The Point-of-Sale Terminals Global Market Report 2023, provides comprehensive information on the point-of-sale terminals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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According to The Business Research Company’s Point-of-Sale Terminals Global Market Report 2023, the global point-of-sale (POS) terminals market is on an upward trajectory. It is forecasted to expand from $89.06 billion in 2022 to $97.6 billion in 2023, exhibiting a robust compound annual growth rate (CAGR) of 9.6%. However, it’s essential to consider the broader global context. The Russia-Ukraine conflict has disrupted the world’s path to economic recovery post the COVID-19 pandemic, at least in the short term. The repercussions include economic sanctions on multiple countries, surging commodity prices, and supply chain disruptions, culminating in inflationary pressures across industries worldwide. Nevertheless, the POS terminals market is expected to continue its growth momentum, reaching an estimated $140.39 billion by 2027, sustaining a CAGR of 9.5%. This trajectory underscores the resilience and vitality of the POS terminals market.
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Technological innovation plays a pivotal role in shaping the point-of-sale terminal market. Leading companies within the sector are committed to introducing cutting-edge advancements that bolster their position in this dynamic market. A notable illustration of this commitment is observed through the actions of PAX Global Technology, a prominent Chinese manufacturer specializing in payment terminals, PIN pads, and point-of-sale hardware and software.
In September 2021, PAX Global Technology unveiled Android payphones in Amsterdam, marking a significant leap in the realm of point-of-sale solutions. These payphones are essentially smartphones with a distinct array of features, including built-in point-of-sale technology. They represent an innovative and transformative alternative for acquiring banks and payment service providers, opening up new possibilities for seamless and efficient transactions. This move exemplifies the industry’s dedication to harnessing technology to offer enhanced and sophisticated solutions in the field of point-of-sale terminals.
The point-of-sale terminals market is segmented:
1) By Product: Mobile, Fixed
2) By Component: Hardware, Software, Service
3) By Technology: Biometric, Traditional
4) By Operating System: Windows, Linux, MAC
5) By Application: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other Applications
Asia-Pacific was the largest region in the point-of-sale terminals market in 2022.
Top 5 Major Key Players Are:
Samsung Electronics Co. Ltd
NEC Corporation
Panasonic Holdings Corporation
Toshiba Corporation
Hewlett-Packard Development Company L.Packard
Table Of Contents
1. Executive Summary
2. Point-of-Sale Terminals Market Characteristics
3. Point-of-Sale Terminals Market Trends And Strategies
4. Point-of-Sale Terminals Market – Macro Economic Scenario
5. Point-of-Sale Terminals Market Size And Growth
…….
26. Africa Point-of-Sale Terminals Market
27. Point-of-Sale Terminals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Point-of-Sale Terminals Market
29. Point-of-Sale Terminals Market Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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