The point of sale (POS) terminal market is anticipated to surpass a valuation of USD 87 billion, attaining a CAGR of 9% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report.

The point of sale (POS) terminal market has experienced a significant turnaround due to rapid technological advancements in POS terminal solutions. Soaring demand for contactless payment, coupled with the proliferation of NFC devices in the industrial ecosystem has resulted in increased adoption of integrated POS. Rising investments in technologies, like end-to-end encryption for offering secured payment solutions and convenience to customers, are likely to trigger the demand for such POS terminals in the next couple of years. Moreover, major companies across the globe are emphasizing on software due to rising penetration of smartphones, which is considered to encourage the market globally.

Regional Frontiers

Geographically, the [FURL=https://www.marketresearchfuture.com/reports/point-of-sale-terminal-market-5635]Pos Terminal Market Share[/FURL] spans across the Asia Pacific, North America, Europe, and Rest of the World (RoW).

Europe is likely to exhibit a gradual growth rate, with countries like Germany, the U.K., and France leading the regional market. The growth can be credited to the existence of mature markets in the region.

The Asia Pacific, on the other hand, is likely to expand at the fastest rate, with countries like Japan, India, and China leading the regional market. Increased awareness campaigns by the government to encourage cashless economy are predicted to influence the market growth. Increased standard of living coupled with rising income, especially in developing economies like India, has resulted in flourishing retail markets. This has further triggered the demand from the POS terminal market in the region.

Competitive Dashboard

The players operating in the point of sale (POS) terminal market include Verifone Systems (U.S.), Ingenico S.A. (France), HP Company (U.S), PAX Technology (Hong Kong), Elavon (U.S.), Cisco Systems (U.S), Newland Payment Technology (China), Castles Technology (Taiwan), CITIXSYS AMERICAS (U.S.), Panasonic Corporation (Japan), NCR Corporation (U.S.), Touchbistro (Canada), Zebra Technologies (U.S.), Diebold Nixdorf (U.S.), BBPOS (Hong Kong), and Squirrel Systems (Canada).

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