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International POS Terminals Market Economic Conditions & Holistic View Of Market

04-16-2019 11:51 AM CET | IT, New Media & Software

Press release from: Prudour Pvt. Ltd.

POS Terminals Market

POS Terminals Market

Global POS terminals market was valued at around US$ 0.6 Bn in 2016, and is expected to register a CAGR of 9.1%.The global POS terminals market is segmented on the basis of type, application, and region/country.

Point of sale or POS terminal is a hardware system used for processing card payments and retail and other locations.Major factor driving growth of the global POS terminal market is increasing use of EuroPay, MasterCard, and Visa (EMV) cards among consumers as a cashless and e-commerce transaction option in both developed and developing countries across the globe.

The fixed POS Terminals segment is expected to witness highest CAGR over 8.8%, owing to increasing awareness regarding benefits of using POS terminals for transactions in hotels, banks, retail shops, supermarkets/hypermarkets, medical shops, malls, hospitals, etc.

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On the basis of application segmentation, financial institutions segment is estimated to contribute major revenue share and expected to maintain its dominance over the forecast period. The financial institutions segment witness highest CAGR over 9.2%, owing to POS Terminals are not only used by merchants but also by banks.

The market in China accounted for revenue share in the global POS terminals market in 2016, registering a CAGR of 9.5% over the forecast period (2017–2026).

According to, China Internet Network Information Center (CNNIC), a government agency, reports that China currently has 502 million unique mobile payment users.

The market in Europe accounted for moderate revenue share in the global POS terminals market in 2016, registering a CAGR of 9.0% over the forecast period (2017–2026). This can be attributed to growing adoption of cashless transaction policies by governments of various countries in Europe resulting into increasing use of EMV cards among individual as a safe mode for transactions.

MarketResearch.biz is a specialized market research, analytics, and solutions company, offering strategic and tactical support to clients for making well-informed business decisions. We are a team of dedicated and impassioned individuals, who believe strongly in giving our very best to what we do and we never back down from any challenge. MarketResearch.biz offers services such as data mining, information management, and revenue enhancement solutions and suggestions.

Lawrence John
Prudour Pvt. Ltd.
420 Lexington Avenue, Suite 300
New York City, NY 10170,
United States
Email ID: inquiry@marketresearch.biz
Tel: +1-347-826-1876
Website: https://marketresearch.biz

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