Retail (Point of Sale) POS Terminals Market Analysis focusing on Key Players Cisco, Epicor Software, Hewlett Packard Enterprise, Ingenico Group, NCR Corporation, Panasonic, Samsung Electronics, Toshiba, Verifone

Regional Analysis: -

The demand for retail POS terminals market in the Asia Pacific region is anticipated to be very high during the forecast timespan. Government initiatives such as the demonetization strategy in India is anticipated to drive the regional share. During the transition to new currencies, there was a massive shortage in physical money causing the general population to shift towards the digital platform. Additionally, the retail sector in the region is currently booming.

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The U.S. retail POS terminals market contributed largely to the global revenue in 2016. Cloud based POS systems are predicted to experience high demand owing to the accuracy, reduced manpower, in depth insights, and inventory management that it provides. Furthermore, this technology can be easily updated and is predicted to gradually replace conventional legacy systems. Brand loyalty amongst business owners has caused vendors such as Apple and Square to retain customers and expand their business.

Market Overview: -

The rising demand for cloud-based POS systems is anticipated to drive the retail POS terminals market during the forecast timespan owing to the cost effectiveness and the reduced need for frequent upgrades. Additionally, advanced SaaS systems integrates customer resource management (CRM) solutions to combine historical customer data to influence online ordering, loyalty programs, and targeted marketing.

The retail sector, primarily in the South-East Asian and North American countries, is anticipated to experience high growth. The retail sales in North America in 2016 were valued at more than USD 5 billion. The increasing disposable income, increasing online retailers, and growing penetration of smartphones is driving the retail sector in North America. Retailers in these regions are retaining customers by customizing offerings, providing variable payment methods, and mapping consumer patterns. Furthermore, continued increase in performance of companies acting in auto retail, home improvement, dollar store, & drug store and specialty retail, supermarkets, & department stores sectors are expected to present several growth opportunities for the retail POS terminals market.

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Key Players: -

Cisco, Epicor Software, Hewlett Packard Enterprise, Ingenico Group, MICROS Systems Inc, NCR Corporation, Panasonic, PAX Technology, Samsung Electronics, Toshiba, Verifone

Market Segmentation: -

Supermarkets and hypermarkets will gain retail POS terminals market demand due to the high user traffic in these locations and long waiting times that can hamper the user experience. Furthermore, rapid industrialization has led to the large-scale construction of supermarkets and hypermarkets causing a high demand for fixed and mobile systems. To ensure that the client experience remains smooth, supermarket owners are increasing their number of check-out counters and integrating faster swiping and tagging equipment.

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The fixed segment of the retail POS terminals market is anticipated to dominate in terms of revenue during the forecast timespan. The technology provided by retail POS vendors is anticipated to evolve to cater to the needs of the customers. POS systems can be configured with options such as biometric reader, touchscreen display, magnetic stripe reader and biometric reader. Substantial adoption of mPOS systems in large retail chains is expected over the forecast timespan.

Browse Related Report: -
“(mPOS) Mobile POS Terminals Market Size, Application Potential, Competitive Market Share & Forecast, 2018 – 2024”
Link: - https://www.gminsights.com/industry-analysis/mobile-point-of-sale-mpos-terminals-market

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