Point of Sale (POS) Market - Global Outlook and Forecast 2018-2023

  • ID: 4433686
  • Report
  • Region: Global
  • 164 pages
  • Arizton
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FEATURED COMPANIES

  • Aisino
  • Bluebird
  • CyberNew
  • First Data
  • New POS Technology
  • Shenzhen Justtide
  • MORE

The time and location where a transaction is completed is called a point of sale. A POS system is computer hardware and software, which manage the transaction during the sale of a product or a service. It helps to capture, store, share, and report data related to the sales transaction. It automates the shopping experience and helps to expedite the checkout process, resulting in customer satisfaction. Timely inventory information, update about the stock, availability of product, and pricing information are major data which is acquired from the systems.

The global point of sale market is expected to cross $9.8 billion, growing significantly with a CAGR close to 12% during the period 2017-2023. The market is expected to increase in terms of volume and revenues.

Report Timeline:

  • Historic Year: 2015-2016
  • Base Year: 2017
  • Forecast Year: 2018-2023

The major vendors included in the report are as follows:

  • Ingenico
  • Fujian Newland Payment Technology
  • PAX Global Technology
  • Verifone Systems

Other prominent vendors mentioned in the report are BBPOS, Bitel, Castles Technology, Centerm, Dspread Technology, Hangzhou Sunyard, Nexgo (Shenzhen Xinguodu Technology), New POS Technology, Spire Payments, and SZZT Electronics.

First Data, CyberNew, Spectra Tech, Shenzhen Justtide, Aisino (Previous Vanstone), Yarus, Equinox Payments, and Bluebird are a few emerging vendors in the POS market.

Scope of the Report:

The report considers the present scenario of the global POS market and its strategic assessment for the period 2018-2023. It includes detailed discussion on growth drivers, trends, and restraints. The study also analyzes four leading vendors and ten other prominent vendors in the market.

The report provides an in-depth analysis of the global POS market. It considers the present scenario of the market and provides the market size, growth, trends, drivers, challenges, key geographies, and profiles major and emerging vendors.

This report provides the details of the market size from the following segments:

  • Revenue
  • Shipment

This market research report includes a detailed market segmentation of the market by the following segments:

Product Format Type

  • Fixed
  • Mobile (mPOS)

Compliance Type

  • EMV
  • Non EMV

NFC Technology Readiness Type

  • NFC-Ready
  • No NFC

End-user Type

  • Retail
  • Restaurant
  • Warehouse and distribution
  • Entertainment
  • Healthcare
  • Hospitality

Geography

  • APAC
  • EMEA
  • North America
  • Latin America
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Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • Aisino
  • Bluebird
  • CyberNew
  • First Data
  • New POS Technology
  • Shenzhen Justtide
  • MORE

1 Research Methodology

2 Research objectives

3 Research Process

4 Report Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of Study
4.3.1 Market Segmentation by Product Format Type
4.3.2 Market Segmentation by Compliance
4.3.3 Market Segmentation by NFC Technology
4.3.4 Market Segmentation by End-user Type
4.3.5 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.1.1 Inclusions
5.1.2 Exclusions
5.2 Currency Conversion rate
5.3 Market Derivation

6 Market at a Glance

7 Introduction
7.1 Overview
7.2 Fixed POS Systems
7.2.1 Traditional POS System
7.2.2 Web-based POS Systems
7.3 MPOS
7.4 MacroEconomic Factors Driving Market
7.4.1 Per Capita GDP in Developing Markets
7.4.2 Dual-income Households in Developed Markets
7.5 Advantages of Adopting POS Systems
7.6 UsE of POS Terminals: Case scenarios
7.6.1 Alfamart
7.6.2 Home Depot: Update to EMV-enabled POS Terminals

8 Cost of Ownership
8.1 Overview
8.1.1 More Efficient than PC-Enabled Cash Drawer System
8.1.2 Ownership Cost Reduction
8.2 Measures to Reduce tco of POS System
8.2.1 Manageability
8.2.2 POS Terminal Scalability
8.2.3 Energy Saving
8.2.4 Efficiency and Reliability
8.2.5 Headroom Computation

