POS Terminals Market Scope 2023:
The market scope for POS terminals is huge and vast, given the variety of payment experiences that can be offered. From cashless to online payments, various options are available to suit customers’ needs. There are also a number of models of POS terminals in the market ranging from fixed, counter-top ones to mobile options. They come with a number of features in terms of design, hardware compatibility and display – some offer quick transactions while others have long-term transaction logging capabilities. Furthermore, feature integration with other business applications as well as modern cloud-based techniques raise the level of convenience that can be availed via these intelligent systems. That said, traditional POS terminal manufacturers have been continuously innovating and launching new products with advanced features which keeps the industry dynamic and competitive.
The POS terminals market is growing rapidly, with the global market expected to reach an estimated value of $73 billion by 2026. This growth has been driven largely by evolving consumer preferences and the increasing adoption of digital payment methods across industries. In addition, technological advances such as cloud computing, mobile payments, and contactless payments are also helping to drive this growth. Furthermore, increased consumer spending on goods and services in sectors such as retail, hospitality, transportation, healthcare, and others is contributing to the expansion of POS terminals worldwide.
“POS Terminals Market is projected to reach USD 178.78 Billion by 2030 from USD 90.38 Billion in 2022 at a CAGR of 8.9% from the year 2023 to 2030.”
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Major Key Players Analysis are covered in POS Terminals Market are listed below:
- VeriFone Systems
- Micros Systems
- Ingenico S.A.
- Pax technology Limited
- Squirrel Systems
- Toshiba Corporation
- POS Direct Ltd
- Panasonic Corporation
- NEC Corporation
- NCR CorporationHewlett-Packard Corporation
- Samsung Electronics.
- First Data
- PAX Global Technology
- NCR Diebold Nixdorf
- Castles Technology
To provide an in-depth analysis of the market, the study examines SWOT and Porter’s five forces. By gathering data on key players, secondary research was used to investigate and predict market entities. The study examines and analyses global trends, as well as current events and opportunities in the region. The POS Terminals market research was developed following an investigation of the market’s primary competitors.
Major Segments and Sub-Segment of POS Terminals Market are Listed Below:
Segments BY TYPE
- Portable Countertop & PIN Pad
- Smart POS
Segments BY COMPONENTS
- POS Software & Services
Segments BY APPLICATION
- Sports & Entertainment
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In this study, the years considered to estimate the market size of POS Terminals are as follows:
- History Year: 2016-2020
- Base Year: 2021
- Estimated Year: 2022
- Forecast Year 2022 to 2028
POS Terminals market research provides detailed information on all of the world’s major regional markets. It includes both qualitative and quantitative data on the market’s drivers, restraints, and potential for future growth. The study provides a comprehensive analysis of global market segmentation, including revenue, share, and potential expansion opportunities by region and country.
Regional Analysis Covered in this report:
- North America [United States, Canada]
- Europe [Germany, France, U.K., Italy, Russia]
- Asia-Pacific [China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia]
- Latin America [Mexico, Brazil, Argentina]
- Middle East & Africa [Turkey, Saudi Arabia, UAE]
COVID-19 Impact Analysis
The COVID-19 impact analysis investigates the pandemic’s impact on the target market in terms of the current situation and projections for the near future. The POS Terminals market research seeks to provide a more in-depth examination of the current situation, the economic downturn, and the impact of COVID-19 on the entire industry. The study incorporates market breakdown and data triangulation techniques, including precise information for all segments, sub-segments, and market growth, to complete the full process of market research and analysis.
Table of Contents – Major Key Points
- Research Methodology
- Market Dynamics
- Impact Analysis
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Global POS Terminals Market Segmentation, By Type
- Global POS Terminals Market Segmentation, By Component
- Global POS Terminals Market Segmentation, By Application
- Regional Analysis
- Company Profiles
- Competitive Landscape
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