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POS Market Analysis By Product Type (Fixed POS Terminal, Wireless and Mobile POS Terminal); By Component (Hardware and Software); By Deployment (Cloud, On-premise); By Application (Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, and Entertainment), By Region & Segment Forecast, 2017 – 2025
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Description

The global Point-of-Sale (POS) market was valued at USD 39.04 Billion in 2015, and is projected to reach USD 108.52 billion by 2025, growing at a CAGR of 10.9% over the forecast period. Rising investments in technological advancements such as end-to-end encryption for delivering secured payment solutions and customers convenience are projected to escalate the demand.

Rapidly increasing smartphone penetration has encouraged the industry players to become more focused on software technology. The technology is also expected to witness a gradual shift owing to rapid technological developments in POS terminal solutions. Furthermore, the proliferation of Near Field Communication (NFC) devices is anticipated to increase the demand for contactless payments, further impacting the growth. For instance, in November 2016, Indian economy was demonetized by government forbidding higher currency notes and launched “Digital India” initiative for online transaction and cashless economy promotion. Such initiatives have substantially boosted the technology in India. Indian banks have exceeded the target of 1 million POS terminals post demonetization, henceforth, accelerating the growth.

Lower prices of supporting software, ease of adoption & use, cost effective integration, space & time saving, and portability are few of the trends shifting the market from conventional cash payments to Point of Sale payments. Additionally, increasing mobile payment alternatives and gradual increase in ecommerce transactions offering lower fees have projected the increase in growth over the forecast period. Wide adoption of wireless payment terminal, promoting cashless transactions in emerging economies, rising application of MasterCard, Euro Pay, & Visa cards, and wireless technology emergence in mobile handsets and wearable also drives the market. However, stringent regulations in applying for government certifications for technology, and rising data security concerns are estimated to pave hurdle for the growth. Non-compliance to PCI Data Security Standards (DSS) raises the possibility of card data breaches, results adverse impact on customer trust and representatives reputation. Though, solutions such as Omnishield Assure have been developed for card information protection via point-to-point encryption. The solution consequently reduces the burden and minimizes the risk of financial breach.

The global POS technology has been segmented by product type, component, deployment, and application. On the basis of product type, the industry has been segregated as fixed POS terminal, wireless, and mobile POS terminal. Component segment has been segmented as hardware and software, while deployment segment has been bifurcated as cloud and on-premise. Based on application, the market has been segmented by restaurants, hospitality, retail, warehouse & distribution, and entertainment.

Services segment is anticipated to grow at the highest rate over the forecast period

The services segment is projected to witness enormous growth owing to growing security threats to personal & financial data. Penetration of services segment majorly in emerging economies is also driving growth. Software segment has been expected to witness significant growth over the forecast period owing to advancements in cloud computing, resulting in growing application of Software-as-a-Service (SaaS) platform-based systems.

North America is predicted to hold the largest market share of the POS terminal

North America region has been anticipated to dominate the industry, accounting for over one third of the revenue. Although, Asia Pacific region is anticipated to developed as a beneficial player over the forecast period owing to rising levels of incomes & standards of living in emerging economies of India, & China. Moreover, government initiatives to support digital economy are increasing the demand in the region. Significant unbanked population and low penetration in emerging nations are estimated to offer lucrative opportunities for growth over the forecast period.

Prominent players include VeriFone Systems, PAX Technology, Ingenico S.A., HP Company, Panasonic Corporation, Cisco Systems, Toshiba Corporation, MICROS Systems, and Samsung Electronics. R&D activities, new advanced product launches, mergers & acquisitions, and expansions are few strategies adopted by industry players to cater to the needs of the market. For instance, in July 2017, Bambora was acquired by Ingenico, a Swedish payment-services company to expand fast growing end-to-end payment solutions for SMBs in Europe.

