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The POS terminals market share in the retail sector is expected to increase by USD 1.11 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.56%.
This POS terminals market in the retail sector research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers POS terminals market segmentation in the retail sector by technology (EMV and Non-EMV), product (contact and contactless), end-user (supermarket, specialty store, hypermarket, gas stations, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The POS terminals market in the retail sector report also offers information on several market vendors, including BBPOS Ltd., Block Inc., Cybernet Manufacturing Inc., Fiserv Inc., HP Inc., NBS Payment Solutions Inc., NCR Corp., NEC Corp., New POS Technology Ltd., Newland Digital Technology Co. Ltd., Oracle Corp., PAX Global Technology Ltd., Posiflex Technology Inc., Qashier Pte Ltd., Samsung Electronics Co. Ltd., Toshiba Corp., Touch Dynamic, UIC Payworld Inc., VeriFone Inc., and Worldline SA among others.
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The enhanced functionality of POS is notably driving the POS terminals market growth in the retail sector, although factors such as the no fixed merchant bases may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the POS terminals industry in the retail sector. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key POS Terminals Market Driver in the Retail Sector
Key POS Terminals Market Trend in the Retail Sector
Key POS Terminals Market Challenge in the Retail Sector
This POS terminals market in the retail sector analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the point of sales (POS) terminals market in retail sector as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the POS terminals market in the retail sector during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the POS terminals market in the retail sector encompasses successful business strategies deployed by the key vendors. The POS terminals market in the retail sector is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The POS terminals market in the retail sector forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the POS terminals market in the retail sector, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for POS terminals in the retail sector in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.
The growing number of retail outlets, including supermarkets, specialty stores, warehouses, and shopping malls will facilitate the POS terminals market growth in the retail sector in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic led to millions of people being confined to their homes owing to the implementation of lockdown restrictions in 2020 in APAC. This factor has led people to opt for online shopping instead of purchasing from brick-and-mortar stores, which, in turn, has led to a decline in the demand for POS terminals across the retail sector, in the region, in 2020. However, owing to large-scale vaccination drives across the region in 2021, lockdown restrictions were lifted in a large number of nations in APAC, which led to the restoration of operations across malls, supermarkets, hypermarkets, and standalone outlets.
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The POS terminals market share growth in the retail sector by the EMV segment will be significant during the forecast period. V-enabled card has a microprocessor chip, which stores information securely and carries security credentials that are encoded by the card issuer. The encoding process helps prevent fraudsters from creating counterfeit cards called cloning. Retail companies lack awareness about the need to implement an EMV POS terminal and the ROI. The adoption of EMV POS will increase once these companies realize the inherent potential of this technology.
This report provides an accurate prediction of the contribution of all the segments to the growth of the POS terminals market size in the retail sector and actionable market insights on post COVID-19 impact on each segment.
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POS Terminals Market Scope in the Retail Sector |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.56% |
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Market growth 2022-2026 |
$ 1.11 billion |
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Market structure |
Concentrated |
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YoY growth (%) |
4.78 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key consumer countries |
US, China, India, Japan, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
BBPOS Ltd., Block Inc., Cybernet Manufacturing Inc., Fiserv Inc., HP Inc., NBS Payment Solutions Inc., NCR Corp., NEC Corp., New POS Technology Ltd., Newland Digital Technology Co. Ltd., Oracle Corp., PAX Global Technology Ltd., Posiflex Technology Inc., Qashier Pte Ltd., Samsung Electronics Co. Ltd., Toshiba Corp., Touch Dynamic, UIC Payworld Inc., VeriFone Inc., and Worldline SA |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Technology
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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