Point-of-Sale (POS) Terminals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2020
The high adoption of POS terminals across the retail, hospitality, healthcare, and warehouse / distribution industry is driven by ease of use and high return on investment. . Types of POS terminals include fixed POS terminals and wireless and mobile POS terminals. Mobile POS (mPOS) offers many advantages over fixed POS such as low cost and enhanced mobility. Further, it offers ease of use, as any mobile or tablet can be converted into mobile POS by simply attaching a reader with it. Thus, mPOS terminals are expected to experience high growth in demand over the coming years. Components of POS systems include hardware and software. POS hardware devices include payment terminal (reader), workstation and accessories (receipt printer, cash drawer, bar code scanner, wireless bar code scanner, physical inventory scanner, PIN pad, and tag printers). POS applications include use of POS terminals in restaurant, grocery/supermarket, hospitality-lodging, healthcare, retail, warehouse/dis...