Point-of-Sale (POS) Terminals Market (Fixed POS Terminals and Wireless and Mobile POS; Hardware and Software; Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse / Distribution, Entertainment and Others) – Market Share 2020

Point-of-sale (POS) terminals are used for making payments, printing bills, inventory management and carrying out loyalty programs across various end-use verticals such as retail, hospitality and entertainment. POS terminals are increasingly finding growth in demand as these products enable ease of making payment and offer low total cost of ownership (TCO). The global POS terminals market was valued at USD 36.86 billion in 2013 and is expected to grow at a CAGR of 11.6% during the forecast period 2014 – 2020.

A recent research report published by Transparency Market Research offers an overview of the global point-of-sale terminals market and projects the growth of the market in the coming years. The report, titled “Point-of-Sale (POS) Terminals - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020”, estimates the global point-of-sale terminals market to expand at a CAGR of 11.6% during the period between 2014 and 2020. The market was worth US$36.86 bn in 2013.

PDF Sample for Technological Insights at
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=458

Lower Ownership Costs Driving Adoption of Point of Sale Terminals

One of the key drivers for the global point of sale terminals market is the decrease in the cost of operating payment gateways. Conventional payment channels require manual supervision as well as more elaborate construction than point of sale terminals. Large-scale utilization of point of sale terminals can thus result in significant cost savings for the vendor. This is an important point for small vendors, who can gain a lot by avoiding installing conventional points of sale.

Customers also support the use of POS terminals, since they can themselves operate the terminal quite easily and, in the case of mobile POS terminals, without having to wait in lines. While there remains some risk of data breaches through the payment software, the risk isn’t any higher for mobile POS terminals than it is for any other digital payment gateways.

View Report: http://www.transparencymarketresearch.com/point-of-sale-terminals-market.html

The convenience of mobile POS terminals is set to result in a steady increase in their demand in the coming years. Mobile POS terminals are simply electronic devices such as smartphones and tablets that have been equipped with a software program that allows payments through cashless transactions and links the individual transactions to the store’s main financial register. Regular smartphones and tablets can be used as mobile point of sale terminals by installing apps. Mobile POS terminals can either be used as standalone systems, each connected through an app, or as a part of a larger system operating from a server.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Contact

Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.