Industry Background:
The growing prevalence of android phones across the globe as well as with increasing E-commerce activities has raised the demand for Android POS (Point-of-Sale). These POS Systems can be used in retail operations such as grocery stores, night clubs, cafes, smaller food installments, and many others. Android POS possesses a number of features such as table management, heck splitting functions as well as many other systems. Moreover, these android POS platforms can also be integrated with the number of third party software which will escalate the demand for android POS over the forecasting years.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Fujian Centerm (China), PAX Technology (China), Ingenico Group (France), Toast, Inc. (United States), A&B POS Solutions (United States), Cybersys (Kuwait), Square, Inc. (United States), Miva, Inc. (United States), Clover Network (United States), Shopify Inc. (Canada), Heartland Payment Systems (United States) and Shenzhen Xinguodu Technology Co., Ltd. (China) |
This growth is primarily driven by Improves Mobility and Flexibility of the Business Operations and Efficient Management of Android POS with improved Delivery Lead Time.
Globally, a noticeable market trend is evident Increasing Hardware Independency with the Introduction to Purely Software Based Android POS
The Application Software sector in the North America 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 Fujian Centerm (China), PAX Technology (China), Ingenico Group (France), Toast, Inc. (United States), A&B POS Solutions (United States), Cybersys (Kuwait), Square, Inc. (United States), Miva, Inc. (United States), Clover Network (United States), Shopify Inc. (Canada), Heartland Payment Systems (United States) and Shenzhen Xinguodu Technology Co., Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Android POS market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
On April 25, 2016, Global Payments Inc., which is leading provider of payment technology services globally has announced that it has completed a merger with Heartland Payment Systems, Inc. The merged company named Global Payments Inc. has around 8,500 employees worldwide which provides leading payments solutions to millions of merchants globally.
In 20 May, 2023, SUNMI has pre-launched 3rd generation POS terminal. The pre-launch includes three flagship new products: SUNMI V3 MIX, SUNMI T3 PRO, and SUNMI T3 PRO MAX. This helped company to expand company’s presence in Android POS market
Regulatory Insights:
Casio has invested millions of dollars in developing and introducing a new android POS terminal for the retail and hospitality industry, which will significantly reflect that number of prominent players will cause a major disruption in the overall POS industry share. In addition to this, Lexus and Toyota Financial Services have launched an in-house electronic POS system named NGage. According to industry experts, this POS system developed by Toyota will be one of the substantial factors influencing the growth of POS software industry.
Influencing Trend:
Increasing Hardware Independency with the Introduction to Purely Software Based Android POS and Introduction to End to End Encryption for minimizing Hacking Instances
Market Growth Drivers:
Improves Mobility and Flexibility of the Business Operations and Efficient Management of Android POS with improved Delivery Lead Time
Challenges:
Requirement of Skilled Workforce and Growing Labour Cost across the Globe and Inaccurate Reporting might Hamper Android POS Business Details
Restraints:
Comparatively Higher Subscriptions feed might Hamper the Demand for Android Prevalence and Prerequisites such as Reliable Android Platform, Electronic Devices as well as Stable Internet Connectivity
Opportunities:
Growing Demand for Android Based Smartphones and Other Electronic Appliances and Complex Real-Time Monitoring and Definitive Mitigation of Automated Point of Sale Platforms
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 mostly 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 growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
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 in Android POS Market
- Analysis about New Entrants in Android POS Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Android POS Study Sheds Light on
The Android POS Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Android POS industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Android POS 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.