Australia POS market is anticipated to
grow at a CAGR of more than 10% during 2020 - 2024 on account of technological
advancements, affordable internet connectivity and increasing penetration of
smartphones. Point of sale (POS) terminals are used for handling payments and
checkouts. Modern POS terminals integrate multiple systems into a single
terminal to manage operations such as printing, card payments, billing and cash
collection. Moreover, need for user-friendly, secure and convenient payment
options is further bolstering the growth of Australia POS terminal market. A large
number of debit and credit card transactions is pushing the demand for POS
terminals among retailers and other end-users across the country. Additionally,
factors like low cost of the point of sale devices and easy deployment backed
by the increasing inclination towards cashless economy are anticipated to
positively influence Australia POS market through 2024.
Australia POS market can be segmented
based on product type, deployment, industry and regional analysis. On the basis
of product type, the market can be segmented into fixed and mPOS. Fixed POS
device segment dominated the market in 2018 and the segment is poised to grow
at an impressive rate during forecast period as well on account of early
introduction in the market. Based on the deployment, the market can be
bifurcated into cloud and on-premise, of which the former is anticipated to
grow at a significant pace during the forecast period on account of multiple
functionality and flexible pricing.
Major players operating in Australia POS
market include 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, etc.
Major companies are developing advanced technologies and launching new products
in order to stay competitive in the market.
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
of the Study:
analyze and forecast the market size of Australia POS market.
classify and forecast Australia POS market based on product type,
deployment, industry and regional distribution.
identify drivers and challenges for Australia POS market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Australia POS market.
identify and analyze the profile of leading players operating in the Australia
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Some of the leading players in Australia POS market include 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, etc.
TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of POS players across the country. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers which could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major service providers across the country.
Research calculated the market size of Australia POS market using a bottom-up approach, wherein
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
POS terminal manufacturers, suppliers and other
Trade Associations, organizations, forums and
alliances related to POS
Government bodies such as regulating authorities
and policy makers
Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as service
providers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
In this report, Australia POS
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, By Product Type:
- Market, By Deployment:
- Market, By Industry:
- Media & Entertainment
- Travel & Hospitality
- Market, By Region:
Company Profiles: Detailed analysis of the major companies
present in Australia POS market.
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
- Detailed analysis and
profiling of additional market players (up to five).