Global Market Study on Point-of-Sale (POS) Machines: Incorporation of Advanced Security Standards in Terminals Trending the Global Market


Pos Machines  Market
  • Published On : Nov-2018 |
  • Pages : 261 Pages |
  • Format :

Report Synopsis

Persistence Market Research (PMR) offers an 8-year forecast for the global POS machine market between 2018 and 2026. In terms of value, the market is expected to register a lower double-digit CAGR during the forecast period. This study on the POS machine market demonstrates the market dynamics and trends globally across seven regions: North America, Latin America, Europe, SEA and Pacific, China, Japan, and Middle East & Africa, which influence the current nature and the future status of the POS machine market over the forecast period.

Report Description

This research report on the POS machine market provides a detailed analysis of the market and offers insights about the various factors driving the popularity of POS machines and their advantages. The report “POS machine market” includes an extensive analysis of key industry drivers, challenges, market trends, and market structure. The market study also provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report “POS machine market” segregates the market based on POS machine terminal type, industry, and different regions globally.

The POS machine market is expected to witness significant value growth during the forecast period owing to adoption of mobile devices for POS machine transactions, increasing penetration of IoT, and advancements in POS machine terminal systems in the recent years such as real-time analytics features.

The report on POS machine starts with an overview of the POS machine market in terms of value. In addition, this section includes an analysis of the key trends, drivers, and challenges from the supply, demand, and economy side, which are influencing the POS machine market.

The POS machine market is classified on the basis of POS terminal type, industry, and different regions. On the basis of POS terminal type, POS machine market is subsegmented into fixed POS terminals, mobile POS terminals, pocket POS terminals, and POS GPS/GPRS terminals. Based on industry, the POS machine market is subsegmented into retail & consumer goods, travel & hospitality, BFSI, media & entertainment, manufacturing, healthcare, and others. The Asia Pacific POS machine market is expected to witness a relatively high growth rate over the forecast period. Revenue from the POS machine market in North America and Europe is estimated to collectively account for over 50% of the global POS machine market revenue in 2017.

A detailed analysis has been provided for every segment in terms of market size analysis for the POS machine market across different regions. This section provides a detailed analysis that covers the key trends.

The next section of the POS machine market report contains a detailed analysis of the POS machine market across various countries in the region. It provides a market outlook for 2018–2026 and sets the forecast within the context of the POS machine market, which includes latest technological developments as well as offerings in the market. This study discusses key trends within countries that contribute to the growth of the POS machine market, as well as analyses the degrees at which drivers are influencing this market in each region. Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico, & the rest of Latin America), Europe (UK, France, Germany, Italy, Spain, Russia, & the rest of Europe), SEA (India, Australia and New Zealand, ASEAN, and the rest of SEA & Pacific), China, Japan, and MEA (GCC Countries, Turkey, South Africa, Northern Africa, & the rest of MEA). The report evaluates the present scenario and the growth prospects of the POS machine market across various regions globally for the period 2018 –2026. We have considered 2017 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we started by sizing the current POS machine market, which forms the basis of how the POS machine market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global POS machine market is split into a number of segments. All segments in terms of POS terminal type, industry, and different regions are analyzed in terms of basis points to understand the relative contributions of individual segments to the growth of the POS machine market. This detailed level of information is important for the identification of various key trends in the global POS machine market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global POS machine market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the POS machine market, and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the POS machine supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. Detailed profiles of POS machine providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings, and recent developments in the POS machine market. Some of the key market participants in the global POS machine market report include Verifone; Ingenico Group; PAX Technology Limited; Shenzhen Xinguodu Technology Co., Ltd.; SZZT Electronics Co., Ltd.; BBPOS Limited; Fujian Centerm Information Co., Ltd.; Fujian Newland Payment Technology Co., Ltd.; New POS Technology Limited; Cybernet Manufacturing, Inc.; Castles Technology Co., Ltd.; Shenzhen Ejeton Technology Co., Ltd.; Aures Group; and Posiflex Technology, Inc.

Key Segments

  • By POS Terminal Type -
    • Fixed POS Terminals
    • Mobile POS Terminals
    • Pocket POS Terminals
    • POS GPS/GPRS
  • By Industry -
    • Retail & Consumer Goods
    • Travel & Hospitality
    • BFSI
    • Media and Entertainment
    • Manufacturing
    • Healthcare
    • Others

POS machine Market Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Russia
    • Western Europe
  • SEA & Others of APAC
    • India
    • Australia and New Zealand
    • ASEAN
    • Rest of SEA & APAC
  • China
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • Northern Africa
    • Rest of MEA

POS MACHINE Market Key Companies

  • Verifone
  • Ingenico Group
  • PAX Technology Limited
  • Shenzhen Xinguodu Technology Co., Ltd.
  • SZZT Electronics Co., Ltd
  • BBPOS Limited
  • Fujian Centerm Information Co., Ltd
  • Fujian Newland Payment Technology Co., Ltd
  • New POS Technology Limited
  • Cybernet Manufacturing, Inc.
  • Castles Technology Co., Ltd
  • Shenzhen Ejeton Technology Co., Ltd
  • Aures Group
  • Posiflex Technology, Inc.

