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Point-Of-Sale (POS) Terminals Market By Type (Fixed POS Terminals And Wireless And Mobile POS), By Component (Hardware And Software) For Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment And Others - Global Industry Analysis, Size, Share, Growth, Trends, And Forecast, 2020 – 2028

Published Date: 26-Jun-2021 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-742 Status : Published

The global Point-Of-Sale (POS) Terminal’s market accounted for USD 80.8 Billion in 2020 and is expected to reach USD 155.6 Billion by 2028, growing at a CAGR of 8.2% from 2021 to 2028.

Description

Market Overview   

The global Point-Of-Sale (POS) Terminal’s market accounted for USD 80.8 Billion in 2020 and is expected to reach USD 155.6 Billion by 2028, growing at a CAGR of 8.2% from 2021 to 2028.  

Point of Sale (POS) terminals is a hardware and software combined machine that permits easier transactions for merchants and customers. These POS terminals are equipment that performs sales transactions and card payment processing. They are generally utilized in business operations and are combined with computer terminals to accomplish daily operations. The terminals are used for a variety of functions like customer analysis, financial transaction management, and inventory management, among others.

Increasing government initiatives toward promoting a cashless economy are likely to impact the market expansion. For instance, the Singapore government’s Smart Nation initiative aims at achieving a cashless economy and promoting mobile payments. The Monetary Authority of Singapore has been working toward the development of a Unified Point-of-Sale (UPOS) terminal, allowing a merchant to simply accept cashless payments including contactless or mobile payments. Similarly, the Digital India program of the Indian government aims to rework India into a cashless and digitally empowered economy.    

Toshiba Corporation, Hewlett-Packard Company, Samsung company Ltd, and VeriFone Systems Incorporation are a number of the key vendors of point of sale terminals across the planet. These players across the point of sale (POS) terminals market are focusing aggressively on innovation, also as on including advanced technologies in their existing products. Over the approaching years, they're also expected to require up partnerships and mergers & acquisitions as their key strategy for business development states the purpose of sale (POS) terminals market study.

COVID-19 Impact Analysis:

The ongoing COVID-19 pandemic undesirably impacted the POS terminal's market share in 2020. The closure of producing facilities of component and staple suppliers caused supply chain disruptions for players operating within the POS market. Also, increased usage of Google and Apple Pay claims led to a reduced need for a payment terminal to conduct the payment transaction.

Growth Factors

The thriving e-commerce sector and growing trend among the end-users to travel for cashless online financial transactions are projected to get more demand for point of sale terminals over the approaching years. Apart from this, mounting product preferences across myriad sectors like healthcare, manufacturing, retail, government, and warehouse are anticipated to reinforce the purpose of sale (POS) terminals market scope over the years to return. Increasing security concerns and low product awareness among the tiny businesses can destructively influence the point of sale (POS) terminals market development within the years ahead.

Report Scope:

Segment Analysis Preview

The point-of-sale terminal market is segmented based on the product, region, component, and application. Based on the application, the retail segment is poised to watch high growth during the forecast timeframe. The necessity for a robust and centralized payment system has accelerated the adoption of multiple POS terminals among large retail chains, departmental stores, and supermarkets. These terminals enable retailers to access their stores remotely and continue payment operations within the absence of supervision. The increased specialization in improving the consumer shopping experience has also driven the usage of POS terminals among retailers. POS terminals provide retailers the power to raised manage their inventory and understand the sales performance that draws customers.

Based on product, the fixed product segment dominated the market and accounted for more than 60% of the worldwide revenue share in 2020. Fixed POS terminals are preferred mainly by large-scale vendors thanks to high procurement and installation costs, which have currently contributed to the market growth.  The mPOS segment is predicted to expand at the fastest CAGR from 2021 to 2028. These terminals allow simple payments during busy hours, avoiding loss of sales thanks to delays, and helps in improving customer satisfaction.

