First Data, Ingenico, and SZZT are three key vendors highlighted in a new Technavio report
London, 29 September 2015 – Technavio has published a new report on the global point of sale (POS) terminals market in the hospitality sector, which is expected to grow at a CAGR of almost 15% from 2015-2019.
POS terminals in the hospitality sector market segmentation by geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different geographies, including the Americas, APAC, and EMEA.
The new report by Technavio also indicates a number of large merchants and SMBs are likely to shift back-end process to SaaS or hosted platforms in the cloud in the forecast period, which will enable them to store a large amount of data that can be accessed by authorized personnel from anywhere across the world.
“Cloud-based solutions require less IT resources and reduce costs associated with POS terminals. This is likely to enhance the cloud computing technology and related POS processing environment for retailers, thus increasing the use of POS,” says Faisal Ghaus, Vice President of Technavio.
POS terminals in the hospitality sector: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global POS terminals market in the hospitality sector from 2015-2019. The report considers revenue generated from the shipments of POS terminals in the hospitality sector, which includes fixed POS terminals and wireless POS terminals.
Industry analysis includes:
Key Vendors:
- First Data
- Ingenico
- SZZT
- VeriFone Systems
Market Growth Drivers:
- Increasing adoption of EMV cards
- Increased demand for mobile POS terminals
Market Challenges:
- High entry barriers
- Growing mobile payment market
Market Trends:
- Cloud-based solutions
- Big data management
View the global POS terminals market in the hospitality sector report.
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