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.

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

Demonetization in India

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Read full release here:  http://www.businesswire.com/news/home/20170127005174/en/Battery-Market-POS-Terminals-Market-%E2%80%93-Trends

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