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Point of Sale (POS) Terminals Market 2012 – 2023

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(Point of Sale) POS terminals market size was over USD 43 billion in 2015, with revenue forecast of over USD 100 billion by 2023. 

Global POS terminal industry analysis study predicts shipments to grow at over 18% CAGR from 2016 to 2023.

Growing demand for applications in SMBs owing to Total Cost of Ownership (TCO) reduction and improved return on investments is expected to further boost growth.

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Global Market Scenario of Point of Sale (POS)

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Retail POS terminals market size is forecast to surpass USD 30 billion by 2023. These products create value for retailers, leading to more converged and integrated store solutions.

Emergence of mobile wallet technologies will lead to higher penetration of retail oriented products into the near future. 

Healthcare applications are likely to grow at 13.9% CAGR from 2015 to 2022. In the healthcare space, these products prove highly efficient for expediting the billing process, tracking patient data, eliminating paperwork, and improving communication.

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India POS terminal market share, by application, 2012 - 2023 (USD Billion)

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Application Analysis

Mobile POS terminals market share is anticipated to witness gains at 19% CAGR over the forecast period. These products are primarily used for better user experience and mobility, as well as low initial cost as compared to their traditional counterparts.

Regional Analysis

U.S. POS terminals market size was over USD 11 billion in 2015. Asia Pacific, especially China and India POS terminals market size is forecast to grow at 13% CAGR, spurred by high growth in China and India.   Competitive Market Share

The mobile POS terminals industry is more fragmented as compared to fixed systems; however, increased mergers and acquisitions are predicted to result in consolidation. Other notable players include Zebra Technologies, First Data Corporation, and Oracle.

360° Analysis

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Latest Research Report On Point of Sale (POS) TerminalsMarket@ https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

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