SAN FRANCISCO, January 19, 2015 /PRNewswire/ --
New Market Research Reports Title Global Point of Sale (POS) Terminals Market Analysis, Size And Segment Forecasts To 2020 Has Been Added to GrandViewReseach.com Report Database
Growing adoption of near-field communication (NFC) technology for payments coupled with cloud computing development is estimated to drive POS terminals market growth, according to a new study by Grand View Research, Inc. Ease of use and improved return on investment (ROI) offered by these systems has favorably impacted the market. Increased demand for mobile POS (mPOS) terminals such as smart card EFT (Electronic Funds Transfer) is also estimated to drive the market.
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For more information, tables and figures, visit - http://www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market
Security concerns on account of potential data breaches may restrain global market growth. Introduction of personal identification pin (PIN) and embedded payment cards is expected to mitigate sensitive data theft issues. Primary solution providers have been emphasizing on integration of traditional POS systems with capabilities such as security, digital signage, pricing and inventory in order to increase their presence in the market. This is expected to significantly contribute to POS terminals market growth. Increasing mPOS solutions adoption by small and medium businesses (SMBs) is expected to present growth opportunities to market participants.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the global POS terminals market on the basis of product, component, application and region:
POS Terminals Product Outlook (Revenue, USD Billion, 2012 - 2020)
• Fixed POS Terminals
• Mobile POS Terminals
POS Terminals Component Outlook (Revenue, USD Billion, 2012 - 2020)
• Hardware
• Software
POS Terminals Application Outlook (Revenue, USD Billion, 2012 - 2020)
• Retail
• Hospitality
• Healthcare
• Warehouse
• Entertainment
• Others
POS Terminals Regional Outlook (Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• Asia Pacific
• RoW
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About Grand View Research
Grand View Research, Inc. is a market research and consulting company that provides off-the-shelf, customized research reports and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and energy. With a deep-seated understanding of varied business environments, Grand View Research provides strategic objective insights.
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