Point-of-Sale (POS) Terminal Market 2020-2025 Key Companies | Ingenico Group, VeriFone Systems Inc., PAX Technology, Shenzhen Zhengtong Electronics Co Ltd, Fujian Newland Computer Co, Nexgo Inc., Cybernet Manufacturing, Inc., New POS Technology Limited, P

The global POS market size is anticipated to reach at USD 119 billion by 2025. Increasing business intelligence, internet of things, and innovative way of payment methods are the key drivers, which eventually contribute to the growth of point of sale terminal market.The point of sale is undergoing radical transformation as people are moving toward e-wallets and prefer payment through card instead of cash payment. Cash will be replaced by debit cards, and credit cards as the leading point of sale method by the next few years.

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Business intelligence and its increasing importance alongwith IOT applications is expected to help grow the Global POS market and it is expected to reach above USD 119 billion by 2025. The payment methods are changed and innovative ways are introduced for payments in recent times. It all started with a few payment options and is still expanding to many options driving the global POS terminal market.

Speed is an important attribute of POS terminals. Software and Hardware work in sync to achieve faster operations which are critical for daily business processing. Near Field Communication (NFC), EMV cards, and swipe cards are accepted in this market as payment options. E-wallets are expecte to be at the centre of these radical transformations in the global POS terminals market. Customer preferences are changing and customers now prefer on paying through cards, e-wallets than carrying cash. It also helps them to get convenience of not carrying the cash. Software and hardware are combined in the new technology and new products. It provides a better synchronization between POS terminals, customer devices, and banks.

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North America being a developed economy nurtures point of sale market. Other factors contributing to North America market are advance technology development and rising demand for new methods of point of sale by consumers. In Asia-Pacific region demand for point of sale is increasing because of high population of China and India specially. Other factors such as cashless transaction from youth is also boosting the point of sale terminal market. In 2018 Asia-Pacific was the leading market for point of sale terminal.

The competitive landscape of the global point of sale terminal market is fragmented with a large number of players with global and regional presence. The key players covered in the point of sale terminal market analysis includes Ingenico Group, VeriFone Systems Inc, PAX Technology, Shenzhen Zhengtong Electronics Co Ltd, Fujian Newland Computer Co, Nexgo Inc.,Cybernet Manufacturing, Inc., New POS Technology Limited, Panasonic Corporation, Toshiba.

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Key Segments of the Global POS terminal Market

Component Overview, 2018-2025 (USD Billion)

Hardware
Software
Services

Technology Overview, 2018-2025 (USD Billion)

Fixed
Mobile

Type Overview, 2018-2025 (USD Billion)

Counter-top
Smart POS
M-POS
Integrated POS

Application Overview, 2018-2025 (USD Billion)

Restaurants
Hospitality
Healthcare
Retail
Warehouse
Entertainment
Others

Regional Overview, 2018-2025 (USD Billion)

North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America

What does the report include?

The study on the global POS terminal market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the POS terminal industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the market segmented based on product type, component, deployment, and application. Moreover, the study provides similar information for the key geographies.
Actual market sizes and forecasts have been provided for all the above-mentioned segments.

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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