The “Global Point of Sale (POS) Terminals Industry report categories the global Industry by Type, Component, Application and Geography” report provides a detailed overview of the major factors impacting the global Industry with the Industry share analysis and revenues of various sub segments.
Global Point of Sale (POS) Terminals Industry to 2025 - Global Analysis and Forecasts by Type, by Component and Application
The point of sale (POS) is where the transaction is completed, and the time of making the payment by the customer to the merchant for the goods purchased or the service taken. At this point, the merchant prepares an invoice or calculates the amount to be paid by the customer and give options to make payment. After the payment is received, a receipt for the transaction is issued by the merchant. POS terminals includes broad application range such as inventory management, printing bills, loyalty programs, and payments. As a result of the enhanced return on investment (ROI) offered by POS systems the Industry for POS terminals has picked up rapid adoption in the recent years.
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In comparison to the traditional system, the enhanced POS systems provides higher durability and reliability which leads to decrease in the cost of ownership thus, increasing the demand for POS solutions in both medium and small sized businesses. The emergence of mobile POS (mPOS) terminals has challenged the ongoing payment and transaction techniques due to its enhanced features such as better user experience and mobility.
With the use of mPOS, the financial transactions can be conducted at the customer place, which in turn improves customer experience. Moreover, the initial cost of mPOS is low as compared to traditional fixed POS systems creating a demand in medium and small sized businesses. Retail and hospitality sector are experiencing rapid progress in demand for mPOS solutions due to enhanced ROI and augmented demand for customer analytics features.
With the advancement in technology, the Industry for mPOS and wireless terminals has increased significantly. As these systems provide many essential advantages such as ease to use, lesser cost of deployment and mobility. Furthermore, the usage smartphones and tablets too has increased in offices, therefore, opting for mPOS is more economical than fixed POS terminals. The reasonable price for wireless communication technologies and taking of TCP/IP connectivity empowered terminals are features favorable to mPOS terminals growth.
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North America dominates the POS terminals Industry followed by APAC. Asia Pacific is expected to witness high growth due to increased small and medium businesses and decrease in cost of ownership. Existence of huge software base in China and India can lead to positively influence the software segment due to propagation in the retail stores.
Segmentations Covered in the Point of Sale (POS) Terminals Market
• Components: POS Software, POS Hardware, POS Services
• Application : Retail, Entertainment, Government, Warehouse/Distribution, Hospitality, Restaurants, Transportation
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Point of Sale (POS) Terminals Market Report
• Panasonic Corporation
• Ingenico S.A.
• MICROS Systems Inc.
• VeriFone Systems Inc.
• NEC Corporation
• Hewlett-Packard Development Company LP
• PAX Technology Limited
• Cisco Systems Inc.
• Toshiba Corporation
• Samsung Electronics Co. Ltd
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Reason to buy
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the Point of Sale (POS) Terminals market, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this Industry use to drive revenue
• Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the market, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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