Global POS Terminal Market - Strategic Assessment and Forecast 2017-2022
Analysts expect that the global POS terminal market is likely to grow at a CAGR of 12.53% during the forecast period 2016-2022. The demand for POS payment terminals is primarily supported by two key factors: Increase in per capita GDP, which has led to change in lifestyles in emerging markets and a rapid increase in dual-income households in developed markets fuelling retail growth. The market is particularly well-developed and growing, with the presence of vendors such as Ingenico, Verifone, and PAX Global offering products to a diverse range of merchants. The demand from such merchants has also grown in countries such as the US, China, and India due to the booming retail market, as well as, a shift in unorganized markets to adopt POS systems in developing countries.
The fixed POS system constitutes the largest market share both in terms of revenue and unit shipment. However, mPOS is expected to grow at a rapid rate during 2016-2022, which is higher than the global CAGR during the same period.he fraud frenzy is driving the global tokenization market and is expected to grow from $823.0 million in 2017 to $2.26 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%.
(May 2017/Beige Market Intelligence)
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