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Global POS Market in Hospitality Industry 2010-2014

Description:
TechNavio’s analysts forecast that the Global POS Market in Hospitality Industry will reach $15.5 billion in 2014. One of the key factors contributing to this market growth is growing need for better business intelligence. The POS market in Hospitality industry has also been witnessing increasing need for mobile POS terminals. However threat from local players and open source of POS software could be a challenge to the growth of this market.

Key vendors dominating this market space include MICROS Systems, Radiant Systems, NCR Corporation and PAR Technology Corporation.

TechNavio’s Global POS Market in Hospitality Industry 2010- 2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA, APAC and covers the POS market in Hospitality industry and its growth prospects.

Key questions answered in this report:

- What will the market size be in 2014 and at what rate will it grow?
- What key trends is this market subject to?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the opportunities and threats faced by each of these key vendors?
- What are the strengths and weaknesses of each of these key vendors?


Contents:
01. Executive Summary
02. Introduction
03. Market Landscape
04. Vendor Landscape
05. Market Growth Drivers
06. Market Challenges
07. Market Trends
08. Key Vendor Analysis
08.1 Micros Systems
08.2 Radiant Systems
08.3 NCR
08.4 PAR Technology Corporation
09. Other Reports in this Series

List of Exhibits
Exhibit 1: Market size of Global POS Market in Hospitality Industry 2010-2014 ($ billion)
Exhibit 2: Market Share by Geographical Segmentation
Exhibit 3: Market Share of Key Vendors

Contents:
Increasing Adoption of Smart Cards is Driving the Adoption of POS in Hospitality Industry

Research conducted by Technavio reveals, that the global POS market in hospitality industry is expected to grow at a CAGR of 14 percent. The report, which focuses on Americas, EMEA and APAC indicates, that the market is currently driven by the increasing adoption of smart cards.

“Consumers are increasingly using smart cards for payments as they offer an easy, secure and convenient payment process. As a result, different outlets around the globe are upgrading or replacing their existing electronic payment terminals and making them smart card and EMV compliant. Further, the introduction of prepaid cards and gift coupons in the hospitality sector has also provided a further boost to the market,” reports Technavio analyst.

The global POS market in hospitality industry is marked by increased deployment of green POS solutions. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.

The report, Global POS Market in Hospitality Industry 2010-2014 is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.

Companies mentioned in this report include: MICROS Systems, Radiant Systems, NCR Corporation and PAR Technology Corporation.
Companies Mentioned
Micros Systems
Radiant Systems
NCR
PAR Technology Corporation
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