POS Machines Market : Pin-Point Analysis For Changing Competitive Dynamics

According to Persistence Market Research, the global POS machine market is anticipated to show significant market share and an exponential growth rate during the period of forecast 2017-2025. The POS machine market has seen positive growth since 2012. The global POS machine market is projected to grow at a CAGR of 11.5% throughout the period of assessment to reach a valuation of about US$ 144.2 Bn in 2025 from a value of around US$ 60.2 Bn in 2017.

This high growth can be attributed to the emergence and integration of new technologies such as NFC and IoT in POS machine applications. The increasing revenue growth is attributed to continuous launching of GPS offerings and rise of niche players in the market. Moreover, increasing number of service and consultancy providers for POS machine is also supporting growth of this market.

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The global POS machine market by industry is expected to be led by retail and consumer goods segment with respect to higher market share. However, the BFSI segment by industry also has significant market share, a shade lower than the retail and consumer goods segment.

Retail and consumer goods segment is estimated to grow at a significant rate to reach a market evaluation of about US$31 Bn by 2025.

By industry, the manufacturing segment is expected to grow at the highest growth rate throughout the period of forecast. It is poised to register a CAGR of 16.0% during the 2017-2025 period.

Healthcare industry segment also shows good scope in the years ahead. Currently it reflects a valuation of about US$ 6.2 Bn and poised to grow at 2x in value during the forecast period.

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The global POS machine market is swelling forward with high growth regions of North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In North America, manufacturing sector is poised to grow at a higher CAGR of 16.2% with a 15.2% Y-O-Y in 2025. Retail and consumer goods segment dominate the market, growing at a high CAGR. In Europe, the healthcare segment by industry grows at the highest rate to reflect a high 13.9% CAGR during the period of assessment.

Manufacturing segment in Europe has high potential with respect to growth rate and market share as it stands next to retail and consumer goods segment in Europe. Healthcare segment also finds Asia Pacific a high potential region for growth where it gained high growth rate in the recent years. Asia Pacific region is expected to be lucrative region for all segments in the industry category.

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