9 Product Life Cycle

10 Market Dynamics
10.1 Market Growth Enablers
10.1.1 Increased Digital Payments
10.1.2 Introduction of Mobile Payment Solutions
10.1.3 Penetration of EMV-compliant POS Terminals
10.1.4 High Demand from Healthcare and Retail Industry
10.1.5 Increased Demand from APAC
10.1.6 YOY Impact of Market Growth Enablers
10.1.7 YOY Impact of Market Growth Enablers on Geographies
10.2 Market Growth Restraint
10.2.1 Cash-driven Payment Systems in Many Countries
10.2.2 Stringent Government Regulations on Payment Processing Market
10.2.3 Need for Continual Support and Upgrades
10.2.4 Connectivity Issues
10.2.5 Risks Associated with mPOS Systems
10.2.6 Impact of Restraints on Global POS Market 2017-2023
10.2.7 YOY Impact of Market Growth Restraint
10.2.8 YOY Impact of Market Growth Restraint on Regions
10.3 Market Opportunities & Trends
10.3.1 Introduction of Cloud-based POS Systems
10.3.2 Growing Demand for Tablet POS Systems
10.3.3 Increasing M&As
10.3.4 Increasing Efforts to Combat POS Fraud
10.3.5 Increasing Demand for NFC-ready POS
10.3.6 YOY Impact of Market Opportunities & Trends
10.3.7 YOY Impact of Market Opportunities & Trends on Regions
10.3.8 Sensitivity Analysis of Key Market Trends and Opportunities

11 Value Chain Analysis
11.1 Overview
11.2 CiElo: Case Study
11.3 Stakeholders as Driving Forces
11.3.1 Government
11.3.2 Business Buyers
11.4 Value Chain Analysis
11.4.1 9.4.1 POS Hardware Manufacturers and Software Developers
11.4.2 POS Distributors
11.4.3 POS Value Added Resellers (VARs)
11.4.4 POS End-user

12 Global POS Market
12.1 market Overview
12.1.1 Historic Data 2015-2016
12.1.2 Market Size & Forecast
12.2 Porter’s Five Forces Analysis
12.2.1 Threat of New Entrants
12.2.2 Bargaining Power of Suppliers
12.2.3 Bargaining Power of Buyers
12.2.4 Threat of Substitutes
12.2.5 Competitive Rivalry

13 Market by Product Format
13.1 Market Overview
13.1.1 Market Size & Forecast

14 Market by Compliance
14.1.1 Market Size & Forecast

15 Market by NFC Technology
15.1.1 Market Size & Forecast

16 Market by End-users
16.1.1 Retail
16.1.2 Restaurant
16.1.3 Warehouse and Distribution
16.1.4 Entertainment
16.1.5 Healthcare
16.1.6 Hospitality

17 Geographical Segmentation
17.1 MARKET OVERVIEW

18 APAC: POS MARKET
18.1 Market Overview
18.1.1 Historic Data 2015-2016
18.1.2 Market Size & Forecast 2017-2023
18.2 Key Countries
18.3 Leading Trend, Enabler, and Restraint

19 Europe: POS MARKET
19.1 Market Overview
19.1.1 Historic Data 2015-2016
19.1.2 Market Size & Forecast 2017-2023
19.2 Key Countries
19.3 Leading Trend, Enabler, and Restraint

20 MEA: POS MARKET
20.1 Market Overview
20.1.1 Historic Data 2015-2016
20.1.2 Market Size & Forecast 2017-2023
20.2 Key Countries
20.3 Leading Trend, Enabler, and Restraint

21 Latin America: POS MARKET
21.1 Market Overview
21.1.1 Historic Data: 2015-2016
21.1.2 Market Size & Forecast 2017-2023
21.2 Key countries
21.3 Leading Trend, Enabler, and Restraint

22 North America: POS MARKET
22.1 Market Overview
22.1.1 Historic Data 2015-2016
22.1.2 Market Size & Forecast 2017-2023
22.2 Key Countries
22.3 Leading Trend, Enabler, and Restraint

