With Castles Technology, Diebold Nixdorf, NCR, Panasonic and PAX Technology

company logo

company logo

DUBLIN, Oct. 12, 2022 (GLOBE NEWSWIRE) — The “Virtual Payment (POS) Terminals Global Market Report 2022” report has been added to ResearchAndMarkets.com’s supply.

The global virtual payment (POS) terminal market is expected to grow from USD 7.94 billion in 2021 to USD 10.59 billion in 2022, at a compound annual growth rate (CAGR) of 33.4%. The virtual payment (POS) terminal market is expected to reach USD 34.71 billion in 2026, growing at a CAGR of 34.6%.

North America is the largest region in the virtual payment (POS) terminal market in 2021. North America is expected to be the fastest growing region during the forecast period. The regions covered in this report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The growing popularity of digital payment methods is driving the virtual payment (POS) terminal market. The digital revolution has increased access to and use of financial services globally, changing the way people send and receive payments, borrow and save money.

In addition to the global spread of formal financial institutions, the COVID-19 pandemic has sparked financial inclusion and led to a significant growth in digital payments. Virtual payment (POS) terminals facilitate digital payments and manage payments by phone, mail, fax, email or in person. For example, in 2021, according to McKinsey’s 2021 Digital Payments Consumer Survey, digital payments will grow by 12% over the 2020-2021 period. Hence, the increase in digital payments is expected to drive the demand for virtual payment (POS) terminals over the forecast period.

Technological advancement is a key trend in the growing popularity of the virtual payment (POS) terminal market. Biometric payment systems are a technology that is widely used in virtual payment (POS) terminals. Biometric payment is a point-of-sale (POS) technology that uses biometric authentication based on physical characteristics to identify users and authorize withdrawals from bank accounts. In May 2022, global payments and technology company Mastercard launched a biometric checkout program.

Biometric checkout program participants allow customers to easily sign up for their biometric checkout service in-store or at home through a merchant or identity provider app. After signing up, there’s no need to rummage through their luggage or pockets, slowing down the checkout line. Customers can pay by simply verifying their bill, smiling at the camera, or waving their palm at the reader. New technologies give customers the freedom to choose their preferred payment method while ensuring a fast and secure checkout experience.

Reason for purchase

  • Gain a truly global perspective with the most comprehensive report on the market covering 12+ regions.

  • Find out how markets have been impacted by the coronavirus, and how markets are likely to emerge and grow as the impact of the virus fades.

  • Develop regional and national strategies based on local data and analysis.

  • Identify the growth portion of the investment.

  • Outperform the competition with forecast data and the drivers and trends shaping the market.

  • Get to know your customers based on the latest market research results.

  • Benchmark performance with leading competitors.

  • Leverage relationships between key datasets for superior strategy development.

  • Ideal to support your internal and external presentations with reliable high-quality data and analytics

scope

Markets Covered:

1) By solution: software platform; professional service
2) By Industry: Retail; Warehouse; Hospitality; Consumer Electronics; Food & Beverage; Healthcare; Entertainment; Other Industries

Key topics covered:

1.executive Summary

2. Characteristics of the virtual payment (POS) terminal market

3. Virtual Payment (POS) Terminal Market Trends and Strategies

4. Impact of COVID-19 on virtual payment (POS) terminals

5. Virtual Payment (POS) Terminal Market Size and Growth

6. Virtual Payment (POS) Terminal Market Segmentation

7. Virtual Payment (POS) Terminal Market Regional and Country Analysis

8. Asia Pacific virtual payment (POS) terminal market

9. China’s virtual payment (POS) terminal market

10. Indian virtual payment (POS) terminal market

11. Japan’s virtual payment (POS) terminal market

12. Australian virtual payment (POS) terminal market

13. Indonesia Virtual Payment (POS) Terminal Market

14. South Korean virtual payment (POS) terminal market

15. Western European virtual payment (POS) terminal market

16. UK virtual payment (POS) terminal market

17. German virtual payment (POS) terminal market

18. French virtual payment (POS) terminal market

19. Eastern European virtual payment (POS) terminal market

20. Russian virtual payment (POS) terminal market

21. North American virtual payment (POS) terminal market

22. US virtual payment (POS) terminal market

23. South American virtual payment (POS) terminal market

24. Brazilian virtual payment (POS) terminal market

25. Middle East virtual payment (POS) terminal market

26. African virtual payment (POS) terminal market

27. Virtual Payment (POS) Terminal Market Competitive Landscape and Company Profiles

28. Major mergers and acquisitions in the virtual payment (POS) terminal market

29. Future prospect and potential analysis of virtual payment (POS) terminal market

30. Appendices

mentioned company

For more information on this report, please visit https://www.researchandmarkets.com/r/3znyc3

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

Source link