The global point-of-sale terminals market size
is expected to reach USD 108.46 billion by 2025 expanding at a CAGR of 7.8%,
according to a new report by Grand View Research, Inc. The market is
anticipated to witness substantial growth over the forecast period. Rising
demand for POS terminal with multiple features, such as inventory management,
CRM, employee scheduling, and reporting, in addition to payment processing will
help boost market. Advancement in POS terminals is providing large-, as well as
small-scale, businesses with greater flexibility, control, and intelligence
than before.
Moreover, growing popularity of mobile POS
terminal across different end-user industries, such as restaurant, retail, and
hospitality, owing to its portability is expected to drive the market further.
The fixed POS terminal segment held a significant share of the market in 2018.
However, the mobile segment is expected to gain traction in the years to come.
The cloud segment is anticipated to expand at the highest CAGR over the
forecast period. The cloud devices have many benefits over physical POS
systems, owing to their multiple functionalities and flexible pricing.
Access Research Report of POS Terminals
Market@ www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market
Further key findings from the study suggest:
· The global POS terminals market accounted
for USD 62.34 billion in 2018 and is expected to register a CAGR of 7.8% from
2019 to 2025
· Hardware emerged as the largest segment in
2018 and is estimated to reach USD 66.30 billion by 2025
· The mobile POS segment is anticipated to
witness the highest during over the estimated time period
· Retail segment led the market in 2018 and
is anticipated to maintain its dominance throughout the forecast years
· The APAC market is expected to witness the
maximum CAGR from 2019 to 2025 on account of rising product adoption due to
rapidly expanding electronic payment industry
· Growing retail and foodservice sectors in
APAC and wide usage of mobile POS application for creating new payment
platforms and marketing channels will also drive market
· Some of the key companies include Ingenico
Group; The NCR Corp.; VeriFone Systems, Inc.; PAX Technology, Inc.; Fujian
Newland Payment Technology Co. Ltd.; Revel System, Inc.; Oracle Corp.; and
ShopKeep
Grand View Research has segmented the
global Point-of-Sale (POS) terminals market on the basis of product, component,
deployment, application, and region:
POS Terminal Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Fixed
·
Mobile
POS Terminal Component Outlook
(Revenue, USD Million, 2015 - 2025)
·
Hardware
·
Software
·
Services
POS Terminal Deployment Outlook
(Revenue, USD Million, 2015 - 2025)
·
On-Premise
·
Cloud
POS Terminal Application Outlook
(Revenue, USD Million, 2015 - 2025)
·
Restaurant
·
Hospitality
·
Healthcare
·
Retail
·
Warehouse
·
Entertainment
·
Others
POS Terminal Regional Outlook
(Revenue, USD Million 2015 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
o
France
·
Asia Pacific
o
China
o
India
o
Japan
o
Singapore
o
Australia
·
Latin America
o
Brazil
o
Mexico
·
MEA
Access Press Release of POS Terminals Market@ www.grandviewresearch.com/press-release/global-point-of-sale-terminals-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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