New Trends and Advancements in the POS Terminals Market | Bitel Limited, Fujian Newland Computer Co., Ltd, Ingenico Group, MICROS Systems Inc, NCR Corporation, NEC Corporation, Squirrel Systems, Toshiba, Verifone, Wincor Nixdorf, Touch Dynamic, Squirrel S
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A rapid increase in the application areas of the point-of-sale systems for inventory management, payments, printing bills, and managing customers will accelerate POS terminals market growth. Moreover, the growing demand for effective warehouse management solutions to keep track of productivity and profitability in business operations is encouraging several end-use verticals to install such systems. The manufacturers are developing inventory management solutions that perform several functions such as instant automated stock control, intelligent ordering, multichannel management, and flexible customer service.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Bitel Limited
• Fujian Newland Computer Co., Ltd
• Ingenico Group
• MICROS Systems Inc
• NCR Corporation
• NEC Corporation
• Squirrel Systems
• Wincor Nixdorf
• Touch Dynamic
• Squirrel Systems
• Castles Technology Co., Ltd.
Point of Sale Terminals Market, By Product
o Fixed POS terminals
o Mobile POS terminals
Point of Sale Terminals Market, By Component
Point of Sale Terminals Market, By Technology
Point of Sale Terminals Market, By Operating System
Point of Sale Terminals Market, By Application
Companies operating in the point of sale terminals market are engaged in developing innovative software solutions that can be incorporated into these systems to support several business tasks such as order management, sales tracking, managing staff accounts, and accounting & bookkeeping, among others. The software installed in these systems helps to control and operate hardware devices and other peripherals. Several major players are offering such advanced solutions to their customers for improving their business operations and enhancing their sales & productivity.
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The restaurant point of sale terminals market is projected to witness a high adoption of these systems and is anticipated to expand at a CAGR of around 16% over the forecast timespan. Several restaurant owners in the U.S. have started using systems such as tablets and digital kiosks to display menu, place orders, and for receiving payments, helping them to increase the operational efficiency and enhance the customer experience. Moreover, companies including Square, Inc. and Sr. Pago have developed systems that convert smartphone or tablet to a mPOS terminal and accept card payments.
The (POS) point of sale terminals market is predicted to experience a high demand for the Mac OS over the coming years due to the increased data security and ease in use. The OS provides users a secure platform, which will protect the sales and customer data from virus attacks and data breaches. Moreover, several users are preferring Mac OS over Linux OS owing to its high compatibility with the hardware devices in the system. It also relieves the users from managing the updates of the drivers as compared to the Windows and Linux platforms that need periodical updates of system drivers.
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Key players in the point of sale terminals market are Diebold Nixdorf, Toshiba Corporation, NEC Corporation, Panasonic Corporation, VeriFone Systems, Inc., NCR Corporation, Micros Systems, Inc., Ingenico Group, BITEL Co., PAR Technology Corporation, PAX Technology, Inc., and POSIFLEX Technology, among others. These players are competing in the market by expanding their business operations globally and developing innovative solutions that are incorporated with advanced technologies such as EMV and NFC.
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