Felton - This
report provides in depth study of “Point-of-Sale (POS) Terminals Market”
using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the
organization. The Point-of-Sale (POS)
Terminals Market report also provides an in-depth survey of top key players
in the market which is based on the various objectives of an organization such
as profiling, the product outline, the quantity of production, required raw
material, and the financial health of the organization.
The Global Point-of-Sale (POS) Terminals Market is
anticipated to reach USD 116.06 billion by 2025 due to considerable rise in the
demand for reasonably priced wireless technologies and mobile POS terminals. A
Point-of-sale Terminal is an electronic device that processes card payments at
different retail provisions.
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The device reads the customer’s debit cards or credit card’s
information, checks if the customer’s bank account funds are sufficient,
transfer the funds from the customer’s account to the retailer’s account, and
records the transaction and print receipts. The Point-of-sale Terminals are a
combination of hardware and software that accepts card payments which do not
require updating of cash registers for direct card reading. The installation
cost of POS terminals differ with the business size and terms of the supplier.
The smaller traders may have to pay the terminal rent and also additional
per-transaction charge.
The POS Terminals Market is widely used in the sectors like
retail, warehouse distribution, healthcare, hospitality sectors, etc. A large
number of players across the globe characterizes the market. The existence of
the growing number of players is heavily strengthening the Point-of-Sale
Terminals industry competition. This competition is expected to be a positive
influence for the market growth as it will continuously motivate the players to
adopt modern technologies and boost the market with improved solutions. The
Point-of-Sale (POS) Terminals industry is predicted to experience more
newcomers in the forecast period.
Two major benefits of Point-of-Sale (POS) Terminals are
accuracy and analysis. The scanning of Point-of-Sale Terminals are very
accurate than the punching numbers from a sticker. The POS Terminals allow to
manage the inventory, flag products for recording, and analyze the sales
patterns. The persistent requirement for the trendy enhanced software is
expected to drive the market. Hottest advancements in the screen-touch
technology have helped the POS functioning, which again augments the global
market. Above all, this effective device helps to reduce manual errors, which
rises its acceptance across different segments and boost the market growth.
However, the security issue related to this technology restricts the growth of
POS Terminals industry.
From among the wide applications of Point-of-Sale Terminals
like supermarkets, restaurants, grocery, field service, hospitality lodging,
retail, government, healthcare, and warehouse/distribution, the retail area is
leading area due to the growing popularity of technology driven payment options
in the retail industry. Another leading application of POS Terminals is
observed in the healthcare industry. Similarly, the warehouse industry will
also experience a strong growth due to the rising acceptance of mobile POS
terminals.
Geographically, the Point-of-Sale (POS) Terminals market is
divided into Europe, North America, Latin America, Africa and Middle East.
North America is expected to dominate the market due to high technology
adoption rate and great demand for POS terminals from hospitality and retail
sectors.
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Major Key Points in
Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
13 Price Overview
14 Research Conclusion
Continued….
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