Point-of-Sale (POS) Terminals Market - Global Industry Trends, Analysis And Segment Forecasts To 2020 - Point-of-Sale (POS) Terminals Market, Outlook, Size, Application, Product, Share, Growth 12/15/2014 Prospects, Key Opp Home | Careers | Login | Register Go Search Reports & Publications Our Services Ongoing Reports Market Monitoring Press Room About Us Blog Contact Us Home C ommunication services Point-of-Sale (POS) Terminals Market Analysis By Product (Fixed, Mobile), By C omponent (Hardware, Software), By Application (Retail, Hospitality, Healthcare, Warehouse, Entertainment) And Segment Forecasts To 2020 Point-of-Sale (POS) Terminals Market Analysis By Product (Fixed, Mobile), By Component (Hardware, Software), By Application (Retail, Hospitality, Healthcare, Warehouse, Entertainment) And Segment Forecasts To 2020 Published: November 2014 | ISBN Code: 978-1-68038-263-1 Report Summary Table of Contents Segmentation Methodology Download Free Sample Industry Insights The POS terminals market has w itnessed considerable grow th in recent years ow ing to ease of use and improved return on investment being offered by these systems. Advanced POS systems offer higher durability and reliability as compared to their traditional counterparts such as cash registers; this has resulted in significant reduction in total cost of ow nership (TCO), thereby increasing POS terminals market demand in small and medium size businesses (SMBs). The introduction of chip-embedded payment cards, and personal identification number (PIN) has minimized security concerns pertaining to sensitive data theft, w hich is expected to augment POS terminals market grow th. The global POS terminals market w as valued at over USD 30 billion in 2012. Smart card EFT (Electronic Funds Transfer) terminals are capable of reading both, smart cards and magnetic stripe payment cards. Increased demand for mobile terminals is expected to drive market grow th. Need for extensive and complex list of governmental regulations and certifications is expected to restrain market grow th. Apple Pay, w hich w as introduced in October 2014, has potential to replace traditional POS terminals in the distant future. Players such as PayPal w hich are connected to iPad POS can take advantage of retailers w hose Choose License Type: Single User - $4,700 Buy Now Inquiry Before Buying 24/7 Research Support Call us or w rite to us Phone: 1-415-349-0058 Toll Free: 1-888-202-9519 Email: [email protected] storefronts have been iBeaconized. Leading solution providers have emphasized on the integration of POS systems w ith capabilities such as inventory, pricing, digital signage and security, to expand their presence in the POS terminals market. Product Insights mPOS terminals are expected to replace the current transaction and payment techniques ow ing to their improved features such as mobility and better user experience. They allow sales and service industries to conduct financial transactions remotely for improving customer experience. Mobile POS terminals have low initial cost as compared to their traditional counterparts leading to increasing demand from SMBs. Retail and hospitality sector have experienced significant grow th in demand for mPOS solutions, driven by increased need for customer analytics features and high ROI. Increased penetration of Near Field Communication (NFC) based mobile handsets is expected to augment demand for NFC POS terminals, w hich are primarily used in the transportation sector for ticketing transactions. W ireless/mobile POS terminals make use of technologies such as W i-Fi, CDMA, GPRS and 802.11 for communication, and provide significant reduction in cost per transaction in regions of high telecommunication costs. Surge in affordable w ireless communications technologies and universal acceptance of TCP/IP connectivity enabled terminals are factors conducive to mobile POS terminals market grow th. Component Insights The POS softw are market has w itnessed steady grow th ow ing to increased demand from retail and hospitality businesses to increase operational efficiency. POS softw are has been increasingly adopted by w holesalers to enable the procurement of the right product in the right place and price w hen the customer demands it, and for building better forecasts, improving w arehouse efficiency. Adoption of hardw are interface standards is expected to favorably impact POS hardw are market grow th. Application Insights POS terminals have w ide range of applications in numerous sectors such as entertainment, healthcare, hospitality, retail, and w arehousing, w hich include bill printing and payment, inventory management and loyalty programs. The POS systems market is fragmented across verticals, establishing the need for resellers to understand the unique differences betw een each segment. Traditional SMB retail is expected to be the largest market segment over the forecast period, follow ed by dining and hospitality. Healthcare is also expected to be a key application segment ow ing to increased usage in payments and patient data tracking services. Regional Insights Traditionally strong markets in the U.S. and Western Europe have experienced market saturation. Asia Pacific is expected to exhibit high grow th due to increased SMBs and reduction in TCO. The Indian and Chinese markets are expected to expand on account of proliferation in the number of retail stores. The presence of a large base of softw are engineers in India is expected to favorably impact the softw are market segment over the forecast period. http://www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market 1/2 Point-of-Sale (POS) Terminals Market - Global Industry Trends, Analysis And Segment Forecasts To 2020 - Point-of-Sale (POS) Terminals Market, Outlook, Size, Application, Product, Share, Growth 12/15/2014 Prospects, Key Opp Competitive Insights Industry participants include Cisco Systems, Inc., Hew lett-Packard Company, Ingenico S.A., MICROS Systems, Inc., NEC Corporation, Panasonic Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., Toshiba Corporation, and VeriFone Systems Inc. The POS terminals market is consolidated ow ing to increased mergers and acquisitions being carried out, for instance VeriFone’s acquisition and integration of Hypercom's global business, and Ingenico’s acquisition of the POS terminals business of Sagem Monetel. Request for Customization >> More Information Help Join Us Grand View Research is registered in the State of California at Grand View Research, Inc. Customer FAQ Facebook 28 2nd Street, Suite 3036, San Francisco, CA 94105, United States How To Order Tw itter Phone: +1-415-349-0058 or 1-888-202-9519 | Email: sales@grandview research.com Privacy Policy Hours: Monday - Thursday: 9:00am - 5:00pm PST | Fridays: 9:00am - 4:30pm PST Terms Of Use Linkedin Sitemap Google+ © Copyright 2014 Grand View Research, Inc. and its Affiliates. All Rights Reserved. http://www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market 2/2
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