India POS Terminals Industry to cross $3bn by 2024

Global Market Insights, Inc., states that India POS terminals market, worth USD 450 million in 2016, is slated to generate a revenue of more than USD 3 billion by 2024. India (Point of Sale) POS terminals market is likely to scale extensive heights of growth, primarily driven by the recent 2016 wave of demonetization that shook the financial roots of the nation. Post demonetization, the Indian government has been implementing strategic plans to encourage online transactions.

According to State Bank of India, payments through credit or debit cards on POS terminals have currently amounted to INR 70,000 crore, a target that could have taken nearly three years to reach in the absence of the demonetization outbreak. It is no surprise therefore, that demonetization has led to an escalated growth in POS terminals industry in India.  Furthermore, SBI reports that financial institutions across the country have deployed nearly 11.8 lakh more POS machines post demonization, and the number is likely to rise in the future with the robust increase in the number of online transactions via these terminals.

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As per reports from reliable sources, point of sale terminals will go multi-lingual within a span of few months, which is a major step taken by the Indian government to promote cashless fiscal transactions. The move is expected to subsequently impact India POS terminals market share. The languages predicted to be made available on POS machines include Kannada, Bengali, Telegu, Malayalam, Gujarati, Marathi, Punjabi, and Tamil.

BHIM (Bharat interface for money) had already launched a popular application on 30th December 2016, which was available in seven regional languages and was downloaded 18 million times by the end-users. Current end-user trends have displayed that more users prefer making online payments in their local languages, which in turn, is projected to majorly influence India (Point of Sale) POS terminals industry revenue over the years ahead.

Thriving e-commerce activities across the nation have resulted in escalating demand for both fixed as well as mobile point of sale terminals. India POS terminals industry size from mobiles is projected to record a CAGR of more than 10% over the coming timeframe with more consumer preference for user-friendly mobile wallets. High demand for these products across the hospitality, retail, entertainment, healthcare, and restaurant sectors will further leverage the expansion of India POS terminals market.

As per the Central Government data report publications, there has been a rise of nearly 13% in the sale of POS terminals since October 2016, which implies that many retailers in the country are accepting online mode of payments through POS terminals, a factor that will lead to the development of India POS terminals market size from supermarkets, specialty stores, and the like.

Make an inquiry for purchasing this report @ https://www.fractovia.org/request-purchase/599

However, POS machines are more prone to hacking and are vulnerable to viruses and malwares. A solution to this problem is the enactment of an effective data protection law by the Indian government, which has become need of an hour. In the event that the solution is not implemented, it is likely to arrest the growth of India POS terminals industry.

In India, high product penetration is witnessed across tier-one and tier-two cities. Many of the government schemes such as Pradhan Mantri Jan-Dhan Yojana, Direct Benefit Transfer Scheme, Atal Pension scheme, and Aadhar-enabled systems are expected to boost the product sales across remote regions. NABARD has decided to install more than 1 lakh POS machines in villages to enable effective, time-saving, and quick monetary transactions, gradually leading the country towards a paperless economy and segmenting India POS terminals industry size.

India POS terminals market share from the healthcare sector is set to experience a prominent expansion over the years to come, subject to the rising need for collating and assorting the patient data along with high demand for effective modes of payments. Rapidly improving healthcare infrastructure across various parts of the country will offer more opportunities for the expansion of POS terminals market in India.

POS terminals provide value-added services to customers via connected and standalone payment terminals. India POS terminals industry growth curve from products incorporated with the connected functionality is expected to witness an upswing over the coming years, owing to the high product demand across retail shops and restaurants. Its high usage in inventory management along with its ability to offer robust security and free floor space will lucratively impact India POS terminal market development.  The ability to reduce the waiting period of the end-users and affordability has made the product more popular across the country, thereby leveraging POS terminals market trends in India.

Browse key industry insights spread across 190 pages with 90 market data tables & 20 figures & charts from the report, “India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook (Tier-One Cities, Tier-Two Cities), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/india-point-of-sale-pos-terminal-market

India POS software industry is predicted to experience a luminous expansion over the next few years with the software offering prominent benefits such as stock control management, billing, effective customer data collection, automation, real-time data gathering, and comprehensive dashboard reporting.

Major participants in India POS terminals industry include Paynear Solutions Private Limited, Ezetap Mobile Solutions Private Limited, VeriFone Holding Incorporation, Skilworth Technologies Private Limited, Mosambee, NEC Corporation, Visiontek Telesystems Private Limited, MobiSwipe Technologies Private Limited, and Demandware Incorporation. Many of the participants such as MSwipe and Ezetap have declared to install various mPOS equipment across the country by 2017 and such moves will favorably influence the POS terminals industry landscape in India.

