Point of Sale Terminals Market shipments of over 30 million units by 2024
Request Sample of Report @ http://bit.ly/1WnLOOV POS terminals market revenue across APAC is set to experience a lucrative expansion in the future with the large-scale use of smartphones, Android Phones, and tablets. Densely populated regions such as India and China are expected to spur the regional growth. U.S. POS terminals industry is expected to leverage the development of North America POS terminals industry over the years ahead with the government promoting the use of EMV and NFC enabled instruments.
Request Sample of Report @ http://bit.ly/1WnLOOV
POS terminals market revenue across APAC is set to experience a lucrative expansion in the future with the large-scale use of smartphones, Android Phones, and tablets. Densely populated regions such as India and China are expected to spur the regional growth. U.S. POS terminals industry is expected to leverage the development of North America POS terminals industry over the years ahead with the government promoting the use of EMV and NFC enabled instruments.
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<strong>Point</strong> <strong>of</strong> <strong>Sale</strong> <strong>Terminals</strong> Industry to cross $125bn <strong>by</strong> <strong>2024</strong>:<br />
Global <strong>Market</strong> Insights Inc.<br />
Ezetap’s recent acquisition <strong>of</strong> FortunePay is a vital indicator <strong>of</strong> the growth in (<strong>Point</strong> <strong>of</strong><br />
<strong>Sale</strong>) POS <strong>Terminals</strong> market. Similar to the growth strategies adopted <strong>by</strong> most<br />
markets, mergers & acquisitions and novel product launches primarily form the<br />
strategy landscape <strong>of</strong> POS terminals industry as well. In June 2017, Bangalore based<br />
POS firm Ezetap had acquired FortunePay, an online payment & physical payment<br />
service provider to banks in India.<br />
This deal is anticipated to help Ezetap avail the latter’s infrastructure and become a<br />
sole payment service provider for the traders in India. Earlier in June 2014, Ezetap<br />
had also collaborated with SBI (State Bank <strong>of</strong> India) to install 500,000 point <strong>of</strong> sale<br />
terminals across India <strong>over</strong> the coming five years. With more and more companies<br />
undertaking strategic tactics, POS terminals market is sure to carve out an appreciable<br />
growth map <strong>over</strong> 2017-<strong>2024</strong>.<br />
In January 2017, Fujitsu, a Japanese multinational IT equipment & service firm,<br />
launched Fujitsu TP8TM, a family <strong>of</strong> retail POS terminals, which was developed to<br />
optimize and improve the online payment performance across supermarkets,<br />
department stores, drug stores, and mass merchant stores. The new product also<br />
enhances the shopping experience <strong>of</strong> the customers across retail stores through its<br />
exceptional modularity. These new product innovations are expected to result in the<br />
robust expansion <strong>of</strong> POS terminals market.<br />
In February 2017, OMA Emirates Group, a UAE based payment service provider,<br />
purchased MobiSwipe, one <strong>of</strong> the leading mPOS service providers. The acquisition<br />
will help OMA to expand its service portfolio across APAC, Middle East, and East<br />
Europe. MobiSwipe permits traders to make use <strong>of</strong> smartphones and tablets as POS<br />
terminal devices to accept payments via debit or credit cards.<br />
In a vital breakthrough, MobiSwipe, now a part <strong>of</strong> the OMA Emirates Group, in April<br />
2017, announced the setup <strong>of</strong> more than 50,000 mPOS terminals in India within nine<br />
months. This is an instance <strong>of</strong> how major firms have been taking key initiatives to<br />
promote cashless deals in the country and explore new business growth avenues<br />
across India (<strong>Point</strong> <strong>of</strong> <strong>Sale</strong>) POS terminals industry.<br />
In May 2017, Mswipe, a startup firm in the mPOS terminals industry, formed a joint<br />
venture with PayU India, a digital payment service provider, to expand its online<br />
payment business through the purchase <strong>of</strong> the latter’s <strong>of</strong>fline merchant acquiring<br />
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usiness. As per the reports from reliable sources, PayU had acquired more than 9000<br />
<strong>of</strong>fline traders across India, who, along with their point <strong>of</strong> sale business will be moved<br />
to Mswipe. Dealers transacting with Mswipe can now use PayU India’s online payment<br />
options. According to expert opinions, the strategic alliance between the online<br />
payment service providers will benefit both in terms <strong>of</strong> revenue generation as well the<br />