23 Competitive Landscape
23.1 Market Overview
23.2 Market VENDOR Share Analysis
23.2.1 Overview
23.3 Market Structure and Mapping of Competition
23.3.1 Herfindahl-Hirschman Index

24 Key Company Profiles
24.1 Ingenico Group
24.1.1 Business Overview
24.1.2 Ingenico Group in POS Market
24.1.3 Major Product Offerings
24.1.4 Key Strategies
24.1.5 Key Strength
24.1.6 Key Opportunities
24.2 Fujian Newland Payment Technology
24.2.1 Business Overview
24.2.2 Fujian Newland Payment Technology in POS Market
24.2.3 Major Product Offerings
24.2.4 Key Strategies
24.2.5 Key Strengths
24.2.6 Key Opportunities
24.3 PAX Global Technology
24.3.1 Business Overview
24.3.2 PAX Global Technology in POS Market
24.3.3 Major Product Offerings
24.3.4 Key Strategies
24.3.5 Key Strengths
24.3.6 Key Opportunities
24.4 Verifone Systems
24.4.1 Business Overview
24.4.2 Verifone Systems in POS Market
24.4.3 Major Product Offerings
24.4.4 Key Strategies
24.4.5 Key Strengths
24.4.6 Key Opportunities

25 Other Prominent Companies
25.1 BBPOS
25.1.1 Company Overview
25.1.2 Product Offerings
25.1.3 Strength
25.1.4 Strategy
25.2 Bitel
25.2.1 Company Overview
25.2.2 Product Offerings
25.2.3 Strength
25.2.4 Strategy
25.3 Castles Technology
25.3.1 Company Overview
25.3.2 Product Offerings
25.3.3 Strength
25.3.4 Strategy
25.4 Centerm
25.4.1 Company Overview
25.4.2 Product Offerings
25.4.3 Strength
25.4.4 Strategy
25.5 Dspread Technology
25.5.1 Company Overview
25.5.2 Product Offerings
25.5.3 Strength
25.5.4 Strategy
25.6 Hangzhou Sunyard
25.6.1 Business Overview
25.6.2 Product Offerings
25.6.3 Strength
25.6.4 Strategy
25.7 Nexgo (Shenzhen Xinguodu Technology)
25.7.1 Company Overview
25.7.2 Product Offerings
25.7.3 Strength
25.7.4 Strategy
25.8 New POS Technology
25.8.1 Company Overview
25.8.2 Product Offerings
25.8.3 Strength
25.8.4 Strategy
25.9 Spire Payments
25.9.1 Company Overview
25.9.2 Product Offerings
25.9.3 Strength
25.9.4 Strategy
25.10 SZZT Electronics
25.10.1 Company Overview
25.10.2 Product Offerings
25.10.3 Strength
25.10.4 Strategy
25.11 Other Emerging Vendors Worth Mention

26 Report Summary
26.1 Key Takeaways
26.2 Strategic Recommendation
26.3 Qualitative Summary: Global POS Market
26.4 Quantitative Summary: Global POS Market