 

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India POS Terminals Industry to cross $3bn by 2024

Global Market Insights, Inc., states that India POS terminals market, worth USD 450 million in 2016, is slated to generate a revenue of more than USD 3 billion by 2024. India (Point of Sale) POS terminals market is likely to scale extensive heights of growth, primarily driven by the recent 2016 wave of demonetization that shook the financial roots of the nation. Post demonetization, the Indian government has been implementing strategic plans to encourage online transactions.

According to State Bank of India, payments through credit or debit cards on POS terminals have currently amounted to INR 70,000 crore, a target that could have taken nearly three years to reach in the absence of the demonetization outbreak. It is no surprise therefore, that demonetization has led to an escalated growth in POS terminals industry in India.  Furthermore, SBI reports that financial institutions across the country have deployed nearly 11.8 lakh more POS machines post demonization, and the number is likely to rise in the future with the robust increase in the number of online transactions via these terminals.

Request for a sample of this research report @ https://www.fractovia.org/request-sample/599

As per reports from reliable sources, point of sale terminals will go multi-lingual within a span of few months, which is a major step taken by the Indian government to promote cashless fiscal transactions. The move is expected to subsequently impact India POS terminals market share. The languages predicted to be made available on POS machines include Kannada, Bengali, Telegu, Malayalam, Gujarati, Marathi, Punjabi, and Tamil.

BHIM (Bharat interface for money) had already launched a popular application on 30th December 2016, which was available in seven regional languages and was downloaded 18 million times by the end-users. Current end-user trends have displayed that more users prefer making online payments in their local languages, which in turn, is projected to majorly influence India (Point of Sale) POS terminals industry revenue over the years ahead.

Thriving e-commerce activities across the nation have resulted in escalating demand for both fixed as well as mobile point of sale terminals. India POS terminals industry size from mobiles is projected to record a CAGR of more than 10% over the coming timeframe with more consumer preference for user-friendly mobile wallets. High demand for these products across the hospitality, retail, entertainment, healthcare, and restaurant sectors will further leverage the expansion of India POS terminals market.

As per the Central Government data report publications, there has been a rise of nearly 13% in the sale of POS terminals since October 2016, which implies that many retailers in the country are accepting online mode of payments through POS terminals, a factor that will lead to the development of India POS terminals market size from supermarkets, specialty stores, and the like.

Make an inquiry for purchasing this report @ https://www.fractovia.org/request-purchase/599

However, POS machines are more prone to hacking and are vulnerable to viruses and malwares. A solution to this problem is the enactment of an effective data protection law by the Indian government, which has become need of an hour. In the event that the solution is not implemented, it is likely to arrest the growth of India POS terminals industry.

In India, high product penetration is witnessed across tier-one and tier-two cities. Many of the government schemes such as Pradhan Mantri Jan-Dhan Yojana, Direct Benefit Transfer Scheme, Atal Pension scheme, and Aadhar-enabled systems are expected to boost the product sales across remote regions. NABARD has decided to install more than 1 lakh POS machines in villages to enable effective, time-saving, and quick monetary transactions, gradually leading the country towards a paperless economy and segmenting India POS terminals industry size.

India POS terminals market share from the healthcare sector is set to experience a prominent expansion over the years to come, subject to the rising need for collating and assorting the patient data along with high demand for effective modes of payments. Rapidly improving healthcare infrastructure across various parts of the country will offer more opportunities for the expansion of POS terminals market in India.

POS terminals provide value-added services to customers via connected and standalone payment terminals. India POS terminals industry growth curve from products incorporated with the connected functionality is expected to witness an upswing over the coming years, owing to the high product demand across retail shops and restaurants. Its high usage in inventory management along with its ability to offer robust security and free floor space will lucratively impact India POS terminal market development.  The ability to reduce the waiting period of the end-users and affordability has made the product more popular across the country, thereby leveraging POS terminals market trends in India.

Browse key industry insights spread across 190 pages with 90 market data tables & 20 figures & charts from the report, “India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook (Tier-One Cities, Tier-Two Cities), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/india-point-of-sale-pos-terminal-market

India POS software industry is predicted to experience a luminous expansion over the next few years with the software offering prominent benefits such as stock control management, billing, effective customer data collection, automation, real-time data gathering, and comprehensive dashboard reporting.

Major participants in India POS terminals industry include Paynear Solutions Private Limited, Ezetap Mobile Solutions Private Limited, VeriFone Holding Incorporation, Skilworth Technologies Private Limited, Mosambee, NEC Corporation, Visiontek Telesystems Private Limited, MobiSwipe Technologies Private Limited, and Demandware Incorporation. Many of the participants such as MSwipe and Ezetap have declared to install various mPOS equipment across the country by 2017 and such moves will favorably influence the POS terminals industry landscape in India.  

About Fractovia.org

Fractovia.org is one of India’s leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.

