The Point of Sale (POS) Terminals Industry sales study offers a comprehensive analysis on diverse features including production capacities, Point of Sale (POS) Terminals demand, product developments, sales revenue generation and Point of Sale (POS) Terminals market outlook across the globe.
market research report by Fact.MR, (Leading business and competitive intelligence provider) on global Point of Sale (POS) Terminals market sales initiates with an outlook of the market, followed by the scrutiny of the demand and consumption volumes and share and size of various end-use segments
The point of sale (POS) terminals market has garnered a market value of US$ 85 Bn in 2022, anticipated to register a positive CAGR of 7.8% in the forecast period 2022-2032 and reach a value of US$ 180.13 Billion.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=4576
The readability score of the Point of Sale (POS) Terminals market demand report is good as it offers chapter-wise layout with each section divided into a smaller sections.
The report encompasses graphs and tables to show the entire assembling. Pictorial demonstration of the definite and estimated values of key segments is visually appealing to readers.
This Point of Sale (POS) Terminals market outlook report explicates on vital dynamics such as the drivers, restraints and opportunities for key players and competitive analysis of Point of Sale (POS) Terminals along with key stakeholders as well as emerging players associated with the manufacturing of product.
The Key trends Analysis of Extended Point of Sale (POS) Terminals market also provides dynamics that are responsible for influencing the future sales and demand of over the forecast period.
Key Trends:
- Contactless Payments: Contactless payment methods, such as NFC (Near Field Communication) and mobile wallets, have gained significant traction. With the ongoing emphasis on hygiene and convenience, consumers and businesses are increasingly adopting contactless POS terminals for faster and safer transactions.
- Cloud-Based Solutions: Cloud-based POS systems are becoming more popular due to their scalability, accessibility, and ease of integration. This trend allows businesses to manage their sales data and inventory in real-time from anywhere.
- Mobile POS (mPOS) Devices: Mobile POS devices, often run on smartphones or tablets, are on the rise. They provide flexibility and mobility for businesses, enabling them to serve customers in various settings, such as pop-up shops, food trucks, or at the table in restaurants.
- Data Analytics: POS systems are increasingly incorporating data analytics capabilities to help businesses make informed decisions. By analyzing sales data, businesses can optimize their inventory, pricing, and marketing strategies.
- Enhanced Security: As cyber threats continue to evolve, POS terminal security is a top concern. Encryption, tokenization, and EMV (Europay, MasterCard, and Visa) standards are being implemented to safeguard sensitive payment data.
- Omnichannel Integration: Modern POS systems are integrating with e-commerce platforms, enabling businesses to manage both online and offline sales from a unified system. This supports an omnichannel approach, providing a seamless shopping experience for customers.
- Artificial Intelligence (AI) and Machine Learning: AI and machine learning technologies are being employed to personalize customer experiences, optimize pricing, and prevent fraud. These technologies can also help businesses better understand consumer behavior.
- Inventory Management: Advanced POS systems offer real-time inventory tracking, reducing the risk of stockouts and overstock situations. This is particularly valuable for retail businesses.
- Customer Relationship Management (CRM): CRM features within POS systems allow businesses to collect and analyze customer data, enabling targeted marketing and personalized interactions.
- Sustainability and Eco-Friendly Solutions: As environmental concerns grow, there is an increased focus on eco-friendly POS terminal options, including energy-efficient hardware and reduced paper receipt usage.
- Compliance and Regulation: The POS industry is subject to various regulations, including those related to payment security (e.g., PCI DSS) and data protection (e.g., GDPR). Staying compliant with these regulations is crucial.
- Customization and Scalability: Businesses are looking for POS solutions that can be tailored to their specific needs and are scalable as they grow. This flexibility is essential in adapting to changing market conditions.
- Blockchain Technology: Some POS systems are exploring the use of blockchain for secure and transparent transactions, especially in industries where trust and traceability are critical, such as food and pharmaceuticals.
𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝
- Cisco Systems Inc.
- Centerm Information Co.LTD.
- Diebold Nixdorf Incorporated
- Hewlett-Packard Inc.
- Ingenico Group
- Oracle Corporation
- Panasonic Corporation
- PAX Technology Corp.
- Samsung Electronics Co. Ltd.
- Toshiba Corporation
- Others
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
The competitive landscape of the Point of Sale (POS) Terminals market is shaped by product innovation and strategic mergers & acquisitions. Front Runners are emphasizing capacity enhancements and global footprint expansion to leverage lucrative prospects in developing economies.
- In June 2021, Samsung Electronics introduced Samsung Kiosk, an all-in-one solution that offers contactless ordering and payment capabilities. Providing customers with easy install options and a protective coating, the Kiosk is now available in 12 countries worldwide, including the United States, Canada, the United Kingdom, Ireland, France, Sweden, the Netherlands, Belgium, Spain, Austria, Australia, and Singapore.
- In July 2021, Oracle completed the acquisition of GloriaFood. The acquisition extends the Oracle MICROS Simphony Cloud POS platform by adding a global online ordering system and marketing solutions to enable restaurants of all sizes to go digital and serve customers directly through the web, mobile, and apps.
Key Market Segments in Point of Sale (POS) Terminals Industry Research
- By Product :
- Fixed POS Terminal
- Mobile POS Terminal
- By Component :
- POS Terminal Hardware
- Software
- Services
- Mining
- Metal Fabrication
- By Deployment :
- On-premise
- Cloud-based
- By Application :
- Restaurants
- Hospitality
- Healthcare
- Retail
- Warehouses
- Entertainment
- Other Applications
𝐆𝐞𝐭 𝐅𝐮𝐥𝐥 𝐀𝐜𝐜𝐞𝐬𝐬 𝐨𝐟 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
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