Press Release / Technology / POS Terminals Market Research Report 2024 - By Type, By Application, By Technology

POS Terminals Market Research Report 2024 - By Type, By Application, By Technology

The Europe POS terminals market is witnessing a high growth due to the adoption of several government regulations that are developed to support the advanced technologies for enhancing the security of the transactions & customer details. For instance, security guidelines are being developed for the adoption of EMV-enabled transaction processing in the industries. The companies installing such technologies need to follow guidelines that are developed by the regulatory bodies. Moreover, the strong presence of major players, which are engaged in offering innovative solutions to the customers is a major factor accelerating the market growth.

Request For Sample Copy Of This Report @ https://www.gminsights.com/request-sample/detail/390

A rapid increase in the application areas of the point-of-sale systems for inventory management, payments, printing bills, and managing customers will accelerate POS terminals market growth. Moreover, the growing demand for effective warehouse management solutions to keep track of productivity and profitability in business operations is encouraging several end-use verticals to install such systems. The manufacturers are developing inventory management solutions that perform several functions such as instant automated stock control, intelligent ordering, multichannel management, and flexible customer service. Software solutions are being developed to provide users with effective platforms to record sales transactions, manage customer details, provide flexible payment platforms, and report the availability of stock materials. Such factors are positively impacting the market growth.

Browse Complete Report: https://www.gminsights.com/industry-analysis/point-of-sale-pos-terminals-market

In 2017, fixed terminals accounted for around 75% of the overall shipments in POS terminals market and are witnessing a high adoption. These terminals process payments using PIN and chip and are also equipped for swipe and sign payments. A high adoption of these systems in brick & mortar retail outlets and restaurants to serve customers effectively is providing an impetus to the market growth. Moreover, the manufacturers are integrating several advanced solutions into these systems such as EMV card reader, barcode scanner, and RFID reader, to enhance the features and functionality of terminals.

The restaurant point of sale terminals market is projected to witness a high adoption of these systems and is anticipated to expand at a CAGR of around 16% over the forecast timespan. Several restaurant owners in the U.S. have started using systems such as tablets and digital kiosks to display menu, place orders, and for receiving payments, helping them to increase the operational efficiency and enhance the customer experience. Moreover, companies including Square, Inc. and Sr. Pago have developed systems that convert smartphone or tablet to a mPOS terminal and accept card payments. The adoption of such terminals is increasingly being witnessed across several restaurants as they are cheaper and more user-friendly, thereby driving the market demand.

Make An Inquiry For Purchasing This Report https://www.gminsights.com/inquiry-before-buying/390

Key players in the point of sale terminals market are Diebold Nixdorf, Toshiba Corporation, NEC Corporation, Panasonic Corporation, VeriFone Systems, Inc., NCR Corporation, Micros Systems, Inc., Ingenico Group, BITEL Co., PAR Technology Corporation, PAX Technology, Inc., and POSIFLEX Technology, among others. These players are competing in the market by expanding their business operations globally and developing innovative solutions that are incorporated with advanced technologies such as EMV and NFC. Certifications and compliances must meet the terms set by government & telecom companies. This has led most of the retailers to change to new POS systems from their current POS systems, helping them comply with the certifications and compliances.


About Global Market Insights:

Global Market Insights, Inc., Headquartered In Delaware, U.S., Is A Global Market Research And Consulting Service Provider; Offering Syndicated And Custom Research Reports Along With Growth Consulting Services. Our Business Intelligence And Industry Research Reports Offer Clients With Penetrative Insights And Actionable Market Data Specially Designed And Presented To Aid Strategic Decision Making. These Exhaustive Reports Are Designed Via A Proprietary Research Methodology And Are Available For Key Industries Such As Chemicals, Advanced Materials, Technology, Renewable Energy And Biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: Sales@Gminsights.Com
Web: Https://Www.Gminsights.Com