Europe POS Terminals Market to Gain Extensive Momentum Over 2018 to 2024 | MICROS Systems Inc, NCR Corporation, NEC Corporation, Squirrel Systems, Toshiba, Verifone, Wincor Nixdorf, Touch Dynamic, Castles Technology

Europe is likely to emerge as one of the most popular regional markets for the POS terminals market, 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.

The birth of e-commerce has brought about a dynamic change in payment modes over time. POS terminals market, influenced by this very revolution, has been gaining mass popularity since the last few years, given the widespread adoption of cashless facilities. The growing popularity of NFC and card payments among the consumers will also serve to enhance (point-of-sale) POS terminals industry share. Nowadays, to reduce the hassle of carrying cash, people have been shifting their focus toward the adoption of POS terminals, which has led to the massive expansion of (point of sale) POS terminals market.

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The major manufacturers covered in this report: -
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
10. Verifone
11. Wincor Nixdorf
12. Hewlett-Packard Company
13. Touch Dynamic
14. Squirrel Systems
15. Samsung Electronics
16. POSIFLEX
17. PAR Technology Corporation
18. Panasonic Corporation
19. Castles Technology Co., Ltd.
20. Cisco
21. Castles Technology Co., Ltd.
22. Cisco

Point of Sale Terminals Market, By Product
o Fixed POS terminals
o Mobile POS terminals

Point of Sale Terminals Market, By Component
o Hardware
o Software
o Service

Point of Sale Terminals Market, By Technology
o Biometric
o Traditional

Point of Sale Terminals Market, By Operating System
o Windows
o Linux
o Mac

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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.

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.

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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