Press release
POS Terminal Systems Market Make Great Impact in near Future by 2018-2027
Additionally, trends such as expansion in EMV and NFC technologies, mPOS (mobile point-of-sale), implementation of contactless POS, technological trends, for example, tablet POS systems and motions sensing images and expansion in the retail infrastructure have offered numerous opportunities in the POS machine market.
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The global market for POS machine is anticipated to expand at an XX.X% CAGR all through the predicted period to account for a market valuation of approximately US$ XXX.X Billion by 2027up from a valuation of near about US$ XX.X Billion during 2017.
Market Segmentation
• On the basis of the terminal type, the global market is categorised as POS GSM/GPRS terminal, pocket POS terminal, mobile POS terminal and fixed POS terminal. The mobile POS terminal is estimated to account for a market value of around US$ XX.X Billion during 2027 increasing at a healthy growth pace over 2027. The pocket POS terminal is estimated to increase at the maximum growth rate all through the predicted period, to record a XX.X%CAGR.
• On the basis of the industry type, the global market is segmented as BFSI, healthcare, media & entertainment, manufacturing, travel & hospitality and retail & consumer goods and others. The manufacturing industry is set to record the maximum growth pace while the retail and consumer goods industry will be dominating the overall market to register a value of approximately US$ XX.X Billion during 2027
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• The global market studied on the basis of the region is segmented as Middle East & Africa, Asia Pacific, Europe, Latin America and North America. North America region will be dominating the overall market in revenue terms by 2027 to expand at a high XX.X% CAGR all through the predicted period, followed by Asia Pacific. The region exhibits an exponential expansion pace to record the maximum XX.X% CAGR during the predicted period to reach a value of around US$ XX.XBillion by 2027.
Key Market Players
Some of the major companies functional in the global market for POS machines include
• Ingenico Group
• Verifone
• New POS Technology Limited
• Shenzhen Xinguodu Technology Co. Ltd.
• PAX Technology Limited
• BBPOS Limited,
• SZZT Electronics Co. Ltd.
• Fujian Newland Payment Technology CO. Limited
• Fujian Centerm Information Co. Limited
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