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According to a new market report published by Credence Research, “Point of Sale (POS) Terminals Market (Restaurants, Hospitality, Healthcare, Retail, Warehousing/Distribution, Entertainment, and Other End-use (Field Services, Government, Transportation, etc.) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the POS terminals market was valued at US$ 40.20 Bn in 2014, and is expected to reach US$ 103.20 Bn by 2022, expanding at a CAGR of 12.9% from 2015 to 2022.
Browse the full report at “Point of Sale (POS) Terminals Market”
Market
Insights
A Point of Sale (POS) is a mechanized alternative for a cash register with the
ability to record and track customer orders, process debit/credit cards,
connect to other systems in network, and control inventory across
geographically dispersed locations. The POS terminal market has witnessed a
significant change and expansion with the advancements in technology leading to
the growth of alternative POS solutions including Android POS and SaaS-based
POS terminals. The POS terminals are moving towards digital format, with
electronic signature capture and e-mailed receipts enabling paper free
transactions. The introduction of chip-embedded payment solutions and
personal identification number (PIN) is expected to minimize the security
concerns pertaining to data theft, further expanding the POS terminals market.
Competitive
Insights:
The global POS terminals/systems market is highly fragmented across vertical
markets, compelling resellers to understand the distinct differences from
segment to segment. Ingenico S.A., Verifone Systems, Inc., and PAX Technology
Ltd are the leading POS terminal vendors in the global POS terminals market.
Other players including Panasonic Corporation, Toshiba Corporation, Hewlett
Packard, and Samsung Electronics Co., Ltd NCR Corporation and MICROS Systems,
Inc. have been identified as promising and emerging players in the POS
terminals industry.
Download Free PDF Sample Request: Point of Sale (POS) Terminals Market
Key Trends:
- Shift from Hard Currency Transactions to Cashless Transactions
- Mobility Revolution
- Growing adoption of SaaS-based and Android POS systems
- Opportunity to Add Value and Loyalty Options
By Product Type
- Mobile Point of Sale (mPOS) Terminals
- Fixed Point of Sale (POS) Terminals
By End User
- Restaurants (Quick Serve Restaurants, Bars, Food Chains, etc.)
- Hospitality (Lodging Establishments, Hotels, Motels, etc.)
- Healthcare
- Retail
- Warehousing/Distribution
- Entertainment
- Others (Field Services, Government, Transportation, etc.)
By Component
- Point of Sale (POS) Terminal Hardware
- Point of Sale (POS) Terminal Software
By Geography Segment
- North America
- Europe
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
- Latin America
Download Free PDF Sample Request: Point of Sale (POS) Terminals Market
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