Table of Content

  1. EXECUTIVE SUMMARY
  2. RESEARCH METHODOLOGY
    1. Market Definition
    2. Market Scope
    3. Data Sources
  3. MARKET DYNAMICS
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. INDUSTRY OVERVIEW
    1. Value Chain Analysis
    2. Porter’s Five Forces Analysis
    3. Key Trends
  5. GLOBAL POS MARKET, BY PRODUCT TYPE (2017-2025)
    1. Global POS Market, by Fixed POS Terminal
    2. Global POS Market, by Wireless Terminal
    3. Global POS Market, by Mobile POS Terminal
  6. GLOBAL POS MARKET, BY COMPONENT (2017-2025)
    1. Global POS Market, by Hardware 
    2. Global POS Market, by Software
  7. GLOBAL POS MARKET, BY DEPLOYMENT (2017-2025)
    1. Global POS Market, by Cloud
    2. Global POS Market, by ON-Premise
  8. GLOBAL POS MARKET, BY APPLICATION (2017-2025)
    1. Global POS Market, by Restaurant
    2. Global POS Market, by Hospitality
    3. Global POS Market, by Healthcare
    4. Global POS Market, by Retail
    5. Global POS Market, by Warehouse & Distribution
    6. Global POS Market, by Entertainment
  9. GLOBAL POS MARKET, BY REGION (2017-2025)
    1. North America POS Market
      1. North America POS Market, by Product Type
      2. North America POS Market, by Component
      3. North America POS Market, by Deployment
      4. North America POS Market, by Application
      5. North America POS Market, by Country
        1. U.S. POS Market
        2. Rest of North America POS Market
    2. Europe POS Market
      1. Europe POS Market, by Product Type
      2. Europe POS Market, by Component
      3. Europe POS Market, by Deployment
      4. Europe POS Market, by Application
      5. Europe POS Market, by Country
        1. France POS Market
        2. Germany POS Market
        3. U.K POS Market
        4. Rest of Europe POS Market
    3. Asia Pacific POS Market
      1. Asia-Pacific POS Market, by Product Type
      2. Asia-Pacific POS Market, by Component
      3. Asia-Pacific POS Market, by Deployment
      4. Asia-Pacific POS Market, by Application
      5. Asia-Pacific POS Market, by Country
        1. China POS Market
        2. Japan POS Market
        3. India POS Market
        4. Rest of Asia Pacific POS Market
    4. Middle East & Africa POS Market
      1. Middle East & Africa POS Market, by Product Type
      2. Middle East & Africa POS Market, by Component
      3. Middle East & Africa POS Market, by Deployment
      4. Middle East & Africa POS Market, by Application
      5. Middle East & Africa POS Market, by Country
    5. Latin America POS Market
      1. Latin America POS Market, by Product Type
      2. Latin America POS Market, by Component
      3. Latin America POS Market, by Deployment
      4. Latin America POS Market, by Application
      5. Latin America POS Market, by Country
        1. Brazil POS Market
        2. Rest of Latin America POS Market

 

  1. MARKET COMPETITION ANALYSIS
    1. Market Share/Positioning Analysis
    2. Key Innovators
    3. Company Profiles
      1. Cisco Systems.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      2. HP Company.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      3. Ingenico S.A..
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      4. MICROS Systems.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      5. InvenSense, Inc.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      6. Panasonic Corporation.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      7. PAX Technology.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      8. Samsung Electronics.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      9. Toshiba Corporation.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      10. Verifone Systems.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments

Research Methodology

This research study involved the usage of extensive secondary sources; directories; databases such as Hoovers, Bloomberg Business, Factiva, and Avention; white papers; annual reports; company house documents; and SEC filings of companies. Secondary research was mainly used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the market. It was also used to obtain key information about the market classification and segmentation according to the industry trends, regional markets, and developments related to the market and technology perspectives. Primary sources were mainly several industry experts from core and related industries; and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry‘s value chain. In-depth interviews were conducted from various primary respondents which included key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure shows the market research methodology applied in making this report.



After the complete market engineering (which includes calculations for market statistics, market breakdown, market size estimation, market forecasting, and data triangulation), extensive primary research was conducted to gather information and to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types and key market dynamics such as drivers, restraints, and opportunities.

In the complete market engineering process, both top-down and bottom-up approaches were extensively used along with several data triangulation methods to perform market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

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