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Global POS Terminals Industry to expand $125bn by 2024

Ezetap’s 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 latter’s 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

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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.

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 latter’s 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 India’s 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 ScanSource’s 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.

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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. POS terminals industry is an evolving business sector with big players investing heavily in R&D activities to develop new technologies and products for gaining competitive edge.

It is more likely that rapid expansion of POS terminals market will encourage new service providers and manufacturers to enter the business further encouraging the existence of fierce competition in the industry.  VeriFone Systems Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba Corporation are some of the major brands of POS terminals industry.

Browse key industry insights spread across 280 pages with 211 market data tables & 81 figures & charts from the report, “(Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, South Korea, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: 

https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

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NFC POS Terminal Market Pit Falls, Present Scenario and Growth Prospects from 2017 to 2024

NFC POS terminal market is witnessing an increase in the penetration of NFC POS terminals in the transportation sector for ticketing transactions. The inclination of customers towards the use NFC-enabled smart cards in automated fare collections is likely to boost the NFC POS terminal market growth. The NFC technology helps in achieving the short-range communication between electronic devices thus having a high compatibility with fare collection platforms. In comparison to its alternatives, NFC technology provides a high degree of customer satisfaction and experience as it is fast and helps in fast-tracking connections thereby escalating the demand for NFC POS terminal market.

NFC POS Terminal Market size is anticipated to witness growth opportunities over the forecast timeframe. Growing usage of NFC-enabled smartphones and emergence of mobile wallet services would be major drivers for the industry growth. Technological substitutions for ticketing in transportation, such as NFC-based mobile ticketing and contactless smart cards, are further driving the growth of NFC POS terminal market.

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An increase in the penetration of NFC-based mobile handsets is one of the prime reasons contributing to the NFC POS terminal market growth. Growing usage of NFC-enabled smartphones is likely to boost the use of NFC POS terminals for payments and digital exchange in transportation, retail, and healthcare industries. Usage of NFC payment infrastructure and popularity of NFC as a preferred payment mode for customers globally are pushing the NFC POS terminal market.

Value added services in POS terminals, such loyalty cards and coupons, will ensure customers a seamless experience thus driving the NFC POS terminal market. The availability of NFC technology and its incorporation into smartphones and POS terminals will help in achieving the benefit of access control and ticketing. Modernized POS terminals can calculate the best ticketing fare based on travel length, discounts, and prior journeys thus resulting in many benefits for customers as well as transport authorities.

An increase in the adoption of electronic payment systems in emerging countries fuel NFC POS terminal market. However, markets in developed countries are saturated due to the prior installations of NFC POS terminals. The use of NFC payment solutions and its growing popularity as an ideal payment mode by customers globally are driving the NFC POS market. The pay by phone trend by NFC compatible phones is pushing the adoption of NFC handsets among consumers thus speedily driving the roll-out of NFC POS terminals in various market sectors such as vending and parking.

A trend boosting the NFC POS terminal market is the adoption of contactless payment cards known as smart cards, which are embedded with chips and are encrypted with data. The data stored on these cards can be read by EMV-enabled POS terminals. In these devices, the transaction takes place with the help of NFC technology, which is also present in smartphones and smartwatches. The contactless cards when placed near the POS systems can accept payments within seconds thus making it easy for customers to make payments using NFC technology and thereby propelling the NFC POS terminal market.

Card issuing banks in many countries have gradually started to issue contactless cards in high numbers. There are a reasonable number of customers, who possess a contactless card and can use them, which makes it clear that NFC has a significant role in mobile wallet services thus propelling the NFC POS terminal market.

Ease of using NFC POS terminals with the existing infrastructure is preventing the further need of investments. The high cost of these solutions is expected to pose a challenge and thus hinder the growth of the NFC POS terminal market. While the installed NFC POS terminals are growing rapidly over the timeframe, the contactless technology has not been activated or is instantiable in many cases.

The upgrading of the magnetic stripe to EMV is due to the legal shift. The expansion of NFC POS terminal market is an indication that retailers are looking to provide convenience to customers. Payments using smartphones are slowly getting acceptance from customers and retailers due to the mobile payments solutions such as Android Pay, Apple Pay, and Samsung Pay. The capabilities of NFC POS terminals are not only affecting the financial ecosystem but also other important business aspects, such as marketing and customer services, making NFC POS terminal an attractive market.

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North America and Europe NFC POS terminal markets were introduced with Apple Pay in 2015. It was launched by Apple to make it possible to pay for goods and services by tapping one’s iPhone, iPad, or Apple Watch to a card reader. This could be possible if the customer was banking with a bank, which supports Apple Pay thus escalating the NFC POS terminal market demands. Furthermore, Android Pay and Samsung Pay were introduced in these regions. In the UK, the Transport for London (TFL) introduced the ‘pay for travel using contactless cards’, driving the NFC POS terminal market. North America market is expected to dominate the market.

