DUBLIN, September 25, 2017 /PRNewswire/ --
The "Global POS Terminal Market - Strategic Assessment and Forecast 2017-2022" report has been added to Research and Markets' offering.
The global POS terminal market is likely to grow at a CAGR of 12.53% during the forecast period 2016-2022.
The report considers the present scenario of the global POS market and its strategic assessment for the period 2017-2022. It includes a detailed study of growth drivers, trends, and restraints. The report also profiles the leading vendors in the market and other key vendors.
The demand for POS payment terminals is primarily supported by two key factors: Increase in per capita GDP, which has led to change in lifestyles in emerging markets and a rapid increase in dual-income households in developed markets fuelling retail growth. The market is particularly well-developed and growing, with the presence of vendors such as Ingenico, Verifone, and PAX Global offering products to a diverse range of merchants. The demand from such merchants has also grown in countries such as the US, China, and India due to the booming retail market, as well as, a shift in unorganized markets to adopt POS systems in developing countries.
The fixed POS system constitutes the largest market share both in terms of revenue and unit shipment. However, mPOS is expected to grow at a rapid rate during 2016-2022, which is higher than the global CAGR during the same period.
The report outlines the latest trends and factors that are expected to drive the market during the forecast period. Introduction of cloud-based point of sale systems is the latest trend in the market. A cloud-based system can be directly assessed from the web through the internet browsers and is compatible with the hardware such as printers and cash register drawers. The vendor has accessibility to the customer's data at any geographical location through a Wi-Fi connection. Also, growing demand for tablet point of sale and increased merger and acquisition activities in the global POS market are among the major trends discussed in the report.
The usage of debit and credit cards is facilitated through POS terminals and ATMs present at various outlets such as the retail, drug, gas station, restaurant, and hospitality. Increased usage of debit and Credit cards and popularity of cashless transactions are going to drive the market during the forecast period. Further, the introduction of mobile payment system with loyalty programs and the emergence of EMV-compliant terminals are among the other factors that are going to boost the global market.
Further, the report provides a detailed study of expected challenges to the market. Stringent government regulations on the payment processing industry and the need for continual support and upgrades are restraints for the global POS market. This report also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market.
Key Topics Covered:
Section 1 Research Methodology
Section 2 Report Coverage
Section 3 Market Landscape
Section 4 Total Cost of Ownership of a POS Terminal
Section 5 Product Life Cycle
Section 6 Key Market Trends
Section 7 Key Market Growth Drivers
Section 8 Key Market Restraints
Section 9 Value Chain Analysis
Section 10 Global Market Size and Forecast
Section 11 Market Segmentation by Product Type
Section 12 Market Segmentation by End-users
Section 13 Geographical Segmentation
Section 14 POS Market in APAC
Section 15 POS Market in Europe
Section 16 POS Market in Latin America
Section 17 POS Market in MEA
Section 18 POS Market in North America
Section 19 Vendor Landscape
Section 20 Key Vendor Analysis
- Castles Technology
- Dspread Technology
- Fujian Newland Payment Technology
- Hangzhou Sunyard
- New POS Technology
- PAX Global Technology
- SZZT Electronics
- Spire Payments
For more information about this report visit https://www.researchandmarkets.com/research/cqbtwr/global_pos
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