Global Point of Sale (Pos) Terminals Market Size Worth Usd 103 Billion by 2023.

Point of Sale (POS) Terminals Market size is expected to exceed USD 100 billion from 2016 to 2023. Global market Insights Inc. has announced an addition of a new study based report. The report analyzes the Global POS terminal industry with various perspectives and features regional, application based and competitive insights with future estimations for the projected time frame. The report focuses on key factors that impact the market growth including drivers, impediments, opportunities and challenges. The report projects shipments to witness significant growth with a growing CAGR of 18% by 2023. Rising expenditure in line busting technology is likely to influence the industry growth positively.

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The industry experienced strong gains attributed to the rapid advancements in various technologies and significant growth of POS terminal solutions. Rising demand for NFC devices and integrated systems in the industrial ecosystem is likely to further the market growth. Furthermore, increasing demand for applications in SMBs is anticipated to propel growth. In addition to this, rise in reasonably priced wireless communication technologies has opened new avenues in the market.

Retail POS terminals market size is predicted to hit USD 30 billion during expected period. The advent of mobile wallet technologies is expected to penetrate retail oriented products from 2015 to 2023. Healthcare applications are anticipated to witness growth over 13.9% CAGR in near future.

Mobile POS terminals are implemented for superior mobility and enhanced user experience. The market share for this product is expected to grow at 19% CAGR during the projected time frame. Hardware is likely to continue its dominance in Point of Sale (POS) terminals market share in the near future with projected share over 85% during the predicted period. Software segment is expected to witness growth attributed to surge in retail and hospitality businesses. Biometric...