The latest report on POS Terminals Market by Infinium Global Research gives complete coverage of the POS Terminals Market by components (software, and hardware), type (mobile point-of-sale terminals, and fixed point-of-sale terminals), application (retail, restaurant, hospitality, healthcare, entertainment, and others), deployment (cloud, on-premise) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of POS Terminals such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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POS Technology Makes Managing Payments Safer, Easier, and Smarter a Point of Sale Terminal is a Replacement to the Traditional Cash Register System
The point of sale (POS) terminal is an electronic device for processing card payments at retail locations. POS technology makes managing payments safer, easier, and smarter. A point of sale terminal is a replacement to the traditional cash register system. POS terminals comprised of two types such as mobile point of sale terminals, and fixed point of sale terminal. The mobile point of sale terminal is more convenient than the fixed point of sale terminal. Mobile point of sale enables payment by mobile and manages some inventory and customer information. Points on sale terminal include applications in different sectors such as retail, healthcare, restaurant, entertainment, and hospitality.
Increasing demand for a point of sale (POS) terminal in the retail industry drives the growth of point of sale (POS) terminal market. The retail industry is one of the major users of POS terminals owing to it handles inventory control, sales to the consumer, purchasing, receiving and transferring of products to and from other location records. Furthermore, growing demand for the self-service checkout terminals such as mobile point of sale terminals propels the growth of point of sale (POS) terminal market. Rising investment in advance, technologies for providing safe and secured transactions or payments and tracking of sales fuel the growth of point of sale (POS) terminal market.
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Growing Awareness Among Consumers Related to the Benefits Offered by POS Terminals Boosts the Demand for a Point Of Sale (POS) Terminal Industry
Growing awareness among consumers related to the benefits offered by POS terminals boosts the demand for a point of sale (POS) terminal market. However, increasing security concerns regarding data hamper the growth of point of sale (POS) market. Contactless payment by using NFC technology provides beneficial opportunities for a point of sale (POS) terminal market. Furthermore, the focus on advancements and innovations in technologies are expected to provide opportunities for a point of sale (POS) terminal market.
North America dominates the point of sale (POS) terminal market owing to rapid urbanization and retail data systems are the largest provider of a point of sale (POS) terminal in the region. Adoption of a point of sale (POS) terminal in healthcare industry owing to the huge presence of hospitals in the region boosts the growth of point of sale (POS) terminal market. Furthermore, the huge presence of technology providers in the region fuels the growth of point of sale (POS) terminal market. The Asia Pacific is expected to grow at a fast pace in the forecast period.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the POS Terminals.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.