Point of Sale Terminal Market growth is forecasted at a CAGR of 16.06% during 2023-2029, to reach 71.42 Billion by 2029. A detailed description of the factors and market trends pertaining to different regions is given in detail in the report.
Point of Sale Terminal Market Overview:
The primary goal of this research is to assist the user in understanding the Point of Sale Terminal Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Point of Sale Terminal industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Point of Sale Terminal Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Point of Sale Terminal Market Segmentation:
Product Type: The Point of Sale market is divided into stationary and mobile POS systems, for example. Mobile POS systems are handheld devices that offer more flexibility when processing transactions compared to fixed POS systems, which are stationary terminals commonly used in physical establishments.
Component: The Point of Sale can also be divided into segments based on its hardware and software components. Terminals, scanners, printers, and cash drawers are examples of hardware components. POS software, payment processing software, and inventory management software are examples of software components.
Deployment Type: The Point of Sale Terminal market is divided into cloud-based and on-premise POS systems, among other deployment types. On-premise POS systems are installed on local servers, whereas cloud-based POS systems are hosted on remote servers and accessed online.
End-User: The Point of Sale Market is also broken down by end-users in the report, including retail, hotel, healthcare, and other industries. The major end-users of POS systems are in the retail and hotel industries, whereas healthcare is a developing end-user as more people start using electronic health data.
Application-based segmentation comprises use cases for customer administration, payment processing, inventory management, and other areas. The most common use of POS systems is for payment processing, although inventory management is becoming more popular as real-time inventory tracking becomes more important.
Geographical segmentation of the Point of Sale Terminal market includes North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The biggest markets for POS systems are in North America and Europe, but due to the rising popularity of cashless payment methods and the increased demand for cutting-edge payment technology, the Asia-Pacific region is expanding at the fastest rate.
Size of Business: POS systems can also be divided into categories based on how big a company is, such as small and medium-sized businesses (SMEs) and big businesses. SMEs frequently have distinct needs than larger businesses, such as a need for POS solutions that are more readily available and less expensive.
kind of Transaction: Point of Sale systems can also be divided into online and offline transactions segments based on the kind of transaction. Online transactions are those made through a website or mobile app for doing e-commerce, whereas offline transactions are those made in-person using a POS system.
Type of Payment Method: The point-of-sale terminal systems are divided into categories based on the type of payment method, including cash, credit card, and mobile payments. POS systems that take mobile payments, like Apple Pay and Google Wallet, are growing in popularity along with the popularity of cashless payment methods.
Type of Industry: Point of Sale systems are divided into categories based on the industries they serve, including restaurants, supermarkets, and clothes retailers. For example, the necessity for kitchen printing and order monitoring in restaurants may be specific needs for each industry's POS systems.
Level of Customization: The Point of Sale Terminal Market has also been divided into off-the-shelf and customizable POS solutions based on the level of customization. While ready-made solutions are pre-built and simple to use, customized solutions let businesses customize their point-of-sale system to meet their unique requirements.
Type of Connectivity: POS systems are divided into categories based on the connectivity they offer, such as Bluetooth and Wi-Fi. POS systems that allow wireless connectivity are growing in popularity as demand for mobility grows.
Point of Sale Terminal Market, By Product Type
1. Fixed PoS
2. Mobile PoS
Point of Sale Terminal Market, By Component
1. Hardware
2. Software
3. Services
Point of Sale Terminal Market, By Deployment
1. On Premise
2. Cloud Based
Point of Sale Terminal Market, By End User
1. Restaurants
2. Retail
3. Entertainment
4. Others
Point of Sale Terminal Market, By Geography
5. North America
5. South America
5. Latin America
5. Europe
5. Middle East and Africa
6. Asia Pacific
Point of Sale Terminal Market, By Size of Business
1. Small
2. Medium Sized Enterprises (SMEs)
3. Large Enterprises
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Point of Sale Terminal Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Point of Sale Terminal market are
• Samsung Electronics Co., Ltd. (South Korea)
• Revel Systems Inc. (USA)
• Loyverse (Singapore)
• Toshiba Global Commerce Solutions Inc. (USA)
• Clover Network Inc. (USA)
• Paytm (India)
• Verifone Systems Inc. (USA)
• Zoho Corporation (India)
• Lightspeed POS Inc. (Canada)
• Ezetap (India)
• Shopify Inc. (Canada)
• TouchBistro Inc. (Canada)
• NEC Corporation (Japan)
• Pine Labs (India)
• Mswipe Technologies (India)
• Upserve Inc. (USA)
• Maitre'D (Canada)
• GoFrugal Technologies (India)
• Ingenico Group (France)
• Toast Inc. (USA)
• NCR Corporation (USA)
• Oracle Corporation (USA)
• PAX Global Technology Ltd. (Hong Kong)
• Posist Technologies (India)
• Panasonic Corporation (Japan)
• ShopKeep (USA)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Point of Sale Terminal, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Point of Sale Terminal Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Point of Sale Terminal industry in 2021.
Key Questions Answered in the Point of Sale Terminal Market Report are:
- What is the function of Point of Sale Terminal?
- What is the predicted revenue generation of the Point of Sale Terminal market?
- At what growth rate is the Point of Sale Terminal market evolving?
- Who are the major market giants operating in the Point of Sale Terminal market?
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