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Point-of-Sale Terminals Market – A Comprehensive Study, SWOT Analysis With Key Players: Ingenico Group; NCR Corporation; VeriFone Systems Inc.; PAX Technology Corp | Grand View research, Inc.

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Point-of-Sale Terminals Market – A Comprehensive Study, SWOT Analysis With Key Players: Ingenico Group; NCR Corporation; VeriFone Systems Inc.; PAX Technology Corp | Grand View research, Inc.

March 25
08:35 2020
Point-of-Sale Terminals Market – A Comprehensive Study, SWOT Analysis With Key Players: Ingenico Group; NCR Corporation; VeriFone Systems Inc.; PAX Technology Corp | Grand View research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Point-of-Sale Terminals Market Size, Share & Trends Analysis Report By Product (Fixed, Mobile), By Component, By Deployment (Cloud, On-Premise), By Application, And Segment Forecasts, 2020 – 2027

The global POS terminal market size is expected to reach USD 125.9 billion by 2027, registering a CAGR of 7.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising demand for Customer Relationship Management (CRM), reporting, payment processing features along with understanding customer purchase patterns is anticipated to drive the growth. Furthermore, the decline in the trend of carrying cash for shopping coupled with growing digitalization in the payment industry is anticipated to boost the adoption of point-of-sale terminals.

Large businesses are using POS systems to gain consumer insights, which are then applied to develop discount schemes and personalized marketing. This helps attract more customers and boost sales. Small and medium businesses have also realized the benefit of deploying these systems on their premises. Industries such as retail, hospitality, and restaurants are the highest adopters of POS systems for everyday transactions at their facilities.

The market for fixed POS terminal has been affected by the introduction of mobile POS systems. The mobile segment is anticipated to expand at the fastest CAGR over the forecast period and is projected to reach over USD 68.3 billion by 2027. The demand for mobile POS terminal is rising rapidly in developed countries owing to its user-friendly, cost-effective, and convenience features. Moreover, they allow omnichannel assistance for scenarios, such as Buy Online, Pick-up in Store (BOPIS), online purchase, and home deliveries from the store, which is expected to boost market growth over the forecast period.

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U.S. POS terminal market size, by component, 2016 - 2027 (USD Billion)


Further key findings from the report suggest
:

  • The global POS terminal market accounted for USD 69.0 billion in 2019 and is expected to expand at a CAGR of 7.5% from 2020 to 2027
  • Mobile product segment was valued at USD 25.1 million in 2019 and is anticipated to register the fastest CAGR of 12.8% from 2020 to 2027
  • Healthcare segment will witness the fastest CAGR of 9.8% during the forecast period
  • Asia Pacific is expected to expand at the fastest CAGR from 2019 to 2027. Rising demand in retail stores in China, India, and Japan is one of the key factors driving the growth. Moreover, booming fine dining and other forms of restaurants in food service sector in major cities is anticipated to further fuel the growth
  • Key market players include Ingenico Group; NCR Corporation; VeriFone Systems Inc.; PAX Technology Corp.; Fujian Newland Payment Technology Co. Ltd.; Revel System Inc.; Oracle Corporation; and ShopKeep


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Global POS terminal market share, by deployment, 2019 (%)


Key Topic Covered

Chapter 1 Methodology and Scope
                    1.1 Research Methodology
                    1.2. Research Scope and Assumptions
                    1.3. List of Secondary Sources
                    1.4. List of Primary Sources
Chapter 2 Executive Summary
                    2.1. Market Outlook
                    2.2. Segment Outlook
Chapter 3 Market Definitions
                    3.1 Market Segmentation
Chapter 4 Industry Outlook
                    4.1 Market Snapshot
                    4.2 Global POS Terminal market
                    4.3 Product Segment Trends
                        4.3.1 Global POS terminal market, by product, 2016 – 2027 (USD million)
                    4.4 Component Segment Trends
                        4.4.1 Global POS terminal market, by component, 2016 – 2027 (USD million)
                    4.5 Deployment Segment Trends
                        4.5.1 Global POS terminal market, by deployment, 2016 – 2027 (USD million)
                    4.6 Application Trends
                        4.6.1 Global POS terminal market, by application, 2016 – 2027 (USD million)
                    4.7 Regional Segment Trends
                        4.7.1 Global POS terminal market, by region, 2016 – 2027 (USD million)
                    4.8 Market Variable Analysis
                        4.8.1 Market Driver Analysis
                            4.8.1.1 Increasing demand for mobile POS terminals
                            4.8.1.2 Surge in demand for affordable wireless communication technologies
                            4.8.1.3 Increased demand from the end-use industries
                        4.8.2 Market restraints Analysis
                            4.8.2.1 Lack of Standardization
                            4.8.2.2 Data Security Concerns
                    4.9 Value Chain Analysis
                    4.10 Vendor landscape
                        4.10.1 Mobile Based Software Landscape:
                        4.10.2 Advanced POS Systems:
                        4.10.3 Modes of Payment:
                            4.10.3.1 NFC POS
                            4.10.3.2 SMS/USSD-based mobile payments
                            4.10.3.3 Direct carrier billing
                            4.10.3.4 Mobile web payments
                    4.11 Technology Overview
                        4.11.1 Technology Timeline
                    4.12 POS Terminal Market: PEST Analysis
                    4.13 POS Terminal Market: Porters Analysis
                    4.14 Penetration & Growth Prospects Mapping
                    4.15 Major Deals & Strategic Alliances Analysis
                    4.16 POS Terminal: Competitive analysis
                        4.16.1 POS Terminal: Competitive Ranking
                        4.16.2 Regional Market Ranking Analysis: North America
                        4.16.3 Regional Market Ranking Analysis: Europe
                        4.16.4 Regional Market Ranking Analysis: Asia Pacific
                        4.16.5 Regional Market Ranking Analysis: ROW (Rest of the world)
                        4.16.6 POS Terminal – Product Positioning Matrix
                        4.16.7 POS Terminal – Heat map analysis

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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