Point of Sale (POS) System Market Foreseen to Draw a Promising Growth of $13.3 Billion by 2025 | Leading Players - Verifone, Ingenico, Newland Payment, Centerm, Bitel, Castles Tech

Global Point of Sale (POS) System Market Synopsis:

The report covers a forecast and an analysis of the Point of Sale (POS) System Market on a global and regional level. The study provides historical data for 2015, 2016, 2017 and 2018 along with a forecast from 2020 to 2025 based on revenue (USD Million) and volume (Kilotons). The study includes drivers and restraints of the Point of Sale (POS) System Market along with the impact they have on the demand over the forecast period.

The Global Point of Sale (POS) System Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Point of Sale (POS) System market size to maintain the average annual growth rate of 15 from USD XXX million in 2015 to USD 6420.0 Million in 2019, market analysts believe that in the next few years, Point of Sale (POS) System market size will be further expanded, we expect that by 2025, The market size of the Point of Sale (POS) System will reach USD 13300.0 Million.

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Major key factors driving the growth of the Global Point of Sale (POS) System Market are rapid growth in demand for contactless and cashless payments, unification of in-store and online sale, employee and customer management, and the need to keep track of inventory has boosted the adoption of integrated Point of Sale (POS) terminals. In addition, retail, healthcare, hospitality, and other sectors have witnessed a digital transformation owing to technological advancements that has compelled the users to adopt point-of-sale system. The digital transformation and Point of Sale (POS) demand are also supported by the increasing use of smartphone as the portable Point of Sale (POS) System.

This report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the Global Point of Sale (POS) System Market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

Global Key Players:

1 Ingenico

2 Verifone

3 Newland Payment

4 PAX

5 LIANDI

6 Xin Guo Du

7 Centerm

8 Bitel

9 New POS Tech

10 Castles Tech

11 SZZT

12 CyberNet and More...................

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Product Type Segmentation

1 Fixed POS System

2 Wireless POS System

3 Mobile POS System

Industry Segmentation

1 Retail

2 Restaurant

3 Hospitality

4 Other Industry

On the basis of Regional analysis, North America and Europe holds major share in global Point of Sale (POS) System market. Moreover, Asia-Pacific is expected to record higher growth rate in Point of Sale (POS) System Market during the forecast year.

Top Industry News:

Verifone - Enrollment in e-receipts improves customer experience, cuts waste and reduces merchant costs - Verifone is excited to introduce EZ-Receipt, a software cloud-based technology that seamlessly generates an electronic receipt at the pump, creating a fast and simple pay-and-go payment experience. Additionally, EZ-Receipt reduces merchant operating costs and paper waste, as well as inconvenience associated with maintaining trouble-prone gas pump printers.

"Because of our dominant market share, EZ-Receipt is an example of the frictionless commerce Verifone enables for consumers and merchants alike," said Dan Yienger, Senior Vice President, Verifone Petroleum. "Our scale across all retail markets and expertise helps merchants transform payments with the latest EMV and security-compliant payment solutions."

How it works

For merchants equipped with Verifone's Commander Site Controller, customers simply enroll in EZ-Receipt at the gas pump or on the in-store PIN pad. After entering a 10-digit mobile phone number, the customer receives a text message confirming program enrollment. At the next pay at the pump or in-store purchase visit, a customer uses the same payment card on the PIN pad or pump dispenser card reader and automatically receives a digital receipt via text or email.

"Verifone is committed to simplifying payment and improving convenience at the pump and in-store," said Verifone. "With EZ-Receipts, customers no longer have to wait for a printed receipt making the transaction faster, while at the same time reducing operation costs and paper waste for merchants."

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Major Points in Table of Contents:

Global Point of Sale (POS) System Market Report 2020

1 Point of Sale (POS) System Product Definition

2 Global Point of Sale (POS) System Market Manufacturer Share and Market Overview

2.1 Global Manufacturer Point of Sale (POS) System Shipments

2.2 Global Manufacturer Point of Sale (POS) System Business Revenue

2.3 Global Point of Sale (POS) System Market Overview

3 Manufacturer Point of Sale (POS) System Business Introduction

3.1 Ingenico Point of Sale (POS) System Business Introduction

3.2 Verifone Point of Sale (POS) System Business Introduction

3.3 Newland Payment Point of Sale (POS) System Business Introduction

3.4 PAX Point of Sale (POS) System Business Introduction

3.5 LIANDI Point of Sale (POS) System Business Introduction

3.6 Xin Guo Du Point of Sale (POS) System Business Introduction

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