Point-of-Sale (POS) Terminals Market Industry Development Trends and Forecast 2024
Deerfield Beach, FL -- (SBWIRE) -- 02/24/2017 -- Point-of-sale (POS) Terminals Market: Overview
A point-of-sale (POS) terminal is a computerized alternative to a cash register. It has ability to record and track customer orders, process credit and debit cards, connect to other systems in a network and manage inventory. POS are used in wide range of applications. Retail, hospitality and entertainment are some application areas in which PAS is used.
Point-of-sale (POS) Terminals Market: Growth Factors
The major driving factor for point-of-sale (POS) terminal market is elevated growth of mobile POS terminals. Mobile POS (mPOS) terminals are widely used in current transaction and payment techniques due to its improved techniques and better user experience, is expected to have positive impact on point-of-sale (POS) terminal market. POS terminals offer lot of services in different applications sectors such as restaurant, grocery/supermarket, hospitality-lodging, healthcare, retail, warehouse/distribution, and government which help to drive the point-of-sale (POS) terminal market.
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The report covers forecast and analysis for the point-of-sale (POS) terminal market on a global and regional level. The study provides historic data of 2014 along with a forecast from 2014 to 2020 based on revenue (USD Billion). The report also offers detailed competitive landscape of the global point-of-sale (POS) terminal market. It includes company market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the point-of-sale (POS) terminal market based on product, component, application segment and region.
Fixed POS terminal, wireless and mobile POS terminal are product segment of POS terminal market. The fixed POS terminal segment was the leading product segment of point-of-sale (POS) terminal market in 2014 owing to early implementation of the technology in the market.
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On the basis of component segment POS terminals market can be segmented as hardware and software. These are the key components used in the point-of-sale (POS) terminal. Due to increased demand from retail businesses and hospitality the POS software segment is anticipated to reveal high growth over the forecast period.
Retail, hospitality, healthcare, warehouse, entertainment and others are the key applications involved in the POS terminals market. The POS terminals are widely used in retail application. Therefore retail applications segment was the leading segment of global POS terminals market in 2014.
Point-of-sale (POS) Terminals Market: Regional Analysis
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America and Middle East and Africa. This report also provides further bifurcation of region on the country level. Major countries analyzed in this reports are U.S., Germany, France, UK, China, Japan, India, and Brazil. POS terminals market was dominated by North America due to the major demand for POS terminals from the retail and hospitality sectors in the region. North America is followed by Europe. The countries from Asia Pacific such as India and China focused on account of proliferation in the number of retail stores due to which demand of POS terminals increased. Asia Pacific region is expected to exhibit the rapid growth of this market.
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Point-of-sale (POS) Terminals Market: Competitive Players
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Cisco Systems, Inc., MICROS Systems, Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., NEC Corporation, and VeriFone Systems Inc.
The report segments the global point-of-sale (POS) terminal market into:
Global Point-of-sale (POS) Terminals Market: Product Segment Analysis
Fixed POS Terminal
Wireless and Mobile POS Terminal
Global Point-of-sale (POS) Terminals Market: Component Segment Analysis
Global Point-of-sale (POS) Terminals Market: Application Segment Analysis
Global Point-of-sale (POS) Terminals Market: Regional Segment Analysis
Middle East and Africa
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