Boston, MA -- (SBWIRE) -- 03/06/2017 -- Increased penetration of POS terminals in the retail and hospitality sectors is driving the market. The need for secure transactions by the merchants in these sectors will likely fuel the market growth during the forecast period. The rise in the number of retail outlets is another major factor contributing to the growing sales of POS terminals. Post-2018, the revenue earned by the vendors is likely to be largely based on the software and add-on services provided by them. Add-on services include store management tools such as inventory management, sales analysis, customer relationship management, advertising, and marketing.

Get More Details on this Report and a Full Table of Contents at Global Battery Market for Point of Sale Terminals 2017-2021

Technavio's analysts forecast the global battery market for POS terminals to grow at a CAGR of 9.35% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global battery market for POS terminals for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global Battery Market For POS Terminals 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-LiPol Battery
-Overlander
-Panasonic
-Shenzhen Glida Electronics

Other prominent vendors

-Ayaa Technology
-Hangzhou Future Power Technology
-HCT Electric
-Sanyi Doctor Technology
-Shenzhen Cowon Technology
-Shenzhen CPKD Technology
-Shenzhen Enbar Technology
-Ubetter Technology

Market driver

-Augmented demand from the consumer electronic market.
-For a full, detailed list, view our report

Market challenge

-Misconceptions regarding EMV POS terminals.
-For a full, detailed list, view our report

Market trend

-Growth of manufacturing hubs in Southeast Asia.
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2021 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: LiPol Battery, Overlander, Panasonic, Shenzhen Glida Electronics, Ayaa Technology, Hangzhou Future Power Technology, HCT Electric, Sanyi Doctor Technology, Shenzhen Cowon Technology, Shenzhen CPKD Technology, Shenzhen Enbar Technology, Ubetter Technology

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