Dublin, Dec. 30, 2020 (GLOBE NEWSWIRE) -- The "Global Point-Of-Sale Terminals Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.
The Global Point-Of-Sale Terminals market is expected to reach $116.04 billion by 2026 growing at a CAGR of 8.5% during 2019 to 2026.
POS terminals include a broad application range such as inventory management, printing bills, loyalty programs, and payments. The enhanced POS systems provide higher reliability and durability which leads to a lowering in the cost of ownership thus, rising the demand for POS solutions in both medium and small-sized businesses comparison to the traditional system. In addition, the emergence of mobile POS (mPOS) terminals has confronted the ongoing payment and transaction techniques due to its enhanced features such as better user experience and mobility.
Factors such as rising demand for contactless and cashless payments, unification of in-store and online sales, employee and customer management, and the need to keep track of inventory are driving the market growth. Though, need for extensive government certifications, strict regulations, rising data security concerns, and unprecedented economic conditions are restraining the market. Growing demand for convenience features including invoice management, inventory management, and image scanner is creating opportunities for market.
Based on product, the wireless or mobile segment is anticipated to grow at the significant rate during the forecast period due to the ever-changing consumer expectations, rising debit/credit card payments, and sophisticated data analytics. Mobile POS systems are preferred over traditional systems mainly due to the features such as paper-free receipt services, enhanced security, free floor space, and reduced customer wait time. Furthermore, mobile applications have the ability to create new channels for revenue growth, owing to which, most of the vendors are adopting various marketing channels to compete in the market.
The key vendors mentioned are 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 among others Centerm Information Co., LTD, Diebold Nixdorf, Incorporated, Newland Payment Technology, and Oracle Corporation.
Products Covered:
- Wireless Or Mobile
- Fixed Or Wired
Components Covered:
- Software
- Hardware
- Services
Technologies Covered:
- Biometric
- Traditional
Deployments Covered:
- On Premise
- Cloud
Operating Systems Covered:
- Windows
- Linux
- Media Access Control Address (MAC)
Types Covered:
- Counter-Top
- Smart POS
- M-POS
- Integrated POS
Compliances Covered:
- Europay, Mastercard, and Visa (EMV)
- Non-EMV
NFC Technologies Covered:
- Near-Field Communication (NFC) Ready
- Non-NFC
Applications Covered:
- Retail
- Entertainment
- Government
- Warehouse/Distribution
- Hospitality
- Restaurants
- Transportation
- Healthcare
Regions Covered:
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
Key Questions Answered in this Report:
- How this market evolved since the year 2018
- Market size estimations, forecasts and CAGR for all the segments presented in the scope
- Key Market Developments and financials of the key players
- Opportunity Analysis for the new entrants
- SWOT Analysis of the key players
- Fastest growing markets analyzed during the forecast period
Companies Mentioned
- 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
- Centerm Information Co., LTD
- Diebold Nixdorf, Incorporated
- Newland Payment Technology
- Oracle Corporation
For more information about this report visit https://www.researchandmarkets.com/r/kpvqym
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