Point of Sale Terminals Market Growth Factors, Shares and Top Key Players between 2019 and 2029
In a recent business intelligence study, FactMR presents the nitty-gritty of the global point of sale terminals market considering 2014-2018 as the historic year and 2019–2029 as the stipulated time frame. The business report highlights the drivers, restraints, opportunities and trends affecting point of sale terminals market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
Point-of-sales (POS) Terminals market will grow at a promising CAGR of more than 7% between 2019 and 2029. Budding ecosystems of cashless payments in developing countries are set to fuel the demand for POS terminals in retail, healthcare, and restaurants. Various application segments are witnessing heightened demand for convenient features such as invoice management, inventory management, and image scanners. Point of sale terminal systems offer these features as additional benefits to drive market demand. Innovation and development of high speed networks positively impact the growth of point of sale terminals in untapped markets.
The point of sale terminals market study outlines the key regions – Latin America, North America, MEA, Europe and APEJ – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin. Prominent players covered in this research are Oracle Corporation, Panasonic Corporation, PAX Technology Corp., Posiflex Technology Inc., Samsung Electronics Co., Ltd., Toshiba Corporation and many more.
Fixed POS Terminals Account for Majority of Market Value
Fixed POS terminals are projected to be in the lead in terms of total market value with a robust growth rate of over 7% during the forecast period. This is attributable to the rising demand for enhanced consumer experience in retail. Deployment of fixed POS terminals as self-checkout systems will drive demand during the forecast. However, cloud deployment, and software development of multifunctional POS systems are thrusting the demand for mobile POS terminals. Consumer demand for convenience and security of transactions is projected to drive mass-adoption of mobile POS terminals.
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FactMR, in its new offering, provides an in-depth analysis of the global point-of-sales terminals market, displaying data on historical demand (2014-2018) and forecast data for the period, 2019-2029. The study provides readers with essential insights Point-of-Sales market on the basis of product (fixed and mobile), component (hardware, software, and services), deployment (on premise, and cloud), application (restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others), and across 6 key regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and Middle East & Africa).
Key Takeaways of Point of Sale Terminal Market Study
- Fixed POS terminal holds leading share of more than 3/4th of the total market value.
- Mobile POS terminal segment will gain 3.6X growth during the forecast period.
- On-premise deployment has a market value share of more than 77%.
- Cloud POS presents lucrative growth opportunities on the back of a stupendous 10% CAGR through 2029.
- Healthcare is projected to grow 2.7X during the forecast.
- Asia Pacific (East Asia + SAO) will lead global sales and grow 2.4X during the forecast period.
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