A terminal that is used at the sale part of a transaction to record transactions. A POS machine has the appearance of a cash register. It may have a cash drawer underneath, a traditional keyboard arrangement as well as a built-in receipt printer that uses a roll of narrow paper in order to print receipt slips. The POS machines will have a big influence on the China-US trade war that is creating lots of global economic volatility and uncertainty. The market is predicted to value $108.46 billion by 2025. It will expand at a CAGR of 7.8%.
Substantial growth is expected. This comes from a demand that is steadily increasing for POS machines with many features such as CRM, employee scheduling, inventory management, and reporting. The payment processing feature is expected to play a huge role in boosting the market. POS terminals are expected to advance at a substantial rate. This will give large as well as small-scale businesses more flexibility, control, and intelligence than they’ve ever experienced before.
In addition to the above, mobile POS machines are gaining popularity across a variety of different industries focused on the end-user such as retail, hospitality, and retail. This likely stems from its portability. In 2018, the fixed POS machine segment captured and held a sizable market share. In 2019 and beyond, the mobile segment of the industry is expected to gain lots of traction. In fact, the cloud segment of the POS machine market is projected to expand at the highest CAGR. This is owing to the advantages that cloud devices have over physical POS machines. Cloud devices enjoy advantages such as multiple functionalities as well as flexible pricing over their physical POS machine counterparts. The market is expected to grow at a CAGR of 7.8% from 2019 to 2025.
Key Players
Verifone
Ingenico
PAX Technology
Shenzhen Xinguodu Technology
SZZT Electronics
BBPOS
Fujian Centerm Information
Fujian Newland Payment Technology
New POS Technology
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Segmentation
The global POS machine market is segmented on the basis of region, type, and application. On the basis of region, the market is segmented into North America, Europe, China, Japan, Southeast Asia, and India. On the basis of type, the market is segmented into fixed POS terminal, mobile POS terminal, pocket POS terminal, and POS GSM/GPRS terminal. On the basis of application, the market is segmented into retail and consumer goods, travel and hospitality, manufacturing, media and entertainment, healthcare, BFSI, and others.
Regional overview
As already mentioned, the global POS machine market is segmented on the basis of region into North America, Europe, China, Japan, Southeast Asia, and India. In 2018, Asia Pacific crushed the market. In fact, the region is all set to experience significant growth due to increasing disposable income as well as more government initiatives that are promoting the digital economy in the region.
Latest industry news
The major players in the economy are focused on developing advanced technologies as well as launching new products in order to remain competitive in the market. Mergers, acquisitions, and new product developments are all competitive strategies that all players in the market are making use of in order to edge out the competition.
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Table Of Content:
1 Market Overview
2 Global Market Competition by Manufacturers
3 Global Capacity, Production, Revenue (Value) by Region (2013-2018)
4 Global Supply (Production), Consumption, Export, Import by Region (2013-2018)
5 Global Production, Revenue (Value), Price Trend by Type
6 Global Market Analysis by Application
7 Global Manufacturers Profiles/Analysis
8 Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Market Forecast (2018-2025)
13 Research Findings and Conclusion
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