What's driving the POS Terminals Market trends? Key Players are Ingenico Group, Verifone Holdings Group, NCR Corporation, NEC Corporation, PAR Technology, PAX Technology, Micros Systems, Inc., and Panasonic Corporation

MarketStudyReport.com Adds New POS Terminals Market 2018 – 2024 research report providing information and data By Product, By Component, By Technology, By Operating System, By Application, Industry Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 410 Pages with table and figures in it.

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.

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Increasing government regulations and policies to provide a secured platform for the safety of transactions and customer details is driving the POS terminals market growth. Regulatory bodies instruct banks and platform providers to adopt several guidelines framed by the government to reduce the chances of fraud, data breach, and losses. For instance, the Payment Card Industry Data Security Standard (PCI DSS) is one such organization that was developed to increase the control over cardholders’ data for reducing credit card frauds. Such factors are encouraging developers in the POS terminals market to incorporate several advanced technologies that will ensure that the customer & organizational data is secured.

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 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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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.
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
Chapter 2. Executive Summary
Chapter 3. POS Terminals Industry Insights
Chapter 4. POS Terminals Market, By Product (Revenue & Volume)
Chapter 5. POS Terminals Market, By Component
Chapter 6. POS Terminals Market, By Technology (Revenue & Volume)
Chapter 7. POS Terminals Market, By Operating System (Revenue & Volume)
Chapter 8. POS Terminals Market, By Application (Revenue & Volume)
Chapter 9. POS Terminals Market, By Region (Revenue & Volume)
Chapter 10. Company Profiles

Related Report:

POS Terminals Market Size By Product (Fixed POS Terminals, Mobile POS Terminals) By Component (Hardware, Software, Services) By Application (FSR [Fine dine, Casual Dine/Fast Casual], QSR, Bars & Pubs, Cafes & Bistros), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, India, Japan, South Korea, Brazil), Growth Potential, Competitive Market Share & Forecast, 2018 - 2024

POS Terminals Market is expected to exceed USD 25 billion by 2024. Manufacturers in the industry are engaged in offering application-based solutions consisting of several features that support restaurant operations. For instance, Lavu, Inc. is offering application-based POS solutions for bars, ice cream shops, food trucks, and pizza outlets, among others. These tools allow the staff to manage sales, inventory, and customer orders through a single solution. It helps companies to enhance their sales & productivity by reducing business expenses involved in incorporating multiple solutions for performing these operations. Such factors are predicted to accelerate POS Terminals market growth.

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