Point of Sale Terminal Market to grow from a market value of USD 57.896 billion in 2017 to USD 109.461 billion by 2023| Major Vendors - Cisco Systems Inc., Toshiba Corporation, VeriFone System Inc., Samsung Electronics Inc., MICROS Systems Inc., Hewlett P

Market Analysis:

North America to Dominate the Market
The significant share of the region can be primarily attributed to the adoption of POS terminals across various industries, particularly retail, entertainment, and healthcare. There is a constant demand for POS terminals in countries where this demand is attributed to the significant growth of retail outlets, casinos, restaurants, and booming tourism.

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Point-of-sale systems are the final contact point of businesses that are employed to handle checkouts and payments. Modern POS systems integrate multiple systems into single terminal, to handle a range of operations, including billing, cash collection, card payments, printing, data analysis, etc. With an increasing concentration of businesses and growing customer frequency, businesses are looking for technologies that streamline processes and integrate into a single contact point. Innovations in technology have led to advancements in these systems, namely MPOS and automated POS systems, which completely automate the checkout processes. POS systems also help increase the operational efficiency of businesses, by offering almost 24% saving in operations and high returns on investments.

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Market Segments:
Point of Sale Terminal Market is segmented by:
1. Components: Hardware, Software, Services
2. Type: Fixed Point-of-sale Terminals, Mobile Point-of-sale Terminals
3. Application: Entertainment, Hospitality, Healthcare, Retail, Other Applications
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• Jul 2017: Samsung partnered with PayPal Holdings Inc., to provide payment access through PayPal for all Samsung Pay users in the United States.
• Jun 2017: Verifone and Sage collaborated to offer integrated point-of-sale (POS) and business accounting solutions on Verifone Carbon 8.
• May 2017: Verifone introduced Verifone Carbon 8, an affordable and portable POS solution which is the newest member of the Carbon family.

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