Pune, India, May 23, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global POS terminal market Size is slated to progress at a healthy CAGR of 6.1% and subsequently reach a valuation of USD 14,175 million during 2021-2028.
The report carefully examines critical insights pertaining to the various market segments based on product, compliance, technology, end user, and geographical bifurcation. An intricate analysis of each segment with respect to the projected growth rate, industry share, and revenue contribution shapes a major portion of the study.
Besides, the analysis also keeps a record of the competitive developments and key trends in the industry. It further profiles all the top contenders and highlights the major priorities that these businesses and new entrants should focus on to amplify profits.
Growing popularity of contactless payments, evolving nature of credit and debit cards, and increasing investments towards developing end-to-end encryption systems are accelerating market growth.
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Besides, the adoption of multifunctional and affordable cloud-based POS systems that allow remote accessibility and upgradation is likely to multiply profits for the industry in the forthcoming years.
For the unversed, a point of sale (POS) terminal is an electronic device that processes card payments between the customer and seller at retail locations by reading the magnetic chip embedded in credit or debit cards.
However, stringent government regulations and rising concerns regarding data security may impede growth dynamics of the industry during the analysis timeframe.
Covid-19 pandemic impact: -
The outbreak of the Covid-19 pandemic in early 2020 acted as a catalyst to the augmentation in market as lockdown restrictions across the globe led to enhanced automation and digitization, enabling the utilization of POS systems across industry verticals in the recent years.
Segmental overview: -
Considering product type, the market is divided into fixed POS terminals and mobile POS terminals. Among these, the fixed POS terminal captured the largest industry share in 2021.
Meanwhile, the mobile POS segment is anticipated to contribute significantly to market remuneration in the coming years, as mPOS systems facilitate effective financial transactions attributable to its mobility and improved consumer experience.
Regional outlook: -
North America, Europe, Asia Pacific are the major growth avenues for the market. Each regional market is systematically analyzed on the basis of historical data and current trends to comprehend the growth potential during the evaluation period.
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https://www.marketstudyreport.com/reports/global-pos-terminal-market-2022-2028
Competitive framework summary: -
VeriFone Holdings Inc., Vanstone Electronic (Beijing) Co. Ltd., Toshiba Tec Corporation, Shenzhen Zhengtong Electronics Co. Ltd., Shenzhen Kaifa Technology Co. Ltd., Shenzhen Justtide Technology Co. Ltd., Samsung Electronics Co. Ltd., Pax Global Technology Ltd., Panasonic Holdings Corporation, New POS Technology Ltd., NEC Corporation, NCR Corporation, Shenzhen Xinguodu Technology Co. Ltd., Ingenico Group, The Hewlett Packard Company, Fujian Newland Payment Technology Co. Ltd., Diebold Nixdorf, and Bluebird Inc. are the major players influencing global POS terminal market trends.
Global POS Terminal Market by Product (Value, USD million, 2018-2028)
- Mobile POS Terminals
- Fixed POS Terminals
Global POS Terminal Market by Technology (Value, USD million, 2018-2028)
- NFC POS Terminals
- Non-NFC POS Terminals
Global POS Terminal Market by Compliance (Value, USD million, 2018-2028)
- Non-EMV Terminal
- EMV Terminal
Global POS Terminal Market by End-User (Value, USD million, 2018-2028)
- Warehouse
- Retail
- Restaurant
- Hospitality
- Healthcare
- Entertainment
Global POS Terminal Market by Region (Value, USD million, 2018-2028)
- North America
- Europe
- Asia Pacific
- Rest of the World
Global POS Terminal Market, Key Companies (Value, USD million, 2018-2028)
- VeriFone Holdings Inc.
- Vanstone Electronic (Beijing) Co. Ltd.
- Toshiba Tec Corporation
- Shenzhen Zhengtong Electronics Co. Ltd.
- Shenzhen Kaifa Technology Co. Ltd.
- Shenzhen Justtide Technology Co. Ltd,
- Samsung Electronics Co. Ltd.
- Pax Global Technology Ltd.
- Panasonic Holdings Corporation
- New POS Technology Ltd.
- NEC Corporation
- NCR Corporation
- Shenzhen Xinguodu Technology Co. Ltd.
- Ingenico Group
- The Hewlett Packard Company
- Fujian Newland Payment Technology Co. Ltd.
- Diebold Nixdorf
- Bluebird Inc.
Table of Content:
PART 1. INTRODUCTION
- Report description
- Objectives of the study
- Market segment
- Years considered for the report
- Currency
- Key target audience
PART 2. METHODOLOGY
PART 3. EXECUTIVE SUMMARY
PART 4. MARKET OVERVIEW
- Introduction
- Drivers
- Restraints
- Impact of COVID-19 pandemic
PART 5. MARKET BREAKDOWN BY PRODUCT
- Fixed POS terminals
- Mobile POS terminals
PART 6. MARKET BREAKDOWN BY TECHNOLOGY
- Non-NFC POS terminals
- NFC POS terminals
PART 7. MARKET BREAKDOWN BY COMPLIANCE
- EMV terminal
- Non-EMV terminal
PART 8. MARKET BREAKDOWN BY END USER
- Entertainment
- Healthcare
- Hospitality
- Restaurant
- Retail
- Warehouse
PART 9. MARKET BREAKDOWN BY REGION
- North America
- Asia Pacific
- Europe
- Rest of the World (ROW)
PART 10. KEY COMPANIES
Related Report:
POS Terminals Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2028
The POS terminals market is primed to showcase significant growth through 2028 primarily owing to prevalent product adoption in key regions across the globe. A point-of-sale (POS) terminal refers to a hardware system used for processing card payments at retail locations. The COVID-19 pandemic saw an upsurge in cashless and contactless transactions in varied industries. Subsequently, mounting demand for POS terminals worldwide has played a crucial role in business growth in recent years. In the regional landscape, the South America POS terminals industry is projected to record notable expansion by 2028 on account of soaring demand for mobile POS terminals in the domestic retail sector for completing payments seamlessly. Meanwhile, the Middle East & Africa POS terminals market is slated to attain a sizable share in the global industry by the end of 2028.
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