POS Terminals Market: A Look at the Trends and Prospects

The POS Terminals Market is expected to witness a high growth over the coming years owing to the growing adoption of POS solutions in several industrial sectors such as retail, healthcare, hospitality, BFSI, etc.

Selbyville, Delaware – January 31, 2019 /MarketersMedia/ —

POS terminals market growth will be accelerated by rapid increase in the application areas of the point-of-sale systems for inventory management, payments, printing bills, and managing customers. Moreover, the growing demand for effective warehouse management solutions to keep track of productivity and profitability in business operations is encouraging several end-use verticals to install such systems. The manufacturers are developing inventory management solutions that perform several functions such as instant automated stock control, intelligent ordering, multichannel management, and flexible customer service. Software solutions are being developed to provide users with effective platforms to record sales transactions, manage customer details, provide flexible payment platforms, and report the availability of stock materials. Such factors are positively impacting the market growth.

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In 2017, fixed terminals accounted for around 75% of the overall shipments in POS terminals market and are witnessing a high adoption. These terminals process payments using PIN and chip and are also equipped for swipe and sign payments. A high adoption of these systems in brick & mortar retail outlets and restaurants to serve customers effectively is providing an impetus to the market growth. Moreover, the manufacturers are integrating several advanced solutions into these systems such as EMV card reader, barcode scanner, and RFID reader, to enhance the features and functionality of terminals.

The (POS) point of sale terminals market is predicted to experience a high demand for the Mac OS over the coming years due to the increased data security and ease in use. The OS provides users a secure platform, which will protect the sales and customer data from virus attacks and data breaches. Moreover, several users are preferring Mac OS over Linux OS owing to its high compatibility with the hardware devices in the system. It also relieves the users from managing the updates of the drivers as compared to the Windows and Linux platforms that need periodical updates of system drivers. The players are offering Mac-based systems to their clients to improve their sales management, thereby accelerating the market growth.

The restaurant point of sale terminals market is projected to witness a high adoption of these systems and is anticipated to expand at a CAGR of around 16% over the forecast timespan. Several restaurant owners in the U.S. have started using systems such as tablets and digital kiosks to display menu, place orders, and for receiving payments, helping them to increase the operational efficiency and enhance the customer experience. Moreover, companies including Square, Inc. and Sr. Pago have developed systems that convert smartphone or tablet to a mPOS terminal and accept card payments. The adoption of such terminals is increasingly being witnessed across several restaurants as they are cheaper and more user-friendly, thereby driving the market demand.

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Biometric terminals will witness a high adoption over the forecast timeline owing to several benefits such as authentication and identification features offered by the technology. In India, Aadhar-based POS terminals are being rolled out, which will escalate the demand for biometric devices. These devices offer secure transactions, protecting retailers and customers against fraudulent transactions. Such factors are encouraging several companies to adopt these systems, driving the biometric POS terminals market.

The Europe POS terminals market is witnessing a high growth due to the adoption of several government regulations that are developed to support the advanced technologies for enhancing the security of the transactions & customer details. For instance, security guidelines are being developed for the adoption of EMV-enabled transaction processing in the industries. The companies installing such technologies need to follow guidelines that are developed by the regulatory bodies. Moreover, the strong presence of major players, which are engaged in offering innovative solutions to the customers is a major factor accelerating the market growth.

VeriFone Systems Inc., Panasonic Corporation, Ingenico Group, PAX Technology Inc., and Toshiba Corporation are some of the major brands of POS terminals industry.

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Table of Contents (ToC) of the report:

Chapter 7. POS Terminals Market, By Operating System (Revenue & Volume)
7.1. Key trends by operating system (OS)
7.2. Windows
7.2.1. Market estimates and forecast, 2013 – 2024
7.3. Linux
7.3.1. Market estimates and forecast, 2013 – 2024
7.4. MAC
7.4.1. Market estimates and forecast, 2013 – 2024

Chapter 8. POS Terminals Market, By Application (Revenue & Volume)
8.1. Key trends by application
8.2. Restaurants
8.2.1. Market estimates and forecast, 2013 – 2024
8.3. Hospitality
8.3.1. Market estimates and forecast, 2013 – 2024
8.4. Healthcare
8.4.1. Market estimates and forecast, 2013 – 2024
8.5. Retail
8.5.1. Market estimates and forecast, 2013 – 2024
8.6. Warehouse/Distribution
8.6.1. Market estimates and forecast, 2013 – 2024
8.7. Entertainment
8.7.1. Market estimates and forecast, 2013 – 2024
8.8. Others
8.8.1. Market estimates and forecast, 2013 – 2024

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