How will Technological Advancements Boost POS Terminals Market Outlook? | Key Companies are Diebold Nixdorf, Ingenico Group, MICROS Systems Inc, NCR Corporation, ParTech, Inc., PAX Technology, Square, Squirrel Systems, Verifone

Global POS terminals market is slated to register substantial growth over the years ahead, owing to the increasing deployment of inventory management solutions and various software-assisted payment platforms. Shifting focus of technology companies toward development of mobile payment applications will turn out to one of the major factors fueling the product demand.

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How is the development of innovative software solutions propelling global POS terminals market share?

Currently, many end-use companies have installed software solutions to perform daily business tasks comprising sales tracking, accounting, order management, and inventory checking, keeping in mind the advantages of integrating user-friendly and advanced features in their POS systems. The growing demand for next-generation software solutions for enhancing business operations and productivity will thus improve POS terminals market size.

The major players operating in the market-

• Cisco
• Diebold Nixdorf
• Ingenico Group
• MICROS Systems Inc
• NCR Corporation
• Panasonic
• ParTech, Inc.
• PAX Technology
• Samsung Electronics
• Square
• Squirrel Systems
• Hewlett Packard Enterprise
• Verifone

How will the product demand from hospitality industry strengthen point of sale terminals market landscape?

In order to enhance customer experience and improve operational efficiency, many restaurants have deployed POS terminals. It is notably used to place menu, display orders, and receive payments. The launch of digitalized and smartphone assisted facilities have promoted restaurant owners across U.S. to adopt POS terminals for restaurant applications. According to report compiled by Global Market Insights, Inc., point of sale terminals market size from restaurant applications is estimated to register a CAGR of 16% over 2018-2024.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

How will regulatory policies in Europe influence the regional POS terminals industry trends?

The regulatory bodies across Europe have been mandating technology companies to incorporate various advanced features into their products to maintain security of customer details and transactions. Increasing awareness among the governments about data breaches and fraud have prompted them to frame strict data security standards. In order to adhere to regulatory policies, technology companies have been focusing more on product advancements, which will further drive Europe POS terminals market share.

Driven by increasing adoption of smart technologies and emergence of advanced software solutions, POS terminals industry will observe lucrative revenue returns over the coming years. As per estimates, global POS terminals market is predicted to generate revenue of more than USD 125 billion by the end of 2024.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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