Point-Of-Sale (POS) terminal market: Global Market Size and Forecast 2019-2025Posted by pranshu@95 on August 26th, 2019 Point-of-sale(POS) terminal market is driven by significant increase in electronic transaction across the globe. A Point-Of-Sale (POS) terminal is combination of hardware with software that will read the credit or debit card to process the payments at any location. POS terminal offers multiple ranges of features such as employee scheduling, reporting, customer relationship management (CRM), inventory management in addition to different payment options. With the growing need of POS terminal across the end-user industry such as restaurants, retail shops, and hospitality is giving rise to the popularity of mobile POS. A full report of Point-of-sale(POS) terminal market is available at: https://www.omrglobal.com/industry-reports/point-of-sale-pos-terminals-market Plastic currency such as credit card, debit card and also e-wallet are changing the dynamics of the POS payment by replacing the paper currency transaction, is the major factor that is driving the POS terminal market. Reliable alternative to the traditional cash system, empowering merchandisers as well as consumers to give and have easy service, low price, easy functions, and user-friendliness are the factors behind the growth of the POS terminal industry. Additionally, the POS terminal eliminates all the hassle of setting up making it favorable to adopt by the micro small medium enterprises (MSME) will also augment the growth of POS terminal system. However, unorganized banking sector and delayed service will hamper the market growth. Regionally, North America along with Europe holds a significant share in the market attributed to the rapid adaptation of advanced technologies and presence of advanced infrastructure across the region. Additionally, the adoption of POS terminal-based payment methods by different industries such as healthcare, retail, entertainment and many more is propelling the growth of the POS terminal market in the region. Additionally, increased initiative by the government such as demonetization in the India and adoption of new technology to fulfill the needs of changing lifestyle is also driving the growth of the market in emerging region. Recent News in the market report:
Global POS Terminal Market – Segmentation By Type
By Deployment
By Application
Global POS Terminal Market –Region
The key objectives of the Point-of-sale(POS) terminal market study:
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