Overview:

The Point of Sale (POS) system is operated through POS software, which should also be compatible with the hardware used in the system. The POS software is developed with respect to specific industry verticals, which would facilitate to serve and record a huge amount of online transaction information.

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In retail, POS software facilitates the data to provide scalability with respect to identifying the products of different date ranges or units. The POS system is also integrated with inventory management system in the process to manage the proper availability of the products. In general, POS terminal offers flexibility, reliability, and more importantly transparency for smooth running of the business operation.

However, most of POS systems are developed on generic operating systems such as Windows Embedded, Windows XP, and UNIX operating systems. These operating systems are vulnerable to cyber-attacks, which eventually lead to large-scale data breaches. Thus, lack of point to point encryption is considered to be a major challenge for the POS terminal market over the forecast period.

Segmentation:

The evaluation of the segments of the POS terminal market is conducted by component, product type, deployment, and end-user. On the basis of component, the POS terminal market is segmented into software, hardware, and services. The hardware segment of the POS terminal market is segmented into mobile devices such as smartphones and tablets synchronized with cash drawers, debit/credit card readers, monitors, and others. On the basis of services, the POS terminal market is segmented into professional services and managed services. Based on the deployment, the POS terminal market is segmented into on-cloud and on-premises. Based on the product, the POS terminal is segmented into a wireless POS terminal and fixed terminal. Based on the end-users, the POS terminal market is segmented into warehouse, retail, healthcare, hospitality, entertainment, restaurants, and others. Based on the regions, the Point Of Sale (Pos) Terminal Market is segmented into North America, Asia Pacific, Europe, and other regions of the world.

Regional Analysis:

The regional examination of the point of sale (POS) terminal market is segmented into North America, Asia Pacific, Europe, and other regions of the world. The North American region is recognized to show a momentous growth rate in the point of sale terminal market. Canada and The United States are principal nations in the region. This is owing to the progressive infrastructure in the region. The European region is also estimated to have a steady development in the market. France, The United Kingdom, and Germany are anticipated to be the foremost nations in the market due to developed markets in the region. The Asia Pacific region is particularly supposed to be the fastest mounting region in the point of sale terminal market through the forecast period. Japan, India, and China are the top countries in the point of sale terminal market. The influence of enlarged awareness campaigns by the government to encourage the cashless economy is expected to further the point of sale (POS) terminal market in the forecast period.

Key Players:

Market Research Future identifies some of the key players of POS Terminal market are Ingenico S.A. (France), Verifone Systems (U.S.), PAX Technology (Hong Kong), HP Company (U.S), Cisco Systems (U.S), Elavon (U.S.), Castles Technology (Taiwan), Newland Payment Technology (China), Panasonic Corporation (Japan), CITIXSYS AMERICAS (U.S.). Touchbistro (Canada), NCR Corporation (U.S.), Diebold Nixdorf (U.S.), Zebra Technologies (U.S.), Squirrel Systems (Canada), and BBPOS (Hong Kong)..

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