Wednesday, July 28, 2021

Point-of-Sale (POS) Terminal Market Report: Expansion in Market Size Owing To Latest Trends, And Factors during the Period 2019 - 2027

Global POS Terminal Market: Overview

According to a new market report pertaining to the global POS terminal market published by Transparency Market Research, the global POS terminal market is projected to reach US$ 37.0 Bn by 2027. The POS terminal market is projected to expand at a CAGR of 12.8% from 2019 to 2027. Increasing demand of organizations in the area of real time user interaction, quick payment is driving the growth of the market.

  • Rise in Demand for Mobile POS Terminals - Mobile point-of-sale (mPOS) refers to specialized wireless devices such as tablets and smartphones that are capable of functioning as an electronic point-of-sale terminal or cash register. The implementation of mPOS allows the sales and service industries to conduct financial transactions at any place, owing to mobility, improved customer experience, and saving of space. Furthermore, according to custom research by HP company, till 2018, 3% of enterprise merchants have fully deployed an mPOS solution, and 86% of companies are either currently in the process of implementing or are planning to implement mPOS in the next two years. Thus, the anticipated demand for mPOS is expected to drive the POS terminals market during the forecast period.
  • Enhanced Customer Experience and Low Total Cost of Ownership (TCO) as Compared to Conventional Channels of Payment - Advanced POS technology competes with older point-of-sale systems such as PC cash drawers (PCCD) and cash registers. Retailers are seeking ways to update the legacy checkout systems in order to enhance customer service and operational efficiency. Retailers have realized that even a small cost reduction could lead to significant improvements in the bottom-line of their businesses. The advent of advanced payment technologies such as NFC and Europay, Master Card, and Visa (EMV) and an increase in the adoption of payment options such as debit and credit cards have played a role in boosting demand for POS terminals. Furthermore, many of the terminals currently installed do not have the capacity to be upgraded and will require replacement, which is likely to boost the market.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=458

POS Terminal Market: Market Taxonomy

The global POS terminal market has been segmented in terms of type, component, application and region. Based on type, the market has been segmented into Fixed POS Terminal and Wireless and Mobile POS Terminal.  Based on component, the market has been segmented into hardware, software and services. Software is further segmented into on-premise and cloud. Services has been further segmented into Integration, Implementation and Consulting. Based on application, the market has been segmented into Restaurant, Hospitality, Healthcare, Retail, Warehouse / Distribution, Entertainment and Others {Field Service, Government, Transportation, etc.} By region, the global POS terminal market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of POS terminal were analyzed based on type of technology providers in the market.

POS Terminal Market: Regional Outlook

North America is expected to dominate the POS terminal market during the forecast period. Asia Pacific is expected to see increasing growth in the POS terminal market. The POS terminal market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.

The report provides in-depth segment analysis of the global POS terminal market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the POS terminal market.

POS Terminal Market: Competition Dynamics

The research study includes profiles of leading companies operating in the global POS terminal market. Key players profiled in the report include Cisco Systems, Inc., Emerge Mobile (Pty) Ltd., Equinox Payments, LLC, Ingenico S.A., iVeri Payment Technologies (Pty) Ltd, Micros Systems, Inc., Miura Systems Ltd., NCR Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Vectron Systems SA, Yoco Technologies (Pty) Ltd.

The global point-of-sale (POS) terminal market is segmented based on:

Product Type

  • Fixed POS
  • Wireless and Mobile POS

Component

  • Hardware
  • Software

Application

  • Restaurant
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse / Distribution
  • Entertainment
  • Field Service
  • Government
  • Transportation

Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=458&ltype=S

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact Us

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

 

No comments:

Post a Comment