This market research report presents a comprehensive segmentation of the global Point of Sale (POS) printer market by type such as impact and thermal. It outlines the market shares for key geographies including the Americas, EMEA, and APAC. It also includes an insightful analysis of the leading vendors in this market such as HP, Seiko Epson, and Star Micronics.
Technavio’s market research analysts estimate the global POS printer market, to grow at a CAGR of around 8% between 2016 and 2020. The increasing usage of debit/credit cards by users across various channels such as POS terminals, retail stores, and other sectors is driving the growth of this market. The Americas lead the global POS printers market, accounting for 48% of the overall market share. The adoption of the POS terminals and the connected POS printers by the small enterprises is driving the growth of the market in this region.
The new market research report from Technavio provides a breakdown and analysis of the POS printer segments by technology.
“One of the interesting trends in the POS printer market is the emergence of the erasable printing technology. In cases where there is inappropriate content or ink on a page, the erasable technology can remove the ink using heat through the heat plate placed in the printer. It helps save paper, and can also benefit the vendors in terms of the paper imports and stock keeping costs,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The thermal printer segment accounted for 69% of the market share. The rising demand for this technology from various application segments such as restaurants, banks, retail, and other heavy-use environments is driving the growth of this segment. The report predicts features in this printer such as NFC, RFID, and Bluetooth to fuel the market growth until the end of the forecast period.
The leading vendors in the global POS printer market include HP, Seiko Epson, and Star Micronics. HP is a leading provider of products, technologies, software, solutions, and services in the POS printers market. The company’s key strategies involve delivering quality products, high-tech technology support services, and differentiated, integrated solutions. Other international players are also expected to follow the trend with investments in upgrading existing technologies. The competitive environment in this market is expected to intensify further in the emerging countries during the forecast period.
A more detailed analysis is available in the Technavio report, Global POS Printer Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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