consolidation <strong>of</strong> their positions in POS terminals market.<br />
In July 2017, ScanSource Incorporation, a leading service provider <strong>of</strong> point-<strong>of</strong>-sale,<br />
barcode, networking, and data solutions, acquired POS Portal Incorporation,<br />
distributor & renter <strong>of</strong> POS devices, for USD 144.9 <strong>million</strong> to extend and improve its<br />
POS payment services across the globe. This is ScanSource’s sixth acquisition since<br />
last three years, with its recent purchase being Intelisys, a technology service<br />
distributor and master agent <strong>of</strong> carrier, telecom, & cloud solutions, for USD 83.6 <strong>million</strong><br />
in June 2017.<br />
China POS <strong>Terminals</strong> <strong>Market</strong> Size, By Application, 2016 & <strong>2024</strong> ($Bn)<br />
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The month <strong>of</strong> July also witnessed NEXTEP SYSTEMS, a provider <strong>of</strong> self-order POS<br />
services, form a strategic alliance with LevelUp, the largest mobile payment platform<br />
developed <strong>by</strong> Massachusetts-based startup firm SCVNGR. The alliance will enhance<br />
the service efficiency <strong>of</strong> both the firms <strong>by</strong> <strong>of</strong>fering more effective and user-friendly<br />
online payment options.<br />
Speedy self and mobile ordering operations, ensuring a seamless and personalized<br />
experience for the users are expected to spur the business expansion and ROI <strong>of</strong> both<br />
these firms, there<strong>by</strong> providing a boost to POS terminals industry. Global <strong>Market</strong><br />
Insights, Inc., claim POS terminals market value to surpass USD 125 billion <strong>by</strong> <strong>2024</strong>.<br />
POS terminals market revenue across APAC is set to experience a lucrative<br />
expansion in the future with the large-scale use <strong>of</strong> smartphones, Android Phones, and<br />
tablets. Densely populated regions such as India and China are expected to spur the<br />
regional growth. U.S. POS terminals industry is expected to leverage the development<br />
<strong>of</strong> North America POS terminals industry <strong>over</strong> the years ahead with the g<strong>over</strong>nment<br />
promoting the use <strong>of</strong> EMV and NFC enabled instruments.<br />
POS terminals industry is an evolving business sector with big players investing<br />
heavily in R&D activities to develop new technologies and products for gaining<br />
competitive edge. It is more likely that rapid expansion <strong>of</strong> POS terminals market will<br />
encourage new service providers and manufacturers to enter the business further<br />
encouraging the existence <strong>of</strong> fierce competition in the industry. VeriFone Systems<br />
Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba<br />
Corporation are some <strong>of</strong> the major brands <strong>of</strong> POS terminals industry.<br />
Browse key industry insights spread across 280 pages with 211 market data tables &<br />
81 figures & charts from the report, “(<strong>Point</strong> <strong>of</strong> <strong>Sale</strong>) POS <strong>Terminals</strong> <strong>Market</strong> Size By<br />
Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By<br />
Product (Mobile, Fixed), By Component (S<strong>of</strong>tware, Hardware), Industry Analysis<br />
Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy,<br />
Russia, South Korea, China, India, Japan, Brazil), Application Potential, Price<br />
Trends, Competitive <strong>Market</strong> Share & Forecast, 2017 - <strong>2024</strong>” in detail along with the<br />
table <strong>of</strong> contents:<br />
https://www.gminsights.com/pressrelease/point-<strong>of</strong>-sale-pos-terminals-market<br />
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About Global <strong>Market</strong> Insights<br />
Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market<br />
research and consulting service provider; <strong>of</strong>fering syndicated and custom research<br />
reports along with growth consulting services. Our business intelligence and industry<br />
research reports <strong>of</strong>fer clients with penetrative insights and actionable market data<br />
specially designed and presented to aid strategic decision making. These exhaustive<br />
reports are designed via a proprietary research methodology and are available for key<br />
industries such as chemicals, advanced materials, technology, renewable energy and<br />
biotechnology.<br />
Contact Us:<br />
Arun Hegde<br />
Corporate <strong>Sale</strong>s, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone: 1-<strong>30</strong>2-846-7766<br />
Toll Free: 1-888-689-0688<br />
Email: sales@gminsights.com<br />
Web: https://www.gminsights.com<br />
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