Point of Sale (POS) Terminals Market Trend Shows a Rapid Growth, Competitive Analysis, Future Prospects And Forecast 2027 | Ingenico S.A., MICROS Systems Inc., VeriFone Systems Inc., NEC

The Point of Sale (POS) Terminals Market report aims to provide an overview of with detailed market segmentation by nature, form, application, distribution channel category and geography. The market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Point of Sale (POS) Terminals market players and offers key trends and opportunities in the market.

The point of sale (POS) is where the transaction is completed, and the time of making the payment by the customer to the merchant for the goods purchased or the service taken. At this point, the merchant prepares an invoice or calculates the amount to be paid by the customer and give options to make payment. After the payment is received, a receipt for the transaction is issued by the merchant. POS terminals includes broad application range such as inventory management, printing bills, loyalty programs, and payments. As a result of the enhanced return on investment (ROI) offered by POS systems the market for POS terminals has picked up rapid adoption in the recent years.

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Top Key Players:-
- Panasonic Corporation
- Ingenico S.A.
- MICROS Systems Inc.
- VeriFone Systems Inc.
- NEC Corporation
- Hewlett-Packard Development Company LP
- PAX Technology Limited
- Cisco Systems Inc.
- Toshiba Corporation
- Samsung Electronics Co. Ltd

In comparison to the traditional system, the enhanced POS systems provides higher durability and reliability which leads to decrease in the cost of ownership thus, increasing the demand for POS solutions in both medium and small sized businesses. The emergence of mobile POS (mPOS) terminals has challenged the ongoing payment and transaction techniques due to its enhanced features such as better user experience and mobility.

With the use of mPOS, the financial transactions can be conducted at the customer place, which in turn improves customer experience. Moreover, the initial cost of mPOS is low as compared to traditional fixed POS systems creating a demand in medium and small sized businesses. Retail and hospitality sector are experiencing rapid progress in demand for mPOS solutions due to enhanced ROI and augmented demand for customer analytics features.

Market Segmentation:

On the basis of Type:

• Wireless
• Mobile POS
• Fixed POS

On the basis of Components:

• POS software
• POS hardware
• POS services

On the Application:

• Retail
• Entertainment
• Government
• Warehouse/distribution
• Hospitality
• Restaurants
• Transportation

The report highlights key growth strategies adopted by these players of Point of Sale (POS) Terminals industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.
The report analyzes factors affecting Point of Sale (POS) Terminals market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting Point of Sale (POS) Terminals market in these regions.

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Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Point of Sale (POS) Terminals Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in Point of Sale (POS) Terminals Market, thereby allowing players to develop effective long term strategies.

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