In the U.S. NFC POS terminal market., some retailers had been cautious to adopt NFC POS payments in the beginning due to the lack of understanding of the added value, hardware, training expense, and security concerns. These issues were overcome as the merchants addressed and solved them thus opening doors to great benefits such as branding, loyalty, and data collection.

Asia Pacific NFC POS terminal market is expected to witness a high growth during the forecast period. This can be due to the increasing adoption of smart devices across these regions. Apple Pay is supported in some countries such as Singapore, Japan, Hong Kong, Australia, and New Zealand in the Asia Pacific region. China and India are expected to favorably impact the market owing to the large software base and its distribution in retail stores & automotive sector. High market growth in the region is due to the reduction in Total Cost of Ownership (TCO) and increase in Small and Medium Business (SMBs).

Key market players dominating the NFC POS terminal market include Cybernet, Inc. Equinox Payments, First Data Corp., Heartland Payment Systems, Paz Technology Ltd., Ingenico SA, NEC Technology, SZZT Electronics Co., Ltd., and VeriFone Systems. 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

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Global POS Terminals Industry to expand $125bn by 2024

Point of Sale (POS) terminals market popularity of wireless communication technology and high demand across application areas are key growth drivers. (Point of Sale) POS Terminals Market size is set to exceed USD 125 billion by 2024; according to a research report by Global Market Insights, Inc. The global shipments are set to witness a double-digit growth rate in the coming years.

The POS terminals market is anticipated to witness considerable growth over the forecast timespan owing to the rising demand across several applications such as entertainment, healthcare, hospitality, retail, and warehouse. Increasing advancements in technologies and the growing demands for contactless payments, coupled with the adoption of NFC devices in the industry are anticipated to boost the global POS terminals market demand.

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Owing to the surge in the popularity of e-commerce in the recent years, an increase in the number of online shoppers has been witnessed. The increasing demands from customers, and the changing customer needs has compelled several vendors to focus on implementing online sales segment for their businesses. The vendors are concentrating on replacing their physical stores with e-commerce channels, which has led to a speedy growth of e-commerce transactions. Moreover, the developments in design & engineering and the low pricing of the terminals has made them affordable for most of the vendors.

The rising penetration of the Internet and payment solutions, such as online payments, stationary phone and mobile payments, has given an impetus to the POS terminals market. The systems are gradually shifting towards digital format, with e-mail and electronic receipts allowing paper free transactions. In addition, increased adoption of debit and credit cards has generated a high demand for these devices. With the advancements in payment technologies, the industry is migrating towards EMV chip card payments which is anticipated to further fuel the POS terminals market momentum in the next seven years.

A key challenge for the industry participants is the privacy and security concerns associated with data breaches. The non-compliance towards Payment Card Industry Data Security Standard (PCI-DSS) is increasing the prospect of card data breaches, which is resulting in the financial impacts. The migration of the global payments market towards more secure chip card technology is anticipated to subdue the impact of this challenge.

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Rise in the reasonably priced wireless communications technologies is fueling the mobile POS terminals market demand. Presence of universal wireless connectivity such as Bluetooth, and the availability of mobile card readers, scanners, printers, and other devices has driven the industry growth. This growth has encouraged retail and hospitality industries to leverage new strategies and applications to offer a seamless customer experience.

The healthcare application is expected to witness high growth opportunities owing to the rising need to streamline payment practices which is determined to drive the POS terminals market demand. The systems are enabling the exchange of healthcare data which includes administrative, clinical and financial data, through a secure and safe infrastructure. With the rise in high deductible insurance plans, and the patients desire to negotiate healthcare costs in real-time it has led to an increased number of card based payments by patients thereby fueling the system installations at healthcare institutions and providing a growth impetus to the POS terminals market.

Browse key industry insights spread across 280 pages with 211 market data tables & 81 figures & charts from the report, “(Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, South Korea, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

The APAC POS terminals market is predicted to witness substantial growth owing to the growing usage of smartphones and the considerable unbanked population in densely inhabited countries. Increasing number of healthcare facilities coupled with the developing payment landscape is anticipated drive the demand. In addition, China and India POS terminals market are anticipated to act as an impetus in generating a demand for the systems owing to a speedy increase in the number of businesses and SMEs.

The key industry players include VeriFone Systems Inc., Toshiba Corporation, Squirrel Systems, Shenzhen Xinguodu, Samsung Electronics Co., Ltd., Panasonic Corporation, PAX Technology, NEC Corporation, NCR Corporation, Ingenico Group, Fujian Newland and Cisco Systems, Inc.

The industry is growing steadily with extensive demands, industry players are investing in R&D to gain a competitive advantage, which is anticipated to result in mergers and acquisitions. In the industry, the number of solution providers and manufacturers are likely to increase, thereby escalating industry competition in the coming years.

