Press release
POS Terminals Market 2019 In-Depth Analysis of Industry Share, Size, Growth, and Key Players Analysis like Ingenico Group, Verifone Holdings Group, NCR Corporation, NEC Corporation, PAR Technology, PAX Technology, Micros Systems
The increasing adoption of mobile terminals for improving the flexibility and efficiency of payment techniques is a major factor accelerating the POS terminals market growth. The devices offer mobile connectivity and allow store owners to carry such devices closer to the customer locations. Moreover, the rising adoption of the cashless payment techniques among consumers provides a great opportunity for industries to allow their customers to select this flexible mode of payment, thereby improving their satisfaction levels. Extensive adoption of such devices in several application areas including restaurants, hotels, resorts, and food delivery & retail outlets are providing an impetus to the POS terminals market growth.
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POS Terminals Market is expected to exceed USD 125 billion by 2024. Rising technological advancements & innovations in these systems are offering unique solutions to industries for simplifying their business operations. Some of the major technologies that are accelerating the adoption of these systems in the POS terminals market include NFC, EMV, wireless, and contactless terminals. Moreover, the proliferation of the NFC devices is encouraging major players to reinvent and innovate their offerings. The adoption of these NFC-enabled devices in countries such as the U.S., Canada, Germany, and France are growing rapidly. In 2017, it was estimated that the share of NFC devices in North America accounted for about 90% of the overall devices.
The retail sector is the most flourishing industry in the POS terminals market, which is experiencing a high adoption rate of devices. Several retail companies such as Walmart, Costco, Kroger, and Tesco are engaged in incorporating smart solutions in their outlets to attract customers and improve their shopping experiences. Moreover, the retail companies are modifying their traditional technologies and transforming their stores through automation, which is expected to propel the POS terminals market growth. The incorporation of the POS systems in several advanced machines such as self-checkout systems and smart-vending machines is the major factor driving the automated retail store concept.
Biometrics is an advanced technology in the POS terminals market, which is projected to witness high adoption over the coming years. A rise in cybercrimes and concern for data theft will encourage industries to adopt biometric terminals for business operations. The U.S. reported that data breaches and cybercrimes in the country are growing rapidly year-by-year. Such factors are encouraging U.S. POS terminals market developers to integrate such modern technologies in their offerings to improve the safety of organizational data. Fingerprint scanning devices are the most widely accepted technology in the POS terminals market owing to ease in the authentication of customer details.
Windows-based devices are witnessing a high adoption in the POS terminals market due to the high compatibility and efficiency of this software platform for operating & managing hardware devices. Moreover, increased user-friendly features are allowing industries to install several applications & devices in their systems, which is a major factor for the high adoption rate of such operating systems. It allows companies to customize their systems based on business operations. Most manufacturers in the POS terminals market are offering Windows devices to provide user-friendly solutions to industries.
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Key players operating in the POS terminals market include Ingenico Group, Verifone Holdings Group, NCR Corporation, NEC Corporation, PAR Technology, PAX Technology, Micros Systems, Inc., and Panasonic Corporation, among others. These players are competing based on innovative product offerings, which are developed based on specific industrial requirement. For instance, Shopify is offering a retail POS software that handles various industrial operations such as ordering, sales, employee engagement, billing, and offers, coupons, & discounts.
Table of Content:
Chapter 1. Methodology and Scope
1.1. Definitions & forecast parameters
1.1.1. Definitions
1.1.2. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Secondary
1.2.2. Primary
Chapter 2. Executive Summary
2.1. POS terminals industry 360° synopsis, 2013 – 2024
2.1.1. Business trends
2.1.2. Regional trends
2.1.3. Product trends
2.1.4. Component trends
2.1.5. Technology trends
2.1.6. Operating System (OS) trends
2.1.7. Application trends
Chapter 3. POS Terminals Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 – 2024
3.2.1. Payment industry landscape
3.3. Industry ecosystem analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1. EMV mandate
3.5.2. PCI DSS
3.5.3. Electronic Fund Transfer Act (EFTA)
3.5.4. European Payment Council (EPC)
3.5.5. Others
3.6. Industry impact forces
3.7. Growth potential analysis
3.8. Porter's analysis
Chapter 4. POS Terminals Market, By Product (Revenue & Volume)
4.1. Key trends by product
4.2. Fixed POS terminals
4.2.1. Market estimates and forecast, 2013 – 2024
4.3. Mobile POS terminals
4.3.1. Market estimates and forecast, 2013 – 2024
Chapter 5. POS Terminals Market, By Component
5.1. Key trends by component
5.2. Hardware
5.2.1. Market estimates and forecast, 2013 – 2024
5.3. Software
5.3.1. Market estimates and forecast, 2013 – 2024
5.4. Service
5.4.1. Market estimates and forecast, 2013 – 2024
Chapter 6. POS Terminals Market, By Technology (Revenue & Volume)
6.1. Key trends by technology
6.2. Biometric
6.2.1. Market estimates and forecast, 2013 – 2024
6.3. Traditional
6.3.1. Market estimates and forecast, 2013 – 2024
Chapter 7. POS Terminals Market, By Operating System (Revenue & Volume)
7.1. Key trends by operating system (OS)
7.2. Windows
7.2.1. Market estimates and forecast, 2013 – 2024
7.3. Linux
7.3.1. Market estimates and forecast, 2013 – 2024
7.4. MAC
7.4.1. Market estimates and forecast, 2013 – 2024
Chapter 8. POS Terminals Market, By Application (Revenue & Volume)
8.1. Key trends by application
8.2. Restaurants
8.2.1. Market estimates and forecast, 2013 – 2024
8.3. Hospitality
8.3.1. Market estimates and forecast, 2013 – 2024
8.4. Healthcare
8.4.1. Market estimates and forecast, 2013 – 2024
8.5. Retail
8.5.1. Market estimates and forecast, 2013 – 2024
8.6. Warehouse/Distribution
8.6.1. Market estimates and forecast, 2013 – 2024
8.7. Entertainment
8.7.1. Market estimates and forecast, 2013 – 2024
8.8. Others
8.8.1. Market estimates and forecast, 2013 – 2024
Chapter 9. POS Terminals Market, By Region (Revenue & Volume)
Chapter 10 Company Profiles
More Details on this Report: https://www.marketstudyreport.com/reports/-point-of-sale-pos-terminals-market
Related Reports: -
Global Wireless POS Terminal Devices Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024
POS Terminals is a computerized replacement for a cash register. The POS system can include the ability to record and track customer orders, process credit and debit cards, connect to other systems in a network, and manage inventory. Generally, a POS terminal has as its core a personal computer, which is provided with application-specific programs and I/O devices for the particular environment in which it will serve. A POS system for a restaurant, for example, is likely to have all menu items stored in a database that can be queried for information in a number of ways. POS terminals are used in most industries that have a point of sale such as a service desk, including Entertainment, Healthcare, Hospitality, and Retail.
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