Retail Point-of-Sale (POS) Terminals Market 2020
The worldwide Retail POS Terminals market is anticipated to reach USD 49,863 million by 2026. In 2017, the fixed POS terminals dominated the global market, in terms of revenue. North America is expected to lead the global market in 2017.
There has been an increasing adoption of retail POS terminals owing to increase need to improve customer experience, and simplify card payments. The global retail POS terminals market is driven by the increasing digital payments and government support to secure digital payments. Technological advancement in cloud-based POS terminals, android-based POS terminals, biometrics, and NFC technology is expected to augment market growth. However, data privacy concerns and risk of data theft restricts the retail POS terminals market growth.
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Major Key Players Analysis
The well-known companies profiled in the report include Panasonic Corporation, Ingenico Group, NEC Corporation, Micros Systems Inc., Hewlett-Packard Inc., Cisco Systems Inc., Epicor Software Corporation, PAX Technology Ltd, and VeriFone Systems Inc. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The global Retail Point-of-Sale (POS) Terminalsmarket report has been compiled after extensive market research into various parameters concerning the Retail Point-of-Sale (POS) Terminalsindustry. An overview of the market and the market share of the different segments that the Retail Point-of-Sale (POS) Terminalsmarket is categorized into is presented. The scope of growth of the different products/services offered by different manufacturers in the Retail Point-of-Sale (POS) Terminalsindustry has been discussed in detail and the results have been included in the report. The market share that the global Retail Point-of-Sale (POS) Terminalsmarket occupies is presented from the year 2020 to the year 2026 comprising the base period.
Various factors decide the market growth of the industry and the direction that it can take. These factors are identified and are listed in the report according to the effect that they can have. Based on the volume of goods produced and the value of each product sold in the global market, the market share for the different regions are predicted from the year 2020 to the year 2025 for the forecast period. Latent growth factors that can play a role in the market growth during this period are identified and are categorized for the different regions that they can act in.
The global Retail Point-of-Sale (POS) Terminalsmarket is divided into several smaller market categories according to the different regions that each of the various market segments is located in. The regional breakdown includes the Middle East, Africa, Europe, North America, South America, and Asia-Pacific. The market share for the different regions is presented after analyzing the import and export of different products/services and the production and consumption. The data that is acquired after the analysis is completed is presented in the global Retail Point-of-Sale (POS) Terminalsmarket report for both the forecast period from the year 2020 to the year 2026 and for the base period from the year 2020 to the year 2026.
The data that is presented in the Retail Point-of-Sale (POS) Terminalsmarket report is analyzed and verified to ensure that it is free from errors and discrepancies that may have occurred during the collection. One of the primary analysis methods used is Porter’s Five Forces Model. It uses five distinct parameters to analyze the collected data that include the threat of substitutes, the bargaining power of customers, the threat of new entrants, the bargaining power of suppliers and competitive rivalry. The analyzed data is then presented in the Retail Point-of-Sale (POS) Terminalsreport.
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Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. Retail POS Terminals Market Insights
4. Retail POS Terminals Market Size and Forecast, 2017-2026 by Product Type
5. Retail POS Terminals Market Size and Forecast, 2017-2026 by Deployment Type
6. Retail POS Terminals Market Size and Forecast, 2017-2026 by Components
7. Retail POS Terminals Market Size and Forecast, 2017-2026 by End-User
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