Market Overview:
The global POS terminals in hospitality market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for advanced POS terminals in the hospitality industry across the globe. In addition, factors such as rising adoption of cloud-based technology and growing need for mobility and portability are also contributing to the growth of this market. Based on type, hardware devices accounted for a major share of the global POS terminals in hospitality market in 2017. This segment is expected to continue its dominance during the forecast period owing to increasing demand for technologically advanced hardware devices among hoteliers worldwide.
Product Definition:
A Point of Sale (POS) terminal is a computerized cash register that allows businesses to track sales and inventory. In the hospitality industry, POS terminals are used to take orders and payments from customers. They also allow businesses to track customer data, such as purchase histories and preferences. This information can be used to create targeted marketing campaigns and improve customer service.
Hardware Devices:
Hardware devices are the components installed in the POS terminals such as cash drawers, receipt printers, barcode scanners and others. Hardware devices play an important role in POS terminals as they help to complete a transaction process quickly and accurately. The growth factor for hardware devices is their increasing demand across various hospitality sectors such as hotels, restaurants & cafes (R&D), travel & tourism (food service), resorts and hospitals among others.
Software System:
Software System and it's usage in POS terminals in the hospitality market is a software system that is used for managing operations of cash register at the retail outlets. It helps to manage sales analysis, inventory control, customer information and reports. The software also provides features such as employee management, time & attendance tracking and Point of Sale (POS) integration which enables real-time data sharing among multiple systems.
Application Insights:
The ordinary hotel segment held the largest share of over 70.0% in 2017. The ordinary hotel is a conventional lodging establishment that offers room service and hospitality to its guests, who may stay there for few hours or a whole night. An ordinary hotel typically has single or double occupancy rooms with private bathrooms and running water facilities, whereas star hotels have more facilities such as swimming pools, restaurants, conference halls and shopping malls for their customers to enjoy while staying there overnight.
The Star Hotel segment is expected to expand at the fastest CAGR of XX% from 2018 to 2030 owing to increasing demand for luxury services among business travelers and tourists visiting various countries around the world.
Regional Analysis:
Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period. The growth can be attributed to increasing number of hotels and rising spending power of consumers in this region. In addition, growing trend for corporate travel in Asia Pacific is expected to drive demand for POS terminals over the forecast period. Increasing adoption of mobile POS solutions has further fueled regional growth owing to their portability and ease of use while conducting business on-the-go.
Growth Factors:
- Increasing demand for convenience and faster service by customers
- Proliferation of mobile devices and apps that allow for easy payments
- Shift in consumer spending towards dining out and away from home cooking
- Growth of the sharing economy (such as Airbnb) which increases demand for hospitality services
- Increased focus on customer experience by businesses to differentiate themselves from competitors
Scope Of The Report
Report Attributes
Report Details
Report Title
POS Terminals in Hospitality Market Research Report
By Type
Hardware Devices, Software System
By Application
Ordinary Hotel, Star Hotel
By Companies
First Data, Ingenico, SZZT, VeriFone, CyberNet, Equinox, PAX Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global POS Terminals in Hospitality Market Report Segments:
The global POS Terminals in Hospitality market is segmented on the basis of:
Types
Hardware Devices, Software System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ordinary Hotel, Star Hotel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- First Data
- Ingenico
- SZZT
- VeriFone
- CyberNet
- Equinox
- PAX Technology
Highlights of The POS Terminals in Hospitality Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Hardware Devices
- Software System
- By Application:
- Ordinary Hotel
- Star Hotel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the POS Terminals in Hospitality Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
POS terminals are devices used in hospitality to process payments. They can be found at restaurants, bars, and other places where customers make transactions. POS terminals typically have a variety of features that allow them to accept payments from customers, including the ability to scan credit cards and debit cards.
Some of the major players in the pos terminals in hospitality market are First Data, Ingenico, SZZT, VeriFone, CyberNet, Equinox, PAX Technology.
The pos terminals in hospitality market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 POS Terminals in Hospitality Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 POS Terminals in Hospitality Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 POS Terminals in Hospitality Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the POS Terminals in Hospitality Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global POS Terminals in Hospitality Market Size & Forecast, 2018-2028
4.5.1 POS Terminals in Hospitality Market Size and Y-o-Y Growth
4.5.2 POS Terminals in Hospitality Market Absolute $ Opportunity
Chapter 5 Global POS Terminals in Hospitality Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 POS Terminals in Hospitality Market Size Forecast by Type
5.2.1 Hardware Devices
5.2.2 Software System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global POS Terminals in Hospitality Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 POS Terminals in Hospitality Market Size Forecast by Applications
6.2.1 Ordinary Hotel
6.2.2 Star Hotel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global POS Terminals in Hospitality Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 POS Terminals in Hospitality Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America POS Terminals in Hospitality Analysis and Forecast
9.1 Introduction
9.2 North America POS Terminals in Hospitality Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America POS Terminals in Hospitality Market Size Forecast by Type
9.6.1 Hardware Devices
9.6.2 Software System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America POS Terminals in Hospitality Market Size Forecast by Applications
9.10.1 Ordinary Hotel
9.10.2 Star Hotel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe POS Terminals in Hospitality Analysis and Forecast
10.1 Introduction
10.2 Europe POS Terminals in Hospitality Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe POS Terminals in Hospitality Market Size Forecast by Type
10.6.1 Hardware Devices
10.6.2 Software System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe POS Terminals in Hospitality Market Size Forecast by Applications
10.10.1 Ordinary Hotel
10.10.2 Star Hotel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific POS Terminals in Hospitality Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific POS Terminals in Hospitality Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific POS Terminals in Hospitality Market Size Forecast by Type
11.6.1 Hardware Devices
11.6.2 Software System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific POS Terminals in Hospitality Market Size Forecast by Applications
11.10.1 Ordinary Hotel
11.10.2 Star Hotel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America POS Terminals in Hospitality Analysis and Forecast
12.1 Introduction
12.2 Latin America POS Terminals in Hospitality Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America POS Terminals in Hospitality Market Size Forecast by Type
12.6.1 Hardware Devices
12.6.2 Software System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America POS Terminals in Hospitality Market Size Forecast by Applications
12.10.1 Ordinary Hotel
12.10.2 Star Hotel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) POS Terminals in Hospitality Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) POS Terminals in Hospitality Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) POS Terminals in Hospitality Market Size Forecast by Type
13.6.1 Hardware Devices
13.6.2 Software System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) POS Terminals in Hospitality Market Size Forecast by Applications
13.10.1 Ordinary Hotel
13.10.2 Star Hotel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 POS Terminals in Hospitality Market: Competitive Dashboard
14.2 Global POS Terminals in Hospitality Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 First Data
14.3.2 Ingenico
14.3.3 SZZT
14.3.4 VeriFone
14.3.5 CyberNet
14.3.6 Equinox
14.3.7 PAX Technology
