Major factors driving growth of the global POS terminals market include POS terminals eliminate potential human error and enables conducting transactions faster in retail outlets, as well as helps to maintain accurate records of daily transactions, volume sales, and product stock.
The global POS terminals market was valued at around US$ 0.6 Bn in 2016, and is expected to register a CAGR of 9.1%. The first five-year cumulative revenue (2017–2021) is projected to be US$ 4,256.1 Mn, which is expected to increase moderately over the latter part of the five-year forecast period.
The global POS terminals market report has been segmented on the basis of type, application, and region/country.
The type segment in the global POS terminals market is segmented on the basis of fixed POS terminal, wireless POS terminals, and mobile POS terminals. The fixed POS Terminals segment is expected to witness highest CAGR over 8.8%, owing to increasing awareness regarding benefits of using POS terminals for transactions in hotels, banks, retail shops, supermarkets/hypermarkets, medical shops, malls, hospitals, etc.
The application segment in the global POS terminals market is segmented on the basis of financial institutions and third-party payment institutions. The financial institutions segment witness highest CAGR over 9.2%, owing to increasing adoption of POS Terminals not only by merchants, but also by banks. Currently, banks are providing facility to withdraw cash from POS terminals in order to enhance their customer services.
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On the basis of region/country, the global POS terminals market is segmented into US, Europe, Japan, China, India, and Southeast Asia.
The market in China accounted for revenue share in the global POS terminals market in 2016, registering a CAGR of 9.5% over the forecast period (2017–2026). This can be attributed to growing government initiatives along with help of banks towards fostering non-cash payment mode and deployment of POS terminals in rural areas in order to improve rural payment services. The market in India accounted for lucrative revenue share in the global POS terminals market in 2016, registering a CAGR of 9.9% over the forecast period (2017–2026). The market in Europe accounted for moderate revenue share in the global POS terminals market in 2016, registering a CAGR of 9.0% over the forecast period (2017–2026).
Key players operating in the global POS terminals market include Ingenico Group, VeriFone, Inc., Fujian Newland Payment Technology Co., Ltd., Fujian LANDI Commercial Equipment Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd., New Pos Technology Ltd., Bitel LLC, Cybernet Manufacturing, Inc., Castles Technology Co., Ltd., PAX Technology, Inc., and SZZT Electronics Shenzhen Co., Ltd.
Table Of Content:
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
2.0 Chapter 2
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Product Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
- 2.2.4 Prudour Opportunity Map Analysis
3.0 Chapter 3
- 3.0.1 Global POS Terminals Market Dynamics
- 3.0.2 Drivers (D)
- 3.0.3 Restraints (R)
- 3.0.4 Opportunities
- 3.0.5 Trends
- 3.0.6 DR Impact Analysis
- 3.0.7 PEST Analysis
- 3.0.8 PORTER’S Five Forces Analysis
- 3.0.9 Historic Product Evolution – POS Terminal Devices
- 3.0.10 Product Information
- 3.0.11 Number of Non-cash Transactions, by Region
- 3.0.12 Global e-Payments and m-Payments Transactions Volume (Bn)
- 3.0.13 POS Terminal – Key Components
- 3.0.14 System Deployment Models
- 3.0.15 Payment Procedure
- 3.0.16 Manufacturing Cost Structure Analysis
- 3.0.17 Pricing Analysis
- 3.0.18 Value Chain Overview
4.0 Chapter 4
- 4.0.1 Global POS Terminals Market Analysis, by Product Type
- 4.0.2 Overview
- 4.0.3 Segment Trends