Global Point Of Sale (Pos) Terminal Market Research Report, By Component (Hardware, Software, and Services), By Product Type (Fixed And Wireless), By Deployment (On-Cloud And On-Premises), And By End-User - Forecast Till 2023
Point Of Sale Terminal Market Research Report- Forecast 2023 Point Of Sale Terminal Market Research Report- Forecast 2023 P a g e | 1 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 VIEW REPORTS SAMPLE REPORTS P a g e | 2 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 Summary The Point of Sale (POS) system is operated through POS software, which should also be compatible with the hardware used in the system. The POS software is developed with respect to specific industry verticals, which would facilitate to serve and record a huge amount of online transaction information. In retail, Point Of Sale Market software facilitates the data to provide scalability with respect to identifying the products of different date ranges or units. The POS system is also integrated with inventory management system in the process to manage the proper availability of the products. In general, POS terminal offers flexibility, reliability, and more importantly transparency for smooth running of the business operation. However, most of POS systems are developed on generic operating systems such as Windows Embedded, Windows XP, and UNIX operating systems. These operating systems are vulnerable to cyber-attacks, which eventually lead to large-scale data breaches. Thus, lack of point to point encryption is considered to be a major challenge for the POS terminal market over the forecast period. Moreover, the surging demand for contactless payments, associated with an increase in adoption of NFC devices in the commercial and industrial sector is expected to drive the POS terminal market. Additionally, the evolution of chip-based payment solution and personal identification number (PIN) is presumed to lower security threats that result in driving the demand for POS terminal market over the forecast period. P a g e | 3 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 Major Key Players: Market Research Future identifies some of the key players of POS Terminal market are Ingenico S.A. (France), Verifone Systems (U.S.), PAX Technology (Hong Kong), HP Company (U.S), Cisco Systems (U.S), Elavon (U.S.), Castles Technology (Taiwan), Newland Payment Technology (China), Panasonic Corporation (Japan), CITIXSYS AMERICAS (U.S.). Touchbistro (Canada), NCR Corporation (U.S.), Diebold Nixdorf (U.S.), Zebra Technologies (U.S.), Squirrel Systems (Canada), and BBPOS (Hong Kong). P a g e | 4 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 Segmentation: The POS terminal market is differentiated by component, product type, deployment, and end-user. By component, the POS terminal market is sub-segmented as hardware, software, and services. Based on hardware, the market is categorized as mobile devices such as tablets and smartphones synchronized with a debit/credit card reader, cash drawers, monitors, and others. Based on services, the segment is categorized as professional services and managed services. On the basis of deployment, the market is segmented as on-premises and on-cloud. Furthermore, by the product, the POS terminal is classified as fixed terminal and wireless POS terminal. Based on end-user, the market is classified as retail, warehouse, healthcare, restaurants, hospitality, entertainment, and others. P a g e | 5 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 Regional Analysis: Regionally, North America holds majority of the market share for the global level transmitter market. The presence of major market players, large customer base, industrial automation, and industry 4.0 in the region are primarily driving the growth of the market in the region. Asia pacific has exhibited a significant growth rate during the forecast period. Many of the oil and chemical plants are employing level transmitters in their refining processes, which are driving the market growth in the region, and is expected to continue in the coming years. The industrial revolution, research, and development activities by key players in the region to generate cost effective product portfolio are boosting the market growth. P a g e | 6 Copyright © 2017 Market Research Future.
Point Of Sale Terminal Market Research Report- Forecast 2023 (Germany) are focusing on the digital utilities transformation. P a g e | 7 Copyright © 2017 Market Research Future.