS software and management system, which helps in tracking orders, secure payments, and flexibility of mobility. Similarly, Verifone is offering retail solutions, which offer simplifications in managing sales, stores, and payment counters. Such technological advancements by the major industry players are driving the POS terminals market growth.
The applications of these solutions in the healthcare sector are growing at a rapid pace, driving the POS terminals market growth. It includes software and hardware solutions for managing the payment services in the sector. Several companies in the POS terminal market are developing products and solutions for catering to the demand of the sector. For instance, Bepoz America LLC is offering hospital system software, which keeps a track of stocks, employee meal plans, payroll deductions, and discounts. These players in the POS terminals market are developing several solutions, which will boost the point of sale terminals market growth.
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