Point-of-Sale (POS) Terminals Market Availability of Substitute
Products, Applications By 2025
“Point-of-Sale (POS) Terminals Market is anticipated to reach USD 116.06
billion by 2025 due to considerable rise in the demand for reasonably priced
wireless technologies and mobile POS terminals. A Point-of-sale Terminal is
an electronic device that processes card payments at different retail
provisions.”
The Global Point-of-Sale (POS) Terminals Market is anticipated to reach USD 116.06 billion by 2025 due to
considerable rise in the demand for reasonably priced wireless technologies and mobile POS terminals. A Point-
of-sale Terminal is an electronic device that processes card payments at different retail provisions. The device
reads the customer’s debit cards or credit card’s information, checks if the customer’s bank account funds are
sufficient, transfer the funds from the customer’s account to the retailer’s account, and records the transaction
and print receipts. The Point-of-sale Terminals are a combination of hardware and software that accepts card
payments which do not require updating of cash registers for direct card reading. The installation cost of POS
terminals differ with the business size and terms of the supplier. The smaller traders may have to pay the
terminal rent and also additional per-transaction charge.
The POS Terminals Market is widely used in the sectors like retail, warehouse distribution, healthcare, hospitality
sectors, etc. A large number of players across the globe characterizes the market. The existence of the growing
number of players is heavily strengthening the Point-of-Sale Terminals industry competition. This competition
is expected to be a positive influence for the market growth as it will continuously motivate the players to adopt
modern technologies and boost the market with improved solutions. The Point-of-Sale (POS) Terminals industry
is predicted to experience more newcomers in the forecast period. Two major benefits of Point-of-Sale (POS)
Terminals are accuracy and analysis. The scanning of Point-of-Sale Terminals are very accurate than the
punching numbers from a sticker. The POS Terminals allow to manage the inventory, flag products for recording,
and analyze the sales patterns.
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