27 Appendix
27.1 List of Abbreviations
27.2 Contribution of Electronic Payment To world GDP

List of Exhibits:
Exhibit 1 Segmentation of POS Market
Exhibit 2 Market Size Calculation Approach 2017
Exhibit 3 Overview of POS Market
Exhibit 4 Dual-income Households in US (1970 vs. 2015)
Exhibit 5 Total Cost Saving per POS Terminal Adoption Annually (%)
Exhibit 6 Product Life Cycle of POS Market
Exhibit 7 Proportion of Mobile Payment Users by Geographies 2017
Exhibit 8 Account Ownership of People Aged 15+ in Various Regions 2015
Exhibit 9 Impact of Restraints on Global POS Market 2017-2023
Exhibit 10 Difference between Cloud-based and Traditional POS Systems
Exhibit 11 Steps to Combat POS Fraudulent Activities
Exhibit 12 Sensitivity Analysis of Key Market Trends 2017-2023
Exhibit 13 General Value Chain Analysis of POS Market in Compliance with Payment System
Exhibit 14 Global POS Market: Historic Data 2015-2016
Exhibit 15 Global POS Market 2017-2023 (million units)
Exhibit 16 Global POS Market 2017-2023 ($ billion)
Exhibit 17 CAGRs: Overall POS Market vis-à-vis mPOS Market 2017-2023
Exhibit 18 Global Urban and Rural Human Population 1950-2050 (million)
Exhibit 19 Increase in Women Workforce in Japan 1985 vs. 2014 (million)
Exhibit 20 Smartphone Penetration in North America, Western Europe, and APAC 2010-2022
Exhibit 21 Total GDP Contribution from Card Usage in Various Countries 2011-2015 ($ billion)
Exhibit 22 Five Forces Analysis 2017
Exhibit 23 Various Formats of POS Terminals
Exhibit 24 Global POS Market by Product Format Type 2017
Exhibit 25 Global POS Market by Product Type 2017-2023 (million units)
Exhibit 26 Growth Rates of Various Format Types (Unit Shipment) 2018-2023
Exhibit 27 Global Fixed POS Market 2017-2023 (million units)
Exhibit 28 Global Fixed POS Market 2017-2023 ($ billion)
Exhibit 29 Global mPOS Market 2017-2023 (million units)
Exhibit 30 Global mPOS Market 2017-2023 ($ billion)
Exhibit 31 Global POS Market by Compliance
Exhibit 32 Global POS Market by Compliance 2017
Exhibit 33 Global POS Market by NFC Technology
Exhibit 34 Global POS Market by NFC Technology 2017
Exhibit 35 Global POS Market by NFC Technology 2017-2023 (million units)
Exhibit 36 Global POS Market by NFC Technology 2017-2023 ($ billion)
Exhibit 37 Various End-users of POS Market
Exhibit 38 Global POS Market by End-users 2017
Exhibit 39 Global POS Market by End-users 2017-2023 (million units)
Exhibit 40 Global POS Market by Unit Shipment by Retail Chains 2017
Exhibit 41 Global POS Market by End-users 2017-2023 ($ billion)
Exhibit 42 Market Share of Geographies in POS Market 2017
Exhibit 43 CAGRs of Key Geographies 2017-2023
Exhibit 44 POS Market in APAC: Historic Data 2015-2016
Exhibit 45 POS Market in APAC 2017-2023 (million units)
Exhibit 46 Gross Domestic Savings of Key APAC Countries 2008-2014 (percentage of income)
Exhibit 47 Increase in Urban Population in APAC (Overall Population %) 2005-2045
Exhibit 48 POS Market in APAC 2017-2023 ($ billion)
Exhibit 49 Comparison of Southeast Asian Countries with Income Brackets 2010-2025
Exhibit 50 Urban Households in China: Income Breakup 2010-2020
Exhibit 51 POS Market in APAC by Key Countries 2017 (million units)
Exhibit 52 Proportion of POS Terminals per 100,000 Inhabitants in Select APAC Countries
Exhibit 53 POS Market in Europe: Historic Data 2015-2016
Exhibit 54 POS Market in Europe 2017-2023 (million units)
Exhibit 55 Changes in Per Capita Disposable Income in EU-27+1 Countries 2006-2015
Exhibit 56 Annual Saving Ratio of Western European Countries 2008-2017
Exhibit 57 Change in Annual Household Disposable Income in Europe 2008-2015 (%)
Exhibit 58 POS Market in Europe 2017-2023 ($ billion)
Exhibit 59 Installed Base of POS Terminals in Select European Countries 2016
Exhibit 60 Proportion of POS Terminals per 100,000 Inhabitants in Europe
Exhibit 61 Sales Tax on POS Terminal Import to European Country
Exhibit 62 POS Market in Europe by Key Countries 2017 (million units)
Exhibit 63 POS Market in MEA: Historical Data 2015-2016
Exhibit 64 POS Market in MEA 2017-2023 (million units)
Exhibit 65 POS Market in MEA 2017-2023 ($ billion)
Exhibit 66 POS Market in MEA by Key Countries 2017 (million units)
Exhibit 67 Proportion of POS Terminals per 100,000 Inhabitants in Select MEA Countries 2017
Exhibit 68 POS Market in Latin America: Historic Data 2015-2016
Exhibit 69 POS Market in Latin America 2017-2023 (million units)
Exhibit 70 POS Market in Latin America 2017-2023 ($ billion)
Exhibit 71 POS Market in Latin America by Key Countries 2017 (million units)
Exhibit 72 POS Terminals per 100,000 Inhabitants in Select Latin American Countries 2017 (%)
Exhibit 73 POS Market in North America: Historic Data 2015-2016
Exhibit 74 Annual Saving Ratio of US 2008-2017
Exhibit 75 POS Market in North America 2017-2023 (million units)
Exhibit 76 Change in US GDP Growth Rate (Q1 2006 - Q2 2016)
Exhibit 77 POS Market in North America 2017-2023 ($ billion)
Exhibit 78 Proportion of POS Terminals per 100,000 Inhabitants in Various Countries 2017
Exhibit 79 POS Market in North America by Key Countries 2017 (million units)
Exhibit 80 Global POS Market Vendor Share Analysis (Unit Shipment) 2017
Exhibit 81 Overview of Market Concentration in Geographies 2017 (as illustrated by HHI)
Exhibit 82 Contribution of Electronic Payments to Global GDP 2012-2015 ($ billion)

