San Francisco, California, November 23, 2017: TMR Research has published a new report which is titled, “Retail Point-of-Sale (PoS) Terminals Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025″ As per the report, the global retail point of sale (PoS) terminals market is being positively influenced by the increasing use of smartphones and tablets for making online purchases on account of the availability of various discount coupons and offers. Point of sale terminals can help save money, time and effort, as well as are highly efficient, thus they are extensively being adopted by hotels, restaurants, organisations, banks, supermarkets, hyper markets, departmental stores, and online vendors. Therefore the global retail point of sale terminals market will witness high growth during the forecast period.
This market will also witness growth on account of the various benefits of retail PoS terminals such as low maintenance cost, accurate transactions, and real time inventory. As a PoS terminal system can process both credit and debit card as well as track and record orders of customers, the demand for these systems will be high. In addition to this, as retail point of sale terminals are closely integrated with software systems such as supply chain, purchase order, inventory, warehouse, merchandise planning, and marketing, the demand for these systems will soar.
It is anticipated the the launch of QR based payment system will restrict the growth of the retail PoS terminal systems market especially in countries such as India. In contrast with retail point of sale terminals, a QR based payment system eliminates the need to pay transaction fees to banks, thus benefiting merchants and vendors. All these factors are effectively hampering the growth of this market. On a positive note however, the launch of new technologies will reduce the impact of these restraints.
On the basis of geography, it is estimated that Asia Pacific will emerge as the most lucrative market for retail point of sale terminals. China and India are behind the growth of the retail PoS terminals market in this region as many customers within this region choose to make mobile payments. The Middle East and Africa, and Latin America are also expected to be key markets.
The report profiles key players within the global retail point of sale terminal market for the purpose of study. Strategies adopted by the players as well as their recent accomplishments within the field of PoS terminals are also revealed in the report. The financial and business overview of the players are also given in the report. In addition to this, information regarding the various strategic expansion activities such as collaborations, partnerships, mergers, and acquisitions between different companies is also given. Some of the players operating in the global market for retail point of scale terminals are MICROS Systems, VeriFone Systems, Samsung Electronics, PAX Technology, Cisco Systems, Panasonic, Toshiba, Ingenico, and HP.
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