POS Terminals Market Is Estimated To Reach Around $108.46 Billion By 2025: Grand View Research, Inc.

POS Terminals Market Is Estimated To Reach Around $108.46 Billion By 2025: Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, The POS Terminals industry has witnessed a significant turnaround, owing to substantial and rapid technological developments in POS terminal solutions.

According to a report, “Point-of-Sale (POS) Terminals Market Size, Share & Trends Analysis Report By Product (Fixed, Mobile), By Component (Hardware, Software, Services), By Deployment (Cloud, On-Premise), By Application, And Segment Forecasts, 2019 – 2025”, published by Grand View Research, Inc., The global point-of-sale terminals market size is expected to reach USD 108.46 billion by 2025 expanding at a CAGR of 7.8%, The market is anticipated to witness substantial growth over the forecast period. Rising demand for POS terminal with multiple features, such as inventory management, CRM, employee scheduling, and reporting, in addition to payment processing will help boost market. Advancement in POS terminals is providing large-, as well as small-scale, businesses with greater flexibility, control, and intelligence than before.

Key Takeaways from the report:

  • The global POS terminals market accounted for USD 62.34 billion in 2018 and is expected to register a CAGR of 7.8% from 2019 to 2025

  • Hardware emerged as the largest segment in 2018 and is estimated to reach USD 66.30 billion by 2025

  • The mobile POS segment is anticipated to witness the highest during over the estimated time period

  • Retail segment led the market in 2018 and is anticipated to maintain its dominance throughout the forecast years

  • The APAC market is expected to witness the maximum CAGR from 2019 to 2025 on account of rising product adoption due to rapidly expanding electronic payment industry

  • Growing retail and foodservice sectors in APAC and wide usage of mobile POS application for creating new payment platforms and marketing channels will also drive market

  • Some of the key companies include Ingenico Group; The NCR Corp.; VeriFone Systems, Inc.; PAX Technology, Inc.; Fujian Newland Payment Technology Co. Ltd.; Revel System, Inc.; Oracle Corp.; and ShopKeep

 

U.S. Point-of-Sale (POS) terminals market size, by component, 2015 - 2025 (USD Billion)

 

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Global Point-of-Sale (POS) terminals market share, by product, 2018 (%)

Moreover, growing popularity of mobile POS terminal across different end-user industries, such as restaurant, retail, and hospitality, owing to its portability is expected to drive the market further. The fixed POS terminal segment held a significant share of the market in 2018. However, the mobile segment is expected to gain traction in the years to come. The cloud segment is anticipated to expand at the highest CAGR over the forecast period. The cloud devices have many benefits over physical POS systems, owing to their multiple functionalities and flexible pricing.

Grand View Research has segmented the global Point-of-Sale (POS) terminals market on the basis of product, component, deployment, application, and region:

POS Terminal Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Fixed

  • Mobile

POS Terminal Component Outlook (Revenue, USD Million, 2015 – 2025)

  • Hardware

  • Software

  • Services

POS Terminal Deployment Outlook (Revenue, USD Million, 2015 – 2025)

  • On-Premise

  • Cloud

POS Terminal Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Restaurant

  • Hospitality

  • Healthcare

  • Retail

  • Warehouse

  • Entertainment

  • Others

POS Terminal Regional Outlook (Revenue, USD Million 2015 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

  • Asia Pacific

    • China

    • India

    • Japan

    • Singapore

    • Australia

  • Latin America

    • Brazil

    • Mexico

  • MEA

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About Grad View Research, Inc.

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

For more information: www.grandviewresearch.com

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