Point Of Sale (Pos) Terminal Market Size And Forecast
Report Highlights
Point Of Sale (Pos) Terminal Market Size And Forecast
According to Verified Market Research, The Global Point of Sale (POS) Terminal Market was valued at USD 65.57 Billion in 2018 and is projected to reach USD 122.8 Billion by 2026, growing at a CAGR of 8.2% from 2019 to 2026.
The latest survey on Global Point Of Sale Terminal Market is conducted covering various organizations of the industry from different geographies to come up with a 100+ page report. The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition are facing along with gap analysis and new opportunity available and trend in Point Of Sale Terminal Market. The report bridges the historical data from 2013 to 2018 and forecasted till 2026. The report aims to present the analysis of Global Point Of Sale Terminal Market By Configuration, By Node Size, By Technology, By Vertical, By Region – North America, Europe, South America, Asia-Pacific, Middle East, and Africa. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities.
What is Point of Sale (POS) Terminal?
Point of sale is a retail transaction used to process card payments at retail locations. It is also defined as a terminal or a point of purchase where in retail transaction is completed. At the point of sale, the information regarding the customer’s credit card and debit card is been read. The merchant calculates the amount owned by the customer, displays that amount, prepares an invoice for the customer and displays the options for the customer to make payment.
Global Point of Sale (POS) Terminal Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Owing to the rising demand for cost effective technologies so as to manage the inventories and payments in large end-user industries, including healthcare, retail, hospitality, and warehouse and distribution, the demand for POS terminal market is enhancing. Moreover, growing need for user-friendly, secure, and convenient payments in diverse application segments, rising adoption of POS terminals in the hospitality and retail sector, rising need for advanced software in order to prevent frauds, high returns on investments, and ease of use are some of the key factors boosting the market growth. However, rising security concerns is one of the challenging factors which may hinder the growth of this market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Point of Sale (POS) Terminal Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Point of Sale (POS) Terminal Market Competitive Landscape
The “Global Point of Sale (POS) Terminal Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Cisco Systems Inc.,Toshiba Corporation, VeriFone System Inc. (Francisco Partners), Samsung Electronics Inc.,MICROS Systems Inc. (Oracle), Hewlett Packard Enterprise, Ingenico SA, NEC Corporation, Panasonic Corporation and PAX Technology. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
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