Point of Sale (POS) Market is anticipated to reach USD 26.61 billion by 2028

The global Point of Sale (POS) Market size was USD 8.71 billion in 2020.The market is anticipated to reach from USD 9.95 billion in 2021 to USD 26.61 billion by 2028 at a CAGR of 15.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, "Point of Sale (POS) Market, 2021-2028."

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According to our researchers, the number of smartphone users is also rising each year. Consumers are inclining toward using e-wallets and mobile payment as they offer more suitability and flexibility in payment options over carrying huge wallets, credit and debit cards everywhere.

Top Players Covered in the Point of Sale (POS) Market are:
• Ingenico Group (Paris, France)
• NCR Corp. (Georgia, U.S.)
• VeriFone Systems, Inc. (California, U.S.)
• Revel System, Inc. (California, U.S.)
• PAX Technology (Shenzhen, China)
• Oracle(Texas, U.S.)
• HP Inc. (California, U.S.)
• Lightspeed (Montreal, Canada)
• Square, Inc. (California, U.S.)
• Fujitsu (Tokyo, Japan)

COVID-19 Impact
COVID-19 to have ModerateImpression on Point of Sale (POS) Market Growth
The COVID-19 pandemic has made governments around the globetackleprimecontests in maintaining thesafety and protection of their citizen as well asembracinginventive digital technologies. The stepsinitiated by governments to avert the spread of the virus are extraordinary. During the COVID-19 pandemic, the commercial business sector, which encompasses retail stores and restaurants,isexperiencingseveral challenges, such as administering the health of the workforce and guaranteeingoptimal business operations.

Segmentation
Type, Deployment, End-User, and Region are studied for the Market
Based on type, the market isdivided into fixed POS and mobile POS. In terms of component, it issegregated into hardware, software, and services. On the basis of deployment, it isclassified into on-premise and cloud-based. By end-user, it iscategorized into restaurants, retail, entertainment, and others. Among these, the retail segment holds the largest market share due to the growing adoption of point of sale systems in retail shops, as it offersa track of real-time data about sales performance.Region-wise, it is studied across North America, Europe, Asia Pacific, the Middle East & Africa, and South America

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Drivers& Restraints
Rising Inclination toward Non-Cash Transactions amid Users to Boost Market Growth
Digital transformation is powered by rising digitization, connectivity as well as data. This transformation is being conducted across industries to create novel services, refine operational proficiencies, and enrich customer fulfillment. Acceptance of electronic payment process has amplifiedthe demand for point of sale system as it comprisesprotection, flexibility, precise money management, and abolishes human errors by minimalizing human intrusion for billing.

Industry Development
June 2021: Oracle procured GloriaFood, an online marketing and ordering platform, to extend its Oracle Micros Simphony Cloud POS platform and holda larger share of the market.

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Table of Content
• Introduction
o Definition, By Segment
o Research Methodology/Approach
o Data Sources
• Key Takeaways
• Market Dynamics
o Macro and Micro Economic Indicators
o Drivers, Restraints, Opportunities and Trends
o Impact of COVID-19
 Short-term Impact
 Long-term Impact
• Competition Landscape
o Business Strategies Adopted by Key Players
o Consolidated SWOT Analysis of Key Players
• Global Point of Sale (POS) Key Players Market Share Insights and Analysis, 2020
• Key Market Insights and Strategic Recommendations
• Companies Profiled(Covered for key 10 players only)
o Overview
 Key Management
 Headquarters etc.
o Offerings/Business Segments
o Key Details (Subjected to data availability in public domain and/or on paid databases)
 Employee Size
 Key Financials
• Past and Current Revenue
• Geographical Share
• Business Segment Share
o Recent Developments
• Annexure / Appendix
o Global Point of Sale (POS) Market Size Estimates and Forecasts (Quantitative Data), By Segments, 2017-2028
 By Type(USD)
• Fixed POS
• Mobile POS
 By Component(USD)
• Hardware
• Software
• Services
Toc Continued…..

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Name: Ashwin Arora
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Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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