As cited by the business intelligence report titled ‘Global Point of Sales (POS) Terminal Market Analysis, 2020’ available with Market Study Report, global point of sales (POS) terminal market is calculated to expand with a noteworthy compound annual growth rate of 8.72% during the analysis period 2020-2025.
 

The report states that rising adoption of digital platforms for payments and financial transactions, shifting preferences towards cashless contracts over cash-based dealings, and favorable government initiatives aimed at improving payment systems are augmenting the growth of global point of sales (POS) terminal market.
 

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Research analysts cite that flourishing retail sector along with introduction of new supermarkets and hypermarkets across the globe are impelling the deployment of POS terminals, which in turn in stimulating the overall market outlook.
 

Additionally, increasing investments towards infrastructural development, technological advancements in the business sphere, and innovative product launches by industry partakers are promoting business development.
 

Based on product terrain, global point of sales terminal market is bifurcated into m-POS, portable, and fixed. With regards to mode of deployment, the industry is segmented into cloud and on-premises. Moving on to EMV compliance, the market is split into non-EMV and EMV.
 

The end-user landscape of the business comprises of education, healthcare, media & entertainment, travel & hospitality, retail, and others.
 

From a regional frame of reference, the overall market is fragmented into Middle East & Africa, Asia-Pacific, Europe, South America, and North America.
 

Among these, Asia-Pacific is expected to dominate global point of sales terminal market during 2020-2025, owing to rising adoption of digital payment systems, predominantly in China and India.
 

Major companies that formulate the competitive dashboard of the business sphere are Diebold Nixdorf Inc., NCR Corporation, NEC Corporation, Cisco systems Inc., Toshiba Tec Corporation, PAX Technology, Centerm Information Co., Ltd., Fujian Newland Payment Technology Co., Ltd., VeriFone Systems Inc., and Ingenico Group S.A.