The mPOS terminal segment is projected to grow significantly in the retail POS terminals market over the coming years owing to the ability of provide secure transactions in out-of-store environments. It is widely used in tradeshows, events and flea markets to enable the rapid movement of the customers through the checkout lines.
The security concerns associated with the data privacy will inhibit the retail POS terminals market growth over the forecast timeline. This is due to the concern regarding the cyber-attacks such as the DDoS. Moreover, the high cost associated with the implementation of these systems and the investments required for the widescale adoption poses a significant challenge for the retailers. Furthermore, the threats related to skimming and malware while making transactions will challenge the industry growth.
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Retail POS terminals market, often claimed as one of the fasting growing business spaces of recent times, is highly driven by the digital influence in the financial sector. Over the recent years, cashless mode of payment has observed a tremendous surge, a factor that has massively proliferated the demand for adequate acceptance infrastructure like POS terminals. According to the Federal Reserve Payment Study of 2016- the number of non-cash transaction in U.S. including credit card, debit card, check payments, and ACH has crossed almost 144 billion in 2015, having a valuation of over USD 178 trillion.
Notable behemoths of retail POS terminals market including Toshiba Corporation, VeriFone Systems Inc., Samsung Electronics Co., Ingenico Group, Panasonic Corporation, NCR Corporation, Hewlett-Packard Company, and PAX Technology Inc. have been increasingly vying up with one another to bring innovative technology in the foreground. For instance, Mastercard, the U.S. based financial conglomerate has recently teamed up with Verifone, in a bid to roll out an innovative point-of-sale financial application in U.K. retail space.
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The latest trends of retail POS terminals market are extensively tech-driven, given the mammoth proliferation of IoT in retail space. Retail management systems, nowadays have been increasingly deployed for web applications. However, in order to bring a consequential transformation in the retail business with regards to efficiency and performance, it is imperative to explore newer technologies. Cloud-based computing observes a huge potential in this regard.
Some Point from Table of Contents:
Chapter 4 Retail POS Terminals Market, By Product
4.1 Retail POS terminals market share by product, 2016 & 2024
4.2 Fixed retail POS Terminals
4.2.1 Global fixed retail POS terminals market, 2013 – 2024
4.2.2 Global fixed retail POS terminals market, by region, 2013 – 2024
4.3 Mobile retail POS Terminals
4.3.1 Global mobile POS terminals market, 2013 – 2024
4.3.2 Global mobile POS terminals market, by region, 2013 – 2024
Chapter 5 Retail POS Terminals Market, By Component
5.1 Retail POS terminals market share by component, 2016 & 2024
5.2.1 Global POS hardware market, 2013 – 2024
5.2.2 Global POS hardware market, by region, 2013 – 2024
5.3.1 Global POS software market, 2013 – 2024
5.3.2 Global POS software market, by region, 2013 – 2024
5.4.1 Global POS services market, 2013 – 2024
5.4.2 Global POS services market, by region, 2013 – 2024
5.4.3 Professional services
18.104.22.168 Global professional services market, 2013 – 2024
22.214.171.124 Global professional services market, by region, 2013 – 2024
5.4.4 Support & maintenance
126.96.36.199 Global support & maintenance services market, 2013 – 2024
188.8.131.52 Global support & maintenance services market, by region, 2013 – 2024
184.108.40.206 Global training services market, 2013 – 2024
220.127.116.11 Global training services market, by region, 2013 – 2024
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