POS Terminals Market to Have A Promising Future Ahead! | Hewlett-Packard Company, Touch Dynamic, Squirrel Systems, Samsung Electronics, POSIFLEX, PAR Technology Corporation, Panasonic Corporation, Castles Technology Co., Ltd., Cisco
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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.
The key players covered in this study
1. Bitel Limited
2. Fujian Newland Computer Co., Ltd
3. Ingenico Group
4. MICROS Systems Inc
5. NCR Corporation
6. NEC Corporation
7. PAX Technology
8. Shenzhen Xinguodu Technology Co., Ltd
9. Squirrel Systems
11. Wincor Nixdorf
12. Hewlett-Packard Company
13. Touch Dynamic
14. Squirrel Systems
15. Samsung Electronics
17. PAR Technology Corporation
18. Panasonic Corporation
19. Castles Technology Co., Ltd.
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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.
Europe is likely to emerge as one of the most popular regional markets for the POS terminals industry, owing to the massive adoption of government regulations mandated to support advanced technologies that serve to improve transaction and customer security. Say for example, lately, security guidelines have been developed to encourage the adoption of EMV-enabled transaction processing across industries.
POS terminals industry is an evolving business sector with big players investing heavily in R&D activities to develop new technologies and products for gaining competitive edge. It is more likely that rapid expansion of POS terminals market will encourage new service providers and manufacturers to enter the business further encouraging the existence of fierce competition in the industry. VeriFone Systems Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba Corporation are some of the major brands of POS terminals industry.
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