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Point-of-Sale (POS) Terminals Market Size Estimated To Reach at USD 169.4 billion in 2026.

According to a new study published by Polaris Market Research the worldwide POS Terminals Market is anticipated to reach USD 169.4 billion by 2026. In 2017, the fixed POS terminals dominated the global market, in terms of revenue. North America accounted for the largest share of the global POS terminals market in 2017. There has been an increasing adoption of POS terminals across the world owing to rising internet penetration, and increasing need for digital payments. The global POS terminals market is driven by the increasing need to simplify payment transactions along with enhanced customer management and inventory management. Technological advancement along with integration of cloud-based POS solutions and android-based POS solutions is expected to accelerate POS adoption in the coming years. However, increasing risks of data leaks and lack of security associated with POS terminals restricts the growth of this market. Request to Sample of This Report @ https://www.polarismarketresearch.com/industryanalysis/point-of-sale-terminals-market/request-for-free-sample North America generated the highest revenue in the market in 2017, and is expected to grow at a substantial rate during the forecast period. This is due to increasing support from government to encourage secure transactions. Advanced NFC and EMV-enabled devices are being adopted across the region to minimize frauds and security breaches related to payments. Increasing penetration of mobile devices, affordable mobile POS terminals, and growing acceptance by small and medium-sized businesses further supports market growth in this region. The use of POS terminals in varied industries


such as healthcare, retail, and hospitality among others accelerates its adoption. Asia-Pacific is expected to grow at the highest CAGR during the forecast period. The various types of POS terminals included in the report includes fixed POS terminals and mobile POS terminals. In 2017, fixed POS terminals accounted for the largest share in the global market. Fixed POS terminals are widely used across business with high transaction volume, and can be easily integrated with hardware devices. Additionally, fixed POS terminals are also used for customer management, employee management, sales analysis, and customer loyalty programs. However, adoption of mobile POS terminals is gradually increasing owing to their affordable prices, and growing demand for wireless technologies. These devices are easy to use, offer mobility, cost efficiency, and overall profitability. To know the latest trends and insights prevalent in this market, click the link below athttps://www.polarismarketresearch.com/industry-analysis/point-of-sale-terminals-market/ On the basis of components, the global POS terminals market is segmented into hardware components, and software components. The hardware components include computer, receipt printer, bar code scanner, magnetic strip reader, and cash drawer. The hardware segment is expected to dominate throughout the forecast period owing to the high costs associated with them. The hardware is used across various industries with software varying according to industry specific requirements. The software segment is expected to grow significantly in the coming years owing to additional features offered such as customer loyalty programs, employee management, and business process monitoring. Growing adoption of cloud-based POS solutions would also supplement market growth. The Various end-users of POS terminals market include retail, healthcare, restaurant, hospitality, and others. In 2017, the retail sector accounted for the largest share in the global POS terminals market and is expected to maintain its lead during the forecast period. The retail sector comprises large supermarkets and hypermarkets, grocery and departmental stores, and specialty retail stores among others. The retail sector majorly uses fixed POS terminals to cater to the high volume of fast checkouts. Use of POS terminals in the retail sector ensures faster service, provides data related to past transactions, offers customer loyalty solutions, and reduces human errors. The growing retail sector in developing countries of Asia-Pacific is expected to drive the market growth in the coming years. The well-known companies profiled in the report include VeriFone Systems, Micros Systems, Ingenico S.A., Pax technology Limited, Cisco Systems, Squirrel Systems, Toshiba Corporation, POS Direct Ltd, Panasonic Corporation, NEC Corporation, NCR Corporation, Hewlett-Packard Corporation, and Samsung Electronics. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Request Discount on this Report before Buying @ https://www.polarismarketresearch.com/industry-analysis/point-of-sale-terminals-market/inquirebefore-buying About us Polaris Market Research Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries


of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies. Contact usMr. Neel Polaris Market Research 30 Wall Street 8th Floor New York City, NY 10005 United States Email- sales@polarismarketresearch.com Follow us- LinkedIn | Twitter | Facebook

Point-of-Sale (POS) Terminals Market Size Estimated To Reach at USD 169.4 billion in 2026.  

According to a new study published by Polaris Market Research the worldwide POS Terminals Market is anticipated to reach USD 169.4 billion b...

Point-of-Sale (POS) Terminals Market Size Estimated To Reach at USD 169.4 billion in 2026.  

According to a new study published by Polaris Market Research the worldwide POS Terminals Market is anticipated to reach USD 169.4 billion b...

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