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Retail POS Terminals Market: Growth Opportunities to Tap into in 2020-2026

Author : Ronak Bora | Published Date : 2020-09-02 

Retail POS terminals market, often claimed as one of the fasting growing business spaces of recent times, is highly driven by the digital influence in the financial sector. Over the recent years, cashless mode of payment has observed a tremendous surge, a factor that has massively proliferated the demand for adequate acceptance infrastructure like POS terminals.

According to the Federal Reserve Payment Study of 2016- the number of non-cash transaction in U.S. including credit card, debit card, check payments, and ACH has crossed almost 144 billion in 2015, having a valuation of over USD 178 trillion. Total non-cash payment transaction in the country has risen by almost 5.3% by number and 3.4% by value over 2012-2015, having held a valuation of USD 17 trillion in 2012, cite sources. The aforementioned statistics not only cite the growth potential of retail POS terminals market, but have also sourced a plethora of technology behemoths to invest in the business space.

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The latest trends of retail POS terminals market are extensively tech-driven, given the mammoth proliferation of IoT in retail space. Retail management systems, nowadays have been increasingly deployed for web applications. However, in order to bring a consequential transformation in the retail business with regards to efficiency and performance, it is imperative to explore newer technologies.

Cloud-based computing observes a huge potential in this regard. Subject to the cost competitiveness and reduced manpower requirement, high accuracy, and in-depth insight, cloud-based POS systems are witnessing a heavy demand in the retail space, which by extension is making noteworthy contribution in retail POS terminals industry share.

Top Key Players In Retail POS Terminals Market are AURES Technologies SA, BBPOS Limited, Cisco Systems Inc., Hewlett Packard Enterprise Company, Ingenico Group, Micros Systems, Inc., NCR Corporation, NEC Corporation, New POS Technology Limited, Newland Payment Technology, Panasonic Corporation, Pax Technology Inc., Posiflex Technology, Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Touch Dynamic, VeriFone Holdings, Inc., Squirrel Systems

The APAC retail POS terminals industry is expected to depict a commendable growth rate through 2026, as a result of an ever-increasing customer base in nations such as India, China, Malaysia and Indonesia. This upsurge in customer population has in turn urged retailers across the globe to expand their operations in the region, through collaborative efforts with major local players. To illustrate, in 2018, major global retail chain Walmart acquired a leading Indian e-commerce company Flipkart, as a part of its strategy to expand its presence in the burgeoning retail market in India.

Furthermore, the growing demand for retail and shopping experiences has also encouraged retailers to invest and adopt novel technologies to enhance their operations and boost customer satisfaction, by forming lucrative alliances and enhancing both online & offline retail solutions. For instance, Japan-based Aeon teamed up with UK-based grocery retail brand Ocado to bring the online grocery business to the Japanese market. As a part of the alliance, Ocado would construct automated warehouses, employing robots to fill customer orders for home delivery.

Table Of Content:

Chapter 5.    Retail POS Terminals Market, By Product

5.1.    Key trends, by product

5.2.    Mobile

5.2.1.    Market estimates and forecast, 2016 - 2026

5.3.    Fixed

5.3.1.    Market estimates and forecast, 2016 – 2026

Chapter 6.    Retail POS Terminals Market, By Component

6.1.    Key trends by component

6.2.    Hardware

6.2.1.    Market estimates and forecast, 2016 – 2026

6.3.    Software

6.3.1.    Market estimates and forecast, 2016 - 2026

6.4.    Services

6.4.1.    Market estimates and forecast, 2016 – 2026

6.4.2.    Professional services

6.4.2.1.    Market estimates and forecast, 2016 – 2026

6.4.3.    Support & maintenance services

6.4.3.1.    Market estimates and forecast, 2016 – 2026

6.4.4.    Training services

6.4.4.1.    Market estimates and forecast, 2016 – 2026

Chapter 7.    Retail POS Terminals Market, By Application

7.1.    Key trends, by application

7.2.    Department stores

7.2.1.    Market estimates and forecast, 2016 - 2026

7.3.    Supermarkets/hypermarkets

7.3.1.    Market estimates and forecast, 2016 - 2026

7.4.    Warehouses

7.4.1.    Market estimates and forecast, 2016 - 2026

7.5.    Convenience stores

7.5.1.    Market estimates and forecast, 2016 - 2026

7.6.    Discount stores

7.6.1.    Market estimates and forecast, 2016 - 2026

7.7.    Specialty stores

7.7.1.    Market estimates and forecast, 2016 – 2026

7.8.    Other stores

7.8.1.    Market estimates and forecast, 2016 - 2026

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/retail-point-of-sale-pos-terminals-market

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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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