Retail POS terminals market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of XX.X% during the forecast period of 2019 to 2026.
A retail POS terminal is a bundled hardware and software tool that assists in commercial retail transactions. These are typically found in megastores integrated with the cashier. Advanced integrations with CRM, accounting and warehousing are also possible. Examples include Restaurants and Retail businesses.
Analysis by Product
Mobile POS solutions are generating a lot of demand since smartphones can be run as payment terminals. The exciting prospect of downloading an app and minimal hardware additions are lucrative. These are referred to as mPOS terminals. Major benefits include being scalable and speedier checkouts. Business users’ demand will have a tempting supply opportunity for players in this space.
Analysis by Component
The software aspect of POS solutions carry the largest amount of innovation. Emerging functionalities include inventory management, cloud data storage, consumer data analysis. Light Capex models such as SaaS are also gaining a lot of demand from small businesses. Peripheral hardware devices such as Barcode scanners are set for phenomenal growth. Additionally, NFC is also gaining popularity owing to the contactless capabilities of the technology. Payment wallets are set for a runaway demand growth.
Analysis by Application
Departmental stores are the most widespread use cases for Retail POS terminals. These are ought to remain in the value-chain and are modernizing at a rapid pace as well. Hence, the market capitalization for POS terminals are in safe hands. The modern customer is digitally inclined. This adds to the glamour of modern, smart POS terminals.
Retail consumers are seeking for a modern experience even with their routine purchases. Digital transactions offer quicker settlement times with the added benefit of security. Thus, the POS terminals industry is set for a runaway growth across all major geographies.
Analysis by Region
Europe is leading the pack with the largest demand for POS terminals. This is a trait of developed nations. The UK, in particular, is integrating chip cards into their current line of debit and credit cards. The large demand is expected to rise sharply due to the security aspect of these transactions. Global card companies are endorsing the use of chips in their cards which will propel the growth of POS terminals. Other leading countries in the European mix are Germany, France, Italy, and Spain.
Specialist software vendors are collaborating with POS terminal hardware firms. This augurs very well for the expected increase in market consumption.
Analysis by Market
The market is made up of large players that primarily handle the hardware aspect of POS terminals. These are Hewlett-Packard Company, Ingenico Group, and Micros Systems. On the other hand, smaller businesses are engaged with developing software units such as mobile applications. These two entity types are collaborating to come up with advanced features such as multi-lingual support. Mergers & Acquisitions are becoming commonplace in the industry. This is in response to an increase in market capitalization. The projected demand is very optimistic for the forecast period by most of the companies involved.
COVERAGE HIGHLIGHTS
● Market Revenue Estimation and Forecast (2019 – 2026)
● Market Production Estimation and Forecast (2019 – 2026)
● Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
● Breakdown of Revenue by Segments (2019 – 2026)
● Breakdown of Production by Segments (2019 – 2026)
● Breakdown of Sales Volume by Segments (2019 – 2026)
● Gross Margin and Profitability Analysis of Companies
● Business Trend and Expansion Analysis
● Import and Export Analysis
● Regional Analysis and Market Data Breakdown
MARKET SEGMENTATION
By Product Outlook ($Revenue and Unit Sales, 2019-2026)
• Fixed Retail POS terminals
• Mobile Retail POS terminals
By Component Outlook ($Revenue and Unit Sales, 2019-2026)
• Hardware
• Software
• Services
a. Professional services
b. Support & Maintenance
c. Training
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
• Department Stores
• Supermarkets/Hypermarkets
• Warehouse
• Convenience Stores
• Discount Stores
• Specialty Stores
• Others
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• USA
• Canada
• Germany
• UK
• France
• Italy
• Spain
• China
• India
• Japan
• South Korea
• Brazil
• Mexico
• Saudi Arabia
• UAE
Market Players
• Cisco Systems Inc.,
• Epicor Software Corporation,
• Hewlett-Packard Company,
• Ingenico Group, Micros Systems Inc.,
• NCR Corporation,
• Panasonic Corporation,
• PAX Technology Inc.,
• Samsung Electronics Co. Ltd.,
• Toshiba Corporation,
• VeriFone Systems Inc
