In 2012, the Global
POS Terminals Market was evaluated around USD 28 billion and is
expected to reach approximately USD 84.53 billion by 2022 while registering
itself at a compound annual growth rate (CAGR) of 11.68% over the forecast
period. The market has experienced a major turnaround, due to the extensive
expansion of POS terminal solutions and a variety of technological innovations
happening at a rapid pace. The rising demands for incorporated POS, the
proliferation of NFC devices, along with the demand for contactless payments in
the industrial network are anticipated to fuel the global market. Amplified
funding in the line bursting technology is predicted to act as a vital factor
in boosting the market demand. Though, the requirement for extended government
regulations and certifications, combined with data security concerns, is likely
to restrain the growth of the market. The refusal to PCI Data Security
Standards (DSS) enhances the possibility of card data breaches, which ensues in
the financial and non-financial impacts, involving the loss of client trust and
status of the company.
Component Outlook and Trend Analysis
By
components, the global market can be segmented into software and hardware. The
hardware elements comprise smartphones and tablets linked with monitors, cash
drawers, credit/debit card reader, and others. The software section is expected
to grow at a compound annual growth rate of 14% over forecast years. This
growth might be assigned to the innovations in cloud computing, ensuing in the
rising use of the point-of-sale systems based on the Software-as-a-Service
(SaaS) platform. The proficient software incorporates functionalities of screen
terminals and barcode scanners over these systems and provides backup data
restoring and features further.
Get Free Sample of this Report@: http://www.crystalmarketresearch.com/report-sample/IC11359
Application Outlook and Trend Analysis
According
to applications, the global POS terminals market classified into entertainment,
hospitality, restaurants, healthcare, warehouse, retail, and others. The rising
use of these systems over the retail segment is expected to boost the demand
and is predicted to grow at a compound annual growth rate of around 10% during
the forecast years. The elevated degree of accessibility and portability
enhances the utilization of mobile terminals over this segment. These terminals
render inventory management with accounting facilities, hence making it more
comfortable to trail third-party billing and inventory. Different organizations
are propelling over more simple transaction processes and are incorporating the
point-of-sale systems with merchandising, inventory, Customer Relationship
Management (CRM), and marketing data for presenting a unique, interactive, and
personalized experience to consumers.
Regional Outlook and Trend Analysis
In
2015, North American market ruled the global POS terminals market, reporting
for around 30% of the market revenue share. Though, the increasing customer
base around emerging regions like Asia Pacific, due to the amplified SMBs and
the drop in the total cost of ownership (TCO), is anticipated to impact the
growth of the regional market positively. The low infiltration and extensive
uncounted population in nations are projected to boost the demand during the
forecast years.
Competitive Outlook and Trend Analysis
Companies
dominating the POS terminals market share include MICROS Systems, Ingenico
S.A., PAX Technology, Verifone Systems, HP Company, Panasonic Corporation,
Cisco Systems, Toshiba Corporation, Samsung Electronics, and NEC Corporation.
Mergers and acquisitions are the major strategies implemented by market vendors.
Get complete access of the Report@: http://www.crystalmarketresearch.com/report/point-of-sale-pos-terminals-market
Table of Contents
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1. Introduction
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Dynamics
3.2.1. Drivers
3.2.1.1. Increasing Demand for Mobile POS Terminals
3.2.1.2. Surge in Affordable Wireless Communication
Technologies
3.2.1.3. Increased Demand from End-Use Industries
3.2.2. Restraints
3.2.2.1. Lack of Standardization
3.2.2.2. Data security concerns
3.2.3. Opportunities
3.2.3.1. Emerging Countries to Offer Lucrative Growth
Opportunities
About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed decisions.
It provides both syndicated as well as customized research studies for its
customers spread across the globe. The company offers market intelligence
reports across a broad range of industries including healthcare, chemicals
& materials, technology, automotive, and energy.
Contact Us:
304
South Jones Blvd, Suite 1896,
Las
Vegas NV 89107,
United
States
Toll Free:
+ 1-888-213-4282
Website:
www.crystalmarketresearch.com
No comments:
Post a Comment