openPR Logo
Press release

Point Of Sale Terminals Market : Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights

11-27-2017 02:03 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
The presence of a sizeable number of large players in the global point-of-sale (POS) terminal market makes stiff competition prevail among them. The competition is expected to further intensify as aspiring players, especially software vendors are seeking entry into the market.

One of the key growth drivers for the global POS terminal market is the high acceptance of POS terminal across the retail, healthcare, hospitality, warehouse/distribution sectors due to its ease and high return on investment. POS terminal offer several advantages with respect to fast bill processing, maintain customer database, inventory management, offering special discounts, and maintaining customer loyalty programs.

A report by Transparency Market Research predicts the global POS terminal market to rise at a CAGR of 11.5% between 2017 and 2025. The market stood at a valuation of US$54.68 bn in 2016.

Obtain Report Details @

https://www.transparencymarketresearch.com/point-of-sale-terminals-market.html

Wireless and Mobile POS Terminal Type to Lead in Future

The segments of the global POS terminal market based upon terminal type are fixed type and wireless and mobile type POS terminal. The segment of fixed POS terminal held a whopping 94% of the market in 2016 on account of early adoption of technology.

However, the adoption of wireless and mobile POS is on the rise due to ease of use, mobility, and cost-effectiveness as compared to traditional POS terminal. Small and medium sized businesses are increasingly displaying significant demand for mobile POS terminal due to their affordability as compared to fixed POS terminal and widespread use of smartphones and tablets at workplaces and in businesses.

The application segments of the global POS terminal market include restaurant, grocery/supermarket, field service, hospitality-lodging, healthcare, warehouse/distribution, retail, and government. Retail, among all, was the leading application segment holding 33% of the market in 2016. The rising popularity of technology-driven payment options among small retailers is anticipated to have a positive impact on the growth of the global POS terminal market.

In the coming years, the warehouse application segment is expected to display significant growth due to the rising popularity of mobile POS terminal.

In terms of component, the segments of the global POS terminal market are software and hardware. POS hardware segment comprises payment terminal (reader), workstation and accessories (cash drawer, wireless bar code scanner, PIN pad, tag printers, receipt printer, physical inventory scanner, and tag printers).

Request Sample @

https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=458

Early Adoption of Technology Makes North America Leading Market

At the regional front, North America led in 2016 holding almost 30% of the market revenue-wise. The growth of the region is mainly due to significant use of POS terminal across several industry sectors such as retail and entertainment. The high adoption of POS terminal among small retailers and quick service restaurants along with large retailers accounts for the significant position of the region in the global market.

Some key vendors operating in the global market for POS terminal are Ingenico S.A, MICROS Systems Inc., NEC Corporation, PAX Technology Limited, VeriFone Systems Inc., Hewlett-Packard Company, Cisco Systems Inc., Toshiba Corporation, Panasonic Corporation, and Samsung Electronics Co. Ltd.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

Contact

Transparency Market Research
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.

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 Point Of Sale Terminals Market : Comprehensive Evaluation Of The Market Via In-Depth Qualitative Insights here

News-ID: 833904 • Views: 181

More Releases from Transparency Market Research

Market Intelligence Report on Calcite Market, 2018-2028
Sales of calcite have witnessed utter proliferation in recent time, in line with the growing demand from paper and pulp sector wherein calcite is highly adopted as a coating and filler material. According to Transparency Market Research analysis, global calcite market is anticipated to register 4.7% CAGR during the study period 2018–2028. The TMR report opines that demand for calcite is highly driven by its significant properties that are paving way
Pearlescent Pigments Market Intelligence Report Offers Growth Prospects
The demand within the global pearlescent pigment market is slated to rise as new creative avenues emerge in the art and craft industry. Several artists have increased the consumption of pearlescent pigments, mainly due to the aesthetic value of these pigments in art forms. The use of these pigments can majorly be attributed to the gloss and shine imparted by these pigments to the design or craft. These pigments exhibit
Aragonite Market to Witness Steady Growth During the Forecast Period 2018-2026
Global Aragonite Market: Overview Aragonite is a carbonate mineral having an orthorhombic crystal system, and very closely resembles calcite. It is considered as the purest form of calcium carbonate. The mineral has garnered wide popularity as gemstone in various parts of the world and has promising healing properties with energy enhancing powers. Aragonite contains traces of magnesium and sand inclusion but rich in calcium carbonate, and is alkaline in nature. It
OEM Insulation Market Growth, Trends and Value Chain 2019-2027 by TMR
OEM Insulation Market – Overview OEM means Original Equipment Manufacturer that indicates to a company that produces a part or a subsystem of a product that is being used by another organization. Thermal insulation or simply insulation allows the product to cut down the heat gain or loss at the minimum by creating a barrier between the surfaces at the varying temperatures. There are wide range of applications and end-use verticals

All 5 Releases


More Releases for POS

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
Restaurant POS Software Market is Booming Worldwide | eZee Technosys, Boxy POS, …
Global Restaurant POS Software Market Size, Status and Forecast 2018-2025 is latest research study released by HTF MI evaluating the market, highlighting opportunities, risk side analysis, and leveraged with strategic and tactical decision-making support. The study provides information on market trends and development, drivers, capacities, technologies, and on the changing capital structure of the Global Restaurant POS Software Market. Some of the Key Player are Loyverse, eZee Technosys, Boxy POS,
POS Machines
Persistence Market Research has analyzed various facets of the POS machine market from a global standpoint and has skilfully presented them in its new research publication titled “POS Machine Market: Global Industry Analysis (2012-2016) and Forecast (2017-2025)”. The extensive POS machine market research report covers various trends, opportunities, drivers and restraints influencing the growth of the global POS machine market along with regional analysis, competitive scenario and forecasts. This analyses
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