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Global Point of Sale Terminals Market 2021 analysis with Key Players, Applications, Trends and Forecasts

Point of Sale Terminals

The report focuses on the favorable Global “Point of Sale Terminals market” and its expanding nature. The Point of Sale Terminals market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The point of sale terminal market was valued at USD 64.38 billion in 2018 and is expected to reach USD 151.72 billion by 2024, witnessing a CAGR of 16.21% during the forecast period of 2019-2024. With an increasing concentration of businesses and growing customer frequency, businesses are looking for technologies that streamline processes and integrate into a single contact point. Point-of-sale systems are the final contact point of businesses that are employed to handle checkouts and payments.
  • – Modern POS systems integrate multiple systems into a single terminal, to handle a range of operations, including billing, cash collection, card payments, printing, data analysis, etc. Innovations in technology have led to advancements in these systems, namely MPOS and automated POS systems, which completely automate the checkout processes.
  • – The POS market is driven by innovations leading to an increase in the adoption across various industries such as hospitality, entertainment, and restaurants. Manufacturers are investing in R&D to develop innovative solutions for the healthcare and retail industry, that will help increase profitability. For, instance, in may, 2018, Paytm plan to invest around USD 30 million for installing POS devices across one lakh retail outlets. This lead to drive the market and increases demand.
  • – Lower maintenance cost, accurate transaction and real-time inventory are key advantages of the POS systems. Moreover, increased in the smartphone is making the online transaction easier to use and with a wide range of services and offers it is attracting the more customer base.

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    Key Manufacturers

  • 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
  • PAX Technology
  • Dell Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Point of Sale Terminals market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Point of Sale Terminals market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Point of Sale Terminals market have also been involved in the study.

    Scope of the Report:

  • Point of sale is the time and location where a transaction is completed. A POS system is computer hardware and software, that manages the transaction during the sale of a product or a service. It helps to store, capture, share, and report data related to the sales transaction. It eases the shopping experience and helps to expedite the checkout process, resulting in customer satisfaction. Inventory management, stock in hand, availability of a product, and pricing information are major data that are acquired from the systems.

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    TOC of Point of Sale Terminals Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Point of Sale Terminals market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Point of Sale Terminals Market Report Covered:

    • The report analyses how Point of Sale Terminals market will grow in the future.
    • Analyzing various perspectives of the Point of Sale Terminals market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Point of Sale Terminals market shares and policies employed by the major market players.
    • Competitive landscape including the Point of Sale Terminals market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Point of Sale Terminals market players

    Key Market Trends:

    Ease of Use and Increased Efficiency Driving the Growth of Point of Sale Terminals Market

    – Point-of-sale systems have emerged as a reliable alternative to traditional cash registry systems. These systems give merchants multiple capabilities, such as tracking of sales, faster checkouts, easy forwarding of orders, monitoring the inventory, secure payments, etc.
    – These features enable merchants to increase productivity, and subsequently, sales. The new generation systems need minimal interaction from a technician to install the systems, as these devices with plug-and-play capabilities are being deployed with most of the pre-installed software components.
    – This eliminates the hassles of setting up the system for users and thus makes it easy for small and medium merchants to adopt these systems. Thus, the ease of use offered by the systems and increased efficiency are driving the growth of these systems across the globe.
    – Moreover, debit card, credit card, and e-wallet will completely change the dynamics of POS payment in the subsequent year replacing the cash payment at POS terminals. This is due to a surge in online payments, and growing adaption among people.

    North America to Dominate the Point of Sale Terminals Market

    – North America is the largest segment of the market studied. The significant share of the region can be primarily attributed to the adoption of POS terminals across various industries, particularly retail, entertainment, and healthcare.
    – The is a major segment in the global and North American POS terminal markets. For several years, various types of POS terminals are being used in outlets in the country, thus boosting the need for replacement with updated technologies.
    – The emergence of POS terminals would go a long way in bolstering the regional market. The increased competitiveness among the vendors and manufacturers is expected to bring about interesting growth prospects in the world of automation.
    – North America is coveted for its consumer spending power and will continue to present a highly competitive and lucrative market.

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    Study objectives of Point of Sale Terminals Market Report:

    • To provide a detailed analysis of the market structure along with the Point of Sale Terminals market forecast of various segments and sub-segments of the Point of Sale Terminals market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Point of Sale Terminals market trends that influence the global Point of Sale Terminals market

    Detailed TOC of Point of Sale Terminals Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Industry Attractiveness – Porter’s Five Force Analysis
    4.2.1 Bargaining Power of Suppliers
    4.2.2 Bargaining Power of Buyers/Consumers
    4.2.3 Threat of New Entrants
    4.2.4 Threat of Substitute Products
    4.2.5 Intensity of Competitive Rivalry
    4.3 Market Drivers
    4.3.1 Ease of Use and Increased Efficiency
    4.3.2 High Returns on Investments
    4.4 Market Restraints
    4.4.1 Rising Security Concerns
    4.5 Market Opportunities
    4.5.1 Growth of MPOS Systems in Developing Economies
    4.6 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Hardware
    5.1.2 Software
    5.1.3 Services
    5.2 By Type
    5.2.1 Fixed Point-of-sale Terminals
    5.2.2 Mobile Point-of-sale Terminals
    5.3 By Application
    5.3.1 Entertainment
    5.3.2 Hospitality
    5.3.3 Healthcare
    5.3.4 Retail
    5.3.5 Other Applications
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Cisco Systems Inc.
    6.1.2 Toshiba Corporation
    6.1.3 VeriFone System Inc. (Francisco Partners)
    6.1.4 Samsung Electronics Inc.
    6.1.5 MICROS Systems Inc. (Oracle)
    6.1.6 Hewlett Packard Enterprise
    6.1.7 Ingenico SA
    6.1.8 NEC Corporation
    6.1.9 Panasonic Corporation
    6.1.10 PAX Technology
    6.1.11 Dell Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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