Global Point of Sales (POS) Terminal Market Analysis, 2020
By Product Type (Fixed, Portable & mPOS), By Deployment (Cloud, On-Premise), By EMV Compliance (EMV & Non-EMV), By Industry (Retail, Travel & Hospitality, Media & Entertainment, Healthcare, Education & Others), )), By Region (North America, South America, Europe, APAC, Middle East, Africa), By Country (U.S, Canada, Mexico, Brazil, Germany, France, Italy, The U.K, Russia & CIS, Spain, China, India, Japan, South Korea, South East Asia, Saudi Arabia, UAE, Turkey, Qatar, By Company
ICT & Electronics
The soaring adoption of payments through digital mode are transforming the global technology from cash-based to cashless coupled with the investment in R&D for technological advancement across the globe is propelling the global POS terminal market. Moreover, the governments’ support to improve the payment system is strengthening the global POS terminal market across the globe. For instance, the “federal budget 2019” announced by the government of Canada include the measure for the improvement for payment system in the country specifically in the Retail sector. Also, in 2109, the government announced that the government is working with the Amazon to introduce a mobile payment system “CoDi” which would allow the end-users to purchase as well as pay through mobile by QR codes. Moreover, the government in India waved off import the duties on point of sale (POS) terminals from China in 2019.
According to MarkNtel Advisors’ research report “Global Point of Sales (POS) Terminal Market Analysis, 2020”, the global POS terminal market is anticipated to grow at a CAGR of around 8.72% during 2020-25. APAC region dominates the global POS terminal market as the countries in the region such as India, China are moving towards the adoption of the digital payment system.
Moreover, expanding the retail sector and opening of the new hypermarket, supermarket across the globe is resulting in more deployment of POS terminal. For instance, hypermarket and supermarket in china such as Lianhua Supermarket, Hongqi, Zhongbai, Yonghui Superstores opened 295, 119, 200, 332 stores respectively in 2017.
Also, the investment in infrastructure across the globe in industries such as Hospitality, Healthcare, Retail, Education would drive the global POS terminal market. In 2018, the government of the U.K announced to invest USD8.76billion in the infrastructure and business in Africa.
New Product Launch by Established Players to Create the Competition High
The companies in the global POS terminal market are investing in the new product innovation to expand the product portfolio. The leading companies in the global POS terminal market are Ingenico, VeriFone Systems, Fujian Newland Payment Technology, Centerm Information Co, PAX Technology. Companies are launching new products to remain competitive in the market. For instance, In 2019, POS provider “Ingenico” launched OP2GO, a new payment solution specifically for the transport ticketing. And in the same year the company announced the contactless payment solution tap on Phone (ToP) for the NFC payment.
1. Research Process
1.2. Market Segmentation
1.3. Market Definition
2. Executive Summary
3. Global POS Terminal Market Outlook, 2015-2025F
3.1. Market Size & Analysis
3.2. Market Share & Analysis
3.2.1.By Product Type
3.2.2.By Mode of Deployment
22.214.171.124. On Premise
3.2.3.By EMV Compliance
126.96.36.199. Travel & Hospitality
188.8.131.52. Media & Entertainment
184.108.40.206. North America
220.127.116.11. South America
18.104.22.168. Middle East & Africa
22.214.171.124. Revenue Shares
126.96.36.199. Strategic Factorial Indexing
188.8.131.52. Competitor Placement in Markntel Quadrant
4. North America POS Terminal Market Outlook, 2015- 2025F
4.1. Market Size & Analysis
4.2. Market Share & Analysis
4.2.1.By Product Type
4.2.2.By Mode of Deployment
4.2.3.By EMV Compliance
4.3. The US POS Terminal Market Outlook, 2015-2025F