Global "Point-of-Sale
(POS) Terminals Market" 2025 Industry
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In this report, we
thoroughly examine and analyse the Global market for Point-of-Sale (POS)
Terminals so that market participants can improve their business strategy and
ensure long-term success. This report provides players with useful information
and suggests result-based ideas to give them a competitive advantage in the
global Point-of-Sale (POS) Terminals industry. It will show how other players
compete in the global Point-of-Sale (POS) Terminals Market and explain the
strategies you use to differentiate yourself from other participants.
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The Global Point-of-Sale
(POS) Terminals Market is anticipated to reach USD 116.06 billion by 2025 due
to considerable rise in the demand for reasonably priced wireless technologies
and mobile POS terminals. A Point-of-sale Terminal is an electronic device that
processes card payments at different retail provisions.
The device reads the
customer’s debit cards or credit card’s information, checks if the customer’s
bank account funds are sufficient, transfer the funds from the customer’s
account to the retailer’s account, and records the transaction and print
receipts. The Point-of-sale Terminals are a combination of hardware and
software that accepts card payments which do not require updating of cash
registers for direct card reading. The installation cost of POS terminals
differ with the business size and terms of the supplier. The smaller traders
may have to pay the terminal rent and also additional per-transaction charge.
The POS Terminals Market is
widely used in the sectors like retail, warehouse distribution, healthcare,
hospitality sectors, etc. A large number of players across the globe characterizes
the market. The existence of the growing number of players is heavily
strengthening the Point-of-Sale Terminals industry competition. This
competition is expected to be a positive influence for the market growth as it
will continuously motivate the players to adopt modern technologies and boost
the market with improved solutions. The Point-of-Sale (POS) Terminals industry
is predicted to experience more newcomers in the forecast period.
Two major benefits of
Point-of-Sale (POS) Terminals are accuracy and analysis. The scanning of
Point-of-Sale Terminals are very accurate than the punching numbers from a
sticker. The POS Terminals allow to manage the inventory, flag products for
recording, and analyze the sales patterns. The persistent requirement for the
trendy enhanced software is expected to drive the market. Hottest advancements
in the screen-touch technology have helped the POS functioning, which again
augments the global market. Above all, this effective device helps to reduce
manual errors, which rises its acceptance across different segments and boost
the market growth. However, the security issue related to this technology
restricts the growth of POS Terminals industry.
From among the wide
applications of Point-of-Sale Terminals like supermarkets, restaurants,
grocery, field service, hospitality lodging, retail, government, healthcare,
and warehouse/distribution, the retail area is leading area due to the growing
popularity of technology driven payment options in the retail industry. Another
leading application of POS Terminals is observed in the healthcare industry.
Similarly, the warehouse industry will also experience a strong growth due to
the rising acceptance of mobile POS terminals.
The Point-of-Sale (POS)
Terminals industry is categorized on the basis of product type, components,
application, and geography. On the basis of product type, POS Terminals market
is divided into Fixed POS and Wireless &Mobile POS. The fixed POS is
predicted to hold a larger Point-of-Sale Terminals market share owing to the
growing acceptance in different parts of the world. On the basis of components,
the market is categorized into hardware and software. These are the main
components of the device. Attributed to the growing demand from the hospitality
and retail industry, the POS software is predicted to experience substantial
growth in the coming years. On the basis of application, the Restaurant
Point-of-Sale Terminals industry is divided into Hospitality, Healthcare,
Retail, Warehouse / Distribution, Entertainment, Field Service, Government and
Transportation, out of which, retail is expected for maximum dominance due to
the flexible transaction volume.
Geographically, the
Point-of-Sale (POS) Terminals market is divided into Europe, North America,
Latin America, Africa and Middle East. North America is expected to dominate
the market due to high technology adoption rate and great demand for POS
terminals from hospitality and retail sectors.
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