Point-of-Sale (POS) Terminals Market Size & Share Expected to Reach by $98.27 Bn in 2022: Zion Market Research

Sarasota, FL — (PRESS RELEASE JET) — 10/25/2017 — About Zion Market Research
Zion Market Research has published a new report titled “Point-of-Sale (POS) Terminals Market By Type (Fixed POS Terminals and Wireless and Mobile POS), By Component (Hardware and Software) for Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2022.” According to the report, the global Point-of-Sale (POS) terminals market was valued at approximately USD 45.97 billion in 2016 and is expected to reach approximately USD 98.27 billion by 2022, growing at a CAGR of around 13.5% between 2017 and 2022.

A point of sale terminal (POS) is an electronic device which is used to process card payments at retail locations. The point of sale terminal system involves records maintenance and tracking customer orders, processing credit and debit cards and connecting to other systems in a network. It is a computerized replacement for a cash register. POS terminal machines are used to accept cards for payment of service and good. POS terminal allows a cardholder to have a real-time online access to funds and information in a bank account through its debit or cash cards.

Request Free Sample copy of Research Report @ https://www.zionmarketresearch.com/sample/point-of-sale-terminals-market

An increasing number of e-commerce transactions is one of the primary growth factors for POS market. The rising adoption of mobile devices such as smartphones and tablet computers is also driving the growth of the e-commerce market. The Recent shift in customer preferences towards high volumes of non-cash transactions and availability of additional payment options is anticipated to augment the demand for these systems. However, security concern and lack of awareness of small businesses can impact the growth of the market.

The point of sale terminals market is segmented on the basis of product, component, region, and application. Product segment includes fixed POS terminal & wireless and mobile POS terminal. On the basis of component segment point of sale terminals market is segmented as hardware and software. Application segments of this market are retail, hospitality, healthcare, warehouse, entertainment, and others. At present retail segment is dominating the market due to the high & low volume of transaction. It simplifies the accounting process, offers easy to look up past transactions, creates purchase orders, provides faster service than old-fashioned cash registers, and it can also cut down on user errors. On the basis of the component, the point of sale terminals market segmented as hardware and software. Due to increasing demand from retail businesses and hospitality the POS software segment is expected to reveal high growth over the forecast period.

Browse the full “Point-of-Sale (POS) Terminals Market By Type (Fixed POS Terminals and Wireless and Mobile POS), By Component (Hardware and Software) for Restaurant, Hospitality (Lodging), Healthcare, Retail, Warehouse/Distribution, Entertainment and Others – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2022” report at https://www.zionmarketresearch.com/report/point-of-sale-terminals-market

Key industry participants in global Point of sale terminals market (POS) market include Cisco Systems, Inc., MICROS Systems, Inc., Hewlett-Packard Company, Panasonic Corporation, Toshiba Corporation, PAX Technology Limited, Samsung Electronics Co., Ltd., NEC Corporation, and VeriFone Systems Inc.

For media inquiry contact our sales team @ [email protected]

About Zion Market Research
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Powered by WPeMatico

You might like

About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
%d bloggers like this: