Global POS Terminals Market Overview:
POS refers to Point of Sale and is an electronic device which is utilized to process card payments at retail stores, supermarkets, hypermarkets and other marketplaces. A POS machine reads the information of a customer’s credit or debit card, checks for the availability of funds in their bank accounts, transfers the funds from the customer’s account to the seller’s account, records the transaction and prints a receipt.
The Global POS Terminals Market is estimated to witness growth rate of XX% to reach USD XX Billion to 2022. It is expected to witness substantial growth in coming years providing the chances for new industries to emerge in the global market.
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Drivers and Restraints:
The Global POS Terminals Market is estimated to grow in forecasted period owing to supporting factors such as introduction of chip-embedded payment cards and Personal Identification Number (PIN), and security issues relating to data theft, which are estimated to drive the POS industry in the future. Ubiquitous wireless connectivity, including Bluetooth, combined with availability of mobile printers, peripheral devices, scanners, card readers, and cross platform support, is projected to drive the POS terminals market.
The Global POS Terminals Market primarily segmented into Europe, North America, Latin America, Middle East & Africa and Asia Pacific regions. North America region is leading the market by claiming major part of the market owing to supporting factors such as increased funds and ongoing research and development programs. It is estimated to continue its dominance in forecasted period. Asia Pacific region is also estimated to be growing with increased pace of CAGR during the predicted periods. It is estimated to be claiming significant share of the market.
Key Players in Global POS Terminals Market:
Important players contributing to the Global POS Terminals Market include Verifone., Ingenico, PAX Globa and, Toshiba Tech.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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