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Retail POS Terminals Market Is Booming Worldwide | Epicor Software, Ingenico Group, MICROS Systems Inc, NCR Corporation, PAX Technology, Toshiba, Verifone

02-22-2019 05:24 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights, Inc.

/ PR Agency: Electronics and Media Industry
Retail POS Terminals Market

Retail POS Terminals Market

Global Retail POS Terminals Market is expected to exceed USD 40 billion by 2024. This growth is accredited to the escalating demand for cashless transactions to facilitate payments. Cashless economies are highly prominent in the Asia Pacific and the Europe region, predominantly due to the usage of alternative forms of money such as payment cards. The present-day movement towards cashless transactions is expected to eradicate the disadvantages and inconveniences of cash based dealings. Retail POS terminals offer high durability and reliability in comparison to their conventional counterparts such as cash registers, and hence witnessing large scale adoption in both small and medium sized stores which will augment the retail POS terminals market growth.

Request for Sample Copy of This Report @ https://www.gminsights.com/request-sample/detail/291

The security concerns associated with the data privacy will inhibit the retail POS terminals market growth over the forecast timeline. This is due to the concern regarding the cyber-attacks such as the DDoS. Moreover, the high cost associated with the implementation of these systems and the investments required for the widescale adoption poses a significant challenge for the retailers. Furthermore, the threats related to skimming and malware while making transactions will challenge the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cisco
2. Epicor Software
3. Hewlett Packard Enterprise
4. Ingenico Group
5. MICROS Systems Inc
6. NCR Corporation
7. Panasonic
8. PAX Technology
9. Samsung Electronics
10. Toshiba
11. Verifone

Growth Drivers in Retail POS Terminals Market: -
• Increase in cashless transactions in Asia Pacific and Europe
• Emerging demand for mobile POS terminals (mPOS) in Europe
• Increasing penetration across several retail channels in the U.S.
• Demand for cloud-based systems in North America
• Migration to EMV cards in the U.S and Asia Pacific
• Rising trend of self-checkout technology in North America and Europe
• Demonetization effect in India

The mPOS terminal segment is projected to grow significantly in the retail POS terminals market over the coming years owing to the ability of provide secure transactions in out-of-store environments. It is widely used in tradeshows, events and flea markets to enable the rapid movement of the customers through the checkout lines.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/retail-point-of-sale-pos-terminals-market

The software component is anticipated to witness growth opportunities in the retail POS terminals market due to the advantages offered by them in terms of monitoring the consumer behavior and their buying trends. These functionalities help the retailers in enhancing the customer experience and boost sales. In addition, integration of technologies such as IoT protect customers from fraudulent transactions.

The retail sector is getting more organized across the world, which will provide impetus for the hypermarkets and supermarkets segment growth over the next few years. This is due to the development of customized POS terminals by the vendors to offer real time dashboard options, user profiles for different users. Such functionalities enable the clients to streamline the workflow, thereby boosting sales and profits. This will provide growth opportunities to the retail POS terminals market.

The Asia Pacific region is expected to witness high growth in the retail POS terminals market owing to the evolution of retail sector in countries such as India and China. The demonetization effect in India has caused the customers towards cashless transactions and the convenience offered by it. The manufacturers in the region are actively focusing on launching devices QR Code enabled which will further escalate the demand.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/291

Key players participating in the retail POS terminals market comprise VeriFone Systems, Ingenico SA, NEC Corporation, NCR Corporation, and PAX Technology. The industry is characterized by the demand for technologically advance devices which offers functionalities such as recording information of repeat customers, payroll data and inventory management.

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.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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