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New report examines the global POS terminals

New report examines the global POS terminals

Global POS Terminals Market 2017- Research Report

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The Global POS Terminals Industry Analysis & Forecast Report 2016-2021 is a professional and in-depth study on the current state of the POS Terminals industry. The report analysis the global market of POS Terminals by main manufactures and geographic regions.

The report includes POS Terminals definitions, product type, applications and industry chain structure, development trends, competitive landscape analysis, and key regions development and import/export status.

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Market research analysts at Technavio have predicted that the global point of sale (POS) terminals market will grow steadily at a CAGR of about 9% by 2020.

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Owing to the rising popularity of e-commerce, the recent years have witnessed an exponential increase in the number of online shoppers.

The growing need to remain competitive, penetrate unfamiliar markets, meet increasing demands from customers, and respond to changing customer needs have compelled vendors to focus on having an online sales sector for their business. Few vendors are also focusing on completely replacing their physical stores with digital sales channels.

This preference for e-commerce has led to the rapid increase in e-commerce transactions, which will, in turn, have a positive impact on the growth of the point of sales systems market.

This market research analysis identifies the wider adoption of contactless payment systems as one of the major trends that will gain traction in the POS system market in the coming years. Transactions using contactless payment systems take place with the help of near-field communication (NFC) technology.

The issued cards carry a symbol that is unique to contactless payments and when placed near a contactless reader can accept payments within a second. They do not require a PIN to make payments to a certain limit and are considered to be the fastest mode of making payments.

The ongoing market trends of POS Terminals market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons.

Top manufactures, price, revenue, market share are explained to give a depth of idea on the competitive side.

Each and every segment type and their sub types are well elaborated to give a better idea about this market during the forecast period of 2017 to 2025 respectively.

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