Browse Related Reports:

  • India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook (Tier-One Cities, Tier-Two Cities), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024 

https://www.gminsights.com/industry-analysis/india-point-of-sale-pos-terminal-market 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

Contact Us:

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Global India POS Terminals Industry forecast to surpass $3bn by 2024

India POS Terminals Market size analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. India POS Terminals Industry size is set to exceed USD 3 billion by 2024; according to a new research report by Global Market Insights, Inc. The shipments are set to grow at over 10% CAGR over the forecast timeline.

The demonetization drive to curb black money has led to significant growth in the digital transactions and infrastructure required to support these payments across several modes, from cards to wallets and bank transfers. Card transactions at POS terminals have hit 60% post demonetization, up double from 30% in 2016; this is anticipated to drive the India POS terminals market growth over the forecast timeline. In order to maintain the rise in digital transactions, the RBI has proposed a significant cut in Merchant Discount Rate (MDR) charges on debit card transactions.

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Government emphasis on creating a cashless economy has substantially increased the demand for these machines from banks, propelling the India POS terminals market growth. The Indian government have been encouraging banks to deploy over one million terminals after demonetization to meet the rising demand and address the major cash crunch crisis.

State Bank of India (SBI), the major public-sector bank has prepared a proposal for the procurement of 500,000 machines. Such high demand from the banks is offering huge opportunities for the Indian players such as Mswipe, Ezetap, and Pine Labs to establish a strong foothold in the industry by offering competitive systems.

Browse key industry insights spread across 190 pages with 90 market data tables & 20 figures & charts from the report, “India (Point of Sale) POS Terminals Market Size By Application (Restaurants, Entertainment, Healthcare, Hospitality, Retail [Department Stores, Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores], Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware, Services), By Functionality (Connected, Standalone), Industry Analysis Report, Regional Outlook (Tier-One Cities, Tier-Two Cities), Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/india-point-of-sale-pos-terminal-market

Security concerns pertaining to theft of confidential financial information is expected to inhibit the India POS terminals Industry growth. This is due to the potential risk of skimming and malware while transactions being carried out at POS terminals. Most of the hackers seek the keystroke loggers to gain the information regarding the PIN and user IDs. In addition, malwares are the most attractive sources of stolen payment cards for the cybercriminals, which may inhibit growth.

The mobile POS terminals market is anticipated to witness growth over the forecast timeline owing to wide adoption across retail, restaurant and hospitality sectors. This is due to the need to accept payment at varied mobile locations. The features offered by these devices such as streamlining the operations, enhancing productivity, service efficiency, and secure payment transactions further contributes towards the demand.

India connected POS terminals market will witness a huge demand owing the advantages offered by the technology such as enhanced security, free floor space, and minimized customer waiting time. Moreover, the demand for these machines are majorly coming from small business across retail and restaurants as the technology is becoming more affordable and approachable Connected terminals helps in inventory management and provide consolidated of the card payments.

In India, Global POS terminals have significant penetration in Tier 1 cities, whereas Tier 2 cities and rural areas are picking up progressively. Several initiatives such as Micro ATMs, Aadhaar-enabled systems, and Jan Dhan Yojana are surging the demand in the rural areas impacting the Global  India POS terminals industry size.

Players operating in the India POS terminals market include VeriFone, Ingenico, Ezetap Mobile Solutions Pvt. Ltd., MobiSwipe Technologies Private Limited, Mosambee, Paynear Solutions Pvt. Ltd., Skilworth Technologies Pvt. Ltd. and Visiontek Telesystems Private Limited among others. The increasing number of orders from banks offer great opportunities to the Indian players. Procuring these systems from foreign players consumes more time to ship the product during immediate requirement, hence, companies in the local market are focusing on expanding their manufacturing capacity.

This latest India POS 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 india POS 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.

Reasons to Buy This Report

  • Global India POS Terminals Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key India POS Terminals Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

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India POS terminals market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD and volume in unit shipments from 2013 to 2024, for the following segments:

  • India POS Terminals Market, By Product
    • Fixed
    • Mobile
  • India POS Terminals Market, By Component
    • Hardware
    • Software
    • Services
  • India POS Terminals Market, By Functionality
    • Connected
    • Standalone
  • India POS Terminals Market, By Application
    • Restaurants
    • Hospitality
    • Healthcare
    • Retail
    • Warehouse
    • Entertainment
    • Others

The above information is provided on a regional basis for the following:

  • Tier 1
  • Tier 2
  • Others 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

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mPOS Terminals Market growth outlook with industry review and forecasts by 2023

The global mobile POS terminals market share report provides numbers for applications and regional segments of the industry covering historical as well as forecast data for decision makers. The increasing necessity to ensure timely payment processing in the retail & hospitality sectors will spur mobile POS terminals market. Mobile POS is essentially an electronic payment system that is designed to transfer funds from credit and debit cards at stores, restaurants, and shopping outlets.

