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POS Terminals Market by Product, End-user, EMV Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40289
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The POS terminals market size has the potential to grow by $3.90 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by product (fixed and mobile), end-user (retail and hospitality), EMV channel (EMV and non-EMV), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Fiserv Inc., Hewlett Packard Enterprise Development LP, Ingenico Group SA, Oracle Corp., Panasonic Corp., PAX Global Technology Ltd., Samsung Electronics Co. Ltd., SZZT Electronics Shenzhen Co. Ltd., Toshiba Corp., and VeriFone Systems Inc.

Market Overview

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Market Competitive Analysis

The market is fragmented. PAX Global Technology Ltd., Samsung Electronics Co. Ltd., SZZT Electronics Shenzhen Co. Ltd., Toshiba Corp., and VeriFone Systems Inc are some of the major market participants. Although the growing need for self-service POS terminals will offer immense growth opportunities, the high operational and maintenance costs of POS terminals will challenge the growth of the market participants. To make the most of the possibilities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this POS terminals market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this POS terminals market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Fiserv Inc.
  • Hewlett Packard Enterprise Development LP
  • Ingenico Group SA
  • Oracle Corp.
  • Panasonic Corp.
  • PAX Global Technology Ltd.
  • Samsung Electronics Co. Ltd.
  • SZZT Electronics Shenzhen Co. Ltd.
  • Toshiba Corp.
  • VeriFone Systems Inc

POS Terminals Market: Segmentation by Region

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APAC was the largest POS terminals market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The high penetration of organized retail such as supermarkets and hypermarkets in countries, including China and India, and the rising adoption of contactless payment methods will significantly influence POS terminals market growth in this region.

Over 59% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for POS terminals in APAC. Market growth in this region will be faster than the growth of the market in other regions.

POS Terminals Market: Segmentation by Product

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Fixed POS terminals are traditional POS solutions that are widely used in large retail outlets, fuel stations, and convenience stores, wherein the regular transaction volume is high. They 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. These factors are contributing to the POS terminals market share growth.

Market growth by the fixed segment will be slower than the growth of the market by the mobile segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the POS terminals market size.

POS Terminals Market: Key Drivers and Trends

The growing need for self-service POS terminals is one of the key factors drive the point of sale terminals' market growth. Self-service POS terminals such as self-service payment kiosks help speed up services, improve the quality of service, and ensure comfortable shopping experience, which, in turn, boost customer satisfaction. These terminals reduce crowding in movie theaters, petrol stations, restaurants, and hypermarkets and supermarkets. With the increased rate of self-service payments, there will be a rise in the need for secure transactions. This has propelled the adoption of biometric POS terminals, which deploy the biometric authentication method. This technique can add an extra layer of security to a POS system. To leverage this scenario, vendors are offering biometric POS terminals.

The advent of HCE-based POS transactions, which is one of the key POS terminals market trends, will drive market growth at a CAGR of nearly 9% during the forecast period. The demand for HCE-based POS transactions is increasing because they enable contactless payments and provide privacy and security. HCE offers convenience to users as it helps in reducing physical card payments.

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POS Terminals Market: Key Highlights of the Report for the Forecast Period 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive POS terminals market growth during the next five years
  • Precise estimation of the POS terminals market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the POS terminals market industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of POS terminals market vendors 

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product placement
  • Fixed - Market size and forecast 2019-2024
  • Mobile - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End user placement
  • Retail - Market size and forecast 2019-2024
  • Hospitality - Market size and forecast 2019-2024
  • Market opportunity by End user

Market Segmentation by Other 1

  • Market segments
  • Comparison by Other1 placement
  • EMV - Market size and forecast 2019-2024
  • Non-EMV - Market size and forecast 2019-2024
  • Market opportunity by Other1

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption
  • Vendor Analysis

Vendors covered

  • Market positioning of vendors
  • Fiserv Inc.
  • Hewlett Packard Enterprise Development LP
  • Ingenico Group SA
  • Oracle Corp.
  • Panasonic Corp.
  • PAX Global Technology Ltd.
  • Samsung Electronics Co. Ltd.
  • SZZT Electronics Shenzhen Co. Ltd.
  • Toshiba Corp.
  • VeriFone Systems Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The pos terminals market growth will increase by $3.90 billion during 2019-2024.
The pos terminals market is expected to grow at a CAGR of 8.62% during 2019-2024.
Technavio has segmented the pos terminals market by product (Fixed and Mobile) ,other 1 (EMV and Non-EMV) , and geographic (APAC, North America, Europe, and South America).
Fiserv Inc. , Hewlett Packard Enterprise Development LP, Ingenico Group SA, Oracle Corp., Panasonic Corp., PAX Global Technology Ltd., Samsung Electronics Co. Ltd., SZZT Electronics Shenzhen Co. Ltd., Toshiba Corp., VeriFone Systems Inc. are a few of the key vendors in the pos terminals market.
APAC will register the highest growth rate of 61.05% among the other regions. Therefore, the pos terminals market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the pos terminals market growth are:
  • Growth in end-user demand for POS terminals
  • Expected rise in demand for temperature-sensitive products
The pos terminals market vendors should focus on grabbing business opportunities from the fixed segment as it accounted for the largest market share in the base year.
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