Global POS Terminal Market: Overview
According to a new market report pertaining to the global POS terminal market published by Transparency Market Research, the global POS terminal market is projected to reach US$ 37.0 Bn by 2027. The POS terminal market is projected to expand at a CAGR of 12.8% from 2019 to 2027. Increasing demand of organizations in the area of real time user interaction, quick payment is driving the growth of the market.
- Rise in Demand for Mobile POS Terminals – Mobile point-of-sale (mPOS) refers to specialized wireless devices such as tablets and smartphones that are capable of functioning as an electronic point-of-sale terminal or cash register. The implementation of mPOS allows the sales and service industries to conduct financial transactions at any place, owing to mobility, improved customer experience, and saving of space. Furthermore, according to custom research by HP company, till 2018, 3% of enterprise merchants have fully deployed an mPOS solution, and 86% of companies are either currently in the process of implementing or are planning to implement mPOS in the next two years. Thus, the anticipated demand for mPOS is expected to drive the POS terminals market during the forecast period.
- Enhanced Customer Experience and Low Total Cost of Ownership (TCO) as Compared to Conventional Channels of Payment – Advanced POS technology competes with older point-of-sale systems such as PC cash drawers (PCCD) and cash registers. Retailers are seeking ways to update the legacy checkout systems in order to enhance customer service and operational efficiency. Retailers have realized that even a small cost reduction could lead to significant improvements in the bottom-line of their businesses.
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POS Terminal Market: Market Taxonomy
The global POS terminal market has been segmented in terms of type, component, application and region. Based on type, the market has been segmented into Fixed POS Terminal and Wireless and Mobile POS Terminal. Based on component, the market has been segmented into hardware, software and services. Software is further segmented into on-premise and cloud. Services has been further segmented into Integration, Implementation and Consulting. Based on application, the market has been segmented into Restaurant, Hospitality, Healthcare, Retail, Warehouse / Distribution, Entertainment and Others {Field Service, Government, Transportation, etc.} By region, the global POS terminal market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Initially, vendors across the ecosystem of POS terminal were analyzed based on type of technology providers in the market.
POS Terminal Market: Regional Outlook
North America is expected to dominate the POS terminal market during the forecast period. Asia Pacific is expected to see increasing growth in the POS terminal market. The POS terminal market in Middle East & Africa, Europe, and South America is also expected to expand rapidly during the forecast period.
The report provides in-depth segment analysis of the global POS terminal market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the POS terminal market.
POS Terminal Market: Competition Dynamics
The research study includes profiles of leading companies operating in the global POS terminal market. Key players profiled in the report include Cisco Systems, Inc., Emerge Mobile (Pty) Ltd., Equinox Payments, LLC, Ingenico S.A., iVeri Payment Technologies (Pty) Ltd, Micros Systems, Inc., Miura Systems Ltd., NCR Corporation, Panasonic Corporation, Samsung Electronics Co., Ltd., Toshiba Corporation, Vectron Systems SA, Yoco Technologies (Pty) Ltd.
The global point-of-sale (POS) terminal market is segmented based on:
Product Type
- Fixed POS
- Wireless and Mobile POS
Component
- Hardware
- Software
Application
- Restaurant
- Hospitality
- Healthcare
- Retail
- Warehouse / Distribution
- Entertainment
- Field Service
- Government
- Transportation
Geography
- North America
- Europe
- Asia Pacific
- MEA
Due to the impact of oil, the intersection of changing cost structure and price mechanism has had a significant impact on the economy of chemical manufacturer, and reshaped the value creation and competition dynamics.
In order to fully understand the impact of oil shock, it is necessary to conduct in-depth analysis on the cost, price and competition structure of a single product chain in each region.However, dividing costs and prices into three general categories, each with a different meaning of profit, can help to gain a broad understanding.
The first is the chain regional combination closely related to oil price and cost.
The third is the chain regional combination which has the least connection with oil price and cost.|Industry leaders can use this simple framework to divide their portfolios across categories and prepare different responses based on categories.As prices and costs are related to the same underlying commodities, the impact of oil shocks on profit margins will be small, as the changes in prices and costs are roughly the same.
However, before the price reaches equilibrium, a chemical manufacturer with excellent commercial and purchasing ability can expand its profits by achieving faster purchasing savings in an environment of falling oil prices.
