Global Point-of-Sale Terminal Market Report
According to a research report published by Azoth Analytics in June , the Global Point-of-Sale (POS) Terminal Market was valued
The Azoth Analytics research report titled Global Point-of-Sale (POS) Terminal Market has analysed and segmented the Point of Sale (POS) Terminal Market by Value (USD Million). The report has also further analysed the Point of Sale (POS) Terminal Market By Product Type (Fixed and Wireless/Mobile)
Global Point of Sale (POS) Terminal market is primarily driven by growing urbanization and major initiatives taken by government in developing countries and implementing various policies and providing various offers on cashless transactions in order to attain complete digitalization backed with relaxed FDI policies so as to attract investments in the region. All these factors are driving a considerable growth in the market for Global POS Market during the period.
Fixed POS, Hardware POS systems and Retail Industry, under their respective segments, have been witnessing growth at a notable rate over the past few years as major global leaders such as Amazon, Walmart, Alibaba, are investing in Ecommerce industry and online market place supported by increasing consumer disposable income and burgeoning demand for multi-functional POS systems that can perform various applications other than just accepting payments. These factors are fuelling the Global POS Market during the period.
Amongst the regions, Asia Pacific accounts for the largest regional share in the Global POS market in 2019. Key factors driving the robust growth rate of Asia Pacific region include escalating adoption of POS that run on latest technology by retailers supported by major economies of the region such as India, Japan, Singapore, Thailand, are experiencing rapid urbanization, improving infrastructure, relatively young population and rising per capita income, which has been anticipated to accelerate the POS market growth during the coming years.
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