Press release
Global Retail POS Terminals Market Provides Information on Historical Growth, Analysis, Opportunities and Forecast to 2030
A POS terminal is an electronic device used to process card payments at locations such as hospitals, pharmacies, resorts, restaurants, hotels, gas stations, and retail stores. The market's demand has increased due to an increase in demand for reasonable wireless communication technologies. Wireless devices are used by POS systems to facilitate payments for goods and services. Wireless technology streamlines a variety of processes, from taxis to restaurants. Retail and hospitality businesses use POS terminals for remittance and other operational tasks such as accounting, sales tracking, and inventory management.Restaurants, bars, and food service providers, for example, rely on POS technology to inventory, products, and operations, as well as track sales, operations, products, and inventory. The market concept includes devices and displays to engage in online transactions using cash registers, barcode scanners, and computers. Furthermore, the increasing adoption of mobile-based POS terminals, advancements in payment technologies, the use of Europay, Mastercard, and Visa (EMV) cards, and market adoption in the e-commerce and retail sectors are driving industry growth.
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According to the report study, a large number of retailers who are prepared for this shift in consumer behaviour will benefit significantly. As a result, they're collaborating with e-commerce platforms to boost their visibility and reach. Through personalised marketing campaigns, they are also increasing customer engagement and conversion rates.
In short, digital platforms like POS terminals have made it possible for customers to buy products from anywhere at any time. This means that retailers don't have to invest as much in physical stores. In fact, some businesses in the retail point of sale terminal market have discovered that POS terminals make them more money than in-person cash sales tactics.
Global Retail POS Terminals Market: By Key Players
• Cisco Systems
• Epicor Software Corporation
• Hewlett-Packard Company
• Ingenico Group
• Micros Systems
• NCR Corporation
• Panasonic Corporation
• PAX Technology
• Samsung Electronics
• Toshiba Corporation
• VeriFone Systems
Global Retail POS Terminals Market: By Types
• Fixed Retail POS Terminals
• Mobile Retail POS Terminals
Global Retail POS Terminals Market: By Applications
• Department Stores
• Warehouse
• Discount Stores
• Supermarkets/Hypermarkets
• Convenience Stores
• Speciality Stores
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter's Five Force Model and SWOT analysis are used to study the global Retail POS Terminals Devices market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Retail POS Terminals Devices would help in identifying future applications in this market.
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