Global POS (point of sale system) Terminals Market, By Component (Hardware, Software, Services), Type (Fixed POS Terminals, Portable and Mobile POS), Application (Restaurant, Hospitality, Healthcare, Retail, Warehouse or Distribution, Entertainment, Others), and 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.
Market Analysis and Insights : Global POS (point of sale system) Terminals Market
The POS (point of sale system) terminals market is expected to witness market growth at a rate of 11. 05% in the forecast period of 2021 to 2028. Data Bridge Market Research report on POS (point of sale system) terminals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the use of smartphones is escalating the growth of POS (point of sale system) terminals market.
POS (point of sale system) terminals can be referred to as an electronic device which is used for the procedure card payments at the retail locations. The device follows the information of credit and debit cards of customers.
Major factors that are expected to boost the growth in the POS (point of sale system) terminals market in the forecast period are the rise in the usage in the warehouse management. Furthermore, the increase in the acceptance of real time analytics features is further anticipated to propel the growth of the POS (point of sale system) terminals market. Moreover, the rise in the investment in the healthcare facilities is further estimated to cushion the growth of the POS (point of sale system) terminals market. On the other hand, the increase in the concerning issues regarding the data security is further projected to impede the growth of the POS (point of sale system) terminals market in the timeline period.
In addition, the growing of the end-user industries, like restaurant, retail, and hospitality will further provide potential opportunities for the growth of the POS (point of sale system) terminals market in the coming years. However, the stringent rules and guidelines of the government might further challenge the growth of the POS (point of sale system) terminals market in the near future.
This POS (point of sale system) terminals market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 POS (point of sale system) terminals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
POS (point of sale system) Terminals Market Scope and Market Size
The POS (point of sale system) terminals market is segmented on the basis of component, type, and application. The growth among segments helps you analyse 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 component, the POS (point of sale system) terminals market is segmented into hardware, software, services.
- On the basis of type, the POS (point of sale system) terminals market is segmented into fixed POS terminals, portable and mobile POS.
- On the basis of application, the POS (point of sale system) terminals market is segmented into restaurant, hospitality, healthcare, retail, warehouse or distribution, entertainment, others.
POS (point of sale system) Terminals Market Country Level Analysis
The POS (point of sale system) terminals market is analysed and market size, volume information is provided by country, component, type, and application as referenced above.
The countries covered in the POS (point of sale system) terminals market report are the 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).
Asia-Pacific dominates the POS (point of sale system) terminals market due to the rise in the demand for POS terminals. Furthermore, the increase in the acceptance of digital payment technologies will further boost the growth of the POS (point of sale system) terminals market in the region during the forecast period. North America is projected to observe significant amount of growth in the POS (point of sale system) terminals market due to the rise in the number of payment technologies. Moreover, the government is supporting the acceptance of contactless payment systems in the wake of COVID-19 is further anticipated to propel the POS (point of sale system) terminals market in the region in the coming years.
The country section of the 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 POS (point of sale system) Terminals Share Analysis
The POS (point of sale system) terminals 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 POS (point of sale system) terminals market.
The major players covered in the POS (point of sale system) terminals market report are Cisco Systems, Inc., Apple Inc., Equinox Payments, HP Development Company, L.P., Ingenico Group, iVeri, Micros Retail Systems, Inc., Miura Systems Ltd., NCE Corporation, Panasonic Corporation of North America, PAX Technology, Samsung, Toshiba Tec Corporation, Vectron Systems SA, VeriFone, Diebold Nixdorf, Incorporated, Yoco Technologies (Pty) Ltd, Squirrel Systems, Castles Technology and Oracle 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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