Research Nester published a report titled “Point of Sale (POS) Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalpoint of sale (POS) market in terms of market segmentation by component, type, deployment mode, end-user industry, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global point of sale (POS) market is estimated to occupy a sizeable amount of revenue by recording a CAGR of ~9% during the forecast period, i.e., 2022 – 2030, owing to the growing number of financial frauds and identity thefts around the world, and increasing government initiatives for securing payment-based transactions. Apart from these, escalating requirement for contactless payment options, and rising progress of e-commerce industry globally are also expected to drive market growth in the upcoming years.
The market is segmented by component, type, deployment type and end-user industry. Based on type, the fixed segment is anticipated to grab the largest market share during the forecast period on the back of the surge in emphasis on fixed POS among full and quick service restaurant franchises. Additionally, by end-user industry, the retail segment is projected to gather the largest share over the forecast period ascribing to the fact that retail industry has shifted from brick-and-mortar stores to social media and e-commerce retailing.
Geographically, the global point of sale (POS) market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the high implementation of POS software across various industries in the region. Moreover, Asia Pacific is predicted to register noteworthy market growth over the forecast period ascribing to the rising number of small-and-medium-sized businesses in the region.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Increasing Number of Financial Frauds Worldwide to Boost Market Growth
The Insurance Information Institute stated that in 2019, 1.4 million complaints were filed for identity theft in the United States alone, up from 651,000. Of all the complaints received by the Federal Trade Commission, identity thefts accounted for 29 percent.
Over the last few years, the total number of incidences of identity theft and financial fraud has witnessed a notable hike. This has led to the increased interest of people in non-cash transactions on account of the flexibility, better money management and enhanced scrutinization of business operations, which in turn is predicted to drive market growth in the upcoming years.
However, data security threats associated with the use of POS is expected to operate as key restraint to the growth of the global point of sale (POS) market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global point of sale (POS) market which includes company profiling of Infor Inc., Samsung Electronics Inc., Seiko Epson Corporation, Hewlett Packard Enterprise, NCR Corporation, Square Inc., Clover Network, Inc., Toast Inc., Oracle Corporation, Ingenico SA, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global point of sale (POS) market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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