These solutions comprise a handheld mobile device embedded with a payment card reader and related technical support. Equipped with features such as Wi-Fi, RFID, NFC, and VoIP, these wireless systems help reduce costs per transaction deploying technologies such as GPRS, 802.11, and CDMA. A report compiled by Global Market Insights, Inc., states that mobile POS terminals industry size was worth USD 11.54 billion in the year 2015, and is expected to cross USD 48 billion by the year 2023. An exponential rise in the demand for wireless communication will propel this market, set to grow at a rate of 19% over 2016-2023.

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The retail sector held more than 30%  of mobile POS terminals market share in 2015, with a valuation of USD 3.48 billion. Pertaining to the fact that mobile POS solutions help retailers create integrated and converged solutions, retail applications are projected to grow at a rate of 17.8% over 2016-2023.

Wireless systems are increasingly deployed in amusement parks, pubs, stadiums, cinemas, and casinos, subject to which mobile POS terminals industry share from the entertainment sector will touch USD 4.35 billion by the year 2023, growing at a rate of 19.6% over 2016-2023.

This sector is also expected to contribute majorly toward North America mobile POS terminals market, given that the entertainment market in the region is advancing at a rapid rate. With U.S. being the prime revenue contributor, North America industry is expected to grow at a CAGR of 18.3% over the coming six years.

The reduced TOC and a growing consumer pool subject to the increasing number of SMBs in the region will fuel APAC mobile POS terminals market share, slated to grow at a rate of 19.6% over 2016-2023, having accounted for more than 25% of the overall share in 2015.

Browse key industry insights spread across 100 pages with 108 market data tables & 11 figures & charts from the report, “(mPOS) Mobile POS Terminals Market Size By Component (Software, Hardware), By Application (Restaurants, Entertainment, Hospitality, Healthcare, Warehouse, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, India, Japan, Brazil, Mexico)” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/mobile-point-of-sale-mpos-terminals-market

Component-wise, this market is divided into software and hardware. Hardware-based mobile POS terminals industry is anticipated to grow at a rate of 18% over 2016-2023. Software on the other hand, is used for restoring data, providing backup features, high grade functionality, and tracking consumer behavior. On these grounds, software-based mobile POS terminals market size is expected to exceed USD 9.5 billion by the year 2023, growing at a rate of 22% over 2016-2023.

Major participants accumulating a huge chunk of mobile POS terminals industry share include Ingenico, Oracle, VeriFone, First Data Corporation, and Zebra Technologies.

This latest mobile POS 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 mobile POS 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.

Reasons to Buy This Report

  • Global Mobile POS Terminals Market size & forecast by product & application.
  • Growth drivers, pitfalls & industry challenges.
  • Key Mobile POS Terminals Market growth opportunities & emerging business models.
  • Competitive benchmarking with market share analysis and company profiles.

Make an inquiry for buying this report @ https://www.fractovia.org/request-purchase/384

 Table of Content of Mobile POS Terminals Market: 

Chapter 1    Methodology & Scope

1.1    Research Methodology

1.1.1   Initial data exploration

1.1.2   Statistical modeling and forecast

1.1.3   Industry insights and validation

1.2    Data Sources

Chapter 2       Executive Summary

2.1    Mobile POS terminals industry 3600 synopsis, 2012 – 2023

2.1.1   Business trends

2.1.2   Regional trends

2.1.3   Application trends

Chapter 3       Mobile POS Terminals Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2012 – 2023

3.3    Industry ecosystem analysis

3.3.1   Vendor landscape

3.4    Technological evolution

3.5    Industry impact forces

3.5.1   Growth drivers

3.5.2   Industry pitfalls & challenges

3.6    Growth potential analysis

3.7    Competitive landscape, 2015

3.7.1   Strategy overview

3.8    Porter’s analysis

3.9    PESTEL analysis 

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Global POS Terminals Market to grow at 11.2% CAGR from 2016 to 2023

The industry share report (Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), By Technology (Biometric, Traditional), Industry Analysis Report, Regional Outlook (U.S., Mexico, Germany, UK, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, global (Point of sale) POS terminals market to hit USD 103 billion by 2023. Development of innovative solutions to improve profit margins across industry verticals will fuel global POS terminals market share. Security features, wireless communication technology, growing requirement for paper-less receipts, and prevention of fraudulent transactions will boost product demand.

POS terminals comprise hardware and software components. Software-based POS terminals are cost-effective and integrated with advanced features that facilitate convenience across the value chain, which will drive software Point of Sale terminals market. Hardware-based POS terminals market accounted for a significant 85% of the overall industry share in 2015.

