Growth of personal identification numbers (PINs) and on-chip payment cards to reduce security concerns, increasing use of mobile devices for POS connections, facilitation of use of POS terminals and payment cards, and POS in various fields such as hospitality, healthcare and retail The more prominent implementation of terminals, increasing illiteracy and rapid urbanization, recent retail growth, enforcement of regulations and policies for electronic payment systems and an increasing cashless economy have fueled the global expansion of the POS machine market.
Additionally, trends such as the expansion of EMV and NFC technologies, the implementation of mobile POS (mPOS), contactless POS, tablet POS systems and motion-sensing images, and trends such as expansion of retail infrastructure have provided numerous opportunities. in the POS machine market
The global market for POS machines is expected to expand at a XX.X% CAGR throughout the forecast period, accounting for a market value of approximately US$ XXX.X Billion by 2030 at an valuation close to approximately US$ XX.X Billion. for 2022.
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Some of the key players operating in the global POS Machinery market are: • Ingenico Group • Verifone • New POS Technology Limited • Shenzhen Xinguodu Technology Co. Ltd. • PAX Technology Limited • BBPOS Limited • SZZT Electronics Co. Ltd. • Fujian Newland Payment Technology CO. Limited • Fujian Centerm Information Co., Ltd. Limited
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