DUBLIN--(BUSINESS WIRE)--The "POS System Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The POS System market was valued at USD 15.64 billion in 2019 and is expected to reach USD 29.09 billion by 2025, at a CAGR of 10.9% over the forecast period 2020 - 2025. Technology affects all perspectives of the payment industry, but this is particularly true of point-of-sale systems. POS systems have developed and progressed drastically over the past decade to help deliver a better customer experience and give more tools to business owners at lower costs. The POS terminal market has evolved significantly over the past several years, owing to its capability to offer an increased return on investment and ease of access. POS systems that facilitate transactions from the central component of businesses across industries, like retail, hospitality, transportation, and banking, have gained importance in companies of small and big sizes, over the years. Security issues, like data breaching and a dearth of standardization, are supposed to restrain the growth of the POS terminal market during the forecast period.
- Rising demand for contactless payments, along with the propagation of Near Field Communication (NFC) devices in the industrial ecosystem, has led to a roll in the adoption of integrated POS terminals. Heightened investments in technologies, such as end-to-end encryption for giving secured payment solutions and assistance to customers, are anticipated to increase the demand for such terminals over the next few years. Major firms in the industry are concentrating more on software owing to the enhanced penetration of smartphones. Contactless payment is supposed to be the most advanced trend in POS.
- Cloud-based POS systems are on the surge, as compared to the on-premise systems, due to the functional benefits that they offer, like the software accessible from the internet, which provides greater control over the business and also minimizes downtime (due to system maintenance). In addition, cloud-based POS opens up greater possibilities for integration, as it has the potential to manage more areas of business from different locations.
- The growing financial frauds across the world have influenced the government regulatory bodies to secure the payment transactions, over the past few years. With customers demanding safe and reliable digital transactions, the need for using secure payment processes have progressed. These regulatory bodies, therefore, have impacted the adoption of POS terminals in a positive manner. With the increasing mobility trends across the world, mobile POS systems are gaining traction. With the advent of cashless transactional technologies, POS has witnessed an increase in adoption rates.
The POS system market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. The market studied is fragmented, and comprises POS hardware and accessory providers (such as Epson, Ingenico, VeriFone, etc.,) and cloud-based POS solution providers (such as ShopKeep, Vend, etc.). Technology majors, such as HP, Honeywell, Dell, etc., are offering POS hardware, software, service, and support, in one integrated system.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Ease of Use and Increased Efficiency
4.2.2 Increasing Demand for Mobile POS Terminals and Wireless Communication Technologies
4.2.3 Growth in the End-user industries
4.3 Market Restraints
4.3.1 Data Security Concerns
4.4 Market Opportunities
4.4.1 Growth of m-POS Systems in Developing Economies
4.5 Market Challenges
4.5.1 Large Investments for Small Businesses
4.6 Industry Attractiveness - Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Components
5.2 By Type
5.2.1 Fixed Point-of-sale
5.2.2 Mobile Point-of-sale
5.3 By End-user Industries
5.3.5 Other End-user Industries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
220.127.116.11 Seiko Epson Corp.
18.104.22.168 Samsung Electronics Company Ltd.
22.214.171.124 Ingenico SA
126.96.36.199 VeriFone System Inc.
188.8.131.52 Honeywell International Inc.
184.108.40.206 Hewlett Packard Enterprise Ltd.
220.127.116.11 NCR Corporation
18.104.22.168 Agilysys Inc.
22.214.171.124 Infor Inc.
126.96.36.199 Aptos Inc.
188.8.131.52 PCMS Group Ltd.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
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