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Point of Sale(POS) System Market Growth Analysis By Top Key Player - Ingenico, Verifone, PAX, Newland Payment, LIANDI, Xin Guo Du, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT & More

01-29-2019 07:32 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

Point of Sale(POS) System Market Growth Analysis By Top Key

MarketStudyReport.com present the report on global Point of Sale(POS) System Market Report that evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2018-2023.

The global Point of Sale(POS) System market is valued at 6410 million USD in 2017 and is expected to reach 15300 million USD by the end of 2023, growing at a CAGR of 15.7% between 2017 and 2023.

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The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.

The POS System industry is relatively concentrated, the top 12 manufactures accounting 84.47% global market share in 2017. The global market scale of POS System is about 62 million units in 2017. It is expected to reach 179 million units by 2023, with the CAGR of 19%. In the world wide, major manufactures mainly are Ingenico, Verifone, PAX, Newland Payment, LIANDI, Xin Guo Du, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT and etc.

Asia-Pacific is the largest consumer of POS System and is expected to retain the higher growth rate during the next five years due to strong growth in electronic payment industry. China has witnessed a major chunk of the production and consumption of POS System in the Asia Pacific region. In 2017. China produced about 28.5 million POS Systems, accounting 45.8% of global market share.

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North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Point of Sale(POS) System.

Market Segment by Manufacturers, this report covers:
• Ingenico
• Verifone
• Newland Payment
• PAX
• LIANDI
• Xin Guo Du
• Centerm
• Bitel
• New POS Tech
• Castles Tech
• SZZT
• CyberNet

Market Segment by Type, covers:
• Fixed POS System
• Wireless POS System
• Mobile POS System

Market Segment by Applications, can be divided into:
• Retail
• Restaurant
• Hospitality
• Other Industry

More Details on this Report At: https://www.marketstudyreport.com/reports/global-point-of-sale-pos-system-market-2018-by-manufacturers-countries-type-and-application-forecast-to-2023

Related Report:

United States Point of Sale System Market Report 2018

In this report, the United States Point Of Sale System market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. United States Point Of Sale System market competition by top manufacturers/players, with Point Of Sale System sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including
• Epson
• HP
• Intuit
• Samsung
• Honeywell
• PayPal
• Aldelo
• Alexandria Computers
• BankServ
• Bixolon
• Clover
• Dascom

https://www.marketstudyreport.com/reports/united-states-point-of-sale-system-market-report-2018

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