By component, the POS system hardware and software are improved and upgraded over years to make sure secure transaction and portability. POS providers have increased investments in end-to-end encryption technology to secure payment gateways that might build customer trust and help in impelling the merchandise demand. Additionally, multifunctional software integrated with a POS system would offer safe payment, customer data analysis, and employee information storage facility to the end-user. The merchandise demand is additionally boosted by its capability to act as a strong employee management tool to watch employee performance and create a contented workforce.

Based on region, North America has been leading the worldwide point of sale (POS) terminals market and is anticipated to continue in the dominant position in the years to come, states the point of sale (POS) terminals market study. The rising demand for the product in retail and entertainment sectors along with the rise in adoption of this payment technology in the region is the main factor behind the dominance of the North America point of sale (POS) terminals market.

Key Market Players & Competitive Landscape

Some of the 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 global Point-Of-Sale (POS) Terminal’s market is segmented as follows:   

By Product

  • Fixed POS Terminal
  • Wireless and Mobile POS Terminal

By Component

  • Hardware
  • Software

By Application

  • Retail
  • Hospitality
  • Healthcare
  • Warehouse
  • Entertainment
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By Component
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Point-Of-Sale (POS) Terminals Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Point-Of-Sale (POS) Terminals Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Fixed POS Terminal
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Wireless and Mobile POS Terminal
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Point-Of-Sale (POS) Terminals Market – Environment Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Component, 2020 & 2028
    • 5.2. Hardware
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Software
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 Point-Of-Sale (POS) Terminals Market – Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Retail
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. Hospitality
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Healthcare
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.5. Entertainment
      • 6.5.1. Market Size and Forecast, By Region (USD Billion)
      • 6.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.6. Warehouse
      • 6.6.1. Market Size and Forecast, By Region (USD Billion)
      • 6.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.7. Others
      • 6.7.1. Market Size and Forecast, By Region (USD Billion)
      • 6.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.7.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 Point-Of-Sale (POS) Terminals Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Component, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Component, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Component, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Component, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Component, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Component, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Component, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Component, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Component, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Component, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Component, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Component, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Component, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Component, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Component, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Component, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Component, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Component, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Component, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Component, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Component, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Component, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Component, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Component, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Component, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 Point-Of-Sale (POS) Terminals Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technulogy Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Point-Of-Sale (POS) Terminals Market: Company Market Share, 2019
      • 9.1.2. Global Point-Of-Sale (POS) Terminals Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Point-Of-Sale (POS) Terminals Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Point-Of-Sale (POS) Terminals Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Cisco Systems Inc.
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Product Portfulio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. MICROS Systems Inc
    • 10.3. Hewlett-Packard Company
    • 10.4. Panasonic Corporation
    • 10.5 Toshiba Corporation
    • 10.6 PAX Technulogy Limited
    • 10.7 Samsung Electronics Co., Ltd.
    • 10.8 NEC Corporation
    • 10.9 VeriFone Systems Inc,
    • 10.10 Analog Devices Inc
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodulogy
    • 12.1. Research Methodulogy
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Methodology

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:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

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:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

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:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

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.

Global--Point-of-Sale-(POS)-Terminal-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.


Frequently Asked Questions

The global Point-Of-Sale (POS) Terminals market was valued at USD 80.8 Billion in 2020.

The global Point-Of-Sale (POS) Terminals market is expected to reach USD 155.6 Billion by 2028, growing at a CAGR of 8.2% between 2021 to 2028.

Some of the key factors driving the global Point-Of-Sale (POS) Terminals market growth are Increasing demand for cashless and contactless payments and the need for employee and customer management, inventory tracking, and online & in-store sale unification have boosted product adoption.

Regionally, North America has been leading the worldwide point of sale (POS) terminals market and is anticipated to continue in the dominant position in the years to come, states the point of sale (POS) terminals market study.

Some of the major companies operating in the Point-Of-Sale (POS) Terminals market are 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

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