POS Terminals Market 2020-2024 | Growing Need for Self-Service POS Terminals to Boost Growth | Technavio
Technavio has been monitoring the POS terminals market and it is poised to grow by USD 3.90 billion during 2020-2024, progressing at a CAGR of about 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global POS terminals market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the POS terminals market Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Fiserv Inc., Hewlett Packard Enterprise Development LP, Ingenico Group SA, Oracle Corp., Panasonic Corp., PAX Global Technology Ltd., Samsung (News - Alert) Electronics Co. Ltd., SZZT Electronics Shenzhen Co. Ltd., Toshiba Corp., and VeriFone Systems Inc are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Growing need for self-service POS terminals has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/POS-terminals-market-industry-analysis
POS terminals market 2020-2024: Segmentation
POS terminals market is segmented as below:
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POS terminals market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our POS terminals market report covers the following areas:
This study identifies the advent of HCE-based POS transactions as one of the prime reasons driving the POS terminals market growth during the next few years.
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POS terminals market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by EMV Channel
Drivers, Challenges, and Trends
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