Skip to main content

Global Point of Sale Terminals Market (POS) to reach US$118.23 Bn by 2026.

Global Point of Sale Terminals Market (POS) by Product (Fixed, Mobile) –by Component (Hardware, Software, Services) –by Deployment (Cloud, On-premise) –by Service (Managed Services, Repair and Maintenance Services, Professional Services) –by Application (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Others) –By Region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) – is expected to reach US$ 118.23 Bn by 2026, at a CAGR of 11.8%.
The key factors driving the Global Point of Sale Terminals Market (POS) growth are increase in cashless transaction across countries, increase in e-commerce transaction, increased adoption of wireless POS terminals by retailers, and rising adoption of wireless technology in mobile handsets and wearable and mobile handsets. However, need for extensive government certifications, strict regulations, and increasing data security concerns are anticipated to act as restraints to market growth.
Global Point of Sale Terminals Market (POS) has some opportunities such as reduced cost and increased reliability of wireless technology and increased adoption of dual-interface chip technology and increased application support by HCE (Host Card Emulation) and NFC (Near-Field Communication) that can help to increase the market growth. Also, some challenges faced by the market are low rate adoption of wireless POS terminals, low consumer awareness regarding wireless POS technology and lack of standardization.
Fixed POS emerged as the largest product segment in 2017
In terms of product, fixed terminals are traditional PC/ monitor POS systems installed on counters or reception areas. These systems are complex in nature, need continuous power supply, and high maintenance costs are involved. Mobile applications have the ability to create new channels for revenue growth.
The services segment is expected to register the fastest growth among other POS terminal components
Based on component, the services segment is expected to register the fastest growth among other POS terminal components owing to rising security threats to financial and personal data. Penetration of these systems in developing countries is also driving segment growth.
On-premise deployment accounted for the largest market share in 2017
On the basis of deployment, On-premise deployment accounted for the largest market share in 2017. On-premise deployment comprises manual installation at the customer’s place, which includes electrical work, cabling and cabling permits, and hardware and software installation. Cloud-based POS deployment involves installation of Software as a Service (SaaS)-based software in retailers’ existing personal computers.
North America is leading the point of sale (POS) terminals market
In terms of region, North America is leading the point of sale (POS) terminals market and is expected to continue on the dominant position in the upcoming years. The increasing demand for the product in retail and entertainment sectors along with rise in adoption of this payment technology in the region is the major factor behind the dominance of the North America point of sale (POS) terminals market.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Ingenico S.A., Verifone Systems, PAX Technology, HP Company, Cisco Systems, Panasonic Corporation, Toshiba Corporation, Samsung Electronics, and MICROS Systems.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Global Point of Sale Terminals Market (POS). Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Point of Sale Terminals Market (POS). The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Point of Sale Terminals Market (POS) positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Point of Sale Terminals Market (POS)”
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607065656
Labels:

Comments

Post a Comment

Popular posts from this blog

Global IoT Gateway Market – Industry Analysis and Forecast (2018-2026)

Global IoT Gateway Market was valued US$ 11.5 Bn in 2017 and is expected to reach US$ 85 Bn by 2026, at a CAGR of 28.41 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global IoT gateway market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global IoT gateway market. DOWNLOAD FREE SAMPLE REPORT:...
11 comments
Read more

High Bay Lighting Market – Industry Analysis and Forecast (2018-2026)

Global High Bay Lighting Market was valued US$ XX Mn in 2017 and is expected to reach US$ XX Mn by 2026 at a CAGR of XX % during the forecast period. The key market drivers include increasing penetration of LEDs owing to their low costs, high durability of LEDs, and low energy consumption. The energy saving capability of such devices results in minimizing the electricity bills. The energy deficient nations are going for a demand-side management program to optimize their energy efficiency. Hence, usage of such lights in commercial and industrial appliances helps significantly to achieve demand-side management. Financial benefits such as low operational costs of such devices and short payback period tend to drive up the demand for high bay lights. The advancement in technology of such lights by incorporating networked communications, sensors, and several others enhance their reduction in energy consumption and functionality. In addition, using such lights ensures safety in a hazar...
Post a Comment
Read more

Global IT Asset Management Software Market to Reach US$ 14.33 Mn by 2026.

Global IT Asset Management Software Market  is segmented into enterprise size (SME, Large Enterprise), deployment type (On Premise, Cloud, and Hybrid), end use (BFSI, Telecom and IT, Government, Healthcare, Transportation, Manufacturing, Energy and Utilities, Others), and geography (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa)i s Expected to Reach US$ 14.33 Mn by 2026. IT asset management software was initially preferred by large enterprises for the maintenance and reduced risks associated with IT agreement and licensing management. Over time, these solutions are gaining recognition among SMEs across the globe as an operative solution to balance expenditure with return on investments. Production of smart device usage and the increasing trend of bring-your-own-device (BYOD) in various leading telecom and IT companies have significantly influenced the IT asset management software market. Software which are being used to monitor the IT assets...
Post a Comment
Read more