Point Of Sale System Requirement Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 | Samsung Electronics Co. Ltd, The Hewlett-Packard Company, Panasonic Corporation, Oracle Corporation, Casio Computer Co. Ltd , Fujitsu Ltd, Pa

As per the report, the point of sale system requirement market size has grown rapidly in recent years. It will grow from $12.67 billion in 2023 to $14.50 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The point of sale system requirement market size is expected to see rapid growth in the next few years. It will grow to $24.94 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%.

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Digital Payment Adoption Fuels Growth In The Point Of Sale System Requirement Market
The growing adoption of digital payment methods is expected to propel the growth of the point-of-sale system requirement market going forward. A digital payment is a transaction where money is transferred electronically between two parties using digital systems, such as online banking or mobile wallets. The growing adoption of digital payment methods is driven by their convenience, speed, and enhanced security, along with increasing smartphone usage and internet accessibility. Digital payment methods in point-of-sale systems require integration with secure payment gateways, support for various card and mobile wallet transactions, and compliance with industry standards such as the payment card industry data security standard (PCI DSS) to ensure data security and seamless transaction processing. For instance, in May 2024, according to FedPayments Improvement, a US-based product of Federal Reserve Banks, in 2023, digital wallets and mobile apps were adopted by 62% of businesses, a notable increase from 47% in 2022. This growth surpassed that of ACH and debit cards, solidifying digital wallets as the second-most utilized payment method, closely trailing paper checks. Therefore, the growing adoption of digital payment methods is driving the growth of the point-of-sale system requirements market.

Development Of Cloud-Based Payments Platform For Enhanced POS Experience
Major companies operating in the point-of-sale system requirement market are focusing on developing technologically advanced solutions, such as payment platforms as a service solution, to better serve customers. A payments platform as a service (PaaS) solution offers businesses an integrated system to manage and process payments securely, providing flexibility, scalability, and regulatory compliance without the need for extensive internal infrastructure development. For instance, in December 2021, Ingenico, a France-based merchant services technology company, launched PPaaS (Payments Platform as a Service), a cloud-based platform aimed at transforming the point-of-sale (POS) experience. It integrates multiple payment and commerce services and operates on a new technology framework. PPaaS is designed with developers in mind and is compatible with all types of payment terminals, including Ingenico's global network of 35 million POS terminals.

The point of sale system requirement market covered in this report is segmented -

1) By Deployment Mode: Cloud, On-Premise
2) By Organization Size: Large Enterprise, Small And Medium Enterprise (SME)
3) By Application: Fixed Point Of Sale (POS), Mobile Point Of Sale (POS)
4) By End User: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other End Users

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Major companies operating in the point of sale system requirement market are Samsung Electronics Co. Ltd, The Hewlett-Packard Company, Panasonic Corporation, Oracle Corporation, Casio Computer Co. Ltd , Fujitsu Ltd, PayPal Holdings Inc., NEC Corporation, Block Inc, NCR Corporation, Shopify Inc., Toast Inc., Ingenico SA, PAX Technology, Lightspeed POS Inc, Toshiba Global Commerce Solutions, Verifone Inc., Clover Network Inc., GK Software SE, NEXGO (Shenzhen Xinguodu Technology Co. Ltd.), Helcim Inc., Newland Payment Technology, Bindo Labs Inc., Qashier PTE Ltd

Contents of the report:
1. Executive Summary
2. Point Of Sale System Requirement Market Report Structure
3. Point Of Sale System Requirement Market Trends And Strategies
4. Point Of Sale System Requirement Market - Macro Economic Scenario
5. Point Of Sale System Requirement Market Size And Growth
…..
27. Point Of Sale System Requirement Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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