• Report Number: 180910917

Reports Overview

The global point-of-sale (POS) terminal market features a fairly fragmented landscape with an elevated level of competition among players of all types, notes Future Industry Insight Inc. (FII). Over the years, the competition is likely to intensify accentuated by the entry of software vendors and aspiring players. They are focusing on launching advanced technologies that increase the functionalities of the POS terminals, to gain a competitive edge over others in the coming years.

Some of the prominent players in the market are NCR Corporation, Samsung Electronics Co. Ltd., Panasonic Corporation, Toshiba Corporation, Hewlett-Packard Company, Cisco Systems Inc., MICROS Systems Inc., VeriFone Systems Inc., NEC Corporation, PAX Technology Limited, and Ingenico S.A. A number of players are focused on offering services for technologically-driven consumers in various application industries, which help them enhance the value of business operations.

The global POS terminal market was worth US$54.68 bn in 2016 and in 2016 and is estimated to rise at an impressive CAGR of 11.5% from 2017 to 2025.

The major product types are fixed type and wireless and mobile type POS terminals. Of these, the fixed terminal type holds the sway and accounted for a lion’s share in the overall market in 2016. The dominance is attributed to their extensive uptake among in various parts of the world in recent years. However, in the coming years, wireless and mobile POS terminals is projected to emerge at an attractive pace. The growth will be driven by their cost-effectiveness, intuitive human interface, and affordability among small and medium-sized businesses.

Geographically, North America is the leading market, as it accounted for the major revenue share in 2016. This can be attributed to the substantial number of early takers for this payment technology. The growth of the regional market is fueled by the rapidly rising demand for POS terminals in the retail and entertainment industry.

Need for Secure, User-Friendly, and Convenient Payments Option Boosting Bolstering Demand

The substantial demand for cost-effective technologies for managing payments and inventories in a wide range of end-use industries such as retail, healthcare, warehouse and distribution, and hospitality is a key factor driving the demand for POS terminals. The intensifying need for secure, user-friendly, and convenient payments in various application segments is driving the POS terminals market. The rising adoption of POS terminals in the retail and hospitality sectors in a number of developing and developed economies is driving the growth of the overall market.

The significant demand for secure and convenience payments options for small retailers in various countries is a key factor bolstering the demand for POS terminals. In addition, the emerging demand for mobile and wireless among small and medium sized businesses, attributed to the marked affordability, is boosting the POS terminals market. Furthermore, the soaring popularity of POS terminals in warehouses in various parts of the world is expected to aid in the rapid expansion of the market.

Innovations in Hardware and Software to Unlock Exciting Prospects

The rising adoption of POS terminals in managing customer database and customer loyalty programs is boosting the market. The advent of POS terminals with modern hardware has enabled the availability of machines with higher performance and aesthetics. The sustained focus on design innovations among manufacturers has led to the development of POS terminals with portable designs. This has opened exciting prospects in the market in recent years.

The pressing need for advanced software to prevent frauds is one of the notable trends expected to drive innovations in the market. Recent advancements in touch technologies have improved the functionalities of POS terminals. This augurs well for the overall market. The wide demand for POS terminals in a growing number quick-service restaurants in developing and developed nations is expected to open promising prospects for manufacturers in the coming years. The advent of real time analytics functionalities is a welcome development in the market.

The study presented here is based on a report by Future Industry Insight Inc. (FMI) titled “POS Terminal Market (Product Type – Fixed POS Terminal, Wireless and Mobile POS Terminal; Component – Hardware and Software; Application – Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, and Entertainment) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025

The global point-of-sale (POS) terminal market is segmented based on:

Product Type

  • Fixed POS
  • Wireless and Mobile POS

Component

  • Hardware
  • Software

Application

  • Restaurant
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse / Distribution
  • Entertainment
  • Field Service
  • Government
  • Transportation

Geography

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • South America

Analyst Review

With collective industry experience of about 200 years of its analysts and experts, Future Industry Insight (FII) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With FII’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
Future Industry Insight (FII) has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, FII’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

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