What is POS Terminals in Hospitality?
A point-of-sale (POS) terminal is a piece of hardware used to accept credit cards at hospitals. The gear includes software that reads magnetic strips from credit and debit cards. The next generation of POS systems includes proprietary and third-party portable devices (as opposed to terminals fixed to a counter), as well as contactless capabilities for future kinds of mobile payments. Traditional proprietary hardware is being phased out in favour of software-based POS systems that can be put into a tablet or other mobile device. POS terminal manufacturers are launching their own versions of portable and mobile POS terminals to keep ahead of the curve. At a hospital, such equipment can be observed.
The market study is broken down by Type (Fixed POS Terminals and Wireless, Mobile POS), by Application (Ordinary Hotel and Star Hotel) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global POS Terminals in Hospitality market throughout the predicted 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.
Oracle (United States), VeriFone (United States), First Data (United States), Ingenico (France), SZZT (China), PAX Technology (United States), CyberNet (United States), Winpos (Finland), Cegid Group (France) and Squirrel Systems (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Newland Payment Technology (China) and CITIXSYS AMERICAS (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global POS Terminals in Hospitality market by Type, Application and Region.
On the basis of geography, the market of POS Terminals in Hospitality has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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 Platform, the sub-segment i.e. Windows will boost the POS Terminals in Hospitality market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the POS Terminals in Hospitality market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. On-Premise will boost the POS Terminals in Hospitality market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
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Market Trend
- Surge In R&D Investments And The Development Of Advanced Payment Solutions
- Growing Contactless Payments And The Increasing Penetration Of Near Field Communication (NFC) Devices In Hospitality
Market Drivers
- Increasing Demand For Mobile POS Terminals Across The Global
Opportunities
- Government Favorable Initiatives Toward Promoting Cashless Economy
Restraints
- Concerns Of Data Security Breaches
Challenges
- Lack Of Robust And Reliable Infrastructures In The Remote Regions
Key Target Audience
POS Terminals in Hospitality, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.