POS Terminal Market: Point-of-Sale (POS) solutions Streamline Retail Operation
Posted by deevika on January 14th, 2019
Data collated at point of sale spurs retailer’s business, thereby overseeing daily financial returns and giving invaluable insights for supply chain management, inventory management, customer care and merchandising. Ergo, retail industry is projected to be the catalyst for POS terminal market. POS terminals are witnessing tremendous growth as it helps minimizing total cost of ownership (TCO) and eases making payment. On the back of convenience and favorable ROI (return on investment), POS terminals have witnessed its adoption not only in retail, but also in healthcare, hospitality and warehouse industry. These snippets are in line with the report titled, “Point-of-Sale (POS) Terminals Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately incorporated in the repository of Market Research Hub (MRH). In terms of revenue, POS terminal market is expected to register an impressive CAGR of around 13% during the assessment period.
Demand for mobile POS has seen massive growth which could be alluded to its features such as improved mobility, low cost and convenience. Lately, industries have upped technological investment in POS terminal through embracing real time analytics attributes. For instance, Amazon Go has technologies that allow shoppers check in, grab products and exit without going through the hassle of a register. Further, multimodal payment systems (card and cashless payment systems) are further expected to drive the demand of in-store application, POS terminals.
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POS Terminal Market: Report Synopsis
The report offers a thorough analysis of Point-of-sale (POS) terminal through assessment of drivers, opportunities, restraints and trends having significant impact on the growth of the market. The report does an exhaustive assessment through the segregation of the market on the basis of type, component, industry and geography.
The report starts with the executive summary followed by the taxonomy and overview of the market. The report incorporates the value chain analysis and PESTLE analysis to provide a holistic view to the readers.
The final section includes the competitive landscape to provide a dashboard view with financial overview, company profile and product portfolio and strategies. In addition, the report incorporates Porters’ Five Force Analysis to underpin the competitive scenario. Some of the prominent players in the market are PAX Technology Limited, VeriFone Systems Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation and Samsung Electronics CO. Ltd., to name few.
POS Terminal Market: Research Methodology
The report provides a robust research methodology incorporating secondary and primary research. The analysis in the report is on account of secondary research, primary interviews and reviews by expert panel. The report has been prepared on the basis of absolute dollar analysis which has often been overlooked. Further, the report takes PESTLE analysis and value chain analysis into consideration.
The secondary research include trade journals, financial reports, SEC filings, broker reports, company websites, Factiva, statistical database and industry white paper. Besides, it also incorporates national government documents, press releases, news articles and internal & external proprietary databases. The primary research incorporate surveys, e-mail interaction, interviews analysis of seasoned analyst, trade associations and phonic interviews. To provide the readers with an honest report, expert panel assesses the data collated from different sources.
3 Benefits of Using a Point of Sale Terminal in Your Retail Outlet
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