The global demand for Point of Sale (POS) System Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
The point of sale system or POS system is where the customer makes the payments against the goods or services offered by the company. Point of sale systems are systems that enable the business transaction between the client and the company to be completed. POS system is a computerized network that consists of the main computer linked with several checkout terminals and supported by different hardware features starting from barcode scanners and ending with card payment terminals. There are two primary types of businesses that need the point of sales system. These are retail companies and hospitality businesses, such as restaurants and hotels.
Growing adoption for contactless payments and the propagation of Near Field Communication (NFC) devices in the industrial environment, has led to a roll in the adoption of integrated POS terminals. Rising investments in technologies, such as end-to-end encryption for offering secured payment solutions and assistance to customers, are expected to increase the demand for such terminals in the upcoming year. Many companies in the industry are focusing more on software due to the rising penetration of smartphones. Contactless payment is expected to be the most advanced trend in POS. Cloud-based POS systems are on the surge, compared to the on-premise systems, owing to its operational benefits like the software accessible from the internet, minimizes downtime (due to system maintenance). Also, cloud-based POS opens up greater possibilities for integration, as it has the potential to manage more areas of business from different locations.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of point of sale (POS) system.
The entire point of sale (POS) system market has been sub-categorized into components, type and end-user industries. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By End-User Industries
- Fixed Point-of-sale
- Mobile Point-of-sale
- Other End-user Industries
This section covers regional segmentation which accentuates on current and future demand for point of sale (POS) system market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Point of Sale (POS) System Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the point of sale (POS) system market include Cognitive TPG, HP, Bixolon, Panasonic, NCR, Innolux, BOCA Systems, Sharp, Toshiba, 3M, POS-X, CUSTOM, Pertech Industries, M/s Pulsar Technologies (I), Samsung, Seiko Epson, Elo Touch Solutions. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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