According to a new market report published by Credence Research, “Point of Sale (POS) Terminals Market (Restaurants, Hospitality, Healthcare, Retail, Warehousing/Distribution, Entertainment, and Other End-use (Field Services, Government, Transportation, etc.) – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the demand for mobile POS terminals is poised to witness upsurge, providing the necessary traction to the overall Point of Sale (POS) terminals market growth.
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With the advancements in wireless technology, the market for mobile POS terminals has witnessed healthy growth in the recent years. Superior benefits offered including mobility, low upfront cost, easy usage, and favorable return on investment have collectively ensured r growing adoption of mobile POS terminals across multiple end-use verticals. The research study explains that the penetration/adoption rate of mobile POS terminals is extremely high among retailers, especially small and medium business retailers owing to its low upfront and installation cost. Thus, for small and medium-sized businesses using a tablet or a smartphone is a way to support the POS capability at comparatively less capital expenditure than a traditional fixed solution. The ability of mobile POS terminals to support loyalty programs that are more focused on customer retention is also cited as a major reason behind the growing adoption rate of mobile POS terminals among SMB (Small and Medium-sized Business) retailers. These solutions help businesses to quickly identify loyal customers (via their payment information), thereby offering coupons and other perks to ensure enhanced customer experience.
Furthermore, growing popularity and adoption of smartphones, tablets, and other wearable and mobile devices has made mobile POS terminals an attractive complementary solution to the traditional POS terminal solutions. Smartphones supporting advanced contactless payment technologies such as Near Field Communication (NFC) have ensured secured digital wallet payments, stimulating the demand for mobile POS terminals. Mobile POS solutions based on non-rugged handheld devices such as tablets are also expected to witness healthy growth in restaurants and hospitality establishments over the next two to three years. The majority of the demand is expected to come from the replacement of older mobile devices.
Thus, favorable future outlook for mobile POS terminal means that the number of vendors offering mobile POS terminals and compatible software solutions would swell, further intensifying the market competition over the forecast period 2015 – 2022.
ToC:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I – Secondary Research
1.4.2 Phase II – Primary Research
1.4.3 Phase III – Expert Panel Review
1.4.4 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global POS Terminals Market
2.2 Global POS Terminals Market, By Product Type, 2014
2.3 Global POS Terminals Market, By End-use
2.4 Global POS Terminals Market, By Component
2.5 Global POS Terminals Market, By Geography
Chapter 3 Market Dynamics
3.1 Introduction
3.1.1 Global Point-of-Sale (POS) Terminals Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
3.2 Market Inclination Insights
3.2.1 Steady Shift from Hard Currency Transactions to Cashless Transactions
3.2.2 Mobility Revolution
3.2.3 Cloud-based and Android POS Systems
3.2.4 Opportunity to Add Value and Loyalty Options
3.3 Market Drivers
3.3.1 Compliance with EMV Regulation to Create Replacement Demand
3.3.2 Increased Adoption of Credit and Debit Cards Fuelling Market Growth
3.3.3 Growing Demand for Mobile POS Terminals to Drive Market Growth
3.3.4 Enhanced Features and Lower Total Cost of Ownership (TCO) to Drive Demand in SMBs
3.4 Market Growth Inhibitors
3.4.1 Security Concerns Related to Data Breaches Inhibiting the Widespread Adoption of POS Terminals
3.4.2 Lack of Standard Platform
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.7 Competitive Analysis
3.7.1 Market Positioning of Key Vendors
Chapter 4 Global POS Terminals Market Analysis, By Product Type
4.1 Overview
4.2 Pac-Man Analysis
4.3 Fixed POS Terminals
4.3.1 Global Fixed Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
4.4 Mobile POS Terminals
4.4.1 Global Mobile Point-Of-Sales (POS) Terminals Market Revenue and Growth, 2013 – 2022, (US$ Bn) (Y-o-Y %)
……………………toc continued
Browse Full Report at(Point of Sale (POS) Terminals Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022): https://www.credenceresearch.com/report/point-of-sale-pos-terminals-market
Get Sample with more graphs and details for better understanding: https://www.credenceresearch.com/sample-request/57716
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“The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but is increasingly being dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers. To make a payment, payment terminals, touch screens, and other hardware and software options are available. The point of sale is often referred to as the point of service because it is not just a point of sale but also a point of return or customer order. POS terminal software may also include features for additional functionality, such as inventory management, CRM, financials, or warehousing.-wikipedia“
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