Point-of-Sale Terminals Market To Grow Substantially At A CAGR of 7.5% By 2027 : Radiant Insights,Inc

The global POS terminal market size is expected to reach USD 125.9 billion by 2027, registering a CAGR of 7.5% over the forecast period. Rising demand for Customer Relationship Management (CRM), reporting, payment processing features along with understanding customer purchase patterns is anticipated to drive the growth. Furthermore, the decline in the trend of carrying cash for shopping coupled with growing digitalization in the payment industry is anticipated to boost the adoption of point-of-sale terminals.

Access Sample Report of this report @ https://www.radiantinsights.com/research/point-of-sale-pos-terminals-market-analysis/request-sample

Large businesses are using POS systems to gain consumer insights, which are then applied to develop discount schemes and personalized marketing. This helps attract more customers and boost sales. Small and medium businesses have also realized the benefit of deploying these systems on their premises. Industries such as retail, hospitality, and restaurants are the highest adopters of POS systems for everyday transactions at their facilities.

The market for fixed POS terminal has been affected by the introduction of mobile POS systems. The mobile segment is anticipated to expand at the fastest CAGR over the forecast period and is projected to reach over USD 68.3 billion by 2027. The demand for mobile POS terminal is rising rapidly in developed countries owing to its user-friendly, cost-effective, and convenience features. Moreover, they allow omnichannel assistance for scenarios, such as Buy Online, Pick-up in Store (BOPIS), online purchase, and home deliveries from the store, which is expected to boost market growth over the forecast period.

Further key findings from the report suggest:

• The global POS terminal market accounted for USD 69.0 billion in 2019 and is expected to expand at a CAGR of 7.5% from 2020 to 2027

• Mobile product segment was valued at USD 25.1 million in 2019 and is anticipated to register the fastest CAGR of 12.8% from 2020 to 2027

• Healthcare segment will witness the fastest CAGR of 9.8% during the forecast period

• Asia Pacific is expected to expand at the fastest CAGR from 2019 to 2027. Rising demand in retail stores in China, India, and Japan is one of the key factors driving the growth. Moreover, booming fine dining and other forms of restaurants in food service sector in major cities is anticipated to further fuel the growth

• Key market players include Ingenico Group; NCR Corporation; VeriFone Systems Inc.; PAX Technology Corp.; Fujian Newland Payment Technology Co. Ltd.; Revel System Inc.; Oracle Corporation; and ShopKeep

Browse Full Report With TOC @ https://www.radiantinsights.com/research/point-of-sale-pos-terminals-market-analysis

About Radiant Insights

Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Media Contact:
Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com

Web: http://www.radiantinsights.com/