(Point of Sale) POS Terminals Market size is set to exceed USD 125 billion by 2024, Top Key Players are Cegid, CitiXsys - iVend Retail, Epicor Software, Ingenico Group, JDA Software, NCR Corporation, NEC Corporation, Panasonic, Retail Pro International, T

The APAC (Point of Sale) 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 (point of sale) 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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The point of sale 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.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Bitel Co.
2. Castles Technology
3. Cegid Group
4. CitiXsys, Inc.
5. Cybernet
6. Fujian Newland
7. Epicor Software Corporation
8. GK Software
9. Ingenico Group
10. Island Pacific
11. JDA Software Group, Inc.
12. LS Retail
13. Mi9 Retail
14. Micros Systems, Inc.
15. NCR Corporation
16. NEC Corporation
17. Panasonic Corporation
18. PAX Technology
19. POS Direct Ltd.
20. Retail Pro International, LLC
21. Shenzhen Xinguodu
22. Squirrel Systems
23. Toshiba Corporation
24. VeriFone Systems Inc.
25. Wincor Nixdorf International GmbH (now Diebold Nixdorf)

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Point of Sale Terminals Market, By Application

• Entertainment
• Healthcare
• Hospitality
• Retail
• Warehouse
• Others

Point of Sale Terminals Market, By Product

• Mobile
• Fixed

Owing to the surge in the popularity of e-commerce in the recent years, an increase in the number of online shoppers has been witnessed. The increasing demands from customers, and the changing customer needs has compelled several vendors to focus on implementing online sales segment for their businesses. The vendors are concentrating on replacing their physical stores with e-commerce channels, which has led to a speedy growth of e-commerce transactions. Moreover, the developments in design & engineering and the low pricing of the terminals has made them affordable for most of the vendors.

The rising penetration of the Internet and payment solutions, such as online payments, stationary phone and mobile payments, has given an impetus to the point of sale 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 point of sale (POS) terminals market momentum in the next seven years.

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 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 point of sale terminals market.

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The key industry players include Bitel Limited, Castles Technology Co., Ltd., Cegid, CitiXsys - iVend Retail, CYBERNET, Fujian Newland Computer Co., Ltd, Epicor Software, GK Software SE, Ingenico Group, Island Pacific, JDA Software, LS Retail - POS and business management software solutions, Mi9 Retail, MICROS Systems Inc, NCR Corporation, NEC Corporation, Panasonic, PAX Technology, P.O.S. Direct, Retail Pro International, LLC, Shenzhen Xinguodu Technology Co., Ltd, Squirrel Systems, Toshiba, Verifone, Wincor Nixdorf. The industry is growing steadily with extensive demands, industry players are investing in R&D to gain a competitive advantage, which is anticipated to result in mergers and acquisitions. In the industry, the number of solution providers and manufacturers are likely to increase, thereby escalating industry competition in the coming years.

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