Increasing proliferation of POS terminals in a wide range of end-use industries such as retail, hospitality and healthcare to drive global POS terminal market through 2024
According to TechSci Research report, “Global POS Terminal Market By Product Type, By Deployment, By EMV Compliance, By Industry, By Region, Competition, Forecast & Opportunities, 2024”, global POS terminal market is forecast to register a CAGR of over 9% during the forecast period, owing to increasing demand for managing payments in large end-user industries such as retail, healthcare, education, travel & hospitality, and media & entertainment. Moreover, declining prices of POS terminals and government initiatives to promote cashless transaction is expected to promote market growth in coming years.
Browse 6 market data Tables and 137 Figures spread through 151 Pages and an in-depth TOC on “Global POS Terminal Market “
Global POS terminal market can be segmented based on product type, deployment, EMV compliance and industry. In terms of product type, the market has been categorized into fixed, portable and mPOS. Of these categories, fixed POS held the major share in 2018, however, portable and mPOS terminals are expected to register high growth during the forecast period, owing to high flexibility and mobility in performing payment processes. EMV compliance is the preferred segment in global POS terminal market, as it offers enhanced security.
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Ingenico Group S.A., Verifone Systems Inc., Fujian Newland Payment Technology Co., LTD Centerm Information Co., LTD and PAX Technology etc are some of the leading players operating in global POS terminal market. Companies offering POS terminals are developing advanced solutions in terms of hardware and software based on specific application requirements. Moreover, they are focusing on integrating various technologies such as EMV and contactless features so as to register high growth. In 2017, Verifone launched Verifone Carbon 8, which is an affordable and portable POS solution.
“Retail industry is the leading segment in global POS terminal market, as POS terminals can speed up sales and billing operations and offer high operational efficiency. Moreover, increasing e-commerce transactions in different countries and growing use of Europay, Mastercard and Visa (EMV) cards are expected to positively impact growth of global POS terminal market over the course of next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global POS Terminal Market By Product Type, By Deployment, By EMV Compliance, By Industry, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of POS terminal market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global POS terminal market.
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