The market for
point-of-sale terminals has gained significant impetus in the last
couple of years owing to the easy usability and high return on
investment that it offers. To study the various trends impacting the
global point-of-sale terminals market, Transparency Market Research
has released a new study titled “Point-of-Sale (POS) Terminals -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast,
2014 - 2020”. On the basis of revenue, the global point-of-sale
terminals market stood at US$36.86 billion in 2013, and it is
expected to demonstrate an impressive 11.6% compound annual growth
rate during the period of 2014-2020. The report has cited accelerated
adoption of mobile POS terminals across retail and hospitality
sectors as the key growth driver of the market. POS terminals have
widespread application in areas such as inventory management,
initiating loyalty programs, printing bills, and payments.
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Point-of-Sale Terminals Market report at:
Based on distinct
product categories, the market for POS terminals include fixed,
wireless, and mobile POS terminals. Among these, fixed POS terminals
led the market in 2013 in terms of revenue. The segment individually
accounted for 81% of the overall POS terminals market, majorly due to
early adoption of the technology in the market. However, with the
progress of technology, the market for wireless and mobile POS
terminals has significantly expanded, since these systems offer
certain inherent advantages such as mobility, ease of use, and lower
cost of deployment compared to precursors. The report observes that
the demand for mobile POS terminals is extremely high among small and
medium-scale businesses owing to its low initial cost. Moreover, the
use of tablets and smartphones has significantly increased in
offices, which is why a mobile POS terminal has started making more
sense rather than incurring a huge bill for fixed POS terminals.
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Sample Research Report of Point-of-Sale Terminals Market at:
In terms of
application, the retail sector dominated the POS terminals market in
2013, accounting for 34% of the market. Factors such as escalating
adoption of advanced payment technologies, especially among small
retailers, has given an incredible boost to the POS terminals market
in retail. In 2013, North America was the largest market for POS
terminals and held a share of around 32% in terms of revenue owing to
the significant demand for POS terminals from the retail and
hospitality sectors in the region and early implementation of
technology.The healthcare industry has also exhibited significant
rise in demand for POS terminals. Owing to rise in healthcare
expenditure and infrastructural development, the demand for
sophisticated technology to streamline the payment processes and
patient data tracking in the healthcare industry has increased. Thus,
the market for POS terminals has found lucrative prospects in the
healthcare industry. According to the report, the POS terminals
market in the healthcare sector is likely to register the fastest
growth at a 16.1% CAGR. Growing requirement for advanced analytics
across warehouse industries will also boost the market for POS
terminals in the sector.
The key players in
the industry identified in the report are PAX Technology Limited,
Ingenico S.A., Toshiba Corporation, MICROS Systems Inc., Cisco
Systems Inc., NEC Corporation, Samsung Electronics Co. Ltd,
Hewlett-Packard Company, Panasonic Corporation, and VeriFone Systems
Inc. Among these prominent market players, Ingenico S.A. and VeriFone
Systems, Inc. led the global POS terminal market in 2013. The
competition prevailing in the market will only intensify in
forthcoming years as new entrants increasingly foray into the market.
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Release of Point-of-Sale Terminals Market report at:
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Transparency Market
Research (TMR) is a global market intelligence company providing
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forward-looking insight for thousands of decision makers. TMR’s
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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