POS Terminal Market is Expected to Surpass a Valuation of US$ 73.7 Bn by the End… – Press Release

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DUBAI, United Arab Emirates, May 18, 2022 (GLOBE NEWSWIRE) — According to the POS terminal industry analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 9.4% from 2022-2032. 

The report also forecasts that the market will surpass a valuation of ~US$ 73.7 Bn by the end of 2022. As per FMI, growing demand for the Near-Field Communication (NFC) technologies has positively increased the demand for POS terminals systems. POS terminal systems have become significant in process of payments and making business tasks automated.  

The use of wireless POS terminal devices helps streamlining payment processes and gives staff the flexibility to conduct transactions anywhere. However, challenges involved in the cashless payments include digital literacy, affordable gadgets, low trust in mobile wallets, and fraud risk.   

Healthcare, retail, and restaurants, are the primary sectors using POS terminal devices to manage payments easily. Due to the digital transformation, the POS terminal is transforming the market gradually. Moreover, instant receipts, convenience to use, going cashless, fewer chances of transaction failures or cancellations are the major advantages of POS terminal from customer’s standpoint. 

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List of Key Players Covered in POS Terminal Market are:

  • Cisco Systems, Inc
  • Emerge Mobile (Pty) Ltd.
  • Equinox Payments, LLC
  • Hewlett-Packard Development Company L.P.
  • Ingenico S.A.
  • iVeri Payment Technologies (Pty) Ltd
  • Micros Systems, Inc.
  • Miura Systems Ltd.
  • NCE Corporation
  • NCR Corporation
  • Panasonic Corporation
  • PAX Technology Ltd.
  • Samsung Electronics Co., Ltd.
  • Toshiba Corporation
  • Vectron Systems
  • VeriFone Systems, Inc.
  • Wincor Nixdorf International
  • Yoco Technologies (Pty) Ltd

Key Takeaways: POS Terminal Market  

  • By component, POS terminal devices segment is anticipated to account for the leading share of 61.0% in the global demand for POS terminal in…

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