POS Terminal Market terminals market has gained significant momentum in recent years due to the ease of use and improved return on investment being offered by these systems. POS terminals have wide range of applications including payments, printing bills, inventory management and carrying out loyalty programs across various end-use verticals such as retail, hospitality and entertainment. The advanced POS Terminal Market systems offer higher reliability and durability as compared to traditional systems such as cash registers.
The higher reliability of modern POS systems leads to significant reduction in total cost of ownership (TCO) and this in turn is aiding the growth in demand for POS solutions in small and medium size businesses. Mobile POS (mPOS) terminals have emerged as a contender for replacing the current transaction and payment techniques owing to its improved features such as mobility and better user experience.
Mobile POS allows sales and service industries to conduct financial transactions at customers place, improving customer experience. Further, mobile POS terminals have low initial cost as compared to traditional fixed POS Terminal Market leading to increasing demand from small and medium sized businesses. Further, hospitality and retail sector are experiencing significant growth in demand for mPOS solutions driven by improved return on investment and increased demand for customer analytics features.
Global POS Terminal Market: Scope of Study
The research report on the POS Terminal Market provides a detailed analysis of POS systems and helps in understanding driving forces behind the popularity of these systems across various end-use industries. It also provides an analysis of major sub-segments of the POS market for the years from 2015 to 2025. The report includes extensive analysis of the industry drivers, restraints, opportunities and market trends.
The study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. This research study focuses on market data and insights, including the size and growth of the POS terminals market. The report provides a thorough analysis of the emerging industry trends and the prevailing state of the market. It offers a comprehensive coverage of the underlying technological and economic factors influencing the POS terminals business.
The prevalent competition in the market is identified through market share analysis of key players in the market. Furthermore, the value chain analysis and Porter’s five forces analysis are included in the report, aiming to provide strategic insight across the supply chain of the POS terminals market. Additionally, the report also includes profiles of major market participants for better understanding of their contributions. The company profiles include overview of company, revenue, strategies followed by them for gaining competitive advantage and SWOT analysis.
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The report segregates the market based on type, components, applications and geography. POS terminals market has been categorized into two types’ namely fixed POS terminals and wireless and mobile POS terminals. Components in the POS terminals market have been categorized into POS hardware and POS software. The study offers a complete understanding of different application sectors of POS terminals.
The report includes various application areas of POS terminals such as restaurant, hospitality (lodging), healthcare, retail, warehouse / distribution, entertainment and others. Others segment includes application of POS in sectors such as field service, government, transportation, etc. The report aims to provide a comprehensive cross-sectional analysis of the component, type and application segments across North America, Europe, Asia Pacific and Rest of the World (RoW).