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POS Terminals Market: Analysts Expect Robust Growth in 2025

Author : Ronak Bora | Published Date : 2020-09-04 

The global POS terminals market is poised for robust growth on account of rising product penetration across various business verticals. Point of sale terminals are increasingly being deployed across the healthcare, retail, BFSI and hospitality sectors owing to the dire need for efficient payment solutions. These system help consumers to easily make transaction using their debit or credit cards.

With increasing number of cashless transactions being initiated in numerous businesses, POS terminals market may record significant traction in the coming years. According to reports, developed nations like Sweden and South Korea are on the verge of becoming a cashless economy.

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Mobile POS is a compact handheld device that enables enhanced features like better user experience, flexibility, and mobility. The hospitality sector is increasingly opting for mobile POS terminals to enhance its Return on Investment (ROI). Meanwhile, retail stores are integrating tablet POS terminals to enable faster and smoother payment processing.

Top Key Players In POS Terminals Market are AURES Group, BBPOS Limited, Bematech SA, Bitel Co., Ltd., Castles Technology, Co. Ltd., Cisco Systems, Inc., Diebold Nixdorf, Incorporated, Fujian Newland Payment Technology Co., Ltd., Ingenico Group, Micros Systems, Inc., NCR Corporation, NEC Corporation, New POS Technology Limited, Panasonic Corporation, PAR Technology Corporation, PAX Technology, Posiflex Technology, Inc., Samsung Electronics Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd., Square, Inc., Squirrel Systems, Hewlett-Packard, Toshiba Corporation, Touch Dynamic Inc., VeriFone Systems Inc.

Biometric technology provides a secure and convenient payment option to customers. To strengthen the security landscape, numerous financial businesses are widely adopting biometric technology-based POS terminals. These systems help in making quicker check-outs at cash counters and simplify payment across retail outlets. Counties like China, India, and the U.S are increasingly adopting biometric POS terminals market owing to the region’s rapidly growing payment sector.

Industry participants are actively investing in R&D to roll out cutting edge products. They are developing tailored smart payment options for specific industries and applications. Ingenico Group has reportedly developed a POS terminal system for the retail industry that can efficiently accept all payment methods and can help retailers to increase their conversion rate and improve customer experience.

Chapter 6   POS Terminals Market, By Technology

6.1   POS terminals technology trends

6.2   Biometric

6.2.1   Global biometric POS terminals, 2014 - 2025

6.3   Traditional

6.3.1   Global traditional POS terminals, 2014 - 2025

Chapter 7   POS Terminals Market, By Application

7.1   POS terminal market application trends

7.2   Restaurants

7.2.1   Global POS terminals demand in restaurants, 2014 - 2025

7.3   Hospitality

7.3.1   Global POS terminals demand in hospitality, 2014 - 2025

7.4   Healthcare

7.4.1   Global POS terminals demand in healthcare, 2014 - 2025

7.5   Retail

7.5.1   Global POS terminals demand in retail, 2014 - 2025

7.6   Warehouses

7.6.1   Global POS terminals demand in warehouses, 2014 - 2025

7.7   Entertainment

7.7.1   Global POS terminals demand in entertainment, 2014 - 2025

7.8   Others

7.8.1   Global POS terminals demand in other applications, 2014 - 2025

Table Of Content:

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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