TMCnet News
Global Point of Sale Terminal Market to Reach $73.12 Billion by 2020 - Key Vendors are Cisco Systems, VeriFone System & NEC Corporation - Research and MarketsResearch and Markets has announced the addition of the "Global Point of Sale Terminal Market- Forecasts and Trends (2015-2020)" report to their offering. The Point of Sale terminal market has grown considerably over the past few years because they offer high returns on investments and are much easier to use. The demand for POS terminals especially from small and medium sized businesses has increased since they are more durable than traditional cash registers and help in lowering total cost of ownership. The Global Point of Sale Terminal market is expected to reach $73.12 billion by 2020, growing at the Compound Annual Growth Rate of 9.88% over the forecast period. The factors driving the market are growing adaptation of NFC and Cloud Computing Technologies. The introduction of cloud computing has fuelled the growth of POS terminal market, now POS systems can be used as Software as a Service (SaaS (News - Alert)) and can be accessed directly from any internet browser. Also, Cloud based PO system do not depend on the architecture and the operating system of the machines in which they are used. Due to high and constant demand from hospitality and retail sector, the POS terminals software solutions are witnessing steady growth and is expected to increase even further over the next five years. Mobile Point of Sale Terminals or mPOS terminals are growing significantly since they provide better user experience and help in conducting remote financial transactions which in turn enhance customer experience. Companies Mentioned:
Key Topics Covered: 1. Introduction 2. Executive Summary 3. Market Overview 4. Global Point of Sales Terminals Market Segmentation- By Components 5. Global Point of Sales Terminals Market Segmentation- By Type 6. Global Point of Sales Terminals Market Segmentation- By Application 7. Global Point of Sales Terminals Market Segmentation- By Geography 8. Competitive Intelligence 9. Company Profiles (Company Overview, Major Products, Company Finances, Recent Developments) For more information about this report visit http://www.researchandmarkets.com/research/9xtf7l/global_point_of View source version on businesswire.com: http://www.businesswire.com/news/home/20161124005153/en/ |
