Albany, New York, March 11, 2019: The need of a robust system which can generate and maintain inventory reports, transaction receipts and sales records in retail businesses such as convenience stores, gas stations, restaurants and retail stores has spiked in the recent years. Point-of-sale (POS) terminal is aimed at automating the checkout process, providing better experience for customers and offering swift services. Accordingly, the emergence of hardware and software to untether sales from long queues and lifting the burden off the shoulders of merchants of maintaining compliance with respect to payment industry has made POS terminal popular. Additionally, business analytics in the POS systems is also expected to boost the market.
These excerpts are according to the report titled, “Point-of-Sale (POS) Terminals Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been lately included in Market Research Reports Search Engine’s (MRRSE) ever-expanding repository.
POS terminal comes with inventory tracking and employee tracking making it better to comprehend sales quantity and who made the sale respectively, thereby making POS terminal an integral part of business. Accordingly, POS terminal has witnessed growing adoption in retail sector and healthcare industry.
In recent years, apart from wired/fixed POS terminal, the popularity of wireless POS terminal has surged. As the wireless handheld terminal allows successful transaction through debit and credit payments from any location, it is apt for restaurants and bars which have outdoor seating or lack counter space. Besides, use of wireless POS terminal in hospitality, Kiosks and self-service counters and home and services delivery has grown exponentially.
Point-of-Sale (POS) Terminals Market: Report Content
The report offers an up-to-date and comprehensive analysis on POS terminal market taking qualitative and quantitative assessment into consideration. The report also elucidates the dynamics of the market such as drivers, restraints, trend and opportunities which have significant impact in the growth of the market. The report peruses into the segregation of market to present a holistic picture of POS terminal.
The report encompasses comprehensive executive summary followed by market overview section. The market overview section includes market outlook delineating supply chain, distribution channel, namely. The report also focuses on value chain analysis and macro-economic factors. The report also encompasses mergers and acquisitions along with technological advancements that have significant influence in the development of the POS terminal market. The report also incorporates market structure analysis which throws light on market share analysis of leading players coupled market presence analysis of market players. Meanwhile, the report also reveals the technology roadmap of the POS terminal market.
The report also includes competitive scenario of the POS terminal market, including competition intensity mapping with respect to market taxonomy; competition dashboard and company profiles. The section, based on Porters’ Five Force Analysis, also sheds light on financials overview, strategies, product portfolio and recent developments.
Point-of-Sale (POS) Terminals Market: Research Methodology
Validation of the information in the report is done through primary sources, including in-person interactions, surveys, view of seasoned analyst, interviews and in-person interactions and insights of analyst coupled with secondary sources incorporating trade journals, verified paid sources, resourceful databases and trade journals. Absolute dollar opportunity analysis has also formed basis for the robust analysis of the report.
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