Point-Of-Sale Terminals Market Strategy Framework To 2022 - 2030

The global point-of-sale terminals market size is expected to reach USD 181.47 billion by 2030, registering a CAGR of 8.5% from 2022 to 2030, according to a new study by Grand View Research Inc. Growing demand for mobile POS terminals from several end-use industries, rising preference for affordable wireless technologies, and rise of modern drive-thru are expected to be some of the major factors driving the point-of-sale (POS) terminal market during the forecast period. Moreover, change in customer payment preferences and buying behavior also bode well with the market growth.

Point-Of-Sale Terminals Market Segmentation

Grand View Research has segmented the global point-of-sale terminal market on the basis of product, component, deployment, end use, and region

Based on the Component Insights, the market is segmented into Hardware, Softwareand Services.

  • The hardware segment appeared as the largest segment in 2021, accounting for a market share of more than 60.0%. The segment is expected to expand at a CAGR of nearly 6.0% from 2022 to 2030.
  • Further, the software segment is estimated to register the highest CAGR of over 10.0% during the forecast period. This growth can be attributed to data support functionality, multifunctional features, and sales analysis ease.

Based on the Deployment Insights, the market is segmented into Cloud and On-premise.

  • The cloud segment is expected to witness a significant CAGR of over 10.0% from 2022 to 2030. This growth is attributed to the increasing adoption of SaaS technology and software integration.
  • On-premise deployment incorporates manual installation at the client’s premise. The installation includes cabling permits and cabling, hardware and software installation, and electrical work.

Based on the Product Insights, the market is segmented into Fixed and Mobile.

  • The fixed product segment leading the market accounted for more than 50.0% of the global revenue share in 2021.The POS system has many applications, such as inventory management, supporting payments devices, customer relationship management (CRM), and printing bills.
  • The mobile POS segment is expected to expand at the fastest CAGR of over 10.0% from 2022 to 2030. This growth is attributed to the rising adoption of in-store mobile payments among customers across the globe.

Based on the End-userInsights, the market is segmented into Restaurants, Retail, Hospitality, Hospitality, Warehouseand Entertainment.

  • The retail segment emerged as the largest segment in 2021, accounting for around 28.0% of the overall market.
  • The supermarkets/hypermarkets segment is expected to expand at the highest CAGR of over 8.5% during the forecasting period.
  • The healthcare segment is estimated to exhibit a greater CAGR of above 9.5% during the forecasting period.

Point-Of-Sale TerminalsRegional Outlook

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • MEA

Key Companies Profile& Market Share Insights

The companies are engaging in several inorganic growth strategies including partnerships, mergers & acquisitions, and geographical expansion, to stay afloat in the competitive market scenario.

Some prominent players in the Point-Of-Sale Terminals market include

  • Acrelec
  • AURES Group
  • Elo Touch Solutions
  • HM Electronics, Inc.
  • Hewlett-Packard Development Company, L.P.
  • NCR Corporation
  • Oracle Corporation
  • Presto
  • Qu Inc.
  • Quail Digital
  • Revel Systems
  • Toast, Inc.
  • Toshiba Corporation
  • TouchBistro Inc.
  • Xenial, Inc.

Order a free sample PDF of the Point-Of-Sale Terminals Market Intelligence Study, published by Grand View Research.

Comments

Post a Comment

Popular posts from this blog

Medical Device Validation & Verification Market Outlook Till, 2020-2027

The global medical device validation and verification market size is expected to reach USD 1.1 billion by 2027, expanding at a CAGR of 11.1% over the forecast period, according to a new report by Grand View Research, Inc. Download Free Sample -  https://www.radiantinsights.com/research/medical-device-validation-&-verification-market/request-sample Increase in demand for advanced and quality medical products and rising complexity with respect to product designing and engineering are anticipated to boost market growth. Rapid innovations in healthcare have increased the need for companies to incorporate new technologies and software applications in their products to meet the demand for validation and verification. Increase in product complexity, availability of newer types of material, and high risk of product failures are some of the key factors increasing the need for validation and verification services. North America dominated the global medical device validation and verificat...
Read more

Athleisure Market Product Estimates & Strategy Framework To 2022 - 2030.

The global  athleisure market  size is expected to reach USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 8.9% from 2022 to 2030. Athleisure is a popular category because it taps into several broad trends, including a global shift toward consumers wearing more casual clothing, consumers seeking comfortable clothing, and health-conscious consumers engaging in more athletic activities and requiring performance clothing for these activities. True Fit's Fashion Genome (via Direct Commerce), which analyses data from 17,000 brands and 180 million True Fit users, confirms that athleisure orders have increased by 84 percent since the pandemic began; sales of women's athleisure bottoms in the United Kingdom alone were five times higher in December 2020 than in April 2020. In addition, order volumes for men's athleisure wear sales increased by 20% from the previous year. Target's activewear line, All ...
Read more

Light Curing Coating Global Market Size Comparison, Analysis, 2020

UV light-curing equipment is ideal for industrial bonding, coating, encapsulating, and potting, as well as sealing applications. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Light Curing Coating Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China). Download Free Sample Copy  -  https://www.radiantinsights.com/research/global-light-curing-coating-market-research-report-2020-2024/request-sample In this report, the global Light Curing Coating market is valued at USD XX million in 2020 and is projected to reach USD XX million by the end of 2024, growing at a CAGR of XX% during the period 2020 to 2024. The report first...
Read more