Global Point of Sale Terminals Market (POS) was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a CAGR of XX % during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
The key factors driving the point-of-sale (POS) terminals market growth are the increase in cashless transaction, increase in an 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. Point-of-sale (POS) terminals market 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.
However, the need for extensive government certifications, strict regulations, and increasing data security concerns are anticipated to act as restraints to 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.
The global point-of-sale (POS) terminals market based on product, component, deployment, service, application, and region. In terms of product, the point-of-sale (POS) terminals market is categorized into fixed and mobile. Based on a component, the point-of-sale (POS) terminals market is segregated into hardware, software, and services.
On the basis of deployment, the point-of-sale (POS) terminals market is divided into the cloud and on-premise. By service, the point-of-sale (POS) terminals market is classified into managed services, repair and maintenance services, and professional services. Based on application, the point-of-sale (POS) terminals market is segregated into restaurants, hospitality, healthcare, retail, warehouse, entertainment, others. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
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 the continuous power supply, and high maintenance costs are involved. Mobile applications have the ability to create new channels for revenue growth.
Based on a 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 the basis of deployment, On-premise deployment accounted for the XX % market share in 2018. 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 the installation of Software as a Service (SaaS)-based software in retailers’ existing personal computers.
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 rising 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.
Some of the key players in the global point-of-sale (POS) terminals market are Ingenico S.A., Verifone Systems, PAX Technology, HP Company, Cisco Systems, Panasonic Corporation, Toshiba Corporation, Samsung Electronics, and MICROS Systems.
The objective of the report is to present comprehensive analysis of Global Point of Sale Terminals Market (POS) including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Global Point of Sale Terminals Market (POS) dynamics, structure by analyzing the market segments, and project the Global Point of Sale Terminals Market (POS) size. Clear representation of competitive analysis of key players by Global Point of Sale Terminals Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Point of Sale Terminals Market (POS) make the report investor’s guide.
Scope of the Global Point of Sale Terminals Market (POS)
Global Point of Sale Terminals Market (POS) by Product
Global Point of Sale Terminals Market (POS) by Component
Global Point of Sale Terminals Market (POS) by Deployment
Global Point of Sale Terminals Market (POS) by Service
• Managed Services
• Repair and Maintenance Services
• Professional Services
Global Point of Sale Terminals Market (POS) by Application
Global Point of Sale Terminals Market (POS) by Geography
• North America
• Middle East & Africa
• Latin America
Key Players operating in Global Point of Sale Terminals Market (POS)
• Ingenico S.A.
• Verifone Systems
• PAX Technology
• HP Company
• Cisco Systems
• Panasonic Corporation
• Toshiba Corporation
• Samsung Electronics
• MICROS Systems
• Hewlett Packard Enterprise
• NEC Corporation
• Dell Inc.
• BBPOS International Limited
• Bitel Corporation
• Castles Technology
• Squirrel Systems
For More Information Visit @: https://www.maximizemarketresearch.com/market-report/global-point-of-sale-terminals-market/20696/
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.