About Intelligent POS
Intelligent POS systems are combined with remote monitoring software, digital management technology, and surveillance systems that support the provision of different value added services. A point of sale system (POS), is the place where customer makes a payment for products or services at any store. POS is the hub where everything such as sales, inventory and customer management merges. This technology also supports store managers to gather consumer behavior data, increase customer visit, and improve purchase motivations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
On May 16, 2019 - NEXT Biometrics and Newland has entered into partnership agreement to deliver biometric POS. The agreement provides for the integration of different types of NEXT Biometrics’ high-quality, large-area fingerprint sensors into a range of Newland`s POS terminals for sales on a global scale. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intelligent POS market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clover Network (United States), Newland Payment (China), Emobilepos (United States), SZZT Electronics (China), Ingenico (France), Flytech (Taiwan), Posandro (United Kingdom), PAX Technology (China), BITEL EMEA (Egypt) and AccuPOS (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are VeriFone (United States) and Xinguodu (China).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent POS market by Type (Portable and Desktop), Application (Retail, Restaurant, Hospitality Industry, Warehouses and Others) and Region.
On the basis of geography, the market of Intelligent POS has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Intelligent POS market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Development in Point Of Sale (POS)
Market Growth Drivers:
Rising Preference for Smartphone and Growing Adoption from Entertainment Centers
Challenges:
Initial Costs of Intelligent POS Is Expensive and Training of Staff for using Point Of Sale (POS)
Opportunities:
Increasing Technology Expenditure in the Government Sector and Infrastructural Development in Developing Countries
Market Leaders and their expansionary development strategies
In November 2022, NCR Corp. has acquired POS Solutions, a point-of-sale and restaurant solutions provider in central Texas. The company will maintain POS Solutions' existing customer sites with their current management and staff.
In May 2024, New Product Launched NEXGO N6--The Brand-New Smart Mini POS Terminal. The is a thin, light, slim, and portable smart POS terminal designed for mobile payment scenarios. The 3D lines design on its back allows customers to hold it tighter and easier. Its 5.0” HD touchscreen provides a friendly user interface and makes it simple to operate, just like a smartphone in your hand
Key Target Audience
Manufacturers of POS System, Suppliers of POS System, Wholesalers, Distributors and Retailers of POS System, Service Providers of Intelligent POS, Healthcare Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.