Battery Market for POS Terminals Market – Trends and Forecasts from Technavio

January 27, 2017 12:03 PM Eastern Standard Time

LONDON–()–Technavio’s latest report on the global battery market for point of sale (POS) terminals market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

Thanikachalam Chandrasekaran, a lead research analyst from Technavio, specializing in research on energy storage sector, says, “Increased penetration of POS terminals in the retail and hospitality sectors is driving the market. The need for secure transactions by the merchants in these sectors will likely fuel the market growth during the forecast period. The rise in the number of retail outlets is another major factor contributing to the growing sales of POS terminals.”

The replacement of old POS terminals and increased demand from new enterprises is estimated to fuel the sales growth. The growing adoption of EMV cards, rising need for effective information management from merchants, and increasing penetration of NFC-based payments are leading to higher unit shipments of POS terminals. However, the rising penetration of mobile card readers that offer superior benefits such as better handling and convenience will hamper the sales of conventional POS terminals.

Request a sample report:

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The top three emerging trends driving the global battery market for POS terminals according to Technavio energy research analysts are:

Demonetization in India

On November 8, 2016, the Indian government announced the 500 and 1,000 rupees notes as no longer a legal tender, and it will not be accepted anywhere. This step was taken by the prime minister to deal with corruption and eliminate black money from India. This move had many positive as well as adverse effects on the people and the Indian economy.

Read full release here:

Other point of sale articles of interest:

  1. Overstock Joins Growing List of iguama Cross-Border Retail Partners
  2. Mobile Wallet Spend to Rise by More than 30% this Year, Reaching $1.35 Trillion
  3. Vantiv Partners with CardFlight to Offer EMV Mobile POS Solution
  4. Newest North American Version of Epicor BisTrack Released
  5. Wipro Partners with Tradeshift to Increase Digitalization across Source-to-Pay Processes
  6. Atom Tickets Mobile Ticketing Platform Teams Up With Bow Tie Cinemas, Expands Reach
  7. A Government in Confusion is Bad For The POS Industry
  8. e-Nabler Teams Up with Vantiv to Offer EMV-Certified Tablet and Mobile POS Solution