Point-Of-Sale Terminals - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Point-Of-Sale Terminals Market is accounted for $69.00 billion in 2019 and is expected to reach $142.61 billion by 2027 growing at a CAGR of 9.5% during the forecast period. Rising trend of contactless payments and the requirement to keep track of inventory are the major factors driving the market growth. However, strict regulations and rising data security concerns are restraining the market growth.
POS terminals refer to electronic devices used for processing card payments, printing bills etc., across various end-use verticals such as restaurants, hospitality, healthcare, retail, warehouse/distribution, and entertainment. The product enables users to record & track client orders and credit & debit cards and connects to other systems. Continuous technological developments have led to advancements in these systems, which include mobile POS with bar code scanners and cloud-based POS, increasing the efficiency of businesses by providing high Return on Investments (ROI).
Based on application, the retail segment is likely to have a huge demand as huge extent of portability and accessibility enhances the examination of mobile terminals across the sector. By geography, North America is going to have a lucrative growth during the forecast period due to growing number of payment technologies. Also, rising security as well as regulations from MasterCard, and Visa is leading to market growth in the region.
Some of the key players profiled in the Point-Of-Sale Terminals Market include Centerm Information Co Ltd, Cisco Systems Inc, Diebold Nixdorf Incorporated, Hewlett-Packard Inc, Hisense, Ingenico Group, NCR Corporation, NEC Corporation, Newland Payment Technology, Oracle Corporation, Panasonic Corporation, PAX Technology Corp, Posiflex Technology Inc, Samsung Electronics Co Ltd, Toshiba Corporation and VeriFone Systems Inc.
• On Premise
Operating Systems (OS) Covered:
• Wireless POS
• Mobile POS Terminal
• Fixed POS Terminal
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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