Press release
Global POS Terminals Market Size and Forecast to Grow at a CAGR of 9.12% By 2020
The objective of this report is to define, describe, and forecast the market on the basis of type, application, medical condition, and region. It provides detailed information regarding the major factors influencing the growth of the market. This report also tracks and analyzes competitive developments of the key players in terms of market developments, product portfolios, and financials.Acute Renal Failure Market: Industry Size, Share, Growth, Forecasts
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POS terminals allow cashless transactions to sell goods. Retailers use POS terminals to manage information about their cash flows, customers, and inventory. A POS terminal enhances the shopping experience for customers by minimizing the payment processing time and provides companies with information pertaining to the sales of their respective products.
A POS terminal helps in processing card payments at several sectors such as retail (supermarkets, specialty stores, hypermarkets, drug stores, gas stations, and mass merchandise stores) and hospitality (restaurants, pubs, hotels, and take-out restaurants).
Technavios analysts forecast the global point-of-sale (POS) terminals market to grow at a CAGR of 9.12% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global point-of-sale (POS) terminals market for 2016-2020. To calculate the market size, the report considers revenue generated from the sale of POS terminals, transaction fees, and other fees such as monthly fees charged by vendors.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Point-of-Sale (POS) Terminals Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Ingenico
Verifone
PAX Technology
SZZT
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Other prominent vendors
CyberNet
Equinox Payments
First Data
NCR
Spire Payments
Market driver
Increasing card transactions
For a full, detailed list, view our report
Market challenge
Increase in payment-card-related fraud
For a full, detailed list, view our report
Market trend
Wider adoption of contactless payment systems
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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