POS Terminals Market Analysis, Segments, Growth and Value Chain 2021 – 2027
Category: #technology  By Ronak Bora  Date: 2021-08-19
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POS Terminals Market Analysis, Segments, Growth and Value Chain 2021 – 2027

The research report on POS terminals market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The POS terminals market size is set to register appreciable growth through the ensuing years, owing to an upsurge in the demand for advanced systems that can be integrated with CRM as well as other financial solutions of companies. The increasing adoption of integrated CRM and POS systems enables companies in streamlining their marketing and sales operations, further saving cost and time.

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POS terminal machines are increasingly being adopted in the healthcare industry propelled by the surging demand for securing patient information. Clinics, hospitals, and diagnostic labs are depicting a shift towards user-friendly and secure payment alternatives for complying with strict government regulations.

For instance, under the HIPAA (Health Insurance Portability and Accountability Act), healthcare professionals are required to protect sensitive patient information from being disclosed in the absence of their consent. POS terminals offer a safe environment for patients for completing their transactions.

Different types of POS terminals are in high demand for secure payment transactions in light of increasing incidents of financial frauds. As per Atlas VPN, the U.S. recorded an upsurge of 104% in financial fraud complaints in the Q1 of 2020 as compared to the same period of the previous year.

The rising number of fraudulent activities has escalated the demand for reliable and safe digital transactions. The surging incorporation of EMV-enabled POS terminals aids in the reduction of payment-associated fraud and offers protection against counterfeiting and card skimming.

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Based on regional point of view, the North America POS terminals market is estimated to witness significant growth over the forecast period primarily attributed to budding adoption of POS terminals in the retail sector. Retailers including Amazon.com Inc., Walmart Inc., and Costco Wholesale Corporation are constantly focusing on expanding their presence in the e-commerce and retail sector. For instance, in July 2020, Walmart Inc. announced plans to invest USD 3.5 billion to upgrade its distribution and enhance in-store experiences in Canada. This expansion will boost the adoption of POS terminals for secure and convenient payment transactions.

Major Key Points from Table of Content:

Chapter 5   POS Terminals Market, By Product (Revenue & Shipments)

5.1    POS terminals market share, by product, 2020 & 2027

5.2    Fixed POS terminals

5.2.1    Market estimates and forecast, 2017 – 2027

5.3    Mobile POS terminals

5.3.1    Market estimates and forecast, 2017 – 2027

Chapter 6   POS Terminals Market, By Component (Revenue)

6.1    Market share, by component, 2020 & 2027

6.2    Hardware

6.2.1    Market estimates and forecast, 2017 – 2027

6.3    Software

6.3.1    Market estimates and forecast, 2017 – 2027

6.4    Service

6.4.1    Market estimates and forecast, 2017 – 2027

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine 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 spo...

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