Point of Sale Terminals Market size worth USD 103 billion by 2023 - PowerPoint PPT Presentation

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Point of Sale Terminals Market size worth USD 103 billion by 2023

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Point of Sale (POS) terminals market size is forecast to be worth USD 103.52 billion by 2023; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: Point of Sale Terminals Market size worth USD 103 billion by 2023


1
Point of Sale Terminals Market size worth USD 103
billion by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Point of Sale Terminals
Market
  • POS terminals market size was over 32 million
    units in 2015, which is forecast to grow at 18.3
    CAGR to reach 126 million units by 2023.
  • Owing to the increased pressure to minimize
    costs, manage liability and comply with
    government regulations, the healthcare industry
    has invested in the POS terminals market for
    viable services.
  • Complying with applicable regulations such as
    patient information privacy laws and PCI, POS
    systems provide various solutions including
    automatic blocking of expired items, aging
    reports for inventory tracking, fast billing with
    multi-tender types and patient data tracking
    services.

3
Continued...
  • Growing adoption of advanced payment options by
    small retailers across the globe has driven the
    POS terminals market in the retail sector. Low
    cost mobile technology are expected to be a key
    element to enable consumer oriented mobile
    shopping experience. The segment is projected to
    surpass USD 30 billion by 2023.
  • Hardware will continue leading the industry
    through the forecast period. Software and
    efficient after-sales service act as major
    criteria for buyers.
  • Biometric terminals are poised to exhibit growth
    in the coming years. These products help improve
    efficiency since they do away with overheads such
    as resetting passwords and also lower frequency
    of support calls.

4
Continued...
  • In the U.S., card networks are pushing companies
    to accept EMV compatible terminals, thereby
    improving security over magnetic cards. The Asia
    Pacific POS terminals industry is estimated to
    reach USD 31 billion by 2023.
  • Major companies accounting for global POS
    terminal market share are Ingenico and VeriFone.
    Electronics payment manufacturer PAX Technology,
    Panasonic, NEC, Toshiba, Samsung, HP, and Cisco
    are among other notable participants.

5
India POS terminal market share, by
application, 2012 - 2023 (USD Billion)

6

Browse Full Market Research Report on Point of
Sale Terminals Market _at_ http//goo.gl/kYezEx R
equest for a Sample of this Research report
_at_ https//www.gminsights.com/request-sample/detail
/390
7
360 Analysis
  • Application Analysis
  • Emergence of mobile wallet technologies will lead
    to higher penetration of retail oriented products
    into the near future. Retailers have begun
    creating shopping apps that help consumers obtain
    product information. These value added services
    and new acceptance capabilities also foster
    enhanced in-store mobility levels.
  • Regional Analysis
  • U.S. POS terminals market size was over USD 11
    billion in 2015. Growing demand across
    application areas coupled with increasing
    preference for portability and connectivity is
    expected to favorably impact the regional
    industry.
  • Competitive Market Share
  • Ingenico, VeriFone, and PAX Technology occupied
    majority of the global POS terminals market share
    in 2015. As mobile-based technology has been
    replacing conventional fixed terminals, vendors
    have to deal with low profit margins. To address
    the increasing competition, leading manufacturers
    are focusing on diversifying their product
    portfolio.


8
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