Among the product type segments, the fixed POS terminals segment in the global POS terminals market is estimated to account for a majority revenue share of US$ 464.8 Mn in 2017.
Among the application segments, financial institutions and third-party payment institutions, the financial institutions segment is expected to account for major share of 61.7% in terms of revenue in 2017 in the global market.
On the basis of region/country, the global POS terminals market is segmented into US, Europe, Japan, China, India, and Southeast Asia. The market in China is expected to dominate with major revenue share of US$ 204.6 Mn in 2017 in the global POS Terminals market and continue with its dominance over the forecast period. This can be attributed to growing government initiatives along with help of banks towards fostering non-cash payment mode and deployment of POS terminals in rural areas in order to improve rural payment services.
Key players operating in the global POS terminals market include Ingenico Group, VeriFone, Inc., Fujian Newland Payment Technology Co., Ltd., Fujian LANDI Commercial Equipment Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd., New Pos Technology Ltd., Bitel LLC, Cybernet Manufacturing, Inc., Castles Technology Co., Ltd., PAX Technology, Inc., and SZZT Electronics Shenzhen Co., Ltd.