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Market Research Report

Global POS Terminal Market Report Segmented by Product type (Fixed , Wireless and Mobile POS), by Component (hardware, software), by Application (restaurant, hospitality), by Geography, By Distribution Channel With COVID-19 impact | Forecast Period 2017-2030

Published Date :

2020-09-01

Report Pages :

799

Format :

PDF

Region Covered :

Global

Global POS Terminals Market Overview

The world is rapidly moving towards building a cashless economy and rapidly adopting credit cards, debit cards and online transactions to minimize the physical cash transaction. Secure payment systems helps in the development of world economy, thus all countries are encouraging the adoption of convenient, secure and affordable payment systems. Countries such as Singapore, the Netherlands, France, Sweden and Canada are among the top countries with cashless transactions. Whereas developing countries such as China and India have only 10% and 2% cashless transactions respectively. However, government steps towards cash less society is expected to bring positive opportunities for point of sale (POS) terminals market. In 2016, cashless transaction volume grew by nearly 11% to reach over USD 430 billion. Encouragement towards digital and enhanced payment systems with better security measures are propelling the growth of non-cash transaction and thereby resulting in the demand for POS terminals. Over 20 billion credit cards, debit cards and prepaid cards worldwide are present in 2016 which is expected to reach over 26 billion during the forecast period. Booming retail and hospitality sector is supporting the ongoing demand for POS terminals market. Moreover, rising inclination of users towards Software-as-a-Service based systems and Android POS systems are also supporting the growth of global POS (point of sale) terminals market.

Global POS Terminals Market Segmentation

Global POS (Point of Sale) Terminals Market is segmented on the following basis:

Based on Components

  • Hardware
  • Touch Screen/ Desktop
  • Swipe card machine
  • Software

Based on Product Type

  • Mobile POS Terminals
  • Fixed POS Terminals

Based on Deployment Type

  • On Premise
  • Cloud Based

Based on End-User

  • Hospitality
  • Healthcare
  • Retail
  • Entertainment
  • Government
  • Transportation
  • Travel & Tourism
  • Restaurants

Based on Geography

  • North America (U.S. & Canada) {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}
  •  Latin America (Brazil, Mexico, Argentina & Rest of Latin America) {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}
  •  Rest of World {Market Size (USD Trillion), Growth Analysis (%) and Adoption Rate (%)}

Scope Background

Market Synopsis

Market Segmentation

The Global POS (Point of Sale) Terminals Market is segmented as follows:

  • By Components (Market Size, Demand Analysis and Growth Analysis)
  • By Product Type (Market Size, Demand Analysis and Growth Analysis)
  • By Deployment Type (Market Size, Demand Analysis and Growth Analysis)
  • By End-User (Market Size, Demand Analysis and Growth Analysis)

By Region

· North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}

  • Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific (China, India, Singapore, Japan, Hong-Kong, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

  • Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

  • Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Market Size and Forecast (2017-2030)

Global POS (point of sale) terminals market is estimated to grow at a CAGR of 14% through the forecast period 2017-2030. Expansion of e-commerce business, rising concerns over eliminating the black money markets and favorable monetary policies are accelerating the growth of POS (point of sale) terminals market.

Europe and North America regions are the mature market for POS terminal owing to the strict government regulations and presence of leading market players in the region. In 2015, European countries such as Germany, France and Spain introduced laws which limit cash transactions. In France, usage of cash over USD 1080 is now an illegal act in the country. Developing countries such as Brazil, China and India are growing at a faster rate in the implementation of POS terminals within the country.

Market Drivers and Challenges

Inclination towards digital payment method over the hard currency transaction with expanding online sales business is contributing in the adoption of POS terminals by every industry verticals. Implementation of near-field communication (NFC) technology for contactless transactions and popularity of EMV (Europay, MasterCard, and Visa) are also driving the growth of POS terminals market. POS terminals help in eliminating the transportation and security cost of cash management and also reduces the corrupt practices in the country. These factors are fuelling the POS terminals market growth. However, lack of availability of infrastructure, proper internet connectivity, access and awareness of technology majorly in developing countries inhibiting the growth of POS terminals market. Privacy and security concerns related with the tracking of payment transactions are restricting the adoption of non-cash transaction by users.

COVID-19 impact on "Global POS Terminals Market "

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global POS Terminals Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Players

  • IBM Corporation
    • Synopsis
    • Business Strategy
    • Product Portfolio
    • SWOT Analysis
  • Ingenico
  • Cisco Systems, Inc.
  • Verifone Systems Inc.
  • PAX Technology
  • Equinox Payments
  • SZZT Electronics Co., LTD
  • First Data
  • Spire Payments
  • NCR Corporation
  • MICROS Systems Inc.
  • CyberNet
  • Hewlett-Packard Company
  • Dspread Technology
  • Panasonic Corporation
  • Toshiba Corporation
  • Samsung Electronics Co. Ltd.
  • Fujian Newland Payment Technology           
  • Hangzhou Sunyard
  • NEC Corporation
  • Castles Technology
  • BBPOS
  • Bitel
  • Centerm
  • Squirrel Systems
  • Shenzhen Xinguodu Technology Co., Ltd (NEXGO)

For a full detailed overview, send us sample request.

Porter’s Five Force Model

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem

Expert Analysis

Concluding Remarks

 




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Global POS Terminal Market Report Segmented by Product type (Fixed , Wireless and Mobile POS), by Component (hardware, software), by Application (restaurant, hospitality), by Geography, By Distribution Channel With COVID-19 impact | Forecast Period 2017-2030

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