Point of Sale Terminals Market share to exceed $103bn by 2023

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Point of Sale Terminals Market share to exceed
USD 103 billion by 2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of POS Terminals Market

• A research analysis on POS Terminals Market says
  that Global (Point of sale) POS terminals market
  size was USD 40 billion in 2015, and it is
  projected to reach USD 103.52 billion by 2023.
• The growing innovations and increasing adoptions
  of electronic devices across the globe will
  stimulate (Point of sale) POS terminals market
  share over the period of 2016 to 2023. The
  deployment of POS across the various sectors such
  as healthcare, commercial, retail e-commerce,
  etc. will enhance the productivity with the
  features such as improved customer satisfaction,
  faster table turns, and low cost, which will in
  turn generate heavy demand for POS terminals
  worldwide.
• On the basis of application, POS terminals market
  is segmented into healthcare, retail,
  entertainment, hospitality, and warehouse. The
  retail sector dominated the Point of sale
  industry in 2015, by accounting for 30 of the
  total share. The incorporation of advanced
  features in POS terminal machine such as improved
  billing processes, inventory tracking,
  maintaining customers record, data backup, and
  offering special discounts will facilitate POS
  terminals market size in the retail sector over
  the coming years.

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Continued

• Furthermore, its effective operational efficiency
  will drive retail POS terminals market trends
  lucratively. The healthcare point of sale
  terminals will exhibit a lucrative growth over
  the coming timeframe, owing to the escalating
  expenditure along with growing investment in the
  healthcare sector. The ability of POS terminals
  to track the patient information and improving in
  fracture will be other notable attributing
  factors towards the industry growth.
• The emerging economies such as Asia Pacific will
  exhibit remarkable opportunities for the industry
  players, owing to the growing retail outlets such
  as hypermarkets and supermarkets. As per the
  study, APAC POS terminals market will collect a
  revenue of USD 31 billion by 2023. China and
  India will contribute noticeably towards the
  regional growth trends. The surging demand for
  mobile devices such as tablets and smartphones
  across the APAC will propel the industry size
  over the period of 2016 to 2023.
• mPOS (mobile point of sale) terminals market is
  anticipated to register an annual growth rate of
  more than 19 over the coming six years.

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India POS Terminals Market size, by application,
2012-2023 (USD Billion)

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Continued.

• The mobile and fixed are two major products of
  POS terminals market. Most of the customers today
  are leaning towards the technological
  advancements such as smartphones, internet, and
  tablets, which will further drive the mPOS
  industry size significantly over the coming
  years.
• The availability of game changing features such
  as enhanced user experience and mobility will
  impact positively on mobile POS terminals market
  size. Moreover, merchants are adopting this
  device to attract more customers, due to
  simplicity, convenience, and flexibility offered
  by POS terminals while making payments.
• Taking into account the component, POS terminals
  market is segmented into hardware and software.
  Globally, adoptions of mobile system are
  increasing, thereby catalyzing the growth of
  tablet-based POS software industry. The tablets
  with POS software are used for monitoring stocks,
  supervising stock records, and taking credit card
  payments in the retail sectors.

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Continued.

• Considering regional outlook, North America POS
  terminals market dominated the regional landscape
  in 2015 and will continue its dominance over the
  coming years, owing to the strict government
  norms to use advanced NFC and EMV-enabled devices
  instead of traditional devices. The expanding
  mPOS (mobile point of sale) terminals market in
  the U.S. will fuel the North America regional
  growth considerably.
• Market players are focusing on business
  strategies such as mergers acquisitions and
  strategic collaborations to gain competitive edge
  over the coming years. Ingenico Group, PAX
  Technology Inc., VeriFone Systems, Inc., Cegid
  Group, NCR Corporation, CDL Logistics Group,
  Citixsys Inc., Cisco Systems, LS Retail are some
  of the key market players in the POS terminals
  industry.

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