Press release
Point Of Sale (POS) Terminals Market Is Anticipated To Register A Positive CAGR Of 7.8% In The Forecast Period 2022-2032
Global Point of Sale (POS) Terminals market study sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The market report tracks the global sales of Point of Sale (POS) Terminals in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Point of Sale (POS) Terminals sector in particular.
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How will Sales of Point of Sale (POS) Terminals will foster in 2021 and beyond?
In its latest report, Fact.MR offers an exhaustive overview of the global Point of Sale (POS) Terminals market with focus on key dynamics, including drivers, restraints, opportunities, trends and detailed information about the global Point of Sale (POS) Terminals market structure.
Point of Sale (POS) Terminals market sales across the world will rise with the increasing adoption of wireless technology and penetration of digital media. With the outbreak of COVID-19, companies have become heavily reliant on digital platforms for the survival.
In the post-digital world, digital realities and advanced technologies such as artificial intelligence and internet of thinking & related products/services will be in trend. Technological adoption rate is increasing exponentially, which will bolster the industry growth.
ICT companies. are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.
China's ICT industry will register high growth opportunities, especially as tech companies focus on digital transformation in the field of robotic process automation, data theft security, cloud & edge computing and cybersecurity.
Market players across China are shifting their focus on customer needs by taking a more nuanced approach through new service offering and by adopting various strategies such as product development and innovation.
The ICT sector across the U.K., France, and Germany will register robust growth during the forecast period owing to the increasing research & development activities for the development of novel technologies. Rising adoption of artificial intelligence and big data science among the ICT service providers will boost the growth.
Advent of 5G wireless technology across India will aid the growth of ICT sector combined with the adoption of edge computing within various end-use sectors such as healthcare, automotive and food & beverage industry. Emergence of e-commerce platforms within the manufacturing companies of diverse end-use sectors will improve the demand over the coming years.
Rise in adoption of autonomous vehicles across South Korea and Japan is improving the adoption of computing technologies for higher connectivity in the automobiles. This trend will strengthen the growth of ICT industry.
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Key Point of Sale (POS) Terminals Market Segments
By Product :
Fixed POS Terminal
Mobile POS Terminal
By Component :
POS Terminal Hardware
POS Terminal Software
POS Terminal Services
POS Terminal Mining
POS Terminal Metal Fabrication
By Deployment :
On-premise POS Terminal Deployment
Cloud-based POS Terminal Deployment
By Application :
POS Terminals for Restaurants
POS Terminals for Hospitality
POS Terminals for Healthcare
POS Terminals for Retail
POS Terminals for Warehouses
POS Terminals for Entertainment
POS Terminals for Other Applications
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Competitive Landscape
The competitive landscape of the Point of Sale (POS) Terminals market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
In June 2021, Samsung Electronics introduced Samsung Kiosk, an all-in-one solution that offers contactless ordering and payment capabilities. Providing customers with easy install options and a protective coating, the Kiosk is now available in 12 countries worldwide, including the United States, Canada, the United Kingdom, Ireland, France, Sweden, the Netherlands, Belgium, Spain, Austria, Australia, and Singapore.
In July 2021, Oracle completed the acquisition of GloriaFood. The acquisition extends the Oracle MICROS Simphony Cloud POS platform by adding a global online ordering system and marketing solutions to enable restaurants of all sizes to go digital and serve customers directly through the web, mobile, and apps.
Key Regions Analysed
North America
Latin America
Europe
Asia-Pacific
Middle East & Africa
Key Country-wise Inclusions
US Point of Sale (POS) Terminals Market
Canada Point of Sale (POS) Terminals Sales
Germany Point of Sale (POS) Terminals Production
UK Point of Sale (POS) Terminals Industry
France Point of Sale (POS) Terminals Market
Spain Point of Sale (POS) Terminals Supply-Demand
Italy Point of Sale (POS) Terminals Outlook
Russia & CIS Market Analysis
China Point of Sale (POS) Terminals Market Intelligence
India Point of Sale (POS) Terminals Demand Assessment
Japan Point of Sale (POS) Terminals Supply Assessment
ASEAN Point of Sale (POS) Terminals Market Scenario
Brazil Point of Sale (POS) Terminals Sales Analysis
Mexico Point of Sale (POS) Terminals Sales Intelligence
GCC Point of Sale (POS) Terminals Market Assessment
South Africa Point of Sale (POS) Terminals Market Outlook
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