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Point-of-Sale (POS) Terminals Market Size & Analysis Report, 2022

Status : Work in progress | Report Format: Electronic (PDF) | Publisher: Radiant Insights Inc.

The global POS terminals market size is expected to grow at over 11% from 2015 to 2022. Ease of usability and significant return on investment Coupled with wide application scope is expected to drive the POS terminals market.

Accelerated adoption in industry sectors such as hospitality, retail and service serve as key driver for growth. Reliability and resilience offered by advance terminals along with increasing use of PIN and chip embedded cards are likely to be critical for industry development. Positive outlook on the mobile point-of sale (mPOS) terminals market is expected to have significant impact to overall industry development. 
Adoption of technologies namely 801.11, NFC, CDMA, GPRS and WiFi for communication are expected to fuel demand. Application of POS software in building forecast, improving ware house efficiency and optimizing operational efficiency are likely to present potential opportunities for industry participants.

Substantial security concerns such as data thefts and data breaches are likely to restrain the market. Regulatory interventions and norms are likely to challenge growth. SME industries are likely to witness significant opportunities for industry participants owing to rapid adoption of the system. Intensifying market competition is anticipated to provide tremendous opportunities for new market entrants. Market players such as apple pay and Paypal are anticipated to dominate the industry. 

The POS terminals market can be segmented by product as fixed and mobile, fixed POS play a key role in fast and robust retailing experience. mPOS plays a key role while cash register functions are performed using tablet, mobile phone or using a wireless device and thus estimated to dominate fixed POS, by application as retail, hospitality, healthcare, warehouse, entertainment, inventory management, Initiating loyalty programs, printing bills, and payments.  Healthcare is expected to witness high growth owing to patient tracking details and increasing usage in payment methods.

Asia Pacific POS terminals market is expected to witness substantial growth owing to increasing use of SMB over TCO. Europe and U.S. markets are estimated to reflect comparatively less growth owing to the market saturation. Indian market is expected to witness eminent growth in the software industry owing to robust business demand.

Key players in the industry with significant POS terminals market share include Ingenico, Toshiba, MICROS Systems, Cisco, NEC Corporation, VeriFone System, PAX Technology Limited, Samsung, HP and Panasonic. The market is highly consolidated to mergers and accusation namely VeriFone’s acquisition of Hypercom's global business paired with Ingenico’s acquisition of Sagem Monetel.

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