Global PoS Accessories Market 2017-2021

The infographic below contains key findings from our analysis of the PoS accessories market   

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Overview of the global PoS accessories market

The global PoS accessories market research predicts the market to grow steadily at a CAGR of around 8% by 2021. The rising number of card transactions is one of the primary PoS accessories market drivers. Consumers across the globe are increasingly focusing on using credit or debit cards and digital money for payments. This shift in consumer preference is driving vendors to adopt improved payment mechanisms that involve the use of cards and induces mobile card reader manufacturers to develop advanced technologies to meet the growing demand. This will drive the growth of the PoS accessories market during the forecast period since the demand for PoS accessories such as receipt printers will increase with the rise in the number of card transactions.

In terms of geographic regions, APAC will be the major PoS accessories market revenue contributor throughout the forecast period. Factors such as the increasing purchasing power of consumers, the large potential consumer base, and the rising sales of debit and credit cards in the region, lead to the increased demand for PoS accessories. Moreover, the governments of several countries in the region are also promoting the development of MSMEs, that actively use PoS accessories for the smooth operation of their businesses.

Competitive landscape and key vendors  

Owing to the presence of several vendors, the PoS accessories market appears to be highly-fragmented.  Vendors are concentrating on upgrading their technologies to remain competitive in the market.  Additionally, the vendors are also investing in the development of technology and are looking to consolidate their market positions by acquiring smaller players in the market. To sustain the competition and imporve their market shares, it is important for vendors in this marketspace to distinguish their products and services through clear and unique value propositions.

According to the PoS accessories market analysis, the key vendors in the market are –

• CASIO
• Dell
• Olivetti
• Sharp
• Toshiba
• Datalogic
• Honeywell International
• Zebra Technologies
• Citizen Systems
• Epson
• Star Micronics
• 3M
• Elo Touch Solutions
• HP
• Innolux
• Panasonic
• Samsung
• Seiko Epson

The other prominent vendors in the market are Citaq, Forbes Technosys, Fujitsu, Guangzhou Zonerich Business Machine, Posiflex Technology, SHIN HEUNG PRECISION, Wincor Nixdorf, Aceeca International, Bluebird, CipherLab, DENSO, EUROTECH, Generalscan, Handheld Group, Juniper Systems, Opticon Sensors, RIOTEC, Shenzhen Unique Electronic International (SUEI), TouchStar Technologies, ZEBEX Industries, Bixolon, BOCA Systems, Cognitive TPG, CUSTOM, M/s Pulsar Technologies (I), Pertech Industries, POS-X, WOOSIM SYSTEMS, and Xiamen Rongta Technology.

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Segmentation by product and analysis of the PoS accessories market

• PoS displays
• Receipt printers
• Barcode scanners
• ECRs

During 2016, the ECRs segment accounted for the major PoS accessories market share. The increased adoption of ECRs in micro, small, and medium-sized enterprises (MSMEs) will contribute to the growth of this market segment in the coming years. ECRs are also being increasingly adopted in super markets, hypermarkets, and gas stations.

Segmentation by end-user and analysis of the PoS accessories market

• Hospitality
• Retail

According to this market research report, the retail sector accounted for the major shares of the PoS accessories market during 2016. This sector will retain its market dominance during the forecast period as well due to the rise in foreign investments, growing competition, and the growth of global economies that results in increased adoption of advanced technologies, such as PoS systems. 

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global PoS accessories market?
• What are the key market trends impacting the global PoS accessories market?
• What are the challenges to market growth?
• Who are the key vendors in the global PoS accessories market?
• What are the market opportunities and threats faced by the vendors in the global PoS accessories market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global PoS accessories market?

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