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"
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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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