The newly released research at Market Study Report titled “2018-2023 Global Point of Sale System Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.
The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant would calculate the amount owed by the customer and indicate the amount and may prepare an invoice for the customer (which may be a cash register printout), and indicate the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed, but is increasingly being dispensed with or sent electronically.
This report presents a comprehensive overview, market shares, and growth opportunities of Point of Sale System Market by product type, application, key manufacturers and key regions. Over the next five years, (Information) projects that Point of Sale (POS) System will register a 15.7% CAGR in terms of revenue, reach US$ 15300 million by 2023, from US$ 6410 million in 2017.
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In recent years, the demand for electronic payment has been growing and the demand of faster speed of payment has been growing as well. This trend has made the demand of Mobile POS Systems become larger and this trend can be anticipated to fuel the market growth during the forecast period.
This industry is affected by the economy and policy, so it?s important to put an eye to economic indexes and leaders? prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of POS System starch will increase.
We tend to believe this industry now is close to mature, and the demand increasing degree will show a smooth curve. On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Ingenico, Verifone, Newland Payment, PAX, LIANDI, Xin Guo Du, Centerm, Bitel, New POS Tech, Castles Tech, SZZT, CyberNet.
Segmentation by product type:
• Fixed POS System
• Wireless POS System
Segmentation by application:
• Other Industry
To study and analyze the global Point of Sale System consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Point of Sale System market by identifying its various subsegments.
Focuses on the key global Point of Sale System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Point of Sale System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Point of Sale System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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