Global Retail Pos Terminals Market to Witness Steady Growth by 2023: Credence Research

According to a new market report published by Credence Research, Inc. “Global Retail POS Terminals Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass Merchandisers, and Gas Stations among others) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023”, the global retail POS terminals market is expected to witness a steady growth, expanding at a CAGR of 12.8% from 2016 to 2023.

Browse the Global Retail POS Terminals (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass Merchandisers, and Gas Stations among others) Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/retail-pos-terminals-market

Market Insights

A Point of Sale terminal is an electronic device that accepts card payments from customers at a point of purchase. Some of the major functions performed by a POS terminal in a retail store include maintaining customer record, data backup, fast bill processing, inventory tracking, managing loyalty program, and offering special discounts among others. These functions enable retailers to ensure operational efficiency and streamline workflow, thereby boosting sales and profits. POS terminals offer higher durability and reliability over their traditional counterparts like cash registers, and hence have started replacing them in both small as well as medium sized retail stores. The demand in the retail sector is also driven by the escalating demand for mobile POS solutions.

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Competitive Insights:

The global retail POS terminals/systems market...