POS Terminals Market Size in North America to Reach USD 30 Billion Benchmark by 2026
Category: #business  By Ronak Bora  Date: 2021-04-20
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POS Terminals Market Size in North America to Reach USD 30 Billion Benchmark by 2026

The North America POS Terminals market size will reach a whopping $30 billion benchmark by the year 2026. The COVID-19 pandemic has also played an active role in increasing the market share of POS terminals in the region. The fear of spread of the virus has prompted an increasing number of people to opt for contactless payment to avoid cash exchange. The stringent lockdowns imposed by governments across the globe have paved way for new and creative ways to make payments.

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Mobile POS terminals will see significant growth in demand in North America because of the various benefits they provide to the end-users such as easy to carry anywhere, lightweight and ease of doing transactions. In fact, these products are being increasingly used by restaurant owners which serve them two main benefits: ease of handling customers and convenience of payment to customers. These benefits not only help them achieve their primary goal, i.e. customer satisfaction, but also help them streamline their processes and keep track of financial transactions in a much better way.

Contactless cards are becoming a vogue among customers, leading to encouraging growth being reported for POS terminals market in North America. These cards have gained much prominence since the pandemic and can be used to tap on a POS terminal to make payments for a wide variety of things, right from groceries and shopping to medicines.

When it comes to type of operating system, then Windows 10 OS will witness substantial use in POS terminals. This is because it is highly user-friendly and also offers high security, thanks to the Windows Firewall. It also offers ease of integration into a variety of systems as well which will help many manufacturers integrate this system to their devices. Since it is multilingual in nature, staff training will become much easier.

The hospitality industry in the U.S. is expanding at a rapid rate, leading to favorable conditions for POS terminals market to flourish. The country also attracts high number of tourists each year. In fact, according to the predictions made by the US Department of Commerce, by 2023, the country is expected to attract 95.5 million tourists every year.

Moreover, the leading industry players in the POS terminals market in North America have been attending to the requirements of small and medium sized organizations striving during the challenging times of the pandemic. For instance, the Montreal-based provider of e-commerce solutions, Lightspeed POS Inc. made a move in this direction through its acquisition of Shopkeep Inc.

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Key players operating in the North America POS terminals market include Ingenico Group, NCR Corporation, Verifone Systems, Inc., AURES Group, Hewlett Packard Enterprise, Micros Retail Systems, Inc., PAR Technology, Inc., and Square, Inc. Players are focusing on launching new products to strengthen their industry position and expand their product portfolio.

Browse Related Report:

Europe POS Terminals Market Size, By Product (Mobile, Fixed), By Component (Hardware, Software, Service), By Technology (Biometric, Traditional), By Operating System (Windows, Linux, MAC), By Application (Restaurants, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

https://www.graphicalresearch.com/industry-insights/1531/europe-pos-terminals-market

Asia Pacific POS Terminals Market Size, By Operating System (Windows, Linux, MAC), By Product (Mobile, Fixed), By Component (Hardware, Software, Service), By Technology (Biometric, Traditional), By Application (Restaurants, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

https://www.graphicalresearch.com/industry-insights/1548/asia-pacific-pos-terminals-market

Table of Contents (ToC) of the report:

Chapter 3 POS Terminals Industry Trends

3.1    Industry coverage

3.2    Industry size, 2016 – 2026

3.3    Impact of COVID-19 pandemic

3.4    Value chain analysis

3.4.1    Company product snapshot

3.5    Innovation landscape

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Competitive benchmarking, 2019

3.9.1    Strategy dashboard

3.10    PEST analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1525/north-america-pos-terminals-market

About Graphical Research:                              

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

 

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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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