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Fixed and mobile are the two types of POS terminals. Increasing usage of mobile devices such as tablets and smartphones will propel mobile Point of Sale terminals market size, which is expected to grow at a CAGR of more than 19% over 2016 to 2023. Unrestrained information access, convenient online payments, and rising consumer preferences toward high-tech mobile devices will catalyze industry growth.POS terminals find applications across the retail, warehouse, healthcare, entertainment, and hospitality sectors.

Retailers are increasingly adopting advanced technology such as EMV to prevent transaction frauds and implement secure online payments, which will catalyze Point of Sale terminals market. Products used for the retail sector are endowed with advanced features such efficient invoice system, discount offers, inventory management systems, data backup, and customer record maintenance. Retail POS terminals industry attributed to more than 30% of the overall share in 2015, driven by the requirement for a secure work module and growing demand for operational efficiency.

Highly developed infrastructure and rising demand for online bill payments will significantly propel healthcare Point of Sale terminals market size over 2016-2023. Furthermore, increased investments in the healthcare sector coupled with an efficient system to track patient information will stimulate industry growth.

Browse key industry insights spread across 178 pages with 67 market data tables & 62 figures & charts from the report, (Point of Sale) POS Terminals Market in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/point-of-sale-pos-terminals-market

Rising demand for tablets and smartphones coupled with the upgradation of retail stores across countries such as China and India will stimulate APAC POS terminals market. Increasing adoption of mobile wallet payments such as Apple Pay and Samsung Pay will drive U.S. Point of Sale terminals industry size, which was significantly high in 2015.

The industry participants are engaging in mutual collaborations to improve profit margins and strengthen regional presence. For instance, Revel Systems recently collaborated with Shell Partner to increase Shell’s business through mobile payments by installing POS systems at gas stations. Moreover, strategies to combat the increasing security threats across various sectors will also be one of the top priorities of the manufacturers.

Key market players are VeriFone Holdings, Ingenico Group, and PAX Technology, NCR Corp., Cisco, CDL Logistics, Demandware, LS Retail, Cegid Group, and CitiXsys Inc.

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Retail Point of Sale Terminals Market to grow at 14% CAGR from 2016 to 2024

The industry statistics report “Retail (Point of Sale) POS Terminals Market Size By Product (Mobile, Fixed), By Services (Professional services, Support & Maintenance, Training), By Component (Software, Hardware), By Application (Department Store, Supermarket/Hypermarket, Warehouse, Convenience, Discount Store, Specialty Store, Drugstore, Category Store), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says that Retail Point of Sale Terminals Market share to grow at 14% CAGR from 2016 to 2024, to exceed USD 45 billion by 2024. Rising trend towards cashless transactions driven by acceptance of online payment and mobile payment options will boost retail POS terminals market development. Growing necessity to curb black money transactions, frauds, money laundering, and illegal cash transactions are expected to supplement the industry growth over the coming years.

Wide applications across department stores, category stores, convenience stores, warehouse, discount stores, supermarkets, specialty stores, and drugstores is expected to elevate retail POS terminals market growth over the next few years.

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Supermarket applications, which contributed nearly 35% of the global retail POS terminals market share in 2015, will experience substantial growth over the coming timeframe. Growing need to improve the consumer experience, ability to minimize manual error, and proper inventory & employee tracking are the major market growth drivers. Discount and convenience stores are also anticipated to boost the industry revenue over the coming years.

Mobile and Fixed POS terminals are the key products of retail POS terminals. Mobile POS terminals market size, worth USD 11.54 billion in 2015, is expected to witness a significant surge over the coming timeframe. Enhanced use of mobile instruments such as smartphones, iPhones, and tablets is expected to drive retail POS terminals industry size over the years to come. Fixed POS terminals industry, which dominated the overall revenue in 2015, is expected to witness a high growth over the next seven years.

Strict legislations to upgrade EMV terminals owing to growing security concerns is expected to accelerate North America retail POS terminals industry over the years to come. In addition to this, the presence of key industry players will also drive the regional growth.

Browse key industry insights spread across 170 pages with 128 market data tables & 99 figures & charts from this 2017 report Retail (Point of Sale) POS Terminals Market in detail along with the table of contents:

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U.S. is expected to be a key regional revenue contributor.APAC retail POS terminals market growth is projected to be influenced by high demand for mobile and digital payments. China and India are forecast to be major regional revenue drivers.

High demand for optimizing IT hardware and software across various firms is expected to positively impact the growth of the industry in Europe.

Market players will try to enhance their geographical presence by adopting key business strategies such as formation of strategic alliances and joint ventures. Major industry participants include Ingenico Group, VeriFone Holdings Inc., MICROS Systems, Hewlett-Packard, Samsung Electronics Limited, Toshiba Corporation, Cisco Systems, NEC Corporation, and Ingenico Group. Corporation, HP Company, NEC Corporation, Posiflex Technology Incorporation, PAX Technology Limited and Verifone.

