Market Research Report
Global POS Terminals Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||361533|
|Published||Content info||130 Pages
Delivery time: 1-2 business days
|Global POS Terminals Market 2019-2023|
|Published: December 7, 2018||Content info: 130 Pages||
The growing demand for advanced technologies for managing payments in large end- user industries, such as retail, healthcare, hospitality and warehouse and distribution is a major factor to drive the market growth. The large number of credit and debit card transactions among consumers is encouraging retailers and other end- users to adopt POS terminal. The end- users begin to demand a wide variety of payment solutions; POS terminal providers will be focusing on meeting their needs to retain the exiting customers and to attract new ones. Therefore, the availability of such products is likely to fuel the growth of the market during our forecast period. According to our industry experts, the POS terminals market to grow at a CAGR of nearly 8% during the forecast period.
Self service POS terminals such as self- service payment kiosks are interactive computer terminals featuring specialized hardware and software that provide access to information and allow customers to make card payments. The increased rate of self- service payments the will be a rise in the need for secure transactions. This has propelled the adoption of biometric POS terminals which subsequently led to growth of POS terminal market.
The operational cost of POS terminals is considered higher than that of a conventional setup, which involves an actual register. Server based POS terminals are costlier than cloud based POS terminals due to their high setup costs, and many other factors. Therefore, the high maintenance costs of POS terminals are expected to limit the growth of the market during our forecast period.
For the detailed list of factors that will drive and challenge the growth of the POS terminals market during the 2019-2023, view our report.
The POS terminals market is moderately fragmented, due to presence of considerable number of vendors in the market. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.