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Global Point-of-Sale (POS) Terminals Market anticipated to grow with a healthy growth rate of more than 11.20% over the forecast

04-03-2019 08:41 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Big Market Research

Point-of-Sale

Point-of-Sale

Global Point-of-Sale (POS) Terminals Market valued approximately USD 54.7 billion in 2016 is anticipated to grow with a healthy growth rate of more than 11.20% over the forecast. The global point-of-sale (POS) terminal market features a fairly fragmented landscape with an elevated level of competition among players of all types, notes Transparency Market Research (TMR). Over the years, the competition is likely to intensify accentuated by the entry of software vendors and aspiring players.

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Top Key Players : Hewlett-Packard Inc., Ingenico Group., Micros Systems, Inc, NEC Corporation, Panasonic Corporation, PAX Technology Inc., Samsung Electronics Co., Ltd., Toshiba Corporation, VeriFone Systems Inc.& Cisco Systems Inc.

They are focusing on launching advanced technologies that increase the functionalities of the POS terminals, to gain a competitive edge over others in the coming years.

The major product types are fixed type and wireless and mobile type POS terminals. point-of-sale (POS) industry has witnessed a significant turnaround, owing to substantial and rapid technological developments in POS terminal solutions. Growing demand for contactless payments, along with proliferation of Near Field Communication (NFC) devices in the industrial ecosystem, has led to a surge in adoption of integrated POS terminals. Increased investments in technologies such as end-to-end encryption for providing secured payment solutions and convenience to customers are expected to augment the demand for POS terminals in the market. Companies are focusing more on software owing to increased penetration of smart phones.

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The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product: Fixed , Mobile

By Component: Hardware, Software, Services

By Deployment: Cloud ,On Premises

By Services: Managed, Repair & Maintenance, Professional

By Services: Restaurant, Hospitality, Healthcare, Retail, Warehouse, Entertainment

Furthermore, years considered for the study are as follows:
• Historical year 2015
• Base year 2016
• Forecast period 2017 to 2025

Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Target Audience of the Global Point-of-Sale (POS) Terminals MarketIn
Market Study:

• Key Consulting Companies & Advisors
• Large, medium-sized, and small enterprises
• Venture capitalists
• Value-Added Resellers (VARs)
• Third-party knowledge providers
• Investment bankers
• Investors

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