POS Terminal Market Report 2016-2024

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POS Terminal Market Outlook
Global POS Terminal Market Outlook 2024 Global
Opportunity Growth Analysis, 2016-2024
Report Code CHM 1958
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Global POS Terminal Market Size (USD
Billion)-2016-2024
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• POS Terminal Market is anticipated to expand at a
  compound annual growth rate of XX during the
  forecast period i.e. 2016-2024. The market is
  anticipated to reach USD XX Billion by the end of
  2024. Ease of use and improved return on
  investment (ROI) offered by these systems has
  favorably impacted the market. Increased demand
  for mobile POS (mPOS) terminals such as smart
  card EFT (Electronic Funds Transfer) is estimated
  to drive the market.
• Fixed POS terminal industry, dominated the
  overall revenue share in 2016 by XX. For any
  retailer considering a new POS software, advanced
  import / export functions is a key feature as it
  determines how quickly one will be able to load
  your products into a new system and, even more
  importantly, whether you can retrieve your data
  should you wish to eventually switch systems. A
  solid POS will include the option to save import
  mapping as templates so that one can more easily
  import standardized spreadsheets such as new
  product lists from suppliers.
• Further, as credit and debit cards continue to
  grow in popularity, it is increasingly important
  for business owners to manage the cost of their
  monthly processing fees. Merchant services like
  card processing are an important added value as
  they offer better cashflow and minimize theft,
  but depending on the provider, processing fees
  can easily eat into profit margins. Such benefits
  are expected to increase the adoption of POS in
  near future.

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Global POS Terminal Market Outlook

• The global POS terminal market size is
  registering an impressive growth of XX in 2016
  and all the four regions Americas, Asia-Pacific,
  Europe, Middle East and Africa demonstrating
  positive growth prospects in near. North America
  stood as the largest POS Terminal Market in 2016,
  followed by Europe. Whereas, over the forecast
  period (2016-2024) Asia Pacific is projected to
  grow at highest CAGR of XX, due to increasing
  adoption of cashless system of economy.
• Globally, the research study reflects that
  factors such as nativity, security, ease of use,
  availability, convenience, intention to use,
  complexity of the technology are among the top
  factors influencing the use of POS terminals.
• Mobile POS payments contributed to the digital
  payments value with about XX or USD XX billion
  in 2017. Given the high internet coverage and
  smart device penetration, the adoption of digital
  payment services in developed countries is mainly
  a question of convenience and added value to the
  existing infrastructure.
• The future of payments is obvious that the way we
  pay for goods and services, online as well as
  offline, is about to change radically due to
  emerging digital services. China has emerged as a
  mobile-first country, that sets the standards for
  mCommerce shopping as well as mobile
  POS-solutions very high.
• Global Digital Payments are expected to double
  their transaction value by 2022 to reach USD XX
  billion. Mobile Payments are expected to grow
  almost 6-fold between 2017 and 2022 at a compound
  annual growth rate of XX. At the same time,
  Digital Commerce volume is expected to grow at
  XX. Having a look at regional differences, the
  U.S., Europe and China will account for XX of
  the global Digital Payment transaction value by
  2022. Chinas share of the global transaction
  volume will increase to USD XX billion or XX.
• Although growth rates show high double-digit
  figures in the Western world, relevant market
  growth is added by mobile-first countries,
  especially China, in the next couple of years.

Working Population
Sample
Internet Penetration
Connectivity Infrastructure
Government Cashless System
Global POS Terminal Market Size (USD Billion)
North America
Europe
Asia-Pacific
USD XX Billion
2016
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
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• Growing Adoption of Near-field Communication
  (NFC) Technology for Payments
• Ease of use and improved return on investment
  (ROI) offered by cloud computing NFC has
  favorably impacted the market. Increased demand
  for mobile POS (mPOS) terminals such as smart
  card EFT (Electronic Funds Transfer) is also
  estimated to drive the market.
• Increased penetration of NFC-based
  smartphones is expected to increase NFC POS
  terminals demand. This is attributed to
  worldwide recognition of TCP/IP connectivity
  enabled terminals and increase in affordable
  wireless communication technologies.
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Global Shipment of NFC Ready POS and NFC Ready
Mobile POS (mPOS) Terminals, 2016
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Impact on Global POS Terminal Market
Asia Pacific Penetration of Internet
Connectivity, 2016-2020
China Digital Payment Market, 2016-2024
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Market Trends Opportunities
Global Digital Payments transaction value (USD
Billion), 2024
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Large players such as PayPal, Apple, Amazon
Facebook are putting significant amounts of money
into online and mobile payment solutions. The
ongoing development from separate online shops
towards integrated online shopping ecosystems, in
particular the merger of shopping and social
media / messaging, enables new business models
and opportunities for digital payment methods.
These two payment providers cover almost the
entire Chinese Mobile Payment market. Paying the
taxi driver, buying a coffee to go on the way to
work, ordering cinema tickets and splitting the
bill between friends its all covered by one
single payment app. And this is what will
probably come to Europe and the U.S. as well
(sooner or later). In Europe we observe an
evolving FinTech start-up landscape, especially
in Online and Mobile Banking. However, market
dynamics and pervasion of innovative FinTech
solutions are not comparable to China or the U.S.
Future applications ? Checkout areas will
become obsolete. Supermarket customers will pay
for their goods using their jackets or coats. ?
Pay-as-you-go There is no more need for tickets
in public transportation systems. When boarding a
bus, payments can be triggered by passengers
shoes. ? Vehicles with integrated payment
features enable a contactless payment of
refueling and parking charges.
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North America POS Terminal Market Attractiveness,
By Country, 2016-2024
CAGR ()
Market Size (USD Billion)
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North America POS Terminal Market BPS Analysis,
By Country, 2016-2024
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Research
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