Market Overview:
The global smart POS market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in the global smart POS market can be attributed to the increasing demand for portable and desktop smart POS terminals from retail and restaurant applications. Additionally, the growing adoption of cloud-based solutions among small and medium businesses is also contributing to the growth of the global smart POS market. North America accounted for the largest share of the global SmartPOS market in 2017, followed by Europe and Asia Pacific.
Product Definition:
A smart POS terminal is a point-of-sale device that has features such as advanced processing power, large memory, and multitasking abilities. A smart POS terminal can run various applications and connect to different devices. This allows merchants to conduct transactions quickly and effectively. Additionally, a smart POS terminal can provide merchants with detailed data analytics that help them make better business decisions.
Portable:
The global portable POS system market is expected to witness significant growth over the forecast period. The major factor attributed to its rapid growth includes increasing demand for mobile payment solutions and shift in consumer behavior towards using smartphones as a point of sale (POS) devices at retail stores. Moreover, these systems are compatible with both Android and iOS operating systems, which makes it more accessible for end-users; thereby boosting the market demand further.
Desktop:
Desktop is the primary device used in a POS system. It is also known as the workstation or console and it comprises of display, keyboard, mouse or other peripheral devices. The desktop serves as an interface between customer and machine where customer can carry out any transaction using a credit/debit card, EFTPOS terminal or by scanning product barcodes with mobile application installed on his smartphone.
Application Insights:
The retail segment accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. The need for advanced payment solutions in modernizing traditional cash register systems has become critical as retailers look to gain a competitive edge over their rivals. Moreover, with an increasing number of e-commerce transactions, there is a growing need for smartPOS at brick-and-mortar stores as well.
The hospitality industry also accounted for significant market share and is projected to grow at a lucrative CAGR during the forecast period. Advancements in technology have revolutionized the hospitality business by making it easier than ever before to manage operations from reservations through check out process while enhancing customer experience along with cost savings that can be passed onto owners¢â‚¬â„¢ pockets are some of the major benefits offered by smartPOS systems within hotels and restaurants. Furthermore, rising demand among consumers globally has led brands like Hilton Worldwide, Inc.; Marriott International, Inc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to presence of prominent POS manufacturers such as NCR Corporation, cash Drawer Electronics, Inc., and Intermec Technologies LLC. Moreover, increasing demand for mobile POS is also expected to drive the North America regional market over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption by various industry verticals such as retail and hospitality among others.
Europe has been witnessing steady growth due to increased spending on point-of-sale systems by retailers across countries like Germany and U.K., which indicates high demand for advanced technologies associated with these systems at present time (2018).
Growth Factors:
- Increasing demand for mobility and portability in the Point of Sale (POS) market.
- Rising trend of cloud-based POS solutions among small businesses and retailers.
- Proliferation of Internet of Things (IoT) devices and their growing adoption in retail sector for better customer experience
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart POS Market Research Report
By Type
Portable, Desktop, Other
By Application
Retail, Restaurant, Hospitality Industry, Others
By Companies
Ingenico, VeriFone, Clover Network, AccuPOS, Posandro, PAX Technology, Emobilepos, SZZT Electronics, Newland Payment, Bitel, Ingenico, Flytech
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
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Smart POS Market Report Segments:
The global Smart POS market is segmented on the basis of:
Types
Portable, Desktop, Other
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
Retail, Restaurant, Hospitality Industry, Others
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:
- Ingenico
- VeriFone
- Clover Network
- AccuPOS
- Posandro
- PAX Technology
- Emobilepos
- SZZT Electronics
- Newland Payment
- Bitel
- Ingenico
- Flytech
Highlights of The Smart POS 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:
- Portable
- Desktop
- Other
- By Application:
- Retail
- Restaurant
- Hospitality Industry
- Others
- 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 Smart POS 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Smart POS is a software application that helps businesses manage their inventory and transactions. It provides users with real-time information about what products are in stock, how much money they have left on their purchase, and how many items they have sold.
Some of the major players in the smart pos market are Ingenico, VeriFone, Clover Network, AccuPOS, Posandro, PAX Technology, Emobilepos, SZZT Electronics, Newland Payment, Bitel, Ingenico, Flytech.
The smart pos market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart POS 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 Smart POS Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart POS 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 Smart POS 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 Smart POS Market Size & Forecast, 2018-2028
4.5.1 Smart POS Market Size and Y-o-Y Growth
4.5.2 Smart POS Market Absolute $ Opportunity
Chapter 5 Global Smart POS 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 Smart POS Market Size Forecast by Type
5.2.1 Portable
5.2.2 Desktop
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart POS 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 Smart POS Market Size Forecast by Applications
6.2.1 Retail
6.2.2 Restaurant
6.2.3 Hospitality Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart POS 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 Smart POS 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 Smart POS Analysis and Forecast
9.1 Introduction
9.2 North America Smart POS 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 Smart POS Market Size Forecast by Type
9.6.1 Portable
9.6.2 Desktop
9.6.3 Other
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 Smart POS Market Size Forecast by Applications
9.10.1 Retail
9.10.2 Restaurant
9.10.3 Hospitality Industry
9.10.4 Others
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 Smart POS Analysis and Forecast
10.1 Introduction
10.2 Europe Smart POS 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 Smart POS Market Size Forecast by Type
10.6.1 Portable
10.6.2 Desktop
10.6.3 Other
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 Smart POS Market Size Forecast by Applications
10.10.1 Retail
10.10.2 Restaurant
10.10.3 Hospitality Industry
10.10.4 Others
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 Smart POS Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart POS 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 Smart POS Market Size Forecast by Type
11.6.1 Portable
11.6.2 Desktop
11.6.3 Other
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 Smart POS Market Size Forecast by Applications
11.10.1 Retail
11.10.2 Restaurant
11.10.3 Hospitality Industry
11.10.4 Others
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 Smart POS Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart POS 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 Smart POS Market Size Forecast by Type
12.6.1 Portable
12.6.2 Desktop
12.6.3 Other
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 Smart POS Market Size Forecast by Applications
12.10.1 Retail
12.10.2 Restaurant
12.10.3 Hospitality Industry
12.10.4 Others
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) Smart POS Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart POS 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) Smart POS Market Size Forecast by Type
13.6.1 Portable
13.6.2 Desktop
13.6.3 Other
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) Smart POS Market Size Forecast by Applications
13.10.1 Retail
13.10.2 Restaurant
13.10.3 Hospitality Industry
13.10.4 Others
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 Smart POS Market: Competitive Dashboard
14.2 Global Smart POS Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ingenico
14.3.2 VeriFone
14.3.3 Clover Network
14.3.4 AccuPOS
14.3.5 Posandro
14.3.6 PAX Technology
14.3.7 Emobilepos
14.3.8 SZZT Electronics
14.3.9 Newland Payment
14.3.10 Bitel
14.3.11 Ingenico
14.3.12 Flytech
