Global Point-of-Sale (POS) terminals market is expected to reach USD 98.27 billion by 2022, growing at a CAGR of 13.5% between 2017 and 2022.
The point of sale terminal market report offers forecast and analysis for the market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2017to 2022 based on revenue (USD Billion). The study includes drivers and restraints for the point of sale terminal market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the point of sale terminal market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the point of sale terminal market has also been incorporated. The study covers market attractiveness analysis, where application and product segments are analyzed on the basis of their market size, growth rate, and attractiveness.
The study provides a decisive view on the point of sale terminal market by segmenting the market based on product, regional, component, and application. All the applications have been assessed depending on current and future trends and the market is analyzed for period 2016 to 2022. This report analyzes current and future demand of the point of sale terminal for different regions including North America, Latin America, Europe, Asia-Pacific and the Middle East and Africa.
The report covers through competitive viewpoint including company profiles of the key participants operating in the global market. Key players profiled in the report include Cisco Systems Inc., MICROS Systems Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., NEC Corporation, VeriFone Systems Inc, and others
The report segments global point-of-sale (POS) terminal market into:
Global Point-of-Sale (POS) Terminals Market: Product Segment Analysis
Global Point-of-sale (POS) Terminals Market: Component Segment Analysis
Global Point-of-Sale (POS) Terminals Market: Application Segment Analysis
Global Point-of-Sale (POS) Terminals Market: Regional Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Point-of-Sale (POS) Terminals market. Zion Research has collected and analyzed key data belong to the global Point-of-Sale (POS) Terminals market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Point-of-Sale (POS) Terminals across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Point-of-Sale (POS) Terminals industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Point-of-Sale (POS) Terminals market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
The point of sale (POS) terminal is a combination of hardware and software which allows retail locations to accept card payments without updating cash registers to read cards directly. It is an electronic device that is used to process card payment at any retail location. Installation cost of point of sale terminals depends on the size of the business. Small business merchants may have to pay rent for the terminal along with an additional fee on per transaction.
POS read information of customer’s credit and debit card then check whether sufficient fund is available in the account or not. After that transfer, the fund from customer’s account to seller’s account and then records the transaction and provides a print receipt. POS terminal offers various benefits such as simplification of the accounting process, easy to look up past transactions, the creation of purchase orders, old fashioned faster old-fashioned cash registers, It also helps to cut down on user errors. These different benefits offered by POS terminals are the key drivers of this market growth. Additionally, high adoption of POS terminal in many sectors such as retail, healthcare, warehouse/distribution, government, manufacturing, and others help to drive the point-of-sale terminal market. However, security concern associated with this technology can impact the growth of the market.
The point of sale terminals market is segmented on the basis of product, component, region and application. Product segment includes fixed POS terminal&wireless and mobile POSterminal. Wireless and mobile POS is dominating segment as it helps business to improve operational efficiency and increase revenue through faster order processing, improved order accuracy, increased productivity and more efficient customer checkout.Wireless and mobile POS terminal was followed by fixed POS terminal due to its maximum durability.
On the basis of component segment point of sale terminals market segmented as hardware and software. These are the key components which are used in the point-of-sale (POS) terminal. Due to increasing demand from retail businesses and hospitality the POS software segment is expected to reveal high growth over the forecast period.Application segments of the market include retail, hospitality, healthcare, warehouse, entertainment and others.
Key industry participants in global Point of sale terminals market include Cisco Systems, Inc., MICROS Systems, Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., NEC Corporation, and VeriFone Systems Inc.
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