Enjoy complimentary customisation on priority with our Enterprise License!
A point-of-sale (POS) device facilitates easy checkout for customers at various outlets. A POS device is basically a combination of systems and generally includes devices like a computer, monitor, cash drawer, receipt printer, barcode scanner, POS software, weight scale, and credit/debit card readers. The POS terminals market report predicts the market to post a CAGR of more than 17% by 2019 due to the augmented adoption of EMV cards.
The increasing demand for wireless POS terminals is a key POS terminals market driver. Wireless POS terminals help retailers to streamline their in-store operations, which in turn fosters their revenue generating capacity during the forecast period. Additionally, factors like its ease of use and high portability around the store are expected to augment its applicability in the retail sector.
Want a bigger picture? Get a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
This market primarily is dominated by large vendors like VeriFone and Ingenico who constantly strive to acquire SMEs through mergers and acquisitions. In the hospitality sector, VeriFone and Ingenico together account for more than 50% of the market and their expansion during the forecast period is expected to result in intense market competition between the period of 2014 and 2019.
According to the POS terminals market analysis report, the key vendors in this market are:
Other prominent vendors in this market are CyberNet, PAX Technology, and Equinox.
In Brazil, many banks have introduced credit and debit cards to increase the frequency of cash-less transactions in the hospitality and retail segments. This has reduced the risk of losing money and augments the use of cards at POS terminals in the country. Moreover, the issue of add-on cards by banks is expected to increase the awareness of POS transactions, which in turn will increase the revenue generated by the banks during the forecast period.
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial
The POS terminals market forecast report has estimated upcoming trends, such as the shift towards cloud-based solutions, to bolster market growth during the forecast period. Retailers in this region are increasingly adopting SaaS-based platforms to streamline their back-end processes. This recent shift has resulted in the generation of large amounts of data, which can be accessed by authorized units from across the globe. This augmented adoption of cloud-based solutions has resulted in the reduction of cost and complexities associated with POS terminals.
This POS terminals market report provides a number of factors contributing to the adoption, limitations, and opportunities of the POS terminals market in Brazil. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Want to dial in on a specific region or segment? We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.