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(IT-NEWSWIRE.COM, August 30, 2018 ) A point-of-sale (POS) terminal is a hardware system for processing card payments at retail locations. Software to read magnetic strips of credit and debit cards is embedded in the hardware. Portable devices (i.e., not terminals anchored to a counter), either proprietary or third-party, as well as contactless capabilities for emerging forms of mobile payments, represent the next generation of POS systems.
Increased penetration of POS terminals in the retail and hospitality sectors is driving the market. The need for secure transactions by the merchants in these sectors will likely fuel the market growth during the forecast period. The rise in the number of retail outlets is another major factor contributing to the growing sales of POS terminals.
The replacement of old POS terminals and increased demand from new enterprises is estimated to fuel the sales growth. The growing adoption of EMV cards, rising need for effective information management from merchants, and increasing penetration of NFC-based payments are leading to higher unit shipments of POS terminals. However, the rising penetration of mobile card readers that offer superior benefits such as better handling and convenience will hamper the sales of conventional POS terminals.
North America dominated the market for POS terminals in 2016, accounting for over 30.0% of the revenue. However, Asia Pacific is expected to emerge as a lucrative player over the forecast period. Increasing income levels and standards of living of people in developing countries such as India are resulting in flourishing retail markets, thereby boosting the demand for POS solutions.
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Over the next five years, Publisher projects that Battery for Point of Sale Terminals will register a 9.8% CAGR in terms of revenue, reach US$ 9640 million by 2023, from US$ 5500 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Battery for Point of Sale Terminals market by product type, application, key manufacturers and key regions.
To calculate the market size, Publisher considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Lead-Acid Batteries
Li-Ion Batteries
Ni-Cd Batteries
Segmentation by application:
Restaurants
Hospitality
Healthcare
Retail
Warehouse
Entertainment
Others
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
LiPol Battery
Panasonic
Shenzhen Glida Electronics
Ayaa Technology
Hangzhou Future Power Technology
HCT Electric
Sanyi Doctor Technology
Shenzhen Cowon Technology
Shenzhen CPKD Technology
Shenzhen Enbar Technology
Ubetter Technology
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Some Points From Table of Content:
1 Scope of the Report
2 Executive Summary
3 Global Battery for Point of Sale Terminals by Players
4 Battery for Point of Sale Terminals by Regions
5 Americas
6 APAC
7 Europe
Continued…
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Hector Costello
+1 (214) 884-6817
sales@orbisresearch.com
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