List of Tables:
Table 1 Key Geographies Definition
Table 2 Key Caveats
Table 3 Currency Conversion 2013-2017
Table 4 Real GDP per Capita Growth in Various Developing Countries 2013-2016
Table 5 Various Benefits of Adopting POS Systems
Table 6 Lifespan of POS System Hardware Components
Table 7 Cards with Cash Function Issued per Country 2015
Table 8 Cards with e-Money Function Issued per Country 2015
Table 9 Installed Base of POS Terminals in Several APAC Countries 2016 (million units)
Table 10 YOY Impact of Market Growth Enablers 2017-2023
Table 11 YOY Impact of Market Growth Enablers on Regions 2017
Table 12 Common POS Terminals Error Codes due to Connectivity Issues
Table 13 YOY Impact of Market Growth Restraint 2017-2023
Table 14 YOY Impact of Market Growth Restraint on Regions 2017
Table 15 Recent Mergers and Acquisitions Witnessed in POS Market
Table 16 YOY Impact of Market Opportunities & Trends 2017-2023
Table 17 YOY Impact of Market Opportunities & Trends on Regions 2017
Table 18 Global POS Market by Compliance 2017-2023 (million units)
Table 19 Global POS Market by Compliance 2017-2023 ($ billion)
Table 20 Installed Base of POS Terminals in Various APAC Countries 2016 (million units)
Table 21 Population Demographics in Middle Eastern Countries 2014-2015
Table 22 Ingenico Group: Product Offerings
Table 23 Fujian Newland Payment Technology: Product Offerings
Table 24 PAX Global Technology: Product Offerings
Table 25 Verifone Systems: Product Offerings
Table 26 Qualitative Summary of Global POS Market
Table 27 Quantitative Summary of Market by Geography ($ billion)
Table 28 Quantitative Summary of Market by Geography (Revenue %)
Table 29 Quantitative Summary of Market by Geography (million units)
Table 30 Quantitative Summary of Market by Geography (unit shipment %)
Table 31 Average GDP Increase Due to Increase in Card Usage by Region 2012-2016
Table 32 Contribution of Card Usage to Consumption in Select Countries 2012-2016

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FEATURED COMPANIES

  • Aisino
  • Bluebird
  • CyberNew
  • First Data
  • New POS Technology
  • Shenzhen Justtide
  • MORE
The global point of sale market is expected to cross $9.8 billion by 2023

Ingenico, Fujian Newland Payment Technology, PAX Global Technology, and Verifone Systems are the leading vendors in the global market. The market is expected to grow significantly at a CAGR close to 12% during the period 2017-2023. The market is majorly driven by increased digital payments, introduction of mobile payment solutions, penetration of EMV-compliant POS terminals, and high demand from the healthcare and retail segments. APAC is tipped to continue as the highest growing region during the period 2017-2023 with an expected CAGR of 11.41%, which is greater than the expected global CAGR of 10.62% in terms of shipment during the same period.

