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Global Retail POS Terminals Market: Things to Focus on to Ensure Long-term Success 2020-2026

The Retail POS Terminals Market is recording a rising demand for point of sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions.

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Global Retail POS Terminals Market: Things to Focus on to Ensure Long-term Success 2020-2026

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  1. Global Retail POS Terminals Market: High-growth Regions to Expand Geographic Footprint 2020- 2026

  2. Industry Overview • Accordingly, to Global Market Insights research report global the retail POS terminals market is expected to gain significant growth impetus in coming years owing to the rising adoption of digital payment technologies in the retail sector. The growing trend of cashless transactions amongst government organizations is further expected to drive the demand for POS terminals. • The Retail POS Terminals Market is recording a rising demand for point of sale terminals from retail sector attributing to its ability to improve customer satisfaction by ensuring rapid and secure payment solutions. These equipment further enables fast transactions, thereby eliminating the issue of long customer queues seen at payment counters. The convenience they bring to customers and retailers will drive the demand for POS terminals in the retail sector. • As per a research report by Global Market Insights, Inc., retail POS terminals market is estimated to exceed $45 billion valuation by 2026.

  3. Continue… • Given the increasing adoption of digital payment techniques and the ongoing technological advancements, market players are increasingly focusing on consolidating their position in the market through various tried-and-tested methods such as new product launches. For instance, recently, on 3rd August 2020, Epson America, Inc., a leading supplier of POS solutions, reportedly announced the launch of its new next gen TM-m30II, OmniLink TM-m30II-NT, and OmniLink® TM-m30II-h mobile friendly POS receipt printers. • The new innovative printers further allows hospitality service providers and retailers to rapidly and effortlessly add receipt printing wherever needed, thereby helping in delivering superior customer experience. Such new product launch will lead to new business growth opportunities and will further strengthen the company’s position in the Retail POS Terminals Market. • Mobile POS terminals will witness strong growth over the forecast time period owing to their portability as well as ease of use. The terminals further provide benefits like free floor space, reduced overall customer shopping time, paper-free receipting services, and easy accessibility, which is fostering their adoption further. Additionally, the flexibility provided by smartphone or tablets-based POS terminals also decreases the cost of SMBs. The rising popularity of wireless technology and reducing cost of mobile phones have resulted in the increasing adoption of mPOS terminals amongst high-end stores.

  4. Browse Full Market Research Report @ https://bit.ly/2PUoivE Request for a Sample of this Research report @ https://bit.ly/3arDV7a

  5. Growth Drivers • Penetration of EMV compliant POS terminals in the U.S. • Increasing penetration of mobile POS across several channels • Increase in NFC and contactless payments in Europe and Asia Pacific • Demonetization effect in India • Inclination towards online payments in Europe & North America • Infrastructure development in South America • Flourishing retail industry vertical in the Middle East & Africa

  6. Continue… • The competitive landscape of the global Retail POS Terminals Market is inclusive of players such AURES Technologies SA, BBPOS Limited, Cisco Systems Inc., Hewlett Packard Enterprise Company, Ingenico Group, Micros Systems, Inc., NCR Corporation, NEC Corporation, New POS Technology Limited, Newland Payment Technology, Panasonic Corporation, Pax Technology Inc., Posiflex Technology, Inc., Samsung Electronics Co. Ltd., Toshiba Corporation, Touch Dynamic, VeriFone Holdings, Inc., Squirrel Systems.

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