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
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Point of Sale Terminal Market Report- Forecast 2023 Point of Sale Terminal Market Report-Forecast 2023 P a g e | 1 Copyright © 2017 Market Research Future.
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Point of Sale Terminal Market Report- Forecast 2023 Summary With many countries around the world going digital and the percentage of cashless transactions rising, Point of Sale (POS) terminal is set to becoming a growing market. Retail outlets use POS to receive card payments without any use of their cash registers to read cards directly. Being a broad concept, POS involves displays and devices engaging in online transactions with the help of barcode scanners, cash register, and computers. Wireless POS terminal is portable. It is used in hotels & hospitality, retail outlets as well as by small vendors. Via 3G technology, POS terminal can connect to the network for online transactions. Today, the use of Europay, MasterCard, and Visa (EMV) debit and credit cards for payments in restaurants is increasing in various countries. Mobile POS (mobile devices equipped with POS terminal software) allow businesses to re-engineer their operations regarding engagement with customers, helping them in new ways. Going beyond accepting payments via mobile devices synchronized with secure card reader devices, the advanced POS today utilize tablet based services to allow providing information on offers, demonstrations of products, permit deliveries scheduling, and enabling application forms to be filled in, apart from accepting payments. For Mobile POS, moving beyond small business environment means customization of software to suit the requirements of the new business. Software customization is the new trend now, and norm of “one size fits all” is now fading away. P a g e | 3 Copyright © 2017 Market Research Future.
Point of Sale Terminal Market Report- Forecast 2023 Major Key Players: The key players in point of sales (POS) terminal market include are Castles Technology (Taiwan), Cisco Systems (USA), BBPOS (Hong Kong), CITIXSYS AMERICAS (USA), Diebold Nixdorf (USA), Elavon (USA), HP Company (USA), Ingenico S.A. (France), NCR Corporation (USA), Newland Payment Technology (China), Panasonic Corporation (Japan), PAX Technology (Hong Kong), Squirrel Systems (Canada), Touchbistro (Canada), Verifone Systems (USA) and Zebra Technologies (USA). P a g e | 4 Copyright © 2017 Market Research Future.
Point of Sale Terminal Market 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 Report- Forecast 2023 Regional Analysis: Geographically, the Wireless POS Terminal market are categorized into four different regions such as North America, Asia Pacific, Europe and the Rest of the World. North America is expected to be a prominent region in the wireless POS terminal market over the forecast period. The U.S. and Canada are the leading countries in the region attributed to the rising enhancement in payment industry associated increase in solution providers specifically concentrated on customized or business-specific solutions. In the light of these factors, the Wireless POS Terminal market is anticipated to be driven over the review period 2017-2023. Owing to, rising awareness for online transaction particularly in retail and e-commerce sector, Asia Pacific region is expected to be the fastest growing region in wireless POS terminal market over the forecast period 2017-2023. Additonally, India is expected to be the fastest growing economy for the wireless POS terminal attributed to post demonetization effects. P a g e | 6 Copyright © 2017 Market Research Future.
Point of Sale Terminal Market Report- Forecast 2023 q (Germany) are focusing on the digital utilities transformation. P a g e | 7 Copyright © 2017 Market Research Future.