The report provides a holistic view of the global market, companies involved, and factors driving the growth of the market. It also provides information about the latest trends that have started to surface and are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.

POS Market: Key Vendor Analysis

The competitive scenario in the global POS market is currently intensifying. Continual innovations and upgrades are the characteristics of this market. The rapidly changing technological environment is forcing vendors to alter and refine their unique value proposition to achieve a strong market presence. The market is moderately fragmented, but dominated by vendors with global presence. These major vendors continually compete among themselves for the leading position in the market, with occasional spurts of competition coming from local vendors. The adoption rate of these payment terminals among business owners worldwide has increased. As a result of this increased demand, the market has witnessed the entry of many new vendors. The competition among these are intense and has led to the introduction of many innovative and advanced solutions in the market.

The report profiles the leading vendors and provides a complete value chain analysis of the market. Strength, strategies, and opportunities of major companies are discussed in the report. It also enlists the major product offering of companies involved in the market.

POS Market Dynamics

Technology and government regulations to drive market growth


The global point of sale market witnessed a tremendous rise in the demand for mobile payment terminals in APAC and the US. The US also witnessed a huge surge in NFC-ready and EMV-compliant mPOS shipment which is driven by the launch of new product models and mandatory government regulations to switch to chip-based cards.

A strong demand for these products and increased end-users’ spending sentiments worldwide will be the major driving factors for the growth of the global market over the next five years.

POS Market: Segmental Analysis

mPOS segment to lead the global market


The mPOS terminals segment comprised of a significant percentage of the revenue of the global market in 2017 compared to 77.15% generated from the fixed devices segment. However, the mobile point of sale segment is expected to grow at a rapid rate in terms of unit shipment during the period 2017-2023, which is higher than the global unit shipment CAGR of 10.62% during the same period.

The EMV terminals will witness a more consistent and faster growth during the period 2018-2023, as compared to the Non-EMV terminals, as many governments such as the US have mandated the use of chip-based cards in their respective countries.

In terms of unit shipment, the NFC-ready terminals accounted for more than 33% of the market share in 2017 and is expected to continue to gain market share during the forecast period.

POS Market: Geographical Analysis

APAC tipped to lead the global market


APAC is witnessing rapid urbanization among all other geographies. According to the World Bank, the number of urban households in the region will rise by about 68% during the period 2010-2030. The urbanization of developing countries in APAC is expected to bolster retail sales and growth of industries such as hospitality, healthcare, and restaurant. APAC remains to be looked upon as a potential market for point of sale terminals during the forecast period and is expected to record substantial market growth.

Europe will also witness a rapid adoption of new point of sale systems in many regions due to recent regulatory norms and penetration of NFC-ready systems.

The growth for point of sale market in Latin America was fuelled by the 2016 Summer Olympics in Brazil. However, political unrest in Venezuela, economic dwindling of Brazil’s economy, and natural disasters would affect the market growth in the region.

In North America, the US will drive the market growth during the forecast period. The necessity to switch to chip-based terminals will help the market to grow in the US and Canada.

In MEA, the concept of payment through cards has not gained popularity yet in many Middle Eastern and African countries. Thus, the market demand and penetration is low in countries in these regions. However, with many vendors expanding their operations in these countries for market share, the demand for these devices will grow during the forecast period.
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  • Aisino
  • BBPOS
  • Bitel
  • Bluebird
  • Castles Technology
  • Centerm
  • CyberNew
  • Dspread Technology
  • Equinox Payments
  • First Data
  • Fujian Newland Payment Technology
  • Hangzhou Sunyard
  • Ingenico
  • New POS Technology
  • Nexgo
  • PAX Global Technology
  • Shenzhen Justtide
  • Spectra Tech
  • Spire Payments
  • SZZT Electronics
  • Verifone
  • Yarus
Note: Product cover images may vary from those shown
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