Industry Background:
Point-of-Sale (POS) system is the place where the customer makes the payment for products or services at the store. The POS serves as the central part of the business and is built using software and hardware components. POS hardware includes the physical, tangible parts or components such as a monitor, keyboard, receipt printer, barcode scanner and so on. These components are connected together using wires, but recent technology has enabled wireless connections. Brands and retailers have increased their focus on customer experience. The POS system helps to keep a record of the cash flow automatically and get an overview of the business. The system can also be used to keep track of employee performance. The market for POS hardware depends upon the adoption rate of the POS systems.This growth is primarily driven by Increased Internet Penetration and Payment Solutions
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Computer Hardware sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cisco Systems (United States), Hewlett-Packard Company (United States), Toshiba (Japan), Panasonic Corporation (Japan), Samsung Group (South Korea), Star Micronics (Japan), MMF Industries (United States), Epson (Japan), Beelta (United States) and Honeywell (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
Influencing Trend:
Demand for Cloud-Based POS Systems Is Rising
Market Growth Drivers:
Increased Internet Penetration and Payment Solutions and Growing Demand for Smart Retail Environment to Offer Seamless Customer Experience
Restraints:
High initial costs and Staff should be trained/retrained
Opportunities:
Increased Acceptance of Debit and Credit Cards Likely To Boost Demand for POS Systems and The Emergence of Data Analytics to Determine Trends, Improve Marketing and Predict Demand
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of POS Hardware Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of POS Hardware Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of POS Hardware players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, POS Hardware Study Sheds Light on
The POS Hardware Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the POS Hardware industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where POS Hardware industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.