DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jv6292/global_pos) has announced the addition of the "Global POS Terminals Market in the Retail Sector 2015-2019" report to their offering.
Global POS terminals market in the retail sector to grow at a CAGR of 13.37% in terms of revenue during 2014-2019
Global POS Terminals Market in the Retail Sector 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
In the forecast period, a number of large retailers and small and medium-sized businesses are expected to shift back-end process to SaaS or hosted platforms in the cloud. This will enable them to store a large amount of data that can be accessed from anywhere across the globe by authorized personnel.
According to the report, POS terminals help retailers streamline their in-store operations, which results in increased revenues. The use of the terminals in the retail sector is likely to witness steady growth during the forecast period. Moreover, the ease of use and portability around the store increase the use of mobile POS terminals in the retail sector.
Further, the report states that increased availability of mobile payment solutions hinders the demand for terminals as well as the growth of the market.
A POS terminal is an electronic device and performs the following functions:
- Reads the information of a customer's credit/debit card
- Checks the funds status in a customer's bank account
- Transfers the funds from customer's account to the seller's account
- Records the transaction
- Print the receipt of the transaction
Retailers/merchants include the following types of stores that integrate POS terminals for various purposes:
- Hyper store
- Gas stations
- Grocery stores
- PAX Technology
- Toshiba Tec
Other prominent vendors:
For more information visit http://www.researchandmarkets.com/research/jv6292/global_pos