Report Code: A10017 | Pages: NA | Mar 2023 | 2240 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Point Of Sale Terminal Market
Request Now !The global point of sale terminal market is experiencing significant growth and is expected to grow considerably in the next few years. Point of sale terminals refer to electronic devices used for processing card payments, printing bills, inventory management, and implementing loyalty programs across various end-use verticals such as hospitality, healthcare, retail, restaurants distribution/ warehouse, and entertainment.Â
Point of sale terminal helps to store, capture, share, and report data related to the sales transaction. It eases the shopping experience. Ongoing technological innovations have led to advancements in these systems, which include mobile point of sale with bar code scanners and cloud-based POS, increasing the efficiency of businesses by providing high return on investments.
The global point of sale terminal market is segmented on the basis of type, component, end users and region. Based on type, the market is divided into fixed point of sale terminals, and mobile point of sale terminals. In terms of component, the market is categorized into hardware, software, and service. On the basis of end users the market is divided into entertainment, healthcare, hospitality, and retail. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global point of sale terminal industry include Micros Systems, Inc., Cisco Systems, Inc., Toshiba Corporation, Panasonic Corporation, Ingenico S.A., Emerge Mobile (Pty) Ltd., Samsung Electronics Co., Equinox Payments, LLC, Yoco Technologies (Pty) Ltd. Miura Systems Ltd., Vectron Systems SA, NCR Corporation, iVeri Payment Technologies (Pty) Ltd.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global point of sale terminal market.
Market Scope and Structure Analysis
Report Metric | Details |
Market Size Available For Years | 2019–2027 |
Base Year Considered | 2019 |
Forecast Period | 2020–2027 |
Forecast Unit | Value (USD) |
Segments Covered | Type, Component, End Users, and Region |
Regions Covered | North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
Companies Covered | Micros Systems, Inc., Cisco Systems, Inc., Toshiba Corporation, Panasonic Corporation, Ingenico S.A., Emerge Mobile (Pty) Ltd., Samsung Electronics Co., Equinox Payments, LLC, Yoco Technologies (Pty) Ltd. Miura Systems Ltd., Vectron Systems SA, NCR Corporation, iVeri Payment Technologies (Pty) Ltd. |
Â
COVID-19 scenario analysis
Modern point of sale systems integrate multiple systems into a single terminal to handle a range of operations, including cash collection, card payments, billing, printing, and data analysis. Innovations in technology have cause advancements in these systems, Mobile-POS and automated POS systems, which fully automate the checkout processes. In addition, the point of sale terminal market is fueled by innovations leading to an increase in the acceptance across various industries verticals such as restaurants, hospitality, and entertainment.Â
Real-time inventory, lower maintenance cost, and accurate transaction are the key advantages of the point of sale systems. Debit card, credit card, and e-wallet will completely change the dynamics of point of sale payment in the upcoming years substituting the cash payment at the point of sale terminals. This is owing to increasing adoption among people and upsurge in online payments. Furthermore, increased in smartphone usage is making online transactions easier to use, and with wide range of offers and services, it is leading to a larger customer base.
The market is categorized into on-premise and cloud. On-premise deployment includes manual installation at the customer’s premise. The installation includes electrical work, cabling & cabling permits, and hardware & software installation. Cloud point of sale deployment involves the installation of SaaS-based software in retailers existing personal computers. Cloud-based system does not require installation of any separate hardware and can work on existing computers, tablets, or smartphones. This significantly reduces operational costs, especially for SMB owners. Brick & mortar retailers are more inclined toward using smartphones or tablets for point of sale rather than spending on a complex system. Therefore, cloud-based software is expected to gain decent traction over the forecast year.
The market is segmented into hospitality, healthcare, restaurants retail, warehouse, and entertainment. Point of sale terminals helps avoid manual faults in financial billings and inventory management and offer better reliability to businesses. As a result, there is a significant increase in demand for point of sale terminals in medium and large industries. The healthcare segment is expected to record the highest growth, owing to the rising need for managing patient information, tracking employee statistics, and smooth payment process.
Key Segments Covered
Segments | Sub-Segments |
Type |
|
Component |
|
End Users |
|
Â
Key Benefits of the Report
Questions Answered in the Point of Sale Terminal Market Research Report
Point of Sale Terminal Market Report Highlights
Aspects | Details |
---|---|
By Type |
|
By End Users |
|
By Region |
|
Key Market Players | Company1, Company2, Company3, Company4, Company5, Company6, Company7, Company8, Company9, Company10 |
Loading Table Of Content...
Start reading.
This Report and over 19,666+ more Reports, Available with Avenue Library. T&C*.
Enterprise
License/PDF
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers