Global Retail POS Terminals Market to hit $40bn by 2024 - PowerPoint PPT Presentation

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Global Retail POS Terminals Market to hit $40bn by 2024

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Request Sample of Report @ The fixed segment of the retail POS terminals market is anticipated to dominate in terms of revenue during the forecast timespan. The technology provided by retail POS vendors is anticipated to evolve to cater to the needs of the customers. POS systems can be configured with options such as biometric reader, touchscreen display, magnetic stripe reader and biometric reader. Substantial adoption of mPOS systems in large retail chains is expected over the forecast timespan. – PowerPoint PPT presentation

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Title: Global Retail POS Terminals Market to hit $40bn by 2024


1
Retail POS Terminals Market to surpass 40bn by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024v
2
Key Insights from Retail POS Terminals Market
  • Retail POS Terminals Market size was estimated at
    over USD 15 billion in 2016 and is projected to
    be worth over USD 40 billion by 2024 according
    to a recent research report published by Global
    Market Insights, Inc. Technological advancements
    such as the advent of near field communication
    (NFC) technology and biometrics has
    revolutionized the retail POS terminals market.
    Integrated card machines allow the usage of
    multiple payment techniques and can also gather
    data for providing in depth analysis. Business
    owners are now required to provide flexible
    payment option such as credit cards, checks, and
    digital payments to attract customers.
  • Furthermore, continued increase in performance of
    companies acting in auto retail, home
    improvement, dollar store, drug store and
    specialty retail, supermarkets, department
    stores sectors are expected to present several
    growth opportunities for the retail POS terminals
    market. The rising demand for cloud-based POS
    systems is anticipated to drive the retail POS
    terminals market during the forecast timespan
    owing to the cost effectiveness and the reduced
    need for frequent upgrades.

3
Continued...
  • Additionally, advanced SaaS systems integrates
    customer resource management (CRM) solutions to
    combine historical customer data to influence
    online ordering, loyalty programs, and targeted
    marketing.
  • Intense competition between players has led to
    business owners improving their facilities and
    technologies such as the integration of mPOS
    terminals. These allow an increase in
    interactions, elimination of excessive waiting
    times, and insights into the customer buying
    profile. mPOS terminals lower the amount of space
    taken up by regular cash wraps and counters.
  • A substantial amount of occupied counter space
    can be utilized to expand the stores inventory
    and display or to improve the customer comfort.
    Various retailers such as Apple and Home Depot
    have recognized the benefits of mPOS and have
    integrated them into their business operations
    and is anticipated to drive the retail POS
    terminals market.

4
China retail POS terminals market size, by
application, 2016 2024 (USD Million)

5

Browse Full Market Research Report On Retail
POS Terminals Market _at_ http//bit.ly/2m1gWWh
Request for a Sample of this Research Report
_at_ https//www.gminsights.com/request-sample/detail
/291
6
Continued...
  • The rising demand for SaaS and cloud based
    solutions is anticipated to augment the retail
    POS terminals market growth and create new
    opportunities for vendors. Evolution in hacking
    and cybercrimes poses a high security threat and
    can lead to the theft of personal customer
    information, financial resources, and the loss of
    reputation amongst customers. The equipment and
    the software require continuous updating and
    management to ensure the technology can keep up
    cybercrime evolution.
  • The EMV card and card-reader growth is predicted
    to be highly concentrated in the European region
    owing to the European mandate that necessitates
    the integration or upgrade of all POS terminals
    with EMV by 2020. This will augment the retail
    POS terminals market demand for contactless card
    payments across most regions in Europe over the
    forecast timespan and reduce the threat of fraud
    and identity theft. Additionally, customer reward
    programs require efficient retail POS systems to
    monitor the data. Various POS systems such as
    ERPLY and ShopKeep integrate this technology to
    tightly monitor reward programs and enhance
    customer retention.

7
Reginal Analysis
  • The retail sector, primarily in the South-East
    Asian and North American countries, is
    anticipated to experience high growth. The retail
    sales in North America in 2016 were valued at
    more than USD 5 billion.
  • The increasing disposable income, increasing
    online retailers, and growing penetration of
    smartphones is driving the retail sector in North
    America.
  • Retailers in these regions are retaining
    customers by customizing offerings, providing
    variable payment methods, and mapping consumer
    patterns.

8
Companies
  • Toshiba Corporation
  • Samsung Electronics Co., Ltd.
  • VeriFone Systems Inc.
  • Ingenico Group
  • NCR Corporation
  • Panasonic Corporation
  • PAX Technology Inc.
  • Hewlett-Packard Company

9
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