Point of Sale Terminals Market Present Scenario and Growth Prospects from 2017 to 2024

POS Terminals Market Pit Falls and Growth Prospects from 2017 to 2024:
Global Market Insights Inc.
Point of Sale (POS) terminals market popularity of wireless communication technology
and high demand across application areas are key growth drivers. (Point of Sale) POS
Terminals Market size is set to exceed USD 125 billion by 2024; according to a
research report by Global Market Insights, Inc. The global shipments are set to witness
a double-digit growth rate in the coming years.
The POS terminals market is anticipated to witness considerable growth over the
forecast timespan owing to the rising demand across several applications such as
entertainment, healthcare, hospitality, retail, and warehouse. Increasing
advancements in technologies and the growing demands for contactless payments,
coupled with the adoption of NFC devices in the industry are anticipated to boost the
global POS terminals market demand.
Owing to the surge in the popularity of e-commerce in the recent years, an increase in
the number of online shoppers has been witnessed. The increasing demands from
customers, and the changing customer needs has compelled several vendors to focus
on implementing online sales segment for their businesses. The vendors are
concentrating on replacing their physical stores with e-commerce channels, which has
led to a speedy growth of e-commerce transactions. Moreover, the developments in
design & engineering and the low pricing of the terminals has made them affordable
for most of the vendors.
The rising penetration of the Internet and payment solutions, such as online payments,
stationary phone and mobile payments, has given an impetus to the POS terminals
market. The systems are gradually shifting towards digital format, with e-mail and
electronic receipts allowing paper free transactions. In addition, increased adoption of
debit and credit cards has generated a high demand for these devices. With the
advancements in payment technologies, the industry is migrating towards EMV chip
card payments which is anticipated to further fuel the POS terminals market
momentum in the next seven years.
A key challenge for the industry participants is the privacy and security concerns
associated with data breaches. The non-compliance towards Payment Card Industry
1 | P a g e

Data Security Standard (PCI-DSS) is increasing the prospect of card data breaches,
which is resulting in the financial impacts. The migration of the global payments market
towards more secure chip card technology is anticipated to subdue the impact of this
challenge.
China POS Terminals Market Size, By Application, 2016 & 2024 ($Bn)
Rise in the reasonably priced wireless communications technologies is fueling the
mobile POS terminals market demand. Presence of universal wireless connectivity
such as Bluetooth, and the availability of mobile card readers, scanners, printers, and
other devices has driven the industry growth. This growth has encouraged retail and
hospitality industries to leverage new strategies and applications to offer a seamless
customer experience.
The healthcare application is expected to witness high growth opportunities owing to
the rising need to streamline payment practices which is determined to drive the POS
terminals market demand. The systems are enabling the exchange of healthcare data
which includes administrative, clinical and financial data, through a secure and safe
infrastructure. With the rise in high deductible insurance plans, and the patients desire
to negotiate healthcare costs in real-time it has led to an increased number of card
based payments by patients thereby fueling the system installations at healthcare
institutions and providing a growth impetus to the POS terminals market.
The APAC POS terminals market is predicted to witness substantial growth owing to
the growing usage of smartphones and the considerable unbanked population in
densely inhabited countries. Increasing number of healthcare facilities coupled with
the developing payment landscape is anticipated drive the demand. In addition, China
and India POS terminals market are anticipated to act as an impetus in generating a
demand for the systems owing to a speedy increase in the number of businesses and
SMEs.
2 | P a g e

The key industry players include VeriFone Systems Inc., Toshiba Corporation, Squirrel
Systems, Shenzhen Xinguodu, Samsung Electronics Co., Ltd., Panasonic
Corporation, PAX Technology, NEC Corporation, NCR Corporation, Ingenico Group,
Fujian Newland and Cisco Systems, Inc. The industry is growing steadily with
extensive demands, industry players are investing in R&D to gain a competitive
advantage, which is anticipated to result in mergers and acquisitions. In the industry,
the number of solution providers and manufacturers are likely to increase, thereby
escalating industry competition in the coming years.
Browse key industry insights spread across 280 pages with 211 market data tables &
81 figures & charts from the report, “(Point of Sale) POS Terminals Market Size By
Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By
Product (Mobile, Fixed), By Component (Software, Hardware), Industry Analysis
Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy,
Russia, South Korea, China, India, Japan, Brazil), Application Potential, Price
Trends, Competitive Market Share & Forecast, 2017 - 2024” in detail along with the
table of contents:
https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market
Segmentation of Point of Sale Terminals Market:
POS terminals market research report includes in-depth coverage of the industry with
estimates & forecast in terms of volume in unit shipments and revenue in USD from
2012 to 2024, for the following segments:
• POS Terminals Market, By Application
o Entertainment
o Healthcare
o Hospitality
o Retail
o Warehouse
o Others
• POS Terminals Market, By Product
o Mobile
o Fixed
• POS Terminals Market, By Component
o Software
3 | P a g e

o Hardware
The above information has been provided on a regional and country basis for the
following:
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Russia
• Asia Pacific
o China
o India
o Japan
o South Korea
• Latin America
o Brazil
• Middle East & Africa
4 | P a g e

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
5 | P a g e