openPR Logo
Press release

Global Retail POS Terminals Market share to hit $45bn by 2024

04-24-2017 02:41 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

The industry statistics report “Retail (Point of Sale) POS Terminals Market Size By Product (Mobile, Fixed), By Services (Professional services, Support & Maintenance, Training), By Component (Software, Hardware), By Application (Department Store, Supermarket/Hypermarket, Warehouse, Convenience, Discount Store, Specialty Store, Drugstore, Category Store), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”. Retail Point of Sale Terminals Market size to grow at 14% CAGR from 2016 to 2024: as per a new research report by Global Market Insights, Inc.

Rising popularity of non-cash transactions due to the digitization of payments, technological innovation, and proliferation of immediate payments will fuel global retail POS terminals market growth. Cash handling and cost elimination further contributes towards the global demand. Increasing investment from the technology providers to offer advantages such as digital mishap control, reduced payment processing time, and low fee charges will drive Retail point of sale terminals market size.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/291

Mobile retail POS terminals market is anticipated to witness substantial growth at over 18% CAGR from 2016 to 2024. Advancements in wireless technology and emergence of mobile wallets are responsible for industry growth forecasts. Moreover, the advantages such as low upfront cost, easy usage, positive return on investment, and portability, have collectively spurred mobile POS terminals market consumption.

Manufacturers in the retail POS terminals market facilitate customized services including offers & loyalty initiatives, coupons, and suggestions, resulting in enhanced customer satisfaction. Emergence of advanced payment technologies such as NFC and Europay, Master Card and Visa (EMV) coupled with the increasing adoption of payment options such as debit and credit cards have played their role in demand development. Technology advancements have improved cost effectiveness and features such as Quick Payment Service (QPS), automated download, and back-lighted keyboards leading to the high adoption rate.

Supermarkets/hypermarkets will witness increase adoption in the coming years owing to the maximum RoI and increasing focus on enhanced customer experience. Ability to reduce manual error and regular inventory track is enhancing the usage resulting in retail POS terminals market growth. Data security and costly software upgrades are challenges for companies operating in the industry.

Support & maintenance services accounted for over 20% of the 2015 retail POS terminals market share, due to the increase in demand for optimization of the IT software and hardware infrastructure of an organization in regions such as North America and Europe. Training services will be driven by the increasing demand across developing countries for proper guidance and familiarity with the technology.

Browse key industry insights spread across 170 pages with 128 market data tables & 99 figures & charts from this 2017 report Retail (Point of Sale) POS Terminals Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/IR-infrared-camera-market-report

Growing adoption of cloud computing technology and mobile devices will continue strengthening the demand for software. Increasing requirement of data security across the retail industry will further boost the demand for advanced software solutions.

India retail POS terminals market share is expected to witness considerable demand gains due to government efforts and stringent rules & regulations to promote digital payments in the country. In addition, demonetization issues and demand for mobile payments are expected to surge the adoption across the region.

Players operating in the industry include PAX, Ingenico, NEC, VeriFone, Cisco, MICROS, HP, Samsung, and Panasonic. Technological advancements and innovation are the key strategies to maximize share and to compete in the highly competitive retail POS terminals market.

Make an inquiry for buying this report @ https://www.gminsights.com/inquiry-before-buying/291

Table of Content of Retail POS Terminals Market
:
Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical model and forecast

1.1.3 Industry insights and validation

1.1.4 Research scope and assumptions

1.2 Data Sources

1.2.1 Primary sources

1.2.2 Secondary sources

Chapter 2 Executive Summary

2.1 Retail POS terminal industry 360° synopsis, 2013 - 2024

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Product trends

2.1.4 Services trends

2.1.5 Component trends

2.1.6 Application trends

Chapter 3 Retail POS Terminal Industry Insights

3.1 Industry segmentation

3.2 Industry size & growth forecast, 2013 - 2024

3.3 Industry ecosystem analysis

3.3.1 Vendor matrix

3.3.2 Distribution channel analysis

3.4 Technology & innovation landscape

3.4.1 Android POS terminal

3.4.2 Iris and facial recognition

3.5 Regulatory landscape

3.5.1 National Payment Corporation of India (NPCI)

3.5.2 EU Regulation on Interchange Fees for Card-based Payment Transactions

3.5.3 European Payment Council (EPC)

3.5.4 Electronic Fund Transfer Act (ECTA)

3.6 Industry impact forces

3.6.1 Growth drivers

3.6.1.1 Increase in cashless transactions

3.6.1.2 Emerging demand for mobile POS terminals

3.6.1.3 Increasing penetration across several retail channels

3.6.1.4 Migration to EMV cards

3.6.2 Industry pitfalls & challenges

3.6.2.1 Need for data security

3.6.2.2 Costly software upgrades

3.7 Growth potential analysis

3.8 Cashless transactions & debit card base

3.8.1 U.S.

3.8.2 Europe

3.8.3 China

3.8.4 India

3.9 Company market share analysis, 2015

3.9.1 Strategy dashboard

3.10 Porter’s analysis

3.11 PESTEL analysis

Browse Related Reports:

(Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), By Technology (Biometric, Traditional), Industry Analysis Report, Regional Outlook (U.S., Mexico, Germany, UK, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Retail POS Terminals Market share to hit $45bn by 2024 here

News-ID: 512682 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for POS

The Continuing Growth Story of Restaurant POS System Market | Square, BIM POS, T …
Global Restaurant POS System Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the
POS Software Market is Booming Worldwide with Realtime POS, Alexandria Computers …
Advance Market Analytics released the research report of Global POS Software Market, offers a detailed overview of the factors influencing the global business scope. POS Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the POS Software. This Report covers the emerging player's data, including: competitive
Cloud POS Market to 2027 - Square, Intuit, Oracle, Shopify,Toast, Vend, Accu POS …
The global Cloud POS market valued at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 – 2027, and reach US$ 27.82 Bn in 2027. Key Benefits- - To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud POS Market - To forecast the size of the market segments with
POS Software Market Is Booming Worldwide | Realtime POS, Heartland Payment Syste …
Advance Market Analytics recently introduced POS Software Comprehensive Study by Type Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Realtime POS, Inc. (United States) , Heartland
Global Restaurant POS Software Market Forecast 2018-2025 Loyverse , eZee Techno …
Global Restaurant POS Software Market This report focuses on the global Restaurant POS Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Restaurant POS Software development in United States, Europe and China. In 2017, the global Restaurant POS Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Request
Restaurant POS Software Market 2017 - Abacre, Aldelo, Loyverse, Boxy POS, BIM PO …
Apex Research, recently published a detailed market research study focused on the "Restaurant POS Software Market" across the global, regional and country level. The report provides 360° analysis of "Restaurant POS Software Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Restaurant POS Software industry, and estimates the future trend of Restaurant