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Thursday May 07, 2015
Thursday May 07, 2015
Growing adoption of near-field communication (NFC) technology for payments coupled with cloud computing development is estimated to drive POS terminals market growth, according to a new study by Grand View Research, Inc. Ease of use and improved return on investment (ROI) offered by these systems has favorably impacted the market. Increased demand for mobile POS (mPOS) terminals such as smart card EFT (Electronic Funds Transfer) is also estimated to drive the market.
Security concerns on account of potential data breaches may restrain global market growth. Introduction of personal identification pin (PIN) and embedded payment cards is expected to mitigate sensitive data theft issues. Primary solution providers have been emphasizing on integration of traditional POS systems with capabilities such as security, digital signage, pricing and inventory in order to increase their presence in the market. This is expected to significantly contribute to POS terminals market growth. Increasing mPOS solutions adoption by small and medium businesses (SMBs) is expected to present growth opportunities to market participants.
To request a sample copy or view summary of this report, click the link below:http://www.grandviewresearch.com/industry-analysis/point-of-sale-pos-terminals-market
For More Information visit - http://www.grandviewresearch.com/
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