The global Point-of-Sale Terminals market size is poised to reach USD 125.7 billion by 2027, registering a CAGR of 7.4% over the forecast period 2020 to 2027.
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.
The Point-of-Sale Terminals market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Point-of-Sale Terminals market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Point-of-Sale Terminals market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Point-of-Sale Terminals market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Point-of-Sale Terminals market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Point-of-Sale Terminals market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Point-of-Sale Terminals market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Point-of-Sale Terminals industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Point-of-Sale 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, global presence, production sites and facilities, production capacities, 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 Terminals market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Point-of-Sale Terminals market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Point-of-Sale Terminals market. These factors have benefited the growth of the global market for Point-of-Sale Terminals. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Point-of-Sale Terminals. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
Companies active in the market include Ingenico Group; Hewlett-Packard Inc.; Cisco Systems, Inc.; Panasonic Corporation; VeriFone Systems, Inc.; PAX Technology Corp.; Toshiba Corporation, and Samsung Electronics, Co., Ltd.
Middle East & Africa
In this study, the years considered to estimate the market size of Point-of-Sale Terminals are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.
Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.
The study objectives of this report are: