Zion Market Research has published a new report titled “Point-of-Sale (POS) Terminals Market By Type (Fixed POS Terminals and Wireless and Mobile POS), By Component (Hardware and Software) for Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2022”. According to the report, the global Point-of-Sale (POS) terminals market was valued at approximately USD 45.97 billion in 2016 and is expected to reach approximately USD 98.27 billion by 2022, growing at a CAGR of around 13.5% between 2017 and 2022.
A point of sale terminal (POS) is an electronic device which is used to process card payments at retail locations. The point of sale terminal system involves records maintenance and tracking customer orders, processing credit and debit cards and connecting to other systems in a network. It is the computerized replacement for a cash register. POS terminal machines are used to accept cards for payment of service and good. POS terminal allows a cardholder to have a real time online access to funds and information in a bank account through its debit or cash cards.
Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/point-of-sale-terminals-market
An increasing number of e-commerce transactions is one of the primary growth factors for POS market. The rising adoption of mobile devices such as smartphones and tablet computers is also driving the growth of the e-commerce market. The Recent shift in customer preferences towards high volumes of non-cash transactions and availability of addition payment options is anticipated to augment the demand for these systems. However, security concern and lack of awareness of small businesses can impact the growth of the market.
The point of sale terminals market is segmented on the basis of product, component, region and application. Product segment includes fixed POS terminal & wireless and mobile POS terminal. On the basis of component segment point of sale terminals market is segmented as hardware and software. Application segments of this market are retail, hospitality, healthcare, warehouse, entertainment, and others. At present retail segment is dominating the market due to the high & low volume of transaction. It simplifies the accounting process, offers easy to look up past transactions, creates purchase orders, provides faster service than old-fashioned cash registers, and it can also cut down on user errors. On the basis of the component, the point of sale terminals market segmented as hardware and software. Due to increasing demand from retail businesses and hospitality the POS software segment is expected to reveal high growth over the forecast period.
Browse the full “Point-of-Sale (POS) Terminals Market By Type (Fixed POS Terminals and Wireless and Mobile POS), By Component (Hardware and Software) for Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2022” report at https://www.zionmarketresearch.com/report/point-of-sale-terminals-market
Key industry participants in global Point of sale terminals market (POS) market includes Cisco Systems, Inc., MICROS Systems, Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., NEC Corporation, and VeriFone Systems Inc.
Inquire more about this report @ https://www.zionmarketresearch.com/inquiry/point-of-sale-terminals-market
The report segments global point-of-sale (POS) terminal market into:
Global Point-of-sale (POS) Terminals Market: Product Segment Analysis
- Fixed POS Terminal
- Wireless and Mobile POS Terminal
Global Point-of-sale (POS) Terminals Market: Component Segment Analysis
Global Point-of-sale (POS) Terminals Market: Application Segment Analysis
Global Point-of-sale (POS) Terminals Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
For more inquiry contact our sales team @ firstname.lastname@example.org
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles.
Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Company Name: Zion Market Research
Contact Person: Joel John
Email: Send Email
Address:4283, Express Lane, Suite 634-143
Country: United States