Point of Sale (POS) Terminal Market Scope
A point-of-sale terminal is a hardware system for processing card payments at retail locations. PoS terminals start out as manually- operated machines, transformed into mobile PoSes with bar codes and scanners, and the trend is moving towards a cloud-based PoS System. PoS systems are commonly programmable or allow enhancement with third-party software programs. Cloud-based POS systems are increasingly in use, particularly for large online merchants, to track and process numerous purchases this factor is driving the market and the High Cost of POS software or hardware is a factor that may impact market growth.
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|Key Companies Profiled||Oracle (United States), NCR Corporation (United States), SZZT Electronics Shenzhen Co., Ltd. (China), Block, Inc. (United States), BBPOS Limited (Hong Kong), Ingenico (France), PAX Technology (China), VeriFone, Inc. (United States), Castles Technology (Taiwan), NEC Corporation (Japan), USA Technology Services, LLC (United States) and DSpread (China)|
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality software & hardware to cater to the ever-growing demand for Point Of Sale terminals. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with automotive software companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Point of Sale (POS) Terminal market throughout the predicted period.
Oracle (United States), NCR Corporation (United States), SZZT Electronics Shenzhen Co., Ltd. (China), Block, Inc. (United States), BBPOS Limited (Hong Kong), Ingenico (France), PAX Technology (China), VeriFone, Inc. (United States), Castles Technology (Taiwan), NEC Corporation (Japan), USA Technology Services, LLC (United States) and DSpread (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Clover Network, LLC (United States), DealPOS (Indonesia), Toast, Inc. (United States), Foodics (United Arab Emirates) and Lightspeed Management Company, L.L.C. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Point of Sale (POS) Terminal market by Type and Region with country level break-up.
On the basis of geography, the market of Point of Sale (POS) Terminal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesIN June 2022, Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. Oracle Complete acquisition of Cerner.
In January 2023, Ingenico, A global leader in payments acceptance solutions, And Klarna', the global leader in the generational shift away from credit cards, announced a global strategic partnership that will facilitate the rollout of Klarnas Flexible payment options at the point of sale using PPaaS, Ingenico's innovative, cloud payment platforms as a service.
Influencing Trend:Growing demand for the mobile payment transaction
Market Growth Drivers:Increase the use of cloud-based point of sales terminal
Challenges:Increase threats and malpractices in POS systems
Restraints:High Cost of POS software or hardware
Opportunities:Rise in adoption of POS terminals in retail, restaurant, healthcare, and hospitality sectors
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations, End-Use Industries and Others