The retail POS terminals market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.

The retail POS terminals market is expected to gain significant growth impetus in coming years owing to the rising adoption of digital payment technologies in the retail sector. The growing trend of cashless transactions amongst government organizations is further expected to drive the demand for POS terminals. The industry is recording a rising demand for point of sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions. This equipment further enables fast transactions, thereby eliminating the issue of long customer queues seen at payment counters. The convenience they bring to customers and retailers will drive the demand for POS terminals in the retail sector.

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In terms of the product spectrum, the mobile retail POS terminals segment is expected to garner significant interest from the retail sector, owing to ease of use and portability, among other benefits. mPOS systems are compact and portable and allow for seamless digital and contactless payments through the integration of technologies such as NFC and Bluetooth.

These retail point of sale solutions deliver myriad advantages such as paper-free receipting, easy accessibility, reduced shopping times, and free floor space, among others. Furthermore, rising popularity of wireless technologies and decreasing mobile device costs have boosted demand for mPOS solutions across several retail stores.

mPOS systems are gaining tremendous traction in convenience stores over the years. This is attributed mainly to the flexibility, convenience and low costs delivered by these systems. Inventory management, custom reporting, employee management & scheduling, and other features aid retailers in monitoring and streamlining their business operations.

This in turn has led to several convenience retail stores adopting advanced payment services for better customer engagement. For instance, in 2017, US-based convenience store chain 7-Eleven installed mPOS terminals developed by the NEC Corporation, in over 8.600 stores across Canada and the United States.

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On the geographical front, Asia-Pacific retail POS terminals market is likely to exhibit substantial growth over the forthcoming time period owing to the presence of a widespread customer base in countries like Malaysia, Indonesia, China, and India. This has further encouraged international retail operators to expand their presence in the region through strategic means such as acquisition of local industry players. Citing an instance, Walmart, Inc, a renowned retail company, in May 2018, reportedly acquired Flipkart, one of the leading e-commerce company in India for approximately $16 billion. The acquisition effectively helped the firm to expand its presence in the fast-growing retail market in India.

Major Key Points from Table of Content:

Chapter 6.    Retail POS Terminals Market, By Component

6.1.    Key trends by component

6.2.    Hardware

6.2.1.    Retail POS terminals market estimates and forecast, 2016 – 2026

6.3.    Software

6.3.1.    Market estimates and forecast, 2016 - 2026

6.4.    Services

6.4.1.    Market estimates and forecast, 2016 – 2026

6.4.2.    Professional services

6.4.2.1.    Market estimates and forecast, 2016 – 2026

6.4.3.    Support & maintenance services

6.4.3.1.    Market estimates and forecast, 2016 – 2026

6.4.4.    Training services

6.4.4.1.    Market estimates and forecast, 2016 – 2026

Chapter 7.    Retail POS Terminals Market, By Application

7.1.    Key trends, by application

7.2.    Department stores

7.2.1.    Retail POS terminals market estimates and forecast, 2016 - 2026

7.3.    Supermarkets/hypermarkets

7.3.1.    Market estimates and forecast, 2016 - 2026

7.4.    Warehouses

7.4.1.    Market estimates and forecast, 2016 - 2026

7.5.    Convenience stores

7.5.1.    Market estimates and forecast, 2016 - 2026

7.6.    Discount stores

7.6.1.    Market estimates and forecast, 2016 - 2026

7.7.    Specialty stores

7.7.1.    Market estimates and forecast, 2016 – 2026

7.8.    Other stores

7.8.1.    Market estimates and forecast, 2016 - 2026

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