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.
Another pathbreaking innovation, that has, of late, fetched much of an attention in retail POS terminals market is HP’s all-in-one POS system, ElitePOS. Reportedly, with the launch of this innovative, versatile POS solution at ‘India Retail Forum 2017’, the American multinational tech giant is planning to work with hospitality customers and leading retailers to enhance customers’ in-store experience.
For the record, ElitePOS features a sleek modular design and is capable of supporting several other applications apart from check out and payment such as employee attendance, interactive signage, and several other self-service applications. Overall retail POS terminals market place is all inclusive of similar breakthroughs, which is likely to bring major disruption in the business space over the ensuing years.
Top Key Player Are:
- 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.
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.
List of Charts & Figures from Retail POS Terminals Market Report:
FIG 1 Industry segmentation
FIG 2 Retail POS terminals system market, 2016 – 2026 (Revenue & Shipments)
FIG 3 Industry ecosystem analysis
FIG 4 Growth potential analysis
FIG 5 Porter’s analysis
FIG 6 PESTEL analysis
FIG 7 Competitive analysis of top market players, 2019
FIG 8 Competitive analysis of other prominent market players, 2019
FIG 9 SWOT Analysis, AURES Technologies SA
FIG 10 SWOT Analysis, BBPOS Limited
FIG 11 SWOT Analysis, Cisco Systems Inc.
FIG 12 SWOT Analysis, Hewlett Packard Enterprise Company
FIG 13 SWOT Analysis, Ingenico Group
FIG 14 SWOT Analysis, Micros Systems, Inc.
FIG 15 SWOT Analysis, NCR Corporation
FIG 16 SWOT Analysis, NEC Corporation
FIG 17 SWOT Analysis, New POS Technology Limited
FIG 18 SWOT Analysis, Newland Payment Technology
FIG 19 SWOT Analysis, Panasonic Corporation
FIG 20 SWOT Analysis, Pax Technology Inc.
FIG 21 SWOT Analysis, Posiflex Technology, Inc.
FIG 22 SWOT Analysis, Samsung Electronics Co. Ltd.
FIG 23 SWOT Analysis, Squirrel Systems
FIG 24 SWOT Analysis, Toshiba Corporation
FIG 25 SWOT Analysis, Touch Dynamic
FIG 26 SWOT Analysis, VeriFone Holdings, Inc.
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