Fixed POS Terminal Market Size to Reach Revenues of USD 13.5 Billion by 2026 - Arizton

Key Highlights Offered in the Report:   Key Highlights Offered in the Report:  Key Offerings: Get your sample today! https://www.arizton.com/market-reports/fixed-pos-terminal-market-research-analysis   Fixed POS Terminal Market – Segmentation Fixed POS Terminal Market by Compliance Fixed POS Terminal Market by Technology Fixed POS Terminal Market by End-user Fixed POS Terminal Market – Dynamics Cloud-based technology is one of the key innovations...

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Key Offerings:

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Fixed POS Terminal Market – Segmentation

Fixed POS Terminal Market by Compliance

Fixed POS Terminal Market by Technology

Fixed POS Terminal Market by End-user

Fixed POS Terminal Market – Dynamics

Cloud-based technology is one of the key innovations of the last decade. COVID-19 has strengthened technology used in traditional fixed POS terminals. For instance, in a rapidly changing environment, Ingenico is revolutionizing the market by introducing new trends and innovating ways of supporting customer needs. The transformation in the payment acceptance model has evolved from a hardware-centric payment acceptance model to software and services-centric model. In the long-term, this will further become a recurring as-a-service revenue model based on their cloud-based platform. This is not only restricted to the banks and acquires, but it is likely to cater to the demand from the fintech start-ups. The company plans to offer cloud-based payment-acceptance platforms open to the market, which is likely to be known as a Payments Platform as a Service (PPaaS) solution.

Key Drivers and Trends fueling Market Growth:

Fixed POS Terminal Market – Geography

The COVID-19 outbreak had relatively slowed down the market the first H1 2020. The retail segments being the major adopters of the fixed POS terminals, witnessed a drop of more than 30% in H1 2020, causing a slow down in demand and installation rate. However, on the other hand, COVID-19 also benefited the market as it witnessed a surge in the concept of contactless payments, which is likely to push the demand for NFC-ready fixed POS terminals. Even with the modernization of payment systems, the domination of cash has declined for payment services. For instance, in China in 2020, the use of cash payment dropped to 7% from 14% in 2018. However, with changes in technology and the emergence of innovative financial services, the use of payment cards and e-wallets has strengthened in recent years. Due to the low awareness in rural areas, the contribution to the transaction value of card payments is lower from rural areas. With rising internet penetration, it has opened a gateway for the digital economy, which has enabled the shift of payment forms. At POS terminals, the average per transaction using credit cards increased marginally in recent years, but debit cards have been almost stagnant.

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Fixed POS Terminal Market by Geography

North America

Europe

APAC

Latin America

Middle East & Africa

Major Vendors

Other Prominent Vendors

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