The global POS terminals market is expected to grow at a CAGR of 7.77% during the forecast period. Based on the product, the global POS terminals market has been segmented into fixed POS terminals and mobile POS terminals. Get Free Sample

Fixed POS terminals can be connected to hardware such as PCs and printers and are also more cost-efficient and less time-consuming compared with mobile POS terminals. Fixed POS terminals are traditional POS solutions that are widely used in large retail outlets, fuel stations, and convenience stores as well, where the regular transaction volume is high. The rise in the need for self-service checkouts has also led to an increase in the need for fixed POS terminals.

Furthermore, the emergence of unmanned or automated retail stores in countries such as China and Japan are fueling the demand for fixed POS terminals. Some of the major vendors of POS terminals are launching new fixed POS terminals. In November 2017, PAX Global Technology announced the launch of Q30, a multi-function payment terminal for the retail marketplace. Such new product launches are likely to fuel the growth of this segment of the global POS terminals market during the forecast period. Global POS Terminals Industry Overview The growing need for self-service POS terminals is one of the key reasons that will propel the POS terminals market in the next five years. Self-service POS terminals such as self-service payment kiosks help speed up the service, improve the service quality, ensure a comfortable shopping experience, and thus boost customer satisfaction. These terminals are preferred to avoid a crowd in movie theaters, petrol stations, restaurants, and hypermarkets and supermarkets. The advent of HCE-based POS transactions will drive the POS terminals market to grow at a CAGR of nearly 8% during the forecast period. The demand for HCE-based POS transactions is increasing because it enables contactless payments and provides privacy and security. The use of HCE offers convenience to users as it helps in the reduction of physical card payments. Top POS terminals companies covered in this market research report The POS terminals market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this POS terminals industry analysis report will allow the clients to identify new growth opportunities and design innovative strategies to improve their share in the market. The report offers a complete analysis of various companies including: • First Data • Ingenico Group • PAX Global Technology • SZZT Electronics • Verifone

POS terminals market segmentation based on geographic regions • Americas • APAC • EMEA