Global Point of Sale (POS) Payment Technologies Market, By Pos Solutions (Near-field Communication (NFC) payments, Sound-wave Based Payments, Magnetic Secure Transmission (MST) Payments), End User (Hospitality and Tourism Sector, BFSI, Media and Entertainment, Retail Sector, Education, IT and Telecom), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Point of Sale (POS) Payment Technologies Market Analysis and Insights
Point of sale (POS) payment technologies market size is valued at USD 35,691.58 million by 2028 is expected to grow at a compound annual growth rate of 16.90% in the forecast period of 2021 to 2028. Data Bridge Market Research report on point of sale (POS) payment technologies provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Payment technologies generally refer to a concept of making payments using portable electronic devices such as smartphone, tablet, MPOS machines and others. Also these payment technologies are used to make instant payments for goods and services.
The high adoption of smart applications and increasing mobile data usage across the globe has been directly influencing the growth of point of sale (POS) payment technologies market over the forecast period of 2021 to 2028. Also the high adoption of advanced technologies such as near field communication, wearable devices and mobile point-of-sale is also flourishing the growth of thepoint of sale (POS) payment technologies market. In addition, the rapid technological advancements as well as rapid enlargement in the payment solutions to provide enhanced payment service to the end users are also positively impacting the growth of the market. Furthermore, the rising government initiatives in supporting digital payments and also to promote a cashless economy as well as the growing digitalization and rapid urbanization are also largely lifting the growth of the point of sale (POS) payment technologies market.
However, the high risks associated to processing mobile payments with financial details of the owner as well as loss of critical data and growing security concerns are acting as the major limitations for the growth of point of sale (POS) payment technologies marketin the forecast period of 2021 to 2028, whereas the intimidation of increasing cyber attacks on digital payment solutions have the potential to challenge the growth of the point of sale (POS) payment technologies market.
Likewise, the increasing fiscal inclusion across the globe along with increasing government and private initiatives to promote digital transactions will further cater ample new opportunities that will lead to the growth of the point of sale (POS) payment technologies market in the above mentioned forecasted period.
This point of sale (POS) payment technologies market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on point of sale (POS) payment technologies market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Point of Sale (POS) Payment Technologies Market Scope and Market Size
Point of sale (POS) payment technologies market is segmented on the basis of pos solutions and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of pos solutions, the point of sale (POS) payment technologies market is segmented intonear-field communication (NFC) payments, sound-wave based payments and magnetic secure transmission (MST) payments.
- Point of sale (POS) payment technologies market is also segmented on the basis of end user intohospitality and tourism sector, BFSI, media and entertainment, retail sector, education and IT and telecom.
Point of sale (POS) Payment Technologies Market Country Level Analysis
Point of sale (POS) payment technologies market is analyzed and market size, volume information is provided by country,pos solutions and end user as referenced above.
The countries covered in the point of sale (POS) payment technologies market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the point of sale (POS) payment technologies market due to the high adoption of mobile phones as well as early acceptance of new technology and the advantages of safe and easy money transactions in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to rapid increase in population and the active online media in India as well as high growth of e-commerce industry in the region.
The country section of the point of sale (POS) payment technologies market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Point of Sale (POS) Payment Technologies Market Share Analysis
Point of sale (POS) payment technologies market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to point of sale (POS) payment technologies market.
The major players covered in the point of sale (POS) payment technologies market report are Mastercard, Econet Wireless Zimbabwe, Visa, Fortumo, American Express Company, Boku Inc., Airtel India, Stripe, PayPal, Microsoft,Vodacom, Google, PayU,Comviva,Novatti Group Pty Ltd,Paysafe Holdings UK Limited,Bank of America Corporation, Wirecard, First Data Corporation, Paytm, and Apple Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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