The global POS terminals market is expected to grow at a CAGR of 7.77% during the forecast period. Based
on the product, the global POS terminals market has been segmented into fixed
POS terminals and mobile POS terminals.
Fixed POS terminals can be connected to hardware such
as PCs and printers and are also more cost-efficient and less time-consuming
compared with mobile POS terminals. Fixed POS terminals are traditional POS solutions
that are widely used in large retail outlets, fuel stations, and convenience
stores as well, where the regular transaction volume is high. The rise in the
need for self-service checkouts has also led to an increase in the need for
fixed POS terminals.
Furthermore, the emergence of unmanned or automated
retail stores in countries such as China and Japan are fueling the
demand for fixed POS terminals. Some of the major vendors of POS terminals are
launching new fixed POS terminals. In November 2017, PAX Global Technology
announced the launch of Q30, a multi-function payment terminal for the retail
marketplace. Such new product launches are likely to fuel the growth of this
segment of the global POS terminals market during the forecast period.
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