openPR Logo
Press release

What's driving the Retail Point-of-Sale (POS) Terminals Market growth? Key Players are: Panasonic Corporation, Ingenico Group, NEC Corporation, Micros Systems Inc., Hewlett-Packard Inc., Cisco Systems Inc., Epicor Software Corporation, PAX Technology Ltd,

05-22-2020 10:31 PM CET | IT, New Media & Software

Press release from: Market Study Report LLC

Retail Point-of-Sale (POS) Terminals Market

Retail Point-of-Sale (POS) Terminals Market

Selbyville, Delaware According to Market Study Report, Provides A Detailed Overview Of Retail Point-of-Sale (POS) Terminals Market With Respect To The Pivotal Drivers Influencing The Revenue Graph Of This Business Sphere. The Current Trends Of Retail Point-of-Sale (POS) Terminals Market In Conjunction With The Geographical Landscape, Demand Spectrum, Remuneration Scale, And Growth Graph Of This Vertical Have Also Been Included In This Report.

According to a new study the worldwide Retail POS Terminals market is anticipated to reach USD 49,863 million by 2026. In 2017, the fixed POS terminals dominated the global market, in terms of revenue. North America is expected to lead the global market in 2017.

Request a sample Report of Retail Point-of-Sale (POS) Terminals Market at@ https://www.marketstudyreport.com/request-a-sample/1694980/?utm_source=openpr.com&utm_medium=ADS

There has been an increasing adoption of retail POS terminals owing to increase need to improve customer experience, and simplify card payments. The global retail POS terminals market is driven by the increasing digital payments and government support to secure digital payments. Technological advancement in cloud-based POS terminals, android-based POS terminals, biometrics, and NFC technology is expected to augment market growth. However, data privacy concerns and risk of data theft restricts the retail POS terminals market growth.

Retailers are integrating mobile POS terminals into business to simplify transactions, reduce waiting times, and increase number of interactions. Mobile POS also offers customer analysis and data regarding past transactions, inventory management, and employee management. It enables retailers to offer personalized services to customers through offers and loyalty schemes, coupons, and other services. Mobile POS terminals are also space efficient and take lesser space than fixed POS terminals. This space efficiency enables retailers to use the extra space for display or inventory.

LS Nav is a retail management system available in the market comprising POS and enterprise resource planning (ERP). The features offered by this system include e-commerce, inventory management, retail accounting, customer management, warehouse management, and mobile support. This system is developed for retail stores such as apparel, groceries, electronics, and convenience stores among others. This system enables users to track sales, productivity, and stock on a real time basis.

Clover POS Software is another solution available in the market for the retail sector. It is an integrated point-of-sale system with custom hardware developed for retailers. It can be deployed either as web-based or server-based. It also provides a mobile POS option along with countertop units. This system enables secure transactions, and provides access reports on a remote merchant dashboard. This system reads chip and PIN cards, credit cards, and can also process Apple Pay and other mobile payment apps. It can also integrate with QuickBooks to streamline the accounting process.

North America generated the highest revenue in the market in 2017 owing to increasing adoption of mobile devices, high disposable income, and growing need to offer enhanced services to customers. POS terminals enable retailers to offer personalized services, customer loyalty solutions, variable payment options, and data regarding past transactions.

The Asia Pacific region is expected to register substantial growth in the retail POS terminals market owing to the rapidly emerging retail sector in countries such as India and China. The demonetization effect in India has encouraged consumers to accept cashless transactions.

Retail POS terminals are segmented into fixed POS terminals and mobile POS terminals. Fixed POS terminals are expected to dominate the global market throughout the forecast period.Mobile retail POS terminals market is expected to grow at a significant CAGR during the forecast period owing to technological advancement and emergence of mobile wallets. Additionally, affordable costs, mobility, ease of use, and increased efficiency.

The components of POS terminals in the retail sector include hardware, and software. The hardware components are expected to dominate the global market throughout the forecast period. The software segment is expected to grow significantly in the coming years owing to additional functionalities offered such as tracking customer behavior, analyzing buying trends, and offering customized loyalty programs.

The well-known companies profiled in the report include Panasonic Corporation, Ingenico Group, NEC Corporation, Micros Systems Inc., Hewlett-Packard Inc., Cisco Systems Inc., Epicor Software Corporation, PAX Technology Ltd, and VeriFone Systems Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

For More Details on this report@ https://www.marketstudyreport.com/reports/retail-point-of-sale-pos-terminals-market-by-product-type-fixed-pos-terminals-mobile-pos-terminals-by-deployment-on-premise-cloud-based-by-components-hardware-software-by-end-user-supermarkets-and-hypermarkets-grocery-and-departmental-stores-specialty-stores-others-by-regions-market-size-forecast-2017-2026?utm_source=openpr.com&utm_medium=ADS

Related Report:

Mobile Point-of-Sale (mPOS) Terminals Market [By Deployment Type (On-Premise, Cloud-based); By Component (Hardware, Software); By End-Use (Retail, Restaurant, Healthcare, Hospitality, Others); By Regions]: Market size & Forecast, 2017 - 2026

According to a new study the worldwide Mobile POS Terminals market is anticipated to reach over USD 81.3 billion by 2026. In 2017, the hardware component dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The rising number of cashless transactions and growing need for digital payments primarily drive the growth of this market. Mobile POS solutions enable users to conduct financial transactions at remote locations with increased convenience and ease. Growing proliferation of mobile devices, increasing internet penetration, and technological advancement boosts the adoption of mobile POS terminals. Mobile POS terminals are also capable of accepting payments through EMV chip-enabled cards, contact-less cards, and NFC enabled cards.

