Retail POS Terminals Market By Product (Fixed POS Terminals, Wireless Or Mobile POS Terminals), By Component (Hardware, Software), By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores And Mass Merchandisers) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Growing preference for wireless or mobile POS terminals is identified as the major factor driving the retail POS terminals market. Mobile POS terminals being portable are extremely easy to use and allow retailers to streamline their in-store processes.  In addition, changing payments landscape across the globe resulting in increased payments through debit and credit cards (cashless) is another factor fueling market momentum. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 12.8% during the forecast period 2016 – 2023.

Retail POS Terminals Market

Report Scope

This report analyzes the global retail POS Terminals market in terms of product component, application, and geography. On the basis of product type, the market is segmented into fixed POS terminals, mobile and wireless POS terminals. Similarly, on the basis of application, the market for retail POS Terminals is further classified into superstores, hyperstores, specialty stores, grocery stores & mass merchandisers, and gas stations among others. The geographical distribution of the global retail POS terminals market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 Retail POS Terminals Market

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Retail POS Terminals Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global retail POS terminals market.

Target Audience

  • Industry Investors
  • POS Terminal Hardware Providers/Vendors
  • POS Terminal Software Providers
  • SMBs and Micro-merchants
  • Other End-users

USP and Key Offerings

The report titled “Global Retail POS Terminals Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global retail POS Terminals market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, types, component, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading retail POS terminal solution providers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the retail POS terminals market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global retail POS Terminals market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

With the advancements in technology, POS terminals have witnessed significant acceptance across multiple retail store segments including supermarkets, hypermarkets, grocery shops, mass merchandisers, specialty store, and gas stations among others. Thus, on the basis of application (store types), the global retail POS Terminals market is categorized into following segments:

  • Supermarkets
  • Hypermarkets
  • Grocery Shops and Mass Merchandisers
  • Specialty Stores
  • Gas Stations
  • Others (Drug stores, etc.)

The contribution of these application segments to the global retail POS Terminals market in 2015 and 2023 is as shown in the figure below

Retail POS Terminals Market

As of 2015, the global retail POS Terminals market was led by the supermarkets segment. The segment accounted for over 38 percent of the global retail POS terminals market revenue in the same year and is expected to exhibit steady growth during the forecast period 2016 - 2023. The trend is expected to continue with the segment holding on to its leading position during the forecast period. The expanding supermarket chains, especially in the tier-3 and tier-2 cities, are expected to drive demand for new POS terminal installations.

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

  • POS Terminal Hardware
  • POS Terminal Software

Their contribution to the global retail POS (Point of Sale) terminals market in 2015 and 2023 is shown in the figure below

 Retail POS Terminals Market

As of 2014, the hardware segment comprising POS Monitor (Touch Screen/Desktop/Laptop), Barcode Scanner (Handheld/Tabletop), and card readers among others accounted for the majority of retail POS terminals market revenue share. However, the hardware segment is forecast to witness decline in the revenue share with the emergence of cloud-based solutions. Several established retailers including Apple, Nordstrom, Home Depot, and Gucci among others have shown willingness to embrace SaaS (Software-as-a-Service)-base solutions in view of being able to store and access significant amount of customer related information remotely. This recent shift towards cloud-based solutions is expected to favor POS terminal software business, driving the overall POS terminals market across retail applications.

On the basis of geography, the global retail POS (Point of Sale) Terminals market is segmented into following regions and countries.

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global retail POS Terminals market in 2014 is as shown in the figure below

 Retail POS Terminals Market

As of 2014, North America comprising the United States and Canada was the largest retail POS Terminals market worldwide followed by Asia Pacific and Europe. The region accounted for over one-fourth of the global retail POS terminals market revenue in the same year. The region is expected to exhibit steady growth during the forecast period led by regulated demand from established retail chains like Walmart and Target. However, Asia Pacific is expected to witness maximum growth, surpassing North America to become the major POS terminals market for retail applications during the forecast period. The anticipated growth is presumed to be driven by expanding retail chains and growing trend towards organized retailing in the region.

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Published Date:  Jun 2016
Category:  Semiconductor & Electronics
Report ID:   57961
Report Format:   PDF
Pages:   120
Rating:    4.5 (65)
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