Benzene is a real commodity chemical produced as a by-product of refineries, and its simple derivatives (such as styrene and polystyrene) are an example of such a chain, because global prices and costs fluctuate with oil prices.
According to the new market research report "Public Safety-LTE Market by Infrastructure (E-UTRAN, EPC), Services (Consulting and Integration), Deployment Model (Private, Hybrid), Application (Law Enforcement, Firefighting Services), and Region - Global Forecast to 2025", published by MarketsandMarkets™, the Public Safety-LTE Market is expected to be valued at USD 5.9 billion in 2020 and is likely to reach USD 15.4 billion by 2025; it is expected to grow at a CAGR of 21.1% during the forecast period.
Adoption of LTE technology to eliminate the existing interconnectivity issues between different networks, increase in demand for unmanned vehicles globally, seamless data connectivity offered by LTE technology, and the COVID-19 pandemic is driving the need for efficient and extensive network capacity are expected to help the growth of the PS-LTE market during the forecast period.Ask for PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=149438422 The services segment of the PS-LTE market is projected to grow at highest CAGR during forecast periodThe services segment is projected to grow at the highest CAGR from 2020 to 2025.
The growth of the services segment can be attributed to the expectation that the PS-LTE services would be fully deployed in most of the regions of the world by 2020, and there would be increased revenue from these services than the PS-LTE infrastructure.
Moreover, the developed PS-LTE networks in countries such as Australia, China, Qatar, the UAE, and the US are expected to proliferate the demand for managed and other professional services.Emergency medical services application of PS-LTE market to grow at highest CAGR during forecast periodThe emergency medical services application is expected to register the highest CAGR during the forecast period.
LTE networks in emergency services lead to the sharing of real-time videos of patients that help in obtaining the vitals of patients virtually.
LTE networks in emergency services provide information related to the hospital assets so that the EMS personnel can shift patients to the best-suited facilities nearby.
The global dental practice management software market has crossed USD 888 million and is anticipated to exhibit a CAGR of 6.8% in the forecast period.
Request free sample to get a complete analysis of top-performing companies @ https://www.millioninsights.com/industry-reports/dental-practice-management-software-market/request-sample Key Players:The key players in the dental practice management software market include Patterson Companies, Inc.; Henry Schein, Inc.; Carestream Dental; NextGen Healthcare Information Systems, LLC; DentiMax, LLC; and Practice Web, Inc. Growth Drivers: Medical care services are now adopting online services in order to create optimized benefits for stakeholders and investors and out of this objective, the dental practice management software resolves all the data related problems arising out of dental diagnosis.
Under dental clinical software management, the process gets faster and efficient over conventional ways.
Hence, with the rise in dental clinic management system with Notification enables the clinic staff to maintain high volumes of records in a computerized and systematic manner.
From the commercial perspective, the dental practice management software market share witness’s developments in patient examination form and analysis for causes of tooth disease and ailment.
Rise in use of electronic health records and upgradation in technological infrastructure is expected to propel the market growth in the near future.
Biodegradable packaging offers a natural protection, when utilised primarily for packaging and presentation of the products.
Over the past few years, consumers have been gradually shifting their preferences from conventional packaging to biodegradable packaging, on the back of environmental concerns.
Huge investments are being made by the manufacturers in research and development activities, in a bid to develop innovative products and gain a competitive edge in the global biodegradable packaging market.Charta Global Announces its Launch of Foodpak Bio Natura Cup StockProvider of graphical & office papers, packaging boards and food grade for South America and North America, and a strategic partner of Asia Pulp & Paper, Charta Global has announced its launch of a new range of biodegradable packaging products.
Charta Global claims that its newly developed eco-friendly “Foodpak” food & beverage packaging line provides products, which are capable of biodegrading within a period of 12 weeks.
With the help of testing on Foodpak conducted by the Isega Institute, a scientific evidence has been maintained by Charta Global that the stock will break down and decompose away into the nature by 12 weeks of time.
Request For Report Sample: https://www.researchreportinsights.com/report/upsample/120124601/Biodegradable-Packaging-Market North America and Europe – Most Lucrative Regions for Growth of Biodegradable Packaging MarketA latest research study conducted by Research Report Insights has anticipated the global biodegradable packaging market to gain huge traction in the foreseeable future.
