Retail Point of Sale Terminals Market to surpass $45bn by 2024

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Retail Point of Sale Terminals Market to exceed
45bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024v
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Key Insights from Retail POS Terminals Market

• Retail point of sale terminals market revenue,
  valued at USD 14 billion in 2015, is anticipated
  to hit USD 45 billion by 2024. Efforts to check
  cash-handling costs along with growing focus on
  online payments will produce enormous profit
  avenues for market.
• Escalating need to counter money laundering,
  frauds, and terrorism is expected to spur retail
  Point of Sale terminals market size over the
  coming years. Rising consumer trend towards
  cashless transactions to reduce queues and
  personnel costs will contribute substantially
  towards industry demand.
• Technological inventions have played a major role
  in providing effective and secured digital
  transactions, thereby favoring the growth of
  retail Point of Sale terminals market. Foundry
  Logic provides add-on services to retailers
  through its retail Mobile POS applications for
  Apple devices such as iPod touch, iPad, and
  iPhone. Wide acceptance of wireless technology
  and increased demand for mobile wallets across
  the globe will push market size in the near
  future.

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Continued...

• Retail point of sale terminals are gaining
  optimum popularity across convenience stores,
  department stores, discount stores, supermarkets,
  category stores, specialty stores, and drug
  stores. Supermarkets contributed nearly 35 of
  retail point of sale terminals market share in
  2015 and will experience a massive growth over
  2016-2024. Ability to reduce human errors and
  improve customer service will push the revenue.
  Effectiveness in maintaining discount tracks and
  price adjustments, is anticipated to boost the
  industry revenue across discount stores.
• Fixed and Mobile POS terminals are the key
  products of retail point of sale terminals
  industry. Mobile POS terminals market is
  projected to grow substantially over the coming
  timeframe and will accelerate the growth of
  retail point of sale terminals industry over the
  coming seven years, driven by rise in the number
  of smartphones, touch pads, notebooks, and
  iphones. Fixed point of sale terminals industry,
  contributing more than 75 of retail point of
  sale market revenue in 2015, is projected to grow
  considerably over the coming seven years. High
  level of security, less updates, and reduced
  costs have added to the industry growth.

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India Retail POS Terminals Market size, by
application, 2013-2024 (USD Million)

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Continued...

• Taking into considerations the regional trends,
  Asia Pacific retail point of sale terminals
  industry is projected to witness a substantial
  growth over the coming years. Increasing use of
  mobiles across the urban as well as rural areas
  in countries such as China and India will push
  the industry revenue.
• In addition, government norms favoring online
  payments and payments via mobiles will further
  boost the regional growth.
• North America retail point of sale terminals
  market is projected to experience an enormous
  growth in the coming years. Strict implementation
  of EMV as per government norms to enhance payment
  security is predicted to boost the industry
  trends across the region. Again, the presence of
  big industry players is forecast to contribute
  significantly towards the regional revenue.

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Continued...

• Market players will try to maximize their ROI and
  increase their regional presence through
  strategic collaborations, high RD investments,
  benchmarking, scientific breakthroughs, and
  product differentiation. MICROS Systems, Epicor
  Software Corporation, Cisco Systems, PAX
  Technology Incorporation, VeriFone Holdings
  Incorporation, Ingenico Group, HP Company,
  Toshiba Corporation, NEC Corporation, Samsung
  Electronics Limited, and Panasonic Corporation
  are the key participants of retail point of sale
  terminals industry.
• This latest retail point of sale terminals market
  research report offers in-depth analysis, key
  industry insights, market sizing forecast on a
  granular level for key products, applications
  across number of regional markets. The report
  also analyzes the retail point of sale terminals
  industry from business strategy perspective,
  describing in detail growth drivers, pitfalls
  challenges for participants, accompanied by a
  detailed competitive benchmarking including
  company market share analysis and detailed
  business profiles.

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