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Retail POS Terminals Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2030

Global Retail Point of Sale (POS) Terminals Market Report By Product (Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks), By Component (Hardware, Software, Service), By Industry (Entertainment, Hospitality, Retail, Healthcare, e-Commerce), By Region, Market Size, Industry Dynamics, Opportunity Forecasts, 2022-2030

  • Published On: 09-Sep-2022  |  Format: pdfpowerpointexcel  |  Report ID: AA0922296
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Retail POS Terminals Market

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FREQUENTLY ASKED QUESTIONS

Fixed POS Terminal, Portable POS Terminal, and Self-Service Kiosks are the type of POS terminals available in the market.

Increasing need for better centralized management of stores and Rapid shift towards online sales card payment transactions among retailers and customers are few factors that fuels the POS market growth.

Technological challenges and security concerns of using POS terminal are the factors that restraint the growth of the POS market.

Walmart, Amazon.com, The Kroger Co., The Home Depot, Costco Wholesale, Walgreens Boots Alliance, Target, CVS Health Corporation, Lowe's Companies, and Albertsons Companies are some of the top retails in the market.

According to the research report, consumers are adopting more portable POS terminals as compared to fixed and self-service kiosks. 

Omnichannel retail software completely revolutionizing the customer shopping experience. It has enabled retailers to connect inventory and sales between their brick-and-mortar store locations, brand website, and third-party marketplaces.

A cloud POS system may cost US$ 300 to US$ 3,000 and a legacy POS may cost on an average US$ 10,000 to US$ 15,000. 

Verifone, Ingenico, BBPOS, PAX, First Data, and BBPOS are some of the major players in the market.

China is taking rapid initiatives to promote cashless economy. China’s digital yuan trials saw US$ 8.3 billion of the country’s payments market in the past six months and US$ 13.68 billion in the past two years.

In the US, there will be 131,470 small, specialized retail stores in 2021. Between 2016 and 2021, the number of small, specialized retailers decreased by an average of 0.8% year.