The analysts forecast global POS printer market to grow at a CAGR of 7.77% during the period 2016-2020.Increasing usage of debit/credit card by users across various channels (such as POS terminals, retail stores and other sectors), the advent of cashless transactions, and requirement for receipts to track financial data will drive the demand for POS printers in the market.
Complete report on POS printer market spread across 47 pages, analyzing 3 major companies and providing 21 data exhibits is now available at:
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The emergence of the erasable printing technology is expected to contribute to the POS printer market growth during the forecast period. In cases where there is inappropriate content or ink on a page, the erasable technology can remove the ink using heat through the heat plate placed in the printer. It helps save paper, and can also benefit the vendors in terms of the paper imports and stock keeping costs.
Market segmentation by type of POS printers market – Impact and Thermal
The thermal printer segment accounted for 69% of the market share during 2015 and is expected to retain its market dominance until the end of 2020. The rising demand for this technology from various application segments such as restaurants, banks, retail, and other heavy-use environments is driving the growth of this segment. The report predicts features in this printer such as NFC, RFID, and Bluetooth to fuel the market growth until the end of the forecast period.
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The Americas dominated the market during 2015 with a market share of around 48%. The adoption of the POS terminals and the connected POS printers by the small enterprises is driving the growth of the market in this region. The US is the market leader in this region, contributing significantly to the growth of POS printers market.
HP is a leading provider of products, technologies, software, solutions, and services in the POS printer market. The company’s key strategies involve delivering quality products, high-tech technology support services, and differentiated, integrated solutions. Other international players are also expected to follow the trend with investments in upgrading existing technologies. The competitive environment in this market is expected to intensify further in the emerging countries during the forecast period.
It also includes an insightful analysis of the leading vendors in POS printer market such as HP, Seiko Epson, and Star Micronics.
The other prominent vendors of the market include Bixolon, Boca Systems, Cognitive TPG, CUSTOM SPA, NCR, Pertech Industries, Woosim, and Zebra.
Further, the POS printer market report states that the increasing use of e-documents by mobile phone users that save documents to track their financial transactions hinders the sales of PoS printers.
Another related report is Global POS Terminals Market in the Retail Sector 2015-2019; the analysts forecast global POS terminals market in the retail sector to grow at a CAGR of 13.37% in terms of revenue during 2014-2019. In the forecast period, a number of large retailers and small and medium-sized businesses are expected to shift back-end process to SaaS or hosted platforms in the cloud. This will enable them to store a large amount of data that can be accessed from anywhere across the globe by authorized personnel.
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Key players in the Global POS Terminals Market in the Retail Sector: Ingenico Group, PAX Global Technology, Toshiba and Verifone
Other Prominent Vendors in the market are: Panasonic and NEC
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