Press release
Point of Sale (POS) Terminals Market 2018 Key Players are Panasonic, Samsung Electronics, VeriFone Systems, Toshiba, Squirrel Systems, Shenzhen Xinguodu, PAX Technology, NEC, NCR, Ingenico, Fujian Newland, Cisco Systems
POS Terminals Market
Point of Sale (POS) Terminals Market to exceed USD 125 billion by 2024; according to a research report. The global shipments are set to witness a double-digit growth rate in the coming years.
The POS terminals market is anticipated to witness considerable growth over the forecast timespan owing to the rising demand across several applications such as entertainment, healthcare, hospitality, retail, and warehouse. Increasing advancements in technologies and the growing demands for contactless payments, coupled with the adoption of NFC devices in the industry are anticipated to boost the global POS terminals market demand.
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The rising penetration of the Internet and payment solutions, such as online payments, stationary phone and mobile payments, has given an impetus to the POS terminals market. The systems are gradually shifting towards digital format, with e-mail and electronic receipts allowing paper free transactions. In addition, increased adoption of debit and credit cards has generated a high demand for these devices. With the advancements in payment technologies, the industry is migrating towards EMV chip card payments which is anticipated to further fuel the POS terminals market momentum in the next seven years.
Top Key Players:-
The key players of global Point of Sale (POS) Terminals Market are VeriFone Systems Inc., Toshiba Corporation, Squirrel Systems, Shenzhen Xinguodu, Samsung Electronics Co., Ltd., Panasonic Corporation, PAX Technology, NEC Corporation, NCR Corporation, Ingenico Group, Fujian Newland and Cisco Systems, Inc.
Regional Segmentations:-
The APAC POS terminals market is predicted to witness substantial growth owing to the growing usage of smartphones and the considerable unbanked population in densely inhabited countries. Increasing number of healthcare facilities coupled with the developing payment landscape is anticipated drive the demand. In addition, China and India POS terminals market are anticipated to act as an impetus in generating a demand for the systems owing to a speedy increase in the number of businesses and SMEs.
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Major Points of Table Of Content:-
Chapter 1 Methodology & Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Definition and forecast parameters
1.2 Data Sources
1.2.1 Secondary
1.2.2 Primary
Chapter 2 Executive Summary
2.1 POS terminals industry 3600 synopsis, 2012 – 2024
2.1.1 Regional trends
2.1.2 Product trends
2.1.3 Component trends
2.1.4 Technology trends
2.1.5 Application trends
Chapter 3 POS Terminal Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013- 2024
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Technological & Innovation Landscape
3.4.1 Biometric POS
3.4.2 Countertop POS
3.4.3 Wireless POS terminals
3.4.3.1 Benefits of a wireless POS system
3.4.4 Connected VS standalone POS terminals
3.5 Industry impact forces
3.5.1 Growth drivers
3.5.1.1 Penetration of EMV cards in the U.S.
3.5.1.2 Stringent government regulations in Europe
3.5.1.3 Demonetization effect in India
3.5.1.4 Rising inclination towards online payments in China
3.5.1.5 Rising mobile POS terminal demand in Brazil
3.5.1.6 Flourishing retail industry vertical in the UAE
3.5.2 Industry pitfalls and challenges
3.5.2.1 Lack of reliable and advanced infrastructure
3.5.2.2 High security risks
3.6 Growth potential analysis
3.7 Porter’s analysis
3.8 Company market share analysis & forecast in restaurants, 2016 & 2024
3.8.1 U.S.
3.8.2 Mexico
3.8.3 Europe
3.8.4 Germany
3.8.5 UK
3.8.6 Asia Pacific
3.8.7 China
3.8.8 India
3.8.9 South America
3.8.10 Brazil
3.8.11 MEA
3.8.12 Strategy dashboard
3.9 PESTEL analysis
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A key challenge for the industry participants is the privacy and security concerns associated with data breaches. The non-compliance towards Payment Card Industry Data Security Standard (PCI-DSS) is increasing the prospect of card data breaches, which is resulting in the financial impacts. The migration of the global payments market towards more secure chip card technology is anticipated to subdue the impact of this challenge.
Rise in the reasonably priced wireless communications technologies is fueling the mobile POS terminals market demand. Presence of universal wireless connectivity such as Bluetooth, and the availability of mobile card readers, scanners, printers, and other devices has driven the industry growth. This growth has encouraged retail and hospitality industries to leverage new strategies and applications to offer a seamless customer experience.
The healthcare application is expected to witness high growth opportunities owing to the rising need to streamline payment practices which is determined to drive the POS terminals market demand. The systems are enabling the exchange of healthcare data which includes administrative, clinical and financial data, through a secure and safe infrastructure. With the rise in high deductible insurance plans, and the patients desire to negotiate healthcare costs in real-time it has led to an increased number of card based payments by patients thereby fueling the system installations at healthcare institutions and providing a growth impetus to the POS terminals market.
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