Point of Sale Terminals Market Present Scenario and Growth Prospects from 2017 to 2024 - PowerPoint PPT Presentation

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Point of Sale Terminals Market Present Scenario and Growth Prospects from 2017 to 2024

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Request Sample of Report @ POS terminals market revenue across APAC is set to experience a lucrative expansion in the future with the large-scale use of smartphones, Android Phones, and tablets. Densely populated regions such as India and China are expected to spur the regional growth. U.S. POS terminals industry is expected to leverage the development of North America POS terminals industry over the years ahead with the government promoting the use of EMV and NFC enabled instruments. – PowerPoint PPT presentation

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Title: Point of Sale Terminals Market Present Scenario and Growth Prospects from 2017 to 2024


1
POS Terminals Market Pit Falls and Growth
Prospects from 2017 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key report insights of Point of Sale Terminals
Market
  • Ezetaps recent acquisition of FortunePay is a
    vital indicator of the growth in (Point of Sale)
    POS Terminals market. Similar to the growth
    strategies adopted by most markets, mergers
    acquisitions and novel product launches primarily
    form the strategy landscape of POS terminals
    industry as well. In June 2017, Bangalore based
    POS firm Ezetap had acquired FortunePay, an
    online payment physical payment service
    provider to banks in India.
  • This deal is anticipated to help Ezetap avail the
    latters infrastructure and become a sole payment
    service provider for the traders in India.
    Earlier in June 2014, Ezetap had also
    collaborated with SBI (State Bank of India) to
    install 500,000 point of sale terminals across
    India over the coming five years. With more and
    more companies undertaking strategic tactics, POS
    terminals market is sure to carve out an
    appreciable growth map over 2017-2024.

3
Continued...
  • Retail POS terminals market size is predicted to
    hit USD 30 billion during expected period. The
    advent of mobile wallet technologies is expected
    to penetrate retail oriented products from 2015
    to 2023. Healthcare applications are anticipated
    to witness growth over 13.9 CAGR in near future.
  • Mobile POS terminals are implemented for superior
    mobility and enhanced user experience. The market
    share for this product is expected to grow at 19
    CAGR during the projected time frame. Hardware is
    likely to continue its dominance in Point of Sale
    (POS) terminals market share in the near future
    with projected share over 85 during the
    predicted period.
  • Software segment is expected to witness growth
    attributed to surge in retail and hospitality
    businesses. Biometric segment is expected to
    grow, owing favorable regulatory conditions and
    rise in the number of retail chain openings.

4
Continued...
  • In January 2017, Fujitsu, a Japanese
    multinational IT equipment service firm,
    launched Fujitsu TP8TM, a family of retail POS
    terminals, which was developed to optimize and
    improve the online payment performance across
    supermarkets, department stores, drug stores, and
    mass merchant stores. The new product also
    enhances the shopping experience of the customers
    across retail stores through its exceptional
    modularity. These new product innovations are
    expected to result in the robust expansion of POS
    terminals market.
  • In February 2017, OMA Emirates Group, a UAE based
    payment service provider, purchased MobiSwipe,
    one of the leading mPOS service providers. The
    acquisition will help OMA to expand its service
    portfolio across APAC, Middle East, and East
    Europe. MobiSwipe permits traders to make use of
    smartphones and tablets as POS terminal devices
    to accept payments via debit or credit cards. In
    a vital breakthrough, MobiSwipe, now a part of
    the OMA Emirates Group, in April 2017, announced
    the setup of more than 50,000 mPOS terminals in
    India within nine months. This is an instance of
    how major firms have been taking key initiatives
    to promote cashless deals in the country and
    explore new business growth avenues across India
    (Point of Sale) POS terminals industry.

5

Browse Full Market Research Report Global Point
of Sale Terminals Market _at_ http//bit.ly/2AkypkQ
Request for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/3
90
6
China POS Terminals Market Size, By Application,
2016 2024 (Bn)

7
Continued...
  • In May 2017, Mswipe, a startup firm in the mPOS
    terminals industry, formed a joint venture with
    PayU India, a digital payment service provider,
    to expand its online payment business through the
    purchase of the latters offline merchant
    acquiring business. As per the reports from
    reliable sources, PayU had acquired more than
    9000 offline traders across India, who, along
    with their point of sale business will be moved
    to Mswipe. Dealers transacting with Mswipe can
    now use PayU Indias online payment options.
    According to expert opinions, the strategic
    alliance between the online payment service
    providers will benefit both in terms of revenue
    generation as well the consolidation of their
    positions in POS terminals market.
  • In July 2017, ScanSource Incorporation, a leading
    service provider of point-of-sale, barcode,
    networking, and data solutions, acquired POS
    Portal Incorporation, distributor renter of POS
    devices, for USD 144.9 million to extend and
    improve its POS payment services across the
    globe. This is ScanSources sixth acquisition
    since last three years, with its recent purchase
    being Intelisys, a technology service distributor
    and master agent of carrier, telecom, cloud
    solutions, for USD 83.6 million in June 2017.

8
Continued...
  • The month of July also witnessed NEXTEP SYSTEMS,
    a provider of self-order POS services, form a
    strategic alliance with LevelUp, the largest
    mobile payment platform developed by
    Massachusetts-based startup firm SCVNGR. The
    alliance will enhance the service efficiency of
    both the firms by offering more effective and
    user-friendly online payment options. Speedy
    self and mobile ordering operations, ensuring a
    seamless and personalized experience for the
    users are expected to spur the business expansion
    and ROI of both these firms, thereby providing a
    boost to POS terminals industry. Global Market
    Insights, Inc., claim POS terminals market value
    to surpass USD 125 billion by 2024.
  • POS terminals market revenue across APAC is set
    to experience a lucrative expansion in the future
    with the large-scale use of smartphones, Android
    Phones, and tablets. Densely populated regions
    such as India and China are expected to spur the
    regional growth. U.S. POS terminals industry is
    expected to leverage the development of North
    America POS terminals industry over the years
    ahead with the government promoting the use of
    EMV and NFC enabled instruments.

9
Industry Coverage
10
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