Global Fixed POS Terminal Market (2021 to 2026) – Advances In Cloud-Based POS Terminal Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Fixed POS Terminal Market – Global Outlook and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

The fixed POS terminal market by revenue is expected to grow at a CAGR of 10% during the period 2021-2026.

The global fixed POS terminal market is expected to undergo several transformations during the forecast period. The demand and adoption of contactless EMV-compliant POS terminals are high due to the introduction of cloud-based POS terminals and the high demand for NFC-compliant POS terminals. Europe and North America are expected to witness a high demand for fixed POS terminals during the forecast period as the outbreak of the COVID-19 pandemic has increased contactless and cashless payment modes. The payment acceptance model has transformed from a hardware-centric payment acceptance model to a software and services-centric one, which, in the future, is expected to emerge as the recurring as-a-service revenue model based on their cloud-based platform.

The following factors are likely to contribute to the growth of the fixed POS terminal market during the forecast period:

• Advances in Cloud-based POS Terminals
• High Demand for NFC POS Terminals
• High Adoption of EMV-Compliant POS Terminals

The study considers the present scenario of the fixed POS terminal market and its market dynamics for the period 2020-2026. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Global Fixed POS Terminal Market Segmentation

The global fixed POS terminal market research report includes a detailed segmentation by compliance, technology, end-user, geography. Retail has been one of the key end-users for fixed POS terminals. Small businesses around the world have shown an increased inclination toward the adoption of electronic cash. The popularity of IoT and the rise in internet penetration across the world have significantly pushed the use of electronic money and payment cards. With the outbreak of the COVID-19 pandemic across the globe, the retail sector witnessed a steep decline in revenue. However, Q2, 2020 pushed the market toward recovery as lockdown restrictions were eased in several parts of the world, especially APAC. In India, about 54.70 million credit cards were in service, along with over 852.40 million debit cards till May 2020. Moreover, demonetization boosted the usage of payment cards, thereby increasing the market growth.

The global EMV market has witnessed a significant boom in recent years. Emerging markets such as India have implemented structured regulations to promote EMV POS terminals. Changes in regulatory compliance have pushed the market toward the adoption of EMV cards. With the significant rise in the adoption of EMV compliance, the market is expected to grow at a double-digit growth during the forecast period.

NFC-compliant POS terminals crossed 70 million units in 2020. The NFC-compliant market displayed a strong momentum in 2020, and it is expected to observe an incremental growth of over 29 million units by 2026. NFC-ready devices are creating a buzz in emerging markets such as Brazil, Turkey, and China. The increasing emphasis on the use of EMV-enabled cards has boosted the segment growth.

Key Questions Answered

1. What is the projected market size & growth rate of the fixed POS terminal market?

2. What innovations are observed in cloud-based POS terminals in the market?

3. What is the impact of COVID-19 on the global fixed POS terminal market share?

4. Why is the Asia Pacific POS terminals market on the rise? What is the growth rate of the APAC fixed POS terminal market in terms of unit shipment?

5. Who are the major vendors in the fixed POS terminal market? What are the threats faced by new vendors in the market?

Market Dynamics

Opportunity & Trends

• Advances In Cloud-Based POS Terminal
• Increasing Demand for NFC POS Terminal
• Growth In Acquisition & Mergers

Growth Enablers

• Demand In End-User Industries
• High Adoption Of EMV-Compliant POS Terminals
• COVID-19 Inducing Cashless Transactions

Restraints

• Rise In mPOS Terminal Adoption
• Growth In Mobile App-Based Payments
• Increased Cyber Fraud In Money Transactions

Prominent Vendors

• Ingenico Group (Worldline)
• Fujian Newland Payment Technology
• PAX Global Technology
• Verifone Systems
• Shenzhen Xinguodu Technology (NEXGO)

Other Prominent Vendors

• Fiserv
• Cybernet
• SZZT Electronics
• USA Technologies
• VISIONTEK Linkwell Systems
• Centerm
• BBPOS
• Dspread Technology
• Castles Technology
• Bitel Corporation
• New POS Technology Limited (New POS)
• Sunyard System Engineering Co. Ltd.
• Spire Payments
• Shenzhen Justtide (Justtide)
• Spectra Technologies
• Vanstone Electronic Co. Ltd. (Beijing)
• Datecs
• YARUS
• wizarPOS
• YouTransactor
• Equinox Payments
• Bluebird
• Lian Yu (UIC)
• Panasonic Corporation
• Gertec
• Shenzhen Kaifa Technology Co. Ltd.
• Toshiba Tec Corporation

For more information about this report visit https://www.researchandmarkets.com/r/sb9zfi

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