A Point of Sale (POS) is a mechanized alternative for a cash register with the ability to record and track customer orders, process debit/credit cards, connect to other systems in network, and control inventory across geographically dispersed locations. The POS terminal industry has witnessed a significant change and expansion with the advancements in technology leading to the growth of alternative POS solutions including Android POS and SaaS-based POS terminals. The POS terminals are moving towards digital format, with electronic signature capture and e-mailed receipts enabling paper free transactions. The introduction of chip-embedded payment solutions and personal identification number (PIN) is expected to minimize the security concerns pertaining to data theft, further expanding the POS terminals industry.
The global POS terminals/systems industry is highly fragmented across vertical industrys, compelling resellers to understand the distinct differences from segment to segment. Ingenico S.A., Verifone Systems, Inc., and PAX Technology Ltd are the leading POS terminal vendors in the global POS terminals industry. Other players including Panasonic Corporation, Toshiba Corporation, Hewlett Packard, and Samsung Electronics Co., Ltd NCR Corporation and MICROS Systems, Inc. have been identified as promising and emerging players in the POS terminals industry.
Growing adoption of SaaS-based and Android POS systems
Opportunity to Add Value and Loyalty Options
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