Retail POS Terminals Market forecast to grow at 14% CAGR from 2016 to 2024: Global Market Insights Inc. The research report “Retail (Point of Sale) POS Terminals Market Size By Product (Mobile, Fixed), By Services (Professional services, Support & Maintenance, Training), By Component (Software, Hardware), By Application (Department Store, Supermarket/Hypermarket, Warehouse, Convenience, Discount Store, Specialty Store, Drugstore, Category Store), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024”. Retail Point of Sale Terminals Market size to grow at 14% CAGR from 2016 to 2024: as per a new research report by Global Market Insights, Inc. Rising popularity of non-cash transactions due to the digitization of payments, technological innovation, and proliferation of immediate payments will fuel global retail POS terminals market growth. Cash handling and cost elimination further contributes towards the global demand. Increasing investment from the technology providers to offer advantages such as digital mishap control, reduced payment processing time, and low fee charges will drive Retail point of sale terminals market size.
Mobile retail POS terminals market is anticipated to witness substantial growth at over 18% CAGR from 2016 to 2024. Advancements in wireless technology and emergence of mobile wallets are responsible for industry growth forecasts. Moreover, the advantages such as low upfront cost, easy usage, positive return on investment, and portability, have collectively spurred mobile POS terminals market consumption. Manufacturers in the retail POS terminals market facilitate customized services including offers & loyalty initiatives, coupons, and suggestions, resulting in enhanced customer satisfaction. Emergence of advanced payment technologies such as NFC and Europay, Master Card and Visa (EMV) coupled with the increasing adoption of payment options such as debit and credit cards have played their role in demand development. Technology advancements have improved cost effectiveness and features such as Quick Payment Service (QPS), automated download, and backlighted keyboards leading to the high adoption rate.
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India Retail POS Terminals Market size, by application, 2013-2024 (USD Million)
Browse key industry insights spread across 170 pages with 128 market data tables & 99 figures & charts from this 2017 report Retail (Point of Sale) POS Terminals Market in detail along with the table of contents: https://www.gminsights.com/industry-analysis/IR-infrared-camera-market-report Supermarkets/hypermarkets will witness increase adoption in the coming years owing to the maximum RoI and increasing focus on enhanced customer experience. Ability to reduce manual error and regular inventory track is enhancing the usage resulting in retail POS terminals market growth. Data security and costly software upgrades are challenges for companies operating in the industry. Support & maintenance services accounted for over 20% of the 2015 retail POS terminals market share, due to the increase in demand for optimization of the IT software and hardware infrastructure of an organization in regions such as North America and Europe. Training services will be driven by the increasing demand across developing countries for proper guidance and familiarity with the technology.
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Segmentation of Retail POS Terminals Market:
Retail POS terminals market by product o Mobile o Fixed Retail point of sale terminals market by service o Professional service o Support & maintenance o Training Retail POS terminals market by component o Hardware o Software Retail point of sale terminals market by application o Department stores o Supermarkets/hypermarkets o Warehouse o Convenience o Discount stores o Specialty stores o Other
The above information is provided on a regional and country basis for the following:
North America o U.S. o Canada Europe o UK o Germany o France o Italy o Spain Asia Pacific o China o India o Japan o South Korea Latin America o Brazil o Mexico MEA
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