The persistent requirement for the trendy enhanced software is expected to drive the market. Hottest
advancements in the screen-touch technology have helped the POS functioning, which again augments the
global market. Above all, this effective device helps to reduce manual errors, which rises its acceptance across
different segments and boost the market growth. However, the security issue related to this technology restricts
the growth of POS Terminals industry.
From among the wide applications of Point-of-Sale Terminals like supermarkets, restaurants, grocery, field
service, hospitality lodging, retail, government, healthcare, and warehouse/distribution, the retail area is
leading area due to the growing popularity of technology driven payment options in the retail industry. Another
leading application of POS Terminals is observed in the healthcare industry. Similarly, the warehouse industry
will also experience a strong growth due to the rising acceptance of mobile POS terminals.
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The Point-of-Sale (POS) Terminals industry is categorized on the basis of product type, components, application,
and geography. On the basis of product type, POS Terminals market is divided into Fixed POS and Wireless
&Mobile POS. The fixed POS is predicted to hold a larger Point-of-Sale Terminals market share owing to the
growing acceptance in different parts of the world. On the basis of components, the market is categorized into
hardware and software. These are the main components of the device. Attributed to the growing demand from
the hospitality and retail industry, the POS software is predicted to experience substantial growth in the coming
years. On the basis of application, the Restaurant Point-of-Sale Terminals industry is divided into Hospitality,
Healthcare, Retail, Warehouse / Distribution, Entertainment, Field Service, Government and Transportation, out
of which, retail is expected for maximum dominance due to the flexible transaction volume.
Geographically, the Point-of-Sale (POS) Terminals market is divided into Europe, North America, Latin America,
Africa and Middle East. North America is expected to dominate the market due to high technology adoption
rate and great demand for POS terminals from hospitality and retail sectors.
Market Segment:
POS Terminals Product Outlook (Revenue, USD Billion, 2014 - 2025)
• Fixed
• Mobile
POS Terminals Component Outlook (Revenue, USD Billion, 2014 - 2025)
• Hardware