Global Point of Sale (POS) Terminal Market to Grow At 8.34% CAGR Through 2024

July 27, 2020

According to the research report titled ‘Global Point of Sale (POS) Terminal Market - Analysis By Product Type, Component Type, Application , By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) - By Region (North America, Europe, APAC, ROW), By Country , available with Market Study Report LLC, global point of sale (POS) terminal market is anticipated to showcase a y-o-y growth rate of 8.34% over 2014-2024.

The report bifurcates this industry space based on products, applications, components, and regions.

Based on product landscape, global point of sale terminal market is segmented into wireless PS and fixed POS. The report states that fixed POS market segment is poised to accumulate considerable returns in the ensuing years. Escalating investments in retail sector, rising per capita income and rapid urbanization are contributing towards popularity of fixed POS systems across the globe.

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Elaborating on the application scope, the market is classified into hospitality, restaurant, healthcare, retail and others.

In terms of component type, the industry is split into software and hardware. According to the report, hardware segment is predicted to expand substantially during the forecast period. Escalating investments in numerous retail channels including online marketplace, specialty stores, convenience stores and department stores are fueling the segmental share.

Considering the geographical landscape, global point of sale terminal industry is bifurcated into Asia-Pacific, Europe, North America and Rest of the World. In addition to this, the report focuses on South Korea, India, Japan, China, Rest of Asia-Pacific, Italy, UK, France, Germany, rest of Europe, Canada and U.S.

Asia-Pacific held a considerable market share in the year 2019 and is expected to record decent growth during the projected duration. Escalating investments in e-commerce sector in countries such as Indonesia, Malaysia, Singapore, India and China along with favorable government initiatives which promote digital and cashless economy are supporting Asia-Pacific market scenario.

The ‘global point of sale terminal market’ analysis document consists significant information and deals with the key trends and their respective impact on the profitability graph of this business space. Additionally, the document scrutinizes the prevailing market size and highlights the competitive spectrum of this industry vertical. 

Speaking of which, NEC Corporation, Samsung Group, Panasonic Corporation, Toshiba Corp., Hewlett-Packard Co., Cisco Systems Inc., VeriFone Systems Inc., MICROS Systems Inc., PAX Technology Ltd. and Ingenico SA are the key participants in global point of sale terminal market.

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