The Global Point Of Sale (POS) Terminals Market Size report provides a detailed analysis of market growth, size, and segmentation across the globe. The report also covers in-depth regional analysis of the POS market, with the complete analysis of market value and volume. This report also contains competitive landscape with a number of prominent players in global point of sale market.
The global Point-Of-Sale Terminals Market Size is estimated to reach US$ 8.44 billion from US$ 28.27 billion with a CAGR of xx, over the forecast period. Increasing demand for wireless technologies and mobile POS terminals is expected to drive the overall POS terminal market during the prediction period. There is substantial demand for mPOS terminals due to their lower cost and portability. Likewise, the rapidly growing popularity of POS terminals software among consumers is anticipated to boost the demand in coming years.
The global point-of-sale terminals market has been segmented on the basis of product, component, technology, industry, and region. Based on the product, the market is categorized into mobile POS (mPOS) and fixed terminals. Among these, the mPOS terminals segment is anticipated to grow at a CAGR of xx.x% from 2018 to 2025. Shifting consumer demands, increasing credit and debit card payments, and growing urbanization are expected to fuel demand for mPOS terminals. By component, global point-of-sale terminals market is classified as services, hardware, and software. In 2016, the software segment was leading the market size with US$ 5.01 billion and it is expected to remain dominant over the forecast period.
By deployment, the point-of-sale terminals market is categorized into on-premise and cloud. Among these, the on-premise segment accounted for one of the largest global point-of-sale terminals market share in 2016. By application, the market is sub-segmented into healthcare, hospitality, warehouse, retail, restaurants, and others. By service, the market classified as repair & maintenance services, professional service, and managed service. In between these, the managed service segment accounted for the largest point-of-sale terminals market share US$ 4.73 billion, in 2016.
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In terms of geography, North America dominated the point-of-sale terminals market in 2016. The growth of the regional market is driven by the speedily growing demand for point-of-sale terminals in the entertainment and retail industry. However, Asia Pacific is estimated to grow over the forecast period. Rising income and changing lifestyle in emerging countries are driving the global point-of-sale terminals market growth.
Increasing e-commerce sales, a rising number of resorts, spas, and hotels, growing smartphone users, and augmented usage of point-of-sale are some growth drivers of global point-of-sale terminals market. The major players operating in this market are Castles Technology, Bitel Co., Fujian Newland, CitiXsys, and others. These vendors are competing in the POS market by growing their industry operations across the globe and emerging innovative solutions that are combined with innovative technologies such as NFC and EMV. Certifications and agreements must meet the rules set by the government and telecom industries. This has led many retailers to shift to new POS solution from their existing POS solution, helping them comply with the compliances and certifications.
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Key segments of the global point of sale (POS) market
POS Type Overview, 2013-2025 (USD million)
- Smart POS
- Integrated POS
Components Overview, 2013-2025 (USD million)
Technology Overview, 2013-2025 (USD million)
Industry Overview, 2013-2025 (USD million)
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