Retail POS Terminals Market has been expected to grow at CAGR 5.4% during 2016-2024- Credence Research
As stated in a new market report published by Credence Research,
Inc. “Global Retail
POS Terminals Market (By Product Type (Fixed POS terminals and
Mobile POS terminals), By Component (Hardware and Software), and By Application
(Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass
Merchandisers, and Gas Stations among others) Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global
retail POS terminals market is expected to witness a steady growth, expanding
at a CAGR of 12.8% from 2016 to 2023.
Market Insights
A Point of Sale terminal is an electronic device that accepts
card payments from customers at a point of purchase. Some of the major
functions performed by a POS terminal in a retail store include maintaining
customer record, data backup, fast bill processing, inventory tracking,
managing loyalty program, and offering special discounts among others. These
functions enable retailers to ensure operational efficiency and streamline
workflow, thereby boosting sales and profits. POS terminals offer higher
durability and reliability over their traditional counterparts like cash registers,
and hence have started replacing them in both small as well as medium sized
retail stores. The demand in the retail sector is also driven by the escalating
demand for mobile POS solutions.
Browse the Global Retail POS Terminals Market - Growth, Share,
Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/retail-pos-terminals-market
Competitive Insights:
The global retail POS terminals/systems market is competitive
and technology driven. In addition, the market for POS terminals in retail
sector is extremely consolidated owing to the mergers and acquisitions of SMEs
by/with large companies. Verifone Systems, Inc. (the United States) and Ingenico
S.A. (France) collectively account for over half of the global retail POS
terminals market revenue. Other players including NCR Corporation (the United
States), PAX Technology Ltd. (Hong Kong), Toshiba Corporation (Japan), MICROS
Systems, Inc. (the United States), Hewlett Packard (the United States),
Panasonic Corporation (Japan), and Samsung Electronics Co., Ltd. (South Korea)
have been identified as promising and emerging players in the retail POS
terminals market.
Key Trends:
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ToC:
1.
Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
2. Executive Summary
2.1. Global Retail POS Terminals Market Snapshot
3. Global Retail POS Terminals Market Analysis
3.1. Global Retail POS Terminals Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted…
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