Besides this PMR has also profiled companies offering display panel providers in the POS machine market

  • Mitsubishi Electric Corporation
  • Phoenix Display International, Inc.
  • BOE VARITRONIX Limited
  • Toshiba Corporation
  • Sharp Corporation
  • AU Optronics Corp.

The introduction of chip-embedded payment cards and Personal Identification Number (PIN) are among factors that have boosted the number of POS machines. In addition, growth in the number of departmental & retail stores and the rapid transition toward digitalization in developing countries are among factors fuelling the demand for POS machines. The demand for POS machines is expected to increase further in proportion with the implementation of advanced technologies. As a result, the POS machine market is expected to exhibit a double-digit growth rate during the forecast period.

A POS machine is an electronic terminal used for the processing of transactions with the help of a card (debit/credit/other) by end-users in various locations, which include retail stores, multiplexes, banks, and health centers. Moreover, the increasing adoption of debit card/credit cards is expected to correspondingly boost the demand for POS machines worldwide.

In this report, PMR has segmented the global POS machine market on the basis of POS terminal type, industry, and regions. On the basis of POS terminal type, the POS machine market is subsegmented into fixed POS terminals, mobile POS terminals, pocket POS terminals, and POS GPS/GPRS terminals. Among the abovementioned subsegments, the GPS/GPRS POS machine terminals segment is expected to exhibit a higher CAGR during the forecast period. However, the mobile POS machine terminals segment is expected to dominate the global POS machines market by the end of the forecast period. Thus, mobile POS machines are expected to witness higher demand and adoption as compared to fixed POS machines owing to the portability offered by them. In addition, the mobile POS machine terminals segment is expected to witness an incremental opportunity of US$ 26,770.3 Mn from 2018 to 2026.

pos machines market

Some of the recent trends governing the growth of the POS machine market include the adoption of mobile devices for POS transactions, increasing penetration of IoT, and advancements in POS terminal systems in the recent years such as real-time analytics features.

Based on industry, the POS machine market is subsegmented into retail & consumer goods, travel & hospitality, BFSI, media & entertainment, manufacturing, healthcare, and others. A high adoption of POS machine terminals has been witnessed in the consumer goods and retail segment owing to the initiatives undertaken by governments for the promotion of cashless transactions and the establishment of various retail stores & multiplexes. Besides retail & consumer goods, the BFSI segment has also witnessed an increase in the adoption of POS and self-service terminals since the past four years. However, due to the maturity of the market, the aforementioned segments are expected to witness a comparatively moderate growth rate during the forecast period. In terms of incremental opportunity, the healthcare segment is expected to be a moderately attractive segment, owing to which it is recommended for investors to invest in the healthcare vertical during the forecast period.

Furthermore, on the basis of geography, the POS machine market is segmented into various regions, which include North America, Latin America, Europe, China, Japan, SEA & Others of APAC, and Middle East & Africa. The North America POS machine market is expected to dominate the global POS machine market due to the high penetration of IoT, the presence of digitalized retail stores, and the availability of resources required for the implementation of advanced POS machines in the region. When considered in conjunction, Asia Pacific, China, and Japan regions held a share of approximately 27% of the global POS machine market. Moreover, the POS machine market has high potential in SEA & Pacific and China as it is an untapped market. In addition, the governments of countries in these regions are undertaking initiatives to spread awareness about POS machines and there is high demand for POS machines in countries such as India and China.

Some of the market participants in the global POS machine market report include Verifone; Ingenico Group; PAX Technology Limited; Shenzhen Xinguodu Technology Co., Ltd.; SZZT Electronics Co., Ltd.; BBPOS Limited; Fujian Centerm Information Co., Ltd.; Fujian Newland Payment Technology Co., Ltd.; New POS Technology Limited; Cybernet Manufacturing, Inc.; Castles Technology Co., Ltd.; Shenzhen Ejeton Technology Co., Ltd.; Aures Group; and Posiflex Technology, Inc.

Company Profiles

  • Ingenico Group
  • Verifone
  • PAX Technology Limited
  • Shenzhen Xinguodu Technology Co., Ltd.
  • SZZT Electronics
  • BBPOS
  • Centerm
  • NEWPOS
  • Newland Payment Technology Co., Ltd
  • Aures Group
  • Castles Technology Co., Ltd
  • Cybernet Manufacturing, Inc.
  • Posiflex Technology, Inc.
  • EJETONResearch Methodology
  • Mitsubishi Electric Corporation
  • Sharp Corporation
  • Toshiba Corporation
  • BOE VARITRONIX Limited
  • AU Optronics Corp.
  • Phoenix Display International, Inc.
  • Others.
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