TechNavio today launched its report, Global POS Hardware and Software Market 2011-2015, based on an in-depth analysis 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 increase in cyber threats across the globe has necessitated vendors to incorporate advanced security standards in their point-of-sale (POS) systems. Hence, 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 experience. Furthermore, the growing number of stringent policies related to secure payments from governments of several countries will refine the technology to the greatest possible extent.”
According to the report, one of the main drivers is the increasing adoption of Europay, MasterCard and Visa (EMV) cards. Standardizing POS terminals according to the EMV standards will catalyze the infrastructure development required to facilitate the use of EMV cards. Infrastructure development in turn will foster the adoption of POS terminals. Hence, the demand for POS terminals is expected to be high in the next few years. Hence, the size of the Global POS Hardware and Software market is expected to grow during the period 2011-2015.
Further, the report reveals that one of the major challenges in the market is the slow adoption rate of POS technology, especially in developing countries.
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 vendors. For further information on this report, please visit https://www.technavio.com/content/global-pos-hardware-and-software-market…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit www.technavio.com/hardware
Follow us on Twitter @ Technavio
TechNavio Announces the Publication of its Research Report – Global POS Hardware and Software Market 2011-2015
