Global Retail POS Terminals Market: Key Strategies to Use to Dominate Globally 2020-2026 - PowerPoint PPT Presentation

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Global Retail POS Terminals Market: Key Strategies to Use to Dominate Globally 2020-2026

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The Retail POS Terminals Market is recording a rising demand for point of sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions. – PowerPoint PPT presentation

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Title: Global Retail POS Terminals Market: Key Strategies to Use to Dominate Globally 2020-2026


1
Global Retail POS Terminals Market High-growth
Regions to Expand Geographic Footprint 2020- 2026
2
Industry Overview
  • Accordingly, to Global Market Insights research
    report global the retail POS terminals market is
    expected to gain significant growth impetus in
    coming years owing to the rising adoption of
    digital payment technologies in the retail
    sector. The growing trend of cashless
    transactions amongst government organizations is
    further expected to drive the demand for POS
    terminals.
  • The Retail POS Terminals Market is recording a
    rising demand for point of sale terminals from
    retail sector attributing to its ability to
    improve customer satisfaction by ensuring rapid
    and secure payment solutions. These equipment
    further enables fast transactions, thereby
    eliminating the issue of long customer queues
    seen at payment counters. The convenience they
    bring to customers and retailers will drive the
    demand for POS terminals in the retail sector.
  • As per a research report by Global Market
    Insights, Inc., retail POS terminals market is
    estimated to exceed 45 billion valuation by
    2026.

3
Continue
  • Given the increasing adoption of digital payment
    techniques and the ongoing technological
    advancements, market players are increasingly
    focusing on consolidating their position in the
    market through various tried-and-tested methods
    such as new product launches. For instance,
    recently, on 3rd August 2020, Epson America,
    Inc., a leading supplier of POS solutions,
    reportedly announced the launch of its new next
    gen TM-m30II, OmniLink TM-m30II-NT, and OmniLink
    TM-m30II-h mobile friendly POS receipt printers.
  • The new innovative printers further allows
    hospitality service providers and retailers to
    rapidly and effortlessly add receipt printing
    wherever needed, thereby helping in delivering
    superior customer experience. Such new product
    launch will lead to new business growth
    opportunities and will further strengthen the
    companys position in the Retail POS Terminals
    Market.
  • Mobile POS terminals will witness strong growth
    over the forecast time period owing to their
    portability as well as ease of use. The terminals
    further provide benefits like free floor space,
    reduced overall customer shopping time,
    paper-free receipting services, and easy
    accessibility, which is fostering their adoption
    further. Additionally, the flexibility provided
    by smartphone or tablets-based POS terminals also
    decreases the cost of SMBs. The rising popularity
    of wireless technology and reducing cost of
    mobile phones have resulted in the increasing
    adoption of mPOS terminals amongst high-end
    stores.

4

Browse Full Market Research Report _at_
https//bit.ly/2PUoivE Request for a Sample
of this Research report _at_ https//bit.ly/3arDV7a
5
Growth Drivers
  • Penetration of EMV compliant POS terminals in the
    U.S.
  • Increasing penetration of mobile POS across
    several channels
  • Increase in NFC and contactless payments in
    Europe and Asia Pacific
  • Demonetization effect in India
  • Inclination towards online payments in Europe
    North America
  • Infrastructure development in South America
  • Flourishing retail industry vertical in the
    Middle East Africa

6
Continue
  • The competitive landscape of the global Retail
    POS Terminals Market is inclusive of players such
    AURES Technologies SA, BBPOS Limited, Cisco
    Systems Inc., Hewlett Packard Enterprise Company,
    Ingenico Group, Micros Systems, Inc., NCR
    Corporation, NEC Corporation, New POS Technology
    Limited, Newland Payment Technology, Panasonic
    Corporation, Pax Technology Inc., Posiflex
    Technology, Inc., Samsung Electronics Co. Ltd.,
    Toshiba Corporation, Touch Dynamic, VeriFone
    Holdings, Inc., Squirrel Systems.

7
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