Nov 27, 2020 (Market Insight Reports) -- The research report on Europe POS Terminals Market offers a comprehensive view of this industry with every crucial detail subject to its overall stance in the global landscape and its applications in myriad sectors.
According to the given report, Europe POS terminals market registered a remuneration of USD 15 billion in 2019 and is expected to surpass a mammoth of USD 30 billion by the end of 2026, depicting a CAGR of 10%. Additionally, the market analysis document also envelopes pivotal information on the current market scenario, current advancing technologies, huge competitive landscape, future growth prospects, industry tactics, and vivid market segmentations.
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The report also provides insight to distinguished factors that are expected to potentially fuel the growth path of the industry in the upcoming years, along with laying emphasis on minute details of the ongoing trends that the Europe POS terminals industry is characterized by. The European POS terminals market, as stated in the report, is divided on the basis of product, componenet, technology, operating system, application, regions, and competitive landscape.
Traditional POS systems provide enhanced control over the data stored and processed inside them, in turn, propelling their demand. These devices enable businesses to store data in a local server and run applications on a closed internal network. Although cloud-based systems offer improved scalability & flexibility, they are often at risk of cyber-attacks. Establishing a traditional POS system enables owners to gain complete ownership of the infrastructure, ensuring data privacy. Large warehouse owners, hotels, and restaurant chains prefer adopting traditional POS systems to ensure customer data security.
Considering the regional landscape, Europe POS terminals market is diversified into regions and its elaborative analysis has been enclosed in the report as well. The report states various factors that have been massively supporting the growth of regional markets along with addressing with trending growth opportunities existing in every region, their individual growth rates and market positions, technologies being used, regulatory reforms, and much more.
The ongoing coronavirus (COVID-19) pandemic will propel the POS terminals industry growth as people prefer contactless payment techniques to prevent the spread of the virus through banknotes. Government organizations are also encouraging the use of digital payments during the ongoing crisis. As per the industry trade body, UK Finance, the spending limit for non-contact card payments was increased in April 2020 to enable seamless electronic contactless payments. Hospitals and healthcare organizations are also using POS terminals for non-contact payment acceptance to ensure patient and staff safety.
In terms of the competitive landscape,POS terminals market in Europe boasts of presence of companies like Ingenico Group, Verifone Systems, Inc., Toshiba Corporation, NCR Corporation, Samsung Electronics Co., Ltd., PAX Technology, Inc., Micros Retail Systems, Inc., Hewlett Packard Enterprise, and Diebold Nixdorf Incorporated. In line with this, the report includes required details on sales spectrum of each of these enterprises, their market tactics to maintain foothold in the market, individual company profiles and market share, and position in the overall ecosystem.
Chapter 4 Europe POS Terminals Market Size, By Product (USD & Units)
4.1 Europe POS Terminals market share, by product, 2019 & 2026
4.2.1 Market estimates and forecast, 2016 - 2026
4.3.1 Market estimates and forecast, 2016 - 2026
Chapter 5 Europe POS Terminals Market Share, By Component (USD & Units)
5.1 Europe POS Terminals market share, by provider, 2019 & 2026