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Browse Related Reports:

(Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), By Technology (Biometric, Traditional), Industry Analysis Report, Regional Outlook (U.S., Mexico, Germany, UK, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

https://www.fractovia.org/news/industry-research-report/point-of-sale-pos-terminals-market

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

The industry statistics report “Retail (Point of Sale) POS Terminals Market Size By Product (Mobile, Fixed), By Services (Professional services, Support & Maintenance, Training), By Component (Software, Hardware), By Application (Department Store, Supermarket/Hypermarket, Warehouse, Convenience, Discount Store, Specialty Store, Drugstore, Category Store), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”, by Global Market Insights, Inc. says that Retail Point of Sale Terminals Market share to grow at 14% CAGR from 2016 to 2024.

An mPOS (mobile point of sale) is a tablet, smartphone or a wireless equipment which performs operations of cash register or electronic point sale terminal. Its execution allows sales and service sectors to carry out monetary deals in place and enhance user experience. It can be inexpensive allowing small firms to carry out business deals instead of investing in an electronic register.

Based on the software, an mPOS can function as a separate equipment which is normally connected to business bank account or can be a unified part of a bigger POS (point of sale) system.

As per the reports published by Global Market Insights, global mobile POS terminals market size contribution was $11.55 billion in 2015 and is projected to record a CAGR of about 19.1% during forecast timeline. Rise in inexpensive wireless communication techniques is stimulating industry growth during forecast timeline.

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Industry Trends

Rising demand from end use sectors like hospitality sector and retail sector is expected to boost industry expansion. mPOS devices are used in retail as well as hospitality sectors for enhancing user experience by preventing delays in processing of payments.

Global (mPOS) Mobile POS terminals industry makes use of wireless devices to pay for products and services. Utilizing wireless systems can modernize many procedures like rental cabs, restaurants and purchasing food in stores. They help in reducing cost per each transaction in telecommunications industry by utilizing Wi-Fi devices, CDMA technologies and GPRS systems.

Global acceptance of the equipments along with compatible software provide firms with portable sale convenience. Furthermore, these wireless systems enhance worker efficiency and eradicates time delay in sales and services.

However, data security concern is a main challenge that has badly hindered the global (mPOS)mobile POS terminals market expansion and is also predicted to remain as an area of concern even during forecast period.

Component Trends

Global (mPOS)mobile POS terminals market is segmented into software components and hardware components.

Software components segment is projected to exceed $9.6 billion and register a CAGR of higher than 22.1% by end of forecast timeline.

Intelligent and proficient software synchronizes/co-ordinates screen terminal and barcode scanner functions to restore data as well as backup. It can also handle customer loyalty programs and detect purchasing patterns. All these factors are predicted to boost segment demand and growth.Hardware segment is projected to record CAGR of about 18.1% during forecast timeline.

Application Trends

Global (mPOS) mobile POS terminals market is segmented into retail application, entertainment, healthcare, restaurant, warehouse and hospitality.

Retail application segment contributed higher than 30.1% to global industry share of 2015 in terms of revenue and is anticipated to record CAGR of about 17.9% during forecast timeline.

Entertainment segment is anticipated to touch revenue mark of about $4.36 billion by end of forecast timeline. It consists of amusement parks, casinos and tourism and all of these require robust mPOS terminal systems to attract customers.

Browse key industry insights spread across 170 pages with 128 market data tables & 99 figures & charts from this 2017 report Retail (Point of Sale) POS Terminals Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/retail-point-of-sale-pos-terminals-market

Regional Trends

Global (mPOS) mobile POS terminals market is segmented into North America, Asia Pacific, MEA(Middle East & Africa), LATAM (Latin America) and Europe.

North American industry is anticipated to record a CAGR of 18.4% during forecast period and is fueled by U.S. mobile POS terminals industry growth.

Europe (mPOS)mobile POS terminals market price was higher than $3.1 billion in 2015.

Rise in number of consumers due to increase in small & medium sized firms and diminishing ownership costs is anticipated to favorably affect Asia Pacific (mPOS) mobile POS terminals industry trends. 

Competitive Trends

Key industry players include QVS Software Incorporation, Zebra Technologies, First Data Corporation, Oracle Corporation, Ingenico S.A., Panasonic Corporation, HP Company, NEC Corporation, Posiflex Technology Incorporation, PAX Technology Limited and Verifone. 

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Browse Related Reports:

(Point of Sale) POS Terminals Market Size By Application (Entertainment, Healthcare, Hospitality, Retail, Warehouse), By Product (Mobile, Fixed), By Component (Software, Hardware), By Technology (Biometric, Traditional), Industry Analysis Report, Regional Outlook (U.S., Mexico, Germany, UK, China, India, Japan, Brazil), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023

https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology. 

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