New Analysis from Global Industry Analysts Reveals Steady Growth for POS Machines, with the Market to Reach $138.1 Billion Worldwide by 2026

SAN FRANCISCO, Sept. 14, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "POS Machines - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 443
Companies: 41 - Players covered include AU Optronics Corporation; AURES Technologies SA; BBPOS International Limited; Boe Varitronix Ltd; Castles Technology Co., Ltd.; Centerm Information Co., Ltd.; Cybernet Manufacturing, Inc.; Ingenico Group; Mitsubishi Electric Corporation; NEW POS Technology Limited; Newland Payment Technology; PAX Technology Ltd.; Posiflex Technologies, Inc.; Sharp Corporation; Shenzhen Xinguodu Technology Co., Ltd.; SZZT Electronics Co., Ltd.; Toshiba Corporation; VeriFone Systems, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Industry (Retail & Consumer Goods, Travel & Hospitality, Manufacturing, Media & Entertainment, Healthcare, BFSI, Other Industries); Terminal Type (Fixed POS Terminal, Mobile POS Terminal, Pocket POS Terminal, POS GSM/GPRS Terminal)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global POS Machines Market to Reach $138.1 Billion by 2026
Amid the COVID-19 crisis, the global market for POS Machines estimated at US$75.5 Billion in the year 2020, is projected to reach a revised size of US$138.1 Billion by 2026, growing at a CAGR of 10.3% over the analysis period. Fixed POS Terminal, one of the segments analyzed in the report, is projected to record a 9.7% CAGR and reach US$38 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mobile POS Terminal segment is readjusted to a revised 10.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $22.6 Billion in 2021, While China is Forecast to Reach $28.2 Billion by 2026
The POS Machines market in the U.S. is estimated at US$22.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.2 Billion by the year 2026 trailing a CAGR of 13.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Pocket POS Terminal Segment to Reach US$28.7 Billion by the year 2026
In the global Pocket POS Terminal segment, USA, Canada, Japan, China and Europe will drive the 7.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$13.3 Billion in the year 2020 will reach a projected size of US$22.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.