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(Transportation-News.com, May 27, 2017 ) Global POS Terminal Market is Likely to Grow at a CAGR Of 12.53% during the Forecast Period 2016–2022
Report Insights
The report considers the present scenario of the global POS market and its strategic assessment for the period 2017–2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
The report provides a detailed analysis of the POS market key segments by format type, end-users, geography, country, and vendors. It provides a comprehensive analysis of market size and forecast in terms of the following:
Revenue
Shipment
For more information about this report: http://www.reportsweb.com/global-pos-terminal-market-strategic-assessment-and-forecast-2017-2022
By Product Type
• Based on Formats
Fixed terminals
Mobile terminals
• Based on Compliance
EMV
Non-EMV
• Based on NFC technology
NFC-ready
No NFC
By End-user
• Retail
• Supermarket and hypermarkets
• Specialty stores
• Gas stations
• Drug stores
• Others
• Restaurant
• Warehouse and distribution
• Entertainment
• Healthcare
• Hospitality
By Geography
• APAC
• EMEA (Europe, Middle East, and Africa),
• North America
• Latin America
POS Terminal Market – Market Size and Dynamics
Analysts at Publisher expect that the global POS terminal market is likely to grow at a CAGR of 12.53% during the forecast period 2016–2022. The demand for POS payment terminals is primarily supported by two key factors: Increase in per capita GDP, which has led to change in lifestyles in emerging markets and a rapid increase in dual-income households in developed markets fuelling retail growth. The market is particularly well-developed and growing, with the presence of vendors such as Ingenico, Verifone, and PAX Global offering products to a diverse range of merchants. The demand from such merchants has also grown in countries such as the US, China, and India due to the booming retail market, as well as, a shift in unorganized markets to adopt POS systems in developing countries.
The fixed POS system constitutes the largest market share both in terms of revenue and unit shipment. However, mPOS is expected to grow at a rapid rate during 2016–2022, which is higher than the global CAGR during the same period.
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POS Terminal Market – Trends, Drivers, and Restraints
The report outlines the latest trends and factors that are expected to drive the market during the forecast period. Introduction of cloud-based point of sale systems is the latest trend in the market. A cloud-based system can be directly assessed from the web through the internet browsers and is compatible with the hardware such as printers and cash register drawers. The vendor has accessibility to the customer’s data at any geographical location through a Wi-Fi connection. Also, growing demand for tablet point of sale and increased merger and acquisition activities in the global POS market are among the major trends discussed in the report.
The usage of debit and credit cards is facilitated through POS terminals and ATMs present at various outlets such as the retail, drug, gas station, restaurant, and hospitality. Increased usage of debit and Credit cards and popularity of cashless transactions are going to drive the market during the forecast period. Further, the introduction of mobile payment system with loyalty programs and the emergence of EMV-compliant terminals are among the other factors that are going to boost the global market.
Further, the report provides a detailed study of expected challenges to the market. Stringent government regulations on the payment processing industry and the need for continual support and upgrades are restraints for the global POS market. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market.
POS Terminal Market – Geographical Analysis
The report includes the market analysis of different regions such as APAC, Europe, Latin America, MEA, and North America. It outlines the major market shareholders and analyzes the market size of all the leading regions. In 2016, APAC was the largest market for POS payment terminals, followed by Europe and Latin America. The demand was majorly concentrated in developing countries such as China and India. China is emerging as one of the largest POS markets in the world and offers a high growth potential for market growth during the forecast period. The market in North America is expected to witness a high demand for POS terminals because of their reliability, ease of installation, and convenience offers.
POS Terminal Market – Key Vendors and Market Share
The market has high growth potential. Vendors are increasingly indulging in distribution and forming conglomerates to cash on the opportunities. The profitability potential is driving vendors to invest in the market. The report profiles all major companies in the global baby diapers market and provides the competitive landscape and market shares of key players. It covers the entire market outlook regarding the value chain operating within the market.
Following are the Major Vendors in the POS terminal Market:
• Ingenico
• Verifone
• Fujian Newland Payment Technology
• PAX Global Technology
Other prominent vendors included in the report are BBPOS, SZZT Electronics, Nexgo, Dspread Technology, New POS Technology, Castles Technology, Bitel, Hangzhou Sunyard, Spire Payments, Centerm.
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