TechNavio today launched its report Global POS Hardware Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said; ”The global increase in cyber threats has led vendors to incorporate advanced security standards in their point of sale (POS) systems. Vendors are incorporating several security technologies such as signature-capturing devices and biometric sensors into the POS systems to secure payment transactions. Furthermore, POS devices are being incorporated with additional features such as touch screens, radio frequency identification, and bar code scanners to enhance the user™s experience.”
According to the report, the growing demand for contactless payment using mobile phones is expected to increase the demand for POS hardware. Near Field Communication (NFC) technology, which enables wireless communication between two devices using NFC-enabled chips, has transformed mobile phones into electronic wallets. Therefore, companies across the globe are taking efforts to deploy the necessary technology to support mobile payments using NFC technology.
Further, the report also discusses that the slow adoption rate of POS technology, especially in developing countries, is hindering the growth of the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/upXgK
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Report – Global POS Hardware Market 2011-2015
