Global “Point of Sale (POS) Terminal Market” Report 2020 offers Complete analysis of industry status and outlook of major regions based on of key players, countries, product types, and end industries. This report focuses on the Point of Sale (POS) Terminal in Global market, especially in United States, Europe, China, Japan, South Korea, North America, India. Point of Sale (POS) Terminal Market report categorizes the market based on manufacturers, regions, type and application. Point of Sale (POS) Terminal Report 2020 (value and volume) by company, regions, product types, end industries, history data and estimate data.
Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. Point of Sale (POS) Terminal Market report categorizes the market based on manufacturers, regions, type, and application. Point of Sale (POS) Terminal Market reports offer a detailed assessment of the Point of Sale (POS) Terminal including enabling technologies, current market situation, market assumptions, restraining factors.
List of Top Key-players in 2020 of Point of Sale (POS) Terminal Market:-
- Cisco Systems Inc.
- Toshiba Corporation
- VeriFone System Inc.
- Samsung Electronics Inc.
- MICROS Systems Inc.
- Hewlett Packard Enterprise
- Ingenico SA
- NEC Corporation
- Panasonic Corporation
- PAX Technology
- Dell Inc.
The Global Point of Sale (POS) Terminal market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global point of sale terminal market was valued at USD 57.896 billion in 2017, and is expected to reach USD 109.461 billion by 2023, witnessing a CAGR of 11.2% during the forecast period of 2018-2023. Point-of-sale systems are the final contact point of businesses that are employed to handle checkouts and payments. Modern POS systems integrate multiple systems into single terminal, to handle a range of operations, including billing, cash collection, card payments, printing, data analysis, etc. The scope considered in our study includes hardware terminals, software deployed in these terminals, and related services.
With an increasing concentration of businesses and growing customer frequency, businesses are looking for technologies that streamline processes and integrate into a single contact point. Innovations in technology have led to advancements in these systems, namely MPOS and automated POS systems, which completely automate the checkout processes. POS systems also help increase the operational efficiency of businesses, by offering almost 24% saving in operations and high returns on investments.
Ease of Use and Increased Efficiency Driving the Growth of the Market
Point-of-sale systems have emerged as a reliable alternative to traditional cash registry systems. These systems give merchants multiple capabilities, such as tracking of sales, faster checkouts, easy forwarding of orders, monitoring the inventory, secure payments, etc. These features enable merchants to increase productivity, and subsequently, sales. The new generation systems need minimal interaction from a technician to install the systems, as these devices with plug-and-play capabilities are being deployed with most of the pre-installed software components. This eliminates the hassles of setting up the system for users, and thus makes it easy for small and medium merchants to adopt these systems. Thus, the ease of use offered by the systems and increased efficiency are driving the growth of these systems across the globe.
Hardware Component Dominating the Market Landscape
Many industries are developing smooth inventory and money management systems, as customers’ needs have increased over time. Modern POS systems are simple to use than the cash registers, and are being widely used in various sectors, as they help in all aspects, such as inventory management, transaction management, cash management, revenue management, and data analysis. Further improvements in these areas are increasing the demand for the POS systems. Hardware components have also registered significantly up gradation over the last few years, as the usage of POS terminals is growing in line with global consumerism. POS hardware systems have changed, with the increasing number of e-wallets and card accommodations and payment flexibility. On a daily basis, businesses have already started using these interfaces.
North America to Dominate the Market
North America is the largest segment of the market studied. The significant share of the region can be primarily attributed to the adoption of POS terminals across various industries, particularly retail, entertainment, and healthcare. There is a constant demand for POS terminals in countries, such as the United States and Canada, where this demand is attributed to the significant growth of retail outlets, casinos, restaurants, and booming tourism. The United States is a major segment in the global and North American POS terminal markets. For several years, various types of POS terminals are being used in outlets in the country, thus boosting the need for replacement with updated technologies. The emergence of POS terminals would go a long way in bolstering the regional market. The increased competiveness among the vendors and manufacturers is expected to bring about interesting growth prospects in the world of automation.
The key players in the market include: Cisco Systems Inc., Toshiba Corporation, VeriFone System Inc., Samsung Electronics Inc., MICROS Systems Inc., Hewlett Packard Enterprise, Ingenico SA, NEC Corporation, Panasonic Corporation, PAX Technology and Dell Inc.
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The global Point of Sale (POS) Terminal market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Point of Sale (POS) Terminal Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
Key Developments in the Point of Sale (POS) Terminal Market:
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This Point of Sale (POS) Terminal Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Point of Sale (POS) Terminal? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Point of Sale (POS) Terminal Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Point of Sale (POS) Terminal Market? What Was Capacity, Production Value, Cost and PROFIT of Point of Sale (POS) Terminal Market?
- What Is Current Market Status of Point of Sale (POS) Terminal Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Point of Sale (POS) Terminal Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Point of Sale (POS) Terminal Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Point of Sale (POS) Terminal Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Point of Sale (POS) Terminal Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Point of Sale (POS) Terminal Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Point of Sale (POS) Terminal Industry?
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Finally, the report Global Point of Sale (POS) Terminal Market 2020 describes the Point of Sale (POS) Terminal industry expansion game plan, the Point of Sale (POS) Terminal industry knowledge supply, appendix, analysis findings, and the conclusion.
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