Report forecast the global battery market for POS terminals
to grow at a CAGR of 9.35% during the period 2017-2021.
Increased penetration of POS terminals in the retail and
hospitality sectors is driving the market. The need for secure transactions by
the merchants in these sectors will likely fuel the market growth during the
forecast period. The rise in the number of retail outlets is another major
factor contributing to the growing sales of POS terminals. Post-2018, the
revenue earned by the vendors is likely to be largely based on the software and
add-on services provided by them. Add-on services include store management
tools such as inventory management, sales analysis, customer relationship management,
advertising, and marketing.
The report covers the present scenario and the growth
prospects of the global battery market for POS terminals for 2017-2021. To
calculate the market size, the report presents a detailed picture of the market
by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based
on geography:
- Americas
- APAC
- EMEA
According to the report, one driver in market is augmented
demand from the consumer electronic market. The consumer electronics market is
gaining momentum owing to the increase in disposable income and decreasing
price of consumer electronic products due to constant advances in technology.
The consumer electronic market is expected to grow during the forecast period.
In countries such as China, India, and Japan the living standard has increased
drastically in past years owing to increase in per capita income or average
income. With this increase in per capita income, the average spending has also increased
drastically. Due to this, the global consumer electronic market has increased.
Consumers are buying products as per their needs and the new technologies and
new features in consumer electronic products is driving the market growth.
Further, the report states that one challenge in market is
misconceptions regarding EMV POS terminals. Though many countries favor EMV POS
terminals to tackle card fraud, there is a lack of awareness among merchants
regarding the benefits of EMV POS terminals. This has hindered the adoption of
EMV terminals to an extent. Some merchants especially in the MSME segment have
low transaction volume and have never encountered card fraud. So, they are
reluctant to replace their existing POS terminals. The liability shift policy
has become effective in the US; however, there are several merchants who are
yet to adopt EMV-compliant POS terminals. Incurring additional costs for new
hardware is a major hindrance for them. There is also a small percentage of
vendors, mostly microenterprises, that are yet to be educated about the
liability shift policy.
Global Battery Market For POS Terminals 2017-2021,
has been prepared based on an in-depth market analysis with inputs from
industry experts. The report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the
key vendors operating in this market.
key players in the global battery market for POS terminals:
LiPol Battery, Overlander, Panasonic, and Shenzhen Glida Electronics.
Other Prominent Vendors in the market are: Ayaa Technology,
Hangzhou Future Power Technology, HCT Electric, Sanyi Doctor Technology,
Shenzhen Cowon Technology, Shenzhen CPKD Technology, Shenzhen Enbar Technology,
and Ubetter Technology.
Market driver
- Augmented demand from the consumer electronic market.
- For a full, detailed list, view our report
Market challenge
- Misconceptions regarding EMV POS terminals.
- For a full, detailed list, view our report
Market trend
- Growth of manufacturing hubs in Southeast Asia.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 70 pages and 34 Exhibits “Global
Battery Market for Point of Sale Terminals 2017 - 2021” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by battery type, Market segmentation by
end-user, Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape,
Key vendor analysis, Appendix.
For
more information Visit at: http://mrr.cm/3jm
Related Reports;
Global Batteries Market for Smart Wearables 2017-2021 -
Visit at - http://mrr.cm/3js
Global Inverter Market 2017-2021 - Visit at - http://mrr.cm/3je
No comments:
Post a Comment