Point Of Sale (PoS) Terminal Market to Witness a Pronounce Growth During 2027Posted by trendsmarketresearch on April 26th, 2019 A point of sale terminal is an electronic device which can be used to process card payments, it reads the information of a customer’s debit or credit card and checks whether the funds in a customer’s bank account are sufficient, based on that it transfers the funds to seller’s account from the customer’s account. Point of sale (PoS) terminals consist of software and hardware whichenables retailers to receive card payments without updating a cash registers. The expenses of mounting POS terminals differ with the size of the organization and the terms from the supplier. The merchants possibly have to pay rent for the terminal along with a transaction fees.Global Point of sale (PoS) marketwas valued, in 2017 USD XX million and in 2027 is expected to reach at USD XX million with growing CAGR of XX%. Market Dynamics: The industry is growing rapidly, due to extensive and swift technological developments in point of sale terminal solutions. Rising demand for contactless payments, along with proliferation of Near Field Communication (NFC) devices in the industrial ecosystem, has led to a surge in adoption of integrated POS terminals. Increased investments in technologies such as end-to-end encryption for providing secured payment solutions and convenience to customers are expected to augment the demand for POS terminals in the market. Companies are focusing more on software owing to increased penetration of smartphones. Market Players: Point of sale (PoS)terminal market consist of various players, few key players of the market are Samsung Electronics, HP Company, Panasonic Corporation, Ingenico S.A., PAX Technology, Cisco Systems, Panasonic Corporation, Toshiba Corporation, Verifone Systems, and MICROS Systems. Market Segmentation: The Point of sale (PoS) market is segmented into type, component, technology and region. On the basis of type the market is classified into countertop POS, retail POS and mobile POS. On the basis of technology the market is segmented into fixed and mobile/wireless. On the basis of component the market is classified into hardware, software and services. Further, on the basis of region the market is segmented into North America, Europe, APAC, Latin America and Middle East & Africa.Asia Pacific is expected to emerge as a lucrative player over the forecast period. Increasing income levels and standards of living of people in developing countries such as India are resulting in flourishing retail markets, thereby boosting the demand for POS solutions. Market segmented based on type: - Countertop POS Market segmented based on technology: - Fixed Market segmented based on component: - Hardware Viwe more: ELECTRONICS & SEMICONDUCTOR About Us: Trends Market Research is one of the leading digital services provider and a result-oriented company based in U.K.. We are a team of enthusiastic-driven individuals with top notch skills in SEO , Market research. Trends Market Research is a one stop shop to all your business needs. We help you thrive and succeed. We provide research solution. Our digital and enterprise research assurance solutions are ideal for Automotive & Transportation, Electronics & Semiconductor, Chemicals & Materials, Healthcare, Pharmaceuticals & Medical Devices, Food & Beverage and Industrial Automation as well as all type of other leading industries verticals . We offer a vast line of in-depth study of industry trends including customized & client oriented specific requirement. Contact Us: One Vincent Square Phone: +442033221521 Like it? Share it! More by this author |