Point Of Sale (POS) Terminals Market By Product (Fixed POS Terminals, Mobile POS Terminals), By Component (Hardware, Software), By End-Use (Restaurants, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

The Point of Sale (POS) terminal market has witnessed a dramatic turn-around and development with the advancement in technology and growth of POS terminal solutions. The POS terminals are slowly and steadily migrating towards digital format, with e-mailed receipts and electronic signature capture enabling paper free transactions. Increased adoption of credit and debit cards coupled with the escalating demand for POS terminals is driving the overall POS terminals market.

In addition, advancements in payment technologies and move towards EMV (Europay, MasterCard, Visa) chip card payment is expected to fuel market momentum in the coming years. These factors are cumulatively expected to contribute towards a compounded annual growth rate (CAGR) of 12.9% during 2015 – 2022. In recent years, the POS terminals market had been plagued by privacy and security concerns related to data breaches.

However, migration of the global payments industry towards more secure chip card technology is expected to subdue the impact of this challenge during the forecast period. The Point-of-Sale terminals market was valued at US$ 40.20 Bn in 2014, and is expected to reach US$ 103.20 Bn by 2022, expanding at a CAGR of 12.9% from 2015 to 2022.

Purpose of the Report
The purpose of this strategic research study titled “Global POS Terminals Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to provide company executives, industry investors, and industry participants with in-depth insights to enable them make informed strategic decisions regarding the opportunities in the global Point-of-Sale (POS) terminals market.

Target Audience

• Industry Investors
• POS Terminal Hardware Providers/Vendors
• POS Terminal Software Providers
• SMBs and Micro-merchants
• Other End-users
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USP and Key Offerings
The report titled “Global Point of Sale (POS) Terminals Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global POS terminals market along with the market size and estimates for the duration 2015 to 2022. The said research study covers in-depth analysis of multiple market segments based on product type, component, end-users, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading POS terminal vendors (both hardware and software), their expansion strategies, market positioning, and latest developments. Other in-depth analyses provided in the report include:

• Current and future market trends to justify the forthcoming attractive markets within POS terminal industry
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis
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Overall, the research study provides a holistic view of the global POS terminal market, of growth, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

End-use Segmentation Analysis
On the basis of end-use, the Point of Sale (POS) terminals market is categorized into following categories:

• Restaurants (Quick Serve Restaurants, Bars, Food Chains, etc.)
• Hospitality (Lodging Establishments, Hotels, Motels, etc.)
• Healthcare
• Retail
• Warehousing/Distribution
• Entertainment
• Others (Field Services, Government, Transportation, etc.)

Retail was the predominant end-use segment in the global Point of Sale (POS) terminals market, accounting for around one third of the global market revenue in 2014. It is expected to retain its dominant position during the forecast period 2015 - 2022. Growing preference for mobile Point of Sale (mPOS) solutions is expected to drive the replacement demand across the retail sector. Furthermore, healthcare is slated to offer healthy growth opportunity, expanding at a CAGR of 16.1% during the forecast period. The demand for Point of Sale (POS) terminals in the healthcare segment is anticipated to be driven by the growing need for streamlining payment practices across the healthcare industry.

Based on component type, the global Point of Sale (POS) terminals market is segmented into following categories

• Point of Sale (POS) Terminal Hardware
• Point of Sale (POS) Terminal Software

Their contribution to the global Point of Sale terminals market in 2014 is as shown in the figure below

In 2014, the hardware components including tablets (generally an iPad), smartphone paired with a credit/debit card reader, complex terminal including monitor, barcode scanners, cash drawers, credit and debit card scanner, mouse, keyboard, and printer accounted for majority of the market revenue share. Although hardware segment is expected to remain the largest revenue contributor to the global POS terminals market, software segment is expected to witness comparatively higher growth over the forecast period 2015 -2022. The growth can be attributed to the advancements in cloud computing, resulting in increased use of software as a service (SaaS) platform-based POS systems.

On the basis of geography, the global Point of Sale (POS) terminals market is segmented into following categories,

• North America
  • U.S.
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • Indian Subcontinent
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East and Africa

Their contribution to the global Point of Sale (POS) terminals market in 2014 is as shown in the figure below

In 2014, North America was the largest Point of Sale (POS) terminals market, accounting for over 30 percent of the global market revenue. The region has ensured the leading market position owing to the regulated demand from established retail chains and entertainment sector. However, Asia Pacific and Rest of World (RoW) are expected to exhibit comparatively superior growth during the forecast period 2015 - 2022 on account of expanding retail chains, quick serve restaurant chains, and hospitality establishments in these regions. India, China, and Brazil are poised to offer immense growth opportunities over the forecast period 2015 – 2022.

A Point-of-Sale (POS) is an automated substitute for a cash register with the ability to track and record customer orders, process debit and credit cards, connect to other systems in network, and manage inventory across geographically dispersed locations. A Point of Sale terminal is generally connected via extremely reliable wired connections and require fast dial up time, low power, and reliable performance.

The first POS system was rolled out by IBM in 1970s. Back then, POS systems had no real processing capability of their own and had to depend on the mainframe controller. While most retail establishments across the globe were using old fashioned cash registers, the Pathmark supermarkets in New Jersey and New York, and the Dillard’s department stores in California became the early adopters of POS systems. However, the first capable POS system was actually developed by a restaurateur named Gene Moshel in New York and is also credited for following POS terminals related developments 

• Order-entry POS software on a desktop
• Development of the first remote printing in the kitchen in 1979
• Development of the first color-graphical user interface (GUI) and touch screen in POS in 1986
• Development of the first color-graphical user interface (GUI) and touch screen in POS for UNIX in 1995
• Development of the first color-graphical user interface (GUI) and touch screen in POS for Linux in 1997
• Development of the first color-graphical user interface (GUI) and touch screen in POS for FreeBSD in 1998
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The POS terminal industry in recent years has witnessed a dramatic turn-around and development with the advancement in technology and growth of mobile POS terminal solutions. The POS terminals are slowly and steadily migrating towards a digital format, with e-mailed receipts and electronic signature capture enabling paper free transactions. Earlier when POS systems were positioned as only a sales processing devices, there laid little opportunity to add value beyond the basic system. 

However today’s advanced POS systems are capable of handling a wide range of payment options such as digital payments and are able to play a crucial role not just in boosting sales but also in pricing, marketing, inventory control, property management, customer service, security, and digital signage among others. The introduction of chip-embedded payment solutions and personal identification number (PIN) is expected to minimize security concerns pertaining to data theft, further expanding the POS terminals demand.

Today, there are large numbers of software vendors developing software for POS systems. With the advent mobile terminals and cloud computing, software-as-a-service based POS systems capable of being accessed directly from the Internet are witnessing robust growth. The POS industry continues to grow as businesses across the globe increasingly realize the value to be gained by deploying the advanced POS systems. Low upfront and installation cost and availability of leasing options in most cases is expected to sustain healthy growth in the coming years. These dramatic changes in the POS industry and capabilities of systems have had a huge impact on how POS vendors work with their customers.