The global POS terminals market was valued at around US$ 0.6 Bn in 2016, and is expected to register a CAGR of 9.1%. The first five-year cumulative revenue (2017–2021) is projected to be US$ 4,256.1 Mn, which is expected to increase moderately over the latter part of the five-year forecast period.
Global POS Terminals Market: Segmental Snapshot
The market report has been segmented on the basis of product type, application, and region/country. The product type segment includes fixed POS terminals, wireless POS terminals, and mobile POS terminals. The application segment includes financial institutions and third-party payment institutions. The regions/countries covered in the analysis are US, Europe, Japan, China, India, and Southeast Asia.
By Product Type: The fixed POS terminals segment accounted for highest revenue share contribution in 2017, as compared to other product type segments. The Fixed POS terminals segment is expected to register a CAGR of over 8.6% between 2018 and 2027
By Application: The financial institutions segment is projected to account for highest revenue share as compared to that of other application segments, and register a CAGR of around 9.1% over the forecast period
By Region/Country: The market in China accounted for highest revenue share in the global POS terminals market in 2017, and is expected to register a CAGR of over 9.4% between 2018 and 2027
Global POS Terminals Market: Competitive Analysis
The research report on the global POS terminals market includes profiles of some of the major companies such as Ingenico Group, VeriFone, Inc., Fujian Newland Payment Technology Co., Ltd., Fujian LANDI Commercial Equipment Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd., New Pos Technology Ltd., Bitel LLC, Cybernet Manufacturing, Inc., Castles Technology Co., Ltd., PAX Technology, Inc., and SZZT Electronics Shenzhen Co., Ltd.