According to the market research report released by Technavio, the global battery market for point of sale terminals is expected to accelerate at a CAGR of over 9% during the forecast period. The growing regulatory intervention on secure payments is one of the key factors triggering the growth of the market.
This research report titled ˜Global Battery Market for Point of Sale Terminals 2017-2021 provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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The market research analysis categorizes the global battery market for point of sale terminals into the following end-users:
In 2016, the retail segment accounted for nearly 66% of the global market and is projected to decline to 63% by 2021, exhibiting almost 3% decrease in market share.
Global battery market for point of sale terminals: Top emerging trend
Wider adoption of contactless payment systems is an emerging trend in the market. There is an increase in the adoption of contactless payment systems among merchants. In these systems, the transaction takes place with the help of NFC technology, which is present in transmitters and readers. The cards issued by Visa or MasterCard have a symbol that is unique to contactless payments. These contactless cards are placed near a contactless reader that can accept payments within a second. The details of such cards can also be stored on mobile devices that have NFC technology to make payments. Contactless payment systems are the fastest mode of making payments but are not safe. They do not require a personal identification number to a certain limit; thus, lost cards are vulnerable to fraud until they are reported.
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Technavios report provides expert market research on the following topics:
- Market Outline
- Global Battery Market for Point of Sale Terminals Overview
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by end-user (retail and hospitality)
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (LiPol Battery, Overlander, Panasonic, and Shenzhen Glida Electronics)
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