Press release
POS Terminals Market 2018-2024 By Top Players: Cisco, Epicor Software, Hewlett Packard Enterprise, Ingenico Group, MICROS Systems Inc, NCR Corporation, Panasonic, PAX Technology, Samsung Electronics, Toshiba, Verifone
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(Point of Sale) POS Terminals Market size is set to exceed USD 125 billion by 2024; according to a research report by Global Market Insights, Inc. The global shipments are set to witness a double-digit growth rate in the coming years. 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:
• Cisco
• Epicor Software
• Hewlett Packard Enterprise
• Ingenico Group
• MICROS Systems Inc
• NCR Corporation
• Panasonic
• PAX Technology
• Samsung Electronics
• Toshiba
• Verifone
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.
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.
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Rise in the reasonably priced wireless communications technologies is fueling the mobile point of sale 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 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.
Browse Full Report @ https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market
The key industry players include 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. 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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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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