Press Release

Retail Industry to Lead Australia POS Market During Forecast Period

Increasing use of POS terminals in a wide range of end-use industries such as retail, hospitality and healthcare to drive Australia POS market through 2024


According to TechSci Research report,
Australia POS Market By Product Type, By Deployment, By Industry, Competition, Forecast & Opportunities, 2024, Australia POS market is anticipated to witness a CAGR of more than 10% during 2020 - 2024 on account of growing demand for contactless payments. Point of sale or POS are used for processing the payment by reading the information of the debit or credit card. Modern POS terminals integrate multiple systems into a single terminal to manage operations such as printing, card payments, billing and cash collection. On account of increasing utilization of debit and credit cards, technological advancements and adoption of mobile payments, POS market is anticipated to witness robust growth in Australia over the next five years.

Browse 22 market data Figures spread through 66 Pages and an in-depth TOC on "Australia POS Market"

https://www.techsciresearch.com/report/australia-pos-market/4079.html

Australia POS market can be segmented based on product type, deployment, industry and region. On the basis of product type, the market can be segregated into mPOS and fixed POS. The market share of mPOS is anticipated to increase during forecast period on account of their growing demand. Unlike fixed POS, mPOS don’t need to be installed on the counter and also don’t require continuous power supply, which is contributing to their growth. 

Ingenico International (Pacific) Pty Limited, VeriFone Australia Pty. Ltd., Toshiba TEC Australia Pty., Ltd., Cisco Systems Australia Pty Ltd, NEC Australia Pty Ltd, NCR Australia Pty Ltd, Diebold Nixdorf Australia Pty Limited, Panasonic Australia Pty Ltd, Samsung Electronics Australia Pty Ltd, among others are the leading players operating in Australia POS market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

“In terms of industry, retail segment is anticipated to dominate Australia POS market during the forecast period as several businesses in this segment have already implemented or are planning to implement POS so as to reduce waiting time at the checkout counters and offer enhanced customer experience.’’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia POS Market By Product Type, By Deployment, By Industry, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Australia POS market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia POS market.

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Ingenico International (Pacific) Pty Limited, VeriFone Australia Pty. Ltd., Toshiba TEC Australia Pty., Ltd., Cisco Systems Australia Pty Ltd, NEC Australia Pty Ltd, NCR Australia Pty Ltd, Diebold Nixdorf Australia Pty Limited, Panasonic Australia Pty Ltd, Samsung Electronics Australia Pty Ltd, among others are the leading players operating in Australia POS market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

“In terms of industry, retail segment is anticipated to dominate Australia POS market during the forecast period as several businesses in this segment have already implemented or are planning to implement POS so as to reduce waiting time at the checkout counters and offer enhanced customer experience.’’ said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia POS Market By Product Type, By Deployment, By Industry, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of Australia POS market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia POS market.

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Australia POS Market By Product Type (Fixed and mPOS), By Deployment (Cloud and On-Premise), By Industry (Retail, Travel & Hospitality, Media & Entertainment, Healthcare, Education and Others), Competition, Forecast & Opportunities, 2024

ICT | Mar, 2020

Increasing use of POS terminals in a wide range of end-use industries such as retail, hospitality and healthcare to drive Australia POS market through 2024

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