Point of Sales (POS) Terminal Market Size, Trends, Companies, Driver, Segmentation, Forecast to 2025

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This report on Point of Sales (POS) Terminal market has keen to several extents of analysis - industry research (global industry trends) and Point of Sales (POS) Terminal market share analysis of topmost companies, along with company profiles, and which cooperatively include about the ultimate views regarding the Point of Sales (POS) Terminal market landscape, emerging and an evolutionary segments of Point of Sales (POS) Terminal market.

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, various 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 includes the measures regarding the improvement for payment system in the country specifically in the retail sector. Also, in 2019, the government announced that it is working with 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 waived off import duties on point-of-sale (POS) terminals from China in 2019.

Moreover, expanding the retail sector and launch of of the new hypermarkets and supermarkets across the globe are resulting in more deployment of POS terminals. For instance, hypermarkets and supermarkets in China such as Lianhua Supermarket, Hongqi, Zhongbai, Yonghui Superstores opened 295, 119, 200, 332 stores respectively in 2017.

Point of Sales (POS) Terminal Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.

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According to research report titled '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 currently dominates the Global POS Terminal market as the countries in the region such as India and China are moving swiftly toward the adoption of the digital payment system.

Also, the investment in infrastructure across the globe in industries such as hospitality, healthcare, retail, and education would drive the Global POS Terminal market. In 2018, the Government of the U.K announced to invest USD 8.76billion in the infrastructure, energy, retail, and tech in Africa.

Product Launches by Established Players to Lead to Stiff Competition

The companies in the Global POS Terminal market are investing in the process of 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. Many companies are launching new products to remain competitive in the market.

Key Questions Answered in the Market Research Report
1. What are the key market statistics (Market Overview, Market Size, Forecast, CAGR, Market Segmentation, Market Shares) of Global Point of Sales (POS) Terminal Market?
2. What are the key market or technology trends in Global Point of Sales (POS) Terminal Market?
3. What are the significant innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global Point of Sales (POS) Terminal Market?
4. Who are the key competitors or market players and how they perform in global competitive benchmarking matrix?
5. What are the key results derived from the market surveys conducted during the course of Global Point of Sales (POS) Terminal Market study?

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