The Global PoS Accessories Market is seeing a noteworthy move in innovation with the expanding reception of NFC in wearable gadgets, for example, smartwatches, shrewd wristbands, and cell phones. Till 2011, the contactless installment choice was accessible for NFC-empowered charge/Visas.
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In November 2011, Acer presented a Liquid Express E320 Android cell phone that has NFC abilities and can complete installments.
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This pattern of utilizing contactless installments alongside the expansion in exchange limits is driving the market.
The report, PoS Accessories Market 2017-2022, has been readied in light of a top to bottom market examination with contributions from industry specialists. The report covers the market scene and its development prospects over the coming years.
The report additionally incorporates an exchange of the key sellers working in this market.
Global PoS accessories market will grow steadily at a CAGR of around 7.9% by 2022. The rising number of card transactions is identified as one of the primary growth factors for this market.
Consumers across the globe are increasingly focusing on using credit or debit cards and digital money for payments. This shift in consumer preference is driving vendors to adopt improved payment mechanisms that involve the use of cards and induces mobile card reader manufacturers to develop advanced technologies to meet the growing demand.
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The segments of the global POS terminal market based upon terminal type are fixed type and wireless and mobile type POS terminal. The segment of fixed POS terminal held a whopping 93% of the market in 2017 on account of early adoption of technology.
However, the adoption of wireless and mobile POS is on the rise due to ease of use, mobility, and cost-effectiveness as compared to traditional POS terminal. Small and medium sized businesses are increasingly displaying significant demand for mobile POS terminal due to their affordability as compared to fixed POS terminal and widespread use of smartphones and tablets at workplaces and in businesses.
Top Key Players In Global PoS Accessories Market
Global PoS Accessories market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including,
CASIO, Dell, Olivetti, Sharp, Toshiba, Datalogic, Honeywell International, Zebra Technologies, Citizen Systems, Epson, Star Micronics, 3M, Elo Touch Solutions, HP, Innolux, Panasonic, Samsung, Seiko Epson
Major players in the POS terminal market have been listed down in the report. The report talks about the key players eyeing the development of the market in emerging economies due to the numerous significant efforts taken by the policymakers to transform the economic landscape.
The report also discusses the product offerings and revenue segmentation of the key players to throw light on the highly competitive environment prevailing in the Global POS terminal market. Key strategies of growth adopted by leading industry players are also analyzed in detail by the report.
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In terms of geographic regions, APAC will be the major revenue contributor to the market throughout the forecast period. Factors such as the increasing purchasing power of consumers, the large potential consumer base, and the rising sales of debit and credit cards in the region, lead to the increased demand for PoS accessories.
Moreover, governments of several countries in the region are also promoting the development of MSMEs,that actively use PoS accessories for the smooth operation of their businesses.
On the basis of product, this report displays the production, revenue, price, and market share and growth rate of each type, primarily split into
- PoS displays
- Receipt printers
- Barcode scanners
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of PoS Accessories for each application, including
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