The Global Point of Sale (POS) Terminal Market to Generate Revenues of Around $18 Billion During the Period 2020 −2025 - Market Research by Arizton

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Feb 05, 2020, 09:00 ET

CHICAGO, Feb. 5, 2020 /PRNewswire/ -- According to Arizton's recent research report, Point of Sale (POS) Terminal Market - Global Outlook and Forecast 2020-2025 is expected to grow at a CAGR of over 8% during the period 2019−2025.

Key Highlights Offered in the Report:

Aided by the growing demand in APAC countries, the global mPOS terminal market is expected to post a CAGR of over 9% in terms of revenue during 2019−2025.
Futuristic inventions in payment, innovation in transaction technology, and the growth in the complementary security technologies are expected to boost investors' confidence in the overall market.
The growing emphasis on the development of hi-tech infrastructure in Europe is likely to generate immense opportunities for vendors and is expected to grow at a CAGR of around 10% by 2025.
The retail sector offers vast absolute growth opportunities of more than $2,900 million in terms of revenue during 2019-2025.
APAC has emerged as the largest market holding over 60% share of the global POS Terminal market in 2019.
Vietnam is likely to grow at the largest CAGR of around 67%, with an incremental growth over $50 million during the forecast period.

Key Offerings:

Market Size & Forecast by Revenue | 2019−2025
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by product type, NFC technology, application, end-users, compliance, and geography
Competitive Landscape – Profile of 5 key vendors and 31 other vendors

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Point of Sale (POS) Terminal Market – Segmentation

The increase in mobile payment applications and cashless transactions is driving the mPOS segment. The segment is expected to experience an absolute growth of 75% growth in terms of revenue during the period 2019–2025.
The EMV point of sale segment is expected to grow at the highest CAGR during the forecast period. The presence of strong transaction security features in EMV cards is increasing segment growth.
NFC-ready POS terminals are gaining immense popularity worldwide. The NFC-ready segment has witnessed a major boost as internet penetration across the globe has significantly grown in the recent decade. With the high adoption of smart devices, along with the availability of inexpensive mobile data plans, has increased the adoption of NFC-ready segments.

Market Segmentation by Product Type

Fixed/traditional POS
Mobile POS

Market Segmentation by Compliance

EMV
Non-EMV

Market Segmentation by End-user Type

Retail
Restaurants
Warehouse & Distribution
Entertainment
Hospitality
Healthcare

Market Segmentation by NFC Technology

NFC-ready
Non-NFC

Point of Sale (POS) Terminal Market – Dynamics

A cloud-based POS system can be directly assessed from the web through the internet and is compatible with the hardware of the POS system such as printers and cash register drawers. The vendor has accessibility to the customer's data from any geographical location through a Wi-Fi connection. The low start-up cost of a cloud-based POS system is due to the centralization of information, independence from operating systems, and virtual accessibility of data. The retail industry is one of the largest users of cloud-based POS systems. Retailers having a chain of outlets across varied regions can access the integrated database of the customer's profile. The cloud-based system helps in merging data across tablets and smartphone interfaces, offline and online shopping, and e-payments. The introduction of cloud-based POS systems will transform the global market during the forecast period.

Key Drivers and Trends fueling Market Growth:

Introduction of Mobile Payment Solutions
Penetration of EMV-compliant POS Terminals
Increasing Demand for NFC-ready POS Systems
Increasing Efforts to Combat POS Fraud

Point of Sale (POS) Terminal Market – Geography

With the growth in retail and entertainment sectors, banks offer cashback and discounts on the usage of credit cards, thereby increasing their preference among consumers. The usage of debit and credit through POS terminals has been growing due to the prominence of the e-commerce sector. The penetration of high-speed data networks and changing consumer behavior are some major factors, which are boosting the demand for debit and credit cards in the US market. The country has robust infrastructure such as quality restaurant chains along with technological support such as 24/7 availability of the internet, which promotes the utilization of POS terminals in the country.

Get your sample today! https://www.arizton.com/market-reports/point-of-sale-pos-terminal-market

Market Segmentation Geography

APAC

China
Japan
Australia
India
Vietnam

Europe

Germany
France
UK
Spain
Italy
Nordic

North America

US
Canada

MEA

South Africa
Saudi Arabia
UAE

Latin America

Brazil
Mexico

Major Vendors

Ingenico Group
Fujian Newland Payment Technology
PAX Global Technology
Verifone Systems or Verifone
Shenzhen Xinguodu Technology (NEXGO)

Other vendors include - Fiserv, Cybernet, SZZT Electronics, USA Technologies, VISIONTEK Linkwell Telesystems, Centerm, BBPOS, Dspread Technology, Castles Technology, Bitel Corporation, NEW POS TECHNOLOGY LIMITED (NEWPOS), Sunyard System Engineering, Spire Payments, Shenzhen Justtide, Spectra Technologies, Vanstone Electronic (Beijing) Co., Ltd, Datecs, Yarus, wizarPOS, YouTransactor, Equinox Payment, Bluebird, Worldline, Lian Yu (UIC), Panasonic Corporation, Gertec, Shenzhen Kaifa Technology Co. Ltd., Toshiba Tec Corp., M.POS, and Nayax.

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About Arizton:

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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SOURCE Arizton Advisory & Intelligence