Selbyville, DE -- (SBWIRE) -- 10/09/2018 -- Retail (Point of Sale) POS Terminals Market Research Report for the period of 2017-2024 that shows the growth of the market is rising at a 10% CAGR to 2024.
The data in this Retail (Point of Sale) POS Terminals market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the Retail (Point of Sale) POS Terminals market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Cisco Systems Inc, Epicor Software Corporation, Hewlett-Packard Company, Ingenico Group, Micros Systems Inc, NCR Corporation, Panasonic Corporation, PAX Technology Inc, Samsung Electronics Co., Ltd, Toshiba Corporation, VeriFone Systems Inc.
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The retail sector, primarily in the South-East Asian and North American countries, is anticipated to experience high growth. The retail sales in North America in 2016 were valued at more than USD 5 billion. The increasing disposable income, increasing online retailers, and growing penetration of smartphones is driving the retail sector in North America. Retailers in these regions are retaining customers by customizing offerings, providing variable payment methods, and mapping consumer patterns. Furthermore, continued increase in performance of companies acting in auto retail, home improvement, dollar store, & drug store and specialty retail, supermarkets, & department stores sectors are expected to present several growth opportunities for the retail POS terminals market.
Intense competition between players has led to business owners improving their facilities and technologies such as the integration of mPOS terminals. These allow an increase in interactions, elimination of excessive waiting times, and insights into the customer buying profile. mPOS terminals lower the amount of space taken up by regular cash wraps and counters. A substantial amount of occupied counter space can be utilized to expand the store's inventory and display or to improve the customer comfort. Various retailers such as Apple and Home Depot have recognized the benefits of mPOS and have integrated them into their business operations and is anticipated to drive the retail POS terminals market.
The rising demand for SaaS and cloud based solutions is anticipated to augment the retail POS terminals market growth and create new opportunities for vendors. Evolution in hacking and cybercrimes poses a high security threat and can lead to the theft of personal customer information, financial resources, and the loss of reputation amongst customers. The equipment and the software require continuous updating and management to ensure the technology can keep up cybercrime evolution.
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Retail POS Terminals Market, By Product
Fixed retail POS Terminals
Mobile retail POS Terminals
Retail POS Terminals Market, By Component
Hardware
Software
Services
Professional Service
Support & Maintenance
Training
The EMV card and card-reader growth is predicted to be highly concentrated in the European region owing to the European mandate that necessitates the integration or upgrade of all POS terminals with EMV by 2020. This will augment the retail POS terminals market demand for contactless card payments across most regions in Europe over the forecast timespan and reduce the threat of fraud and identity theft. Additionally, customer reward programs require efficient retail POS systems to monitor the data. Various POS systems such as ERPLY and ShopKeep integrate this technology to tightly monitor reward programs and enhance customer retention.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Retail POS Terminals Industry Insights
Chapter 4. Retail POS Terminals Market, By Product
Chapter 5. Retail POS Terminals Market, By Component
Chapter 6 Retail POS Terminals Market, By Application
Chapter 7. Retail POS Terminals Market, By Region
Chapter 8. Company Profiles
Related Report:
United States Mobile POS Terminals Market Report 2018
In this report, the United States Mobile POS Terminals market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. United States Mobile POS Terminals market competition by top manufacturers/players, with Mobile POS Terminals sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including First Data Corporation, Hewlett-Packard Company, Ingenico S.A., NEC Corporation, Oracle Corporation (MICROS), Panasonic Corporation, PAX Technology Ltd.
https://www.marketstudyreport.com/reports/united-states-mobile-pos-terminals-market-report-2018/?utm_source=RR-AN
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