Global Point of Sale (POS) System Market Share, Size, Evolution Research, Technology, Opportunities, Competitive Landscape, Forecast by 2018-2023

Fri Oct 12, 2018 - 10:45am UTC

Over the next five years, Point of Sale (POS) System will register a 15.7% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 6410 million in 2017.

Manhattan, United States – October 12, 2018

Global Point of Sale (POS) System Market 2023:

The POS System industry is relatively concentrated, the top 12 manufactures accounting 84.47% global market share in 2017. The global market scale of POS System is about 62 million units in 2017. It is expected to reach 179 million units by 2023, with the CAGR of 19%. In the world wide, major manufactures mainly are Ingenico, Verifone, PAX, Newland Payment, LIANDI, Xin Guo Du, New POS Technology, Bitel, CyberNet, Castles Technology, SZZT and etc.

Asia-Pacific is the largest consumer of POS System and is expected to retain the higher growth rate during the next five years due to strong growth in electronic payment industry. China has witnessed a major chunk of the production and consumption of POS System in the Asia Pacific region. In 2017. China produced about 28.5 million POS Systems, accounting 45.8% of global market share.

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In recent years, the demand for electronic payment has been growing and the demand of faster speed of payment has been growing as well. This trend has made the demand of Mobile POS Systems become larger and this trend can be anticipated to fuel the market growth during the forecast period.
This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of POS System starch will increase.

We tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market.
The key players covered in this report:
Ingenico
Verifone
Newland Payment
PAX
LIANDI
Xin Guo Du
Centerm
Bitel
….Continued

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To calculate the market size, we consider value generated from the sales of the following segments:
Segmentation by Product Type:
Fixed POS System
Wireless POS System

Segmentation by Application:
Retail
Restaurant
Hospitality
Other Industry

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We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC

Over the next five years, Point of Sale (POS) System will register a 15.7% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 6410 million in 2017.

Despite the presence of competition problems, due to the increasing demand of leading-edge, effective products, investors are still optimistic about this area, the future will still have more new investment enter the field. In the next five years, the consumption volume will keep increasing, as well as the consumption value. This report presents a comprehensive overview, market shares and growth opportunities of Point of Sale (POS) System market by product type, application, key companies and key regions.

The Point Of Sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount, and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.

Research objectives
• To study and analyze the Global Point of Sale (POS) System market size by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
• To understand the structure of Point of Sale (POS) System market by identifying its various subsegments.
• Focuses on the key global Point of Sale (POS) System players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Point of Sale (POS) System with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Point of Sale (POS) System submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Major Points in TOC:
Chapter One: Scope of the Report
Chapter Two: Executive Summary
Chapter Three: Global Point of Sale (POS) System by Players
Chapter Four: Point of Sale (POS) System by Regions
Chapter Five: Americas
Chapter Six: APAC
Chapter Seven: Europe
Chapter Eight: Middle East & Africa
Chapter Nine: Market Drivers, Challenges and Trends
Chapter Ten: Global Point of Sale (POS) System Market Forecast
Chapter Eleven: Key Players Analysis
Chapter Twelve: Research Findings and Conclusion

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