For More Details on this report@ https://www.marketstudyreport.com/reports/mobile-point-of-sale-mpos-terminals-market-by-deployment-type-on-premise-cloud-based-by-component-hardware-software-by-end-use-retail-restaurant-healthcare-hospitality-others-by-regions-market-size-forecast-2017-2026?utm_source=openpr.com&utm_medium=ADS

Contact Us:

Market Study Report LLC

4 North Main Street,

Selbyville, Delaware 19975

USA

Phone: 1-302-273-0910

US Toll Free: 1-866-764-2150

Email: sales@marketstudyreport.com?

Website: https://www.marketstudyreport.com

Blog: https://www.marketstudyreport.com/blog/

About Us

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release What's driving the Retail Point-of-Sale (POS) Terminals Market growth? Key Players are: Panasonic Corporation, Ingenico Group, NEC Corporation, Micros Systems Inc., Hewlett-Packard Inc., Cisco Systems Inc., Epicor Software Corporation, PAX Technology Ltd, here

News-ID: 2055625 • Views: 185

More Releases from Market Study Report LLC

What's driving the Steel Market trends? Thyssenkrupp AG, ArcelorMittal, POSCO, T …
Market Study Report LLC adds new research on Steel market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, Steel market also includes an in-depth study of the industry competitive scenario. Global steel market share is poised to witness dramatic growth over the next few years
What's driving the Aeroderivative Gas Turbine Market trends? Siemens AG, General …
Market Study Report LLC has added a new report on Aeroderivative Gas Turbine market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Aeroderivative Gas Turbine market in tandem with its competitive terrain. Global aeroderivative gas turbine market is projected to
Comprehensive analysis on CNG Vehicles Market Growth | Key Players are: General …
Market Study Report LLC adds new research on CNG Vehicles market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market size. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape, CNG Vehicles market also includes an in-depth study of the industry competitive scenario. According to this study, over the next five years the CNG Vehicles market
What's driving the Electrical House (E-House) Market trends? Schneider Electric, …
Market Study Report LLC has added a new report on Electrical House (E-House) market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of Electrical House (E-House) market in tandem with its competitive terrain. Electrical House (E-House), also called Power House, is

All 5 Releases


More Releases for POS

Cloud POS Market to 2027 - Square, Intuit, Oracle, Shopify,Toast, Vend, Accu POS …
The global Cloud POS market valued at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 – 2027, and reach US$ 27.82 Bn in 2027. Key Benefits- - To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud POS Market - To forecast the size of the market segments with
Restaurant POS Software Market is Booming Worldwide | eZee Technosys, Boxy POS, …
Global Restaurant POS Software Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Restaurant POS Software Market. Some of the Key Player are Loyverse, eZee Technosys, Boxy POS,
POS Machines
Persistence Market Research has analyzed various facets of the POS machine market from a global standpoint and has skilfully presented them in its new research publication titled “POS Machine Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The extensive POS machine market research report covers various trends, opportunities, drivers and restraints influencing the growth of the global POS machine market along with regional analysis, competitive scenario and forecasts. This analyses
Global Restaurant POS Software Market Size, Status and Forecast 2022 - Boxy POS, …
This report studies the global Restaurant POS Software market, analyzes and researches the Restaurant POS Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Loyverse eZee Technosys Boxy POS BIM POS Oracle Hospitality AccuPOS FoodZaps Technology Abacre Aldelo Amigo Point Of Sale Market segment by Application, Restaurant POS Software can be split into PC Terminal Mobile Terminal Get Free Sample copy of this report @ http://www.qyresearchreports.com/sample/sample.php?rep_id=1318989&type=E Table of
Restaurant POS Software Market 2017 - Abacre, Aldelo, Loyverse, Boxy POS, BIM PO …
Apex Research, recently published a detailed market research study focused on the "Restaurant POS Software Market" across the global, regional and country level. The report provides 360° analysis of "Restaurant POS Software Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Restaurant POS Software industry, and estimates the future trend of Restaurant
POS Software Market Share 2017 Realtime POS, Heartland Payment, Keystroke, Shopi …
POS Software Market Research Report A market study ” Global POS Software Market ” examines the performance of the POS Software market Share 2017. It encloses an in-depth Research of the POS Software market state and the competitive landscape globally. This report analyzes the potential of POS Software market in the present and the future prospects from various angles in detail. The Global POS Software Market 2017 report includes POS Software market