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Global Virtual Payment (POS) Terminals Market: By Platform: Software, Service; By Application: Retail, Warehouse, Hospitality, Consumer Electronics, Food & Beverage, Health Care, Entertainment, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Virtual Payment (POS) Terminals Market Outlook
The global virtual payment (POS) terminals market attained a value of USD 9.2 billion in 2020. The industry is further expected to grow in the forecast period of 2021-2026 at a CAGR of 30% to reach USD 45 billion by 2026. The industry is primarily being driven by the rising urbanisation globally.
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Properties and Applications
A virtual POS (Point of Sale) refers to a web or windows application which can be used to authorize card transactions by card-acceptor traders manually. Most providers of payment services have this kind of versatility.
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Based on the platform, the industry can be divided into:
- Software
- Service
Software can be further divided into device based and web based.
The industry can be broadly categorised on the basis of its applications into:
- Retail
- Warehouse
- Hospitality
- Consumer Electronics
- Food and Beverage
- Health Care
- Entertainment
- Others
The EMR report looks into the regional markets of virtual payment (POS) terminals like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The market is being driven by the proliferation of Near Field Communications (NFC) devices in the industrial ecosystem and the increasing demand for contactless payments. The increasing demand for these terminals in the next couple of years is expected to rise investments in technology like end-to-end encryption for safe payment solutions and consumer convenience. Because of the increased mobile penetration, large companies in the business are concentrating more on technology advancements. These factors are expected to drive the growth of the virtual payment (POS) terminals industry.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global virtual payment (POS) terminals market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Cisco Systems, Inc. (NASDAQ: CSCO)
- Fujian Newland Payment Technology Co., Ltd.
- Ingenico Group
- NCR Corporation
- NEC Corporation
- PAX Technology
- Samsung Electronics Co., Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Questions Answered in the Market Report
- How has the global virtual payment (POS) terminals market performed in the previous years (2016-2020)?
- What is the forecast assessment of the market for 2021-2026?
- What are the major drivers of the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major constraints of the historical (2016-2020) and forecast (2021-2026) periods?
- What are the major price indicators of the global virtual payment (POS) terminals industry?
- What are the major demand indicators of the global market?
- Who are the key players in the global virtual payment (POS) terminals industry?
- What is the degree of competition in the global market?
- What are the major events and developments taking place within the global industry?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Assumptions
2.5 Market Models
3 Introduction
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Virtual Payment (POS) Terminals Market Analysis
6.1 Figure: Global Virtual Payment (POS) Terminals Historical Market (2016-2020) & Forecast (2021-2026)
6.2 Chart: Global Virtual Payment (POS) Terminals Market Breakup by Platform
6.2.1 Software
6.2.1.1 Device Based
6.2.1.2 Web Based
6.2.2 Service
6.3 Figure: Global Virtual Payment (POS) Terminals Market Breakup by Platform: Historical Market (2016-2020) & Forecast (2021-2026)
6.3.1 Software
6.3.1.1 Device Based
6.3.1.2 Web Based
6.3.2 Service
6.4 Chart: Global Virtual Payment (POS) Terminals Market Breakup by Application
6.4.1 Retail
6.4.2 Warehouse
6.4.3 Hospitality
6.4.4 Consumer Electronics
6.4.5 Food & Beverage
6.4.6 Health Care
6.4.7 Entertainment
6.4.8 Others
6.5 Figure: Global Virtual Payment (POS) Terminals Market Breakup by Application: Historical Market (2016-2020) & Forecast (2021-2026)
6.5.1 Retail
6.5.2 Warehouse
6.5.3 Hospitality
6.5.4 Consumer Electronics
6.5.5 Food & Beverage
6.5.6 Health Care
6.5.7 Entertainment
6.5.8 Others
6.6 Chart: Global Virtual Payment (POS) Terminals Market Breakup by Region
6.6.1 North America
6.6.1.1 United States of America
6.6.1.2 Canada
6.6.2 Europe
6.6.2.1 Germany
6.6.2.2 United Kingdom
6.6.2.3 France
6.6.2.4 Italy
6.6.2.5 Others
6.6.3 Asia Pacific
6.6.3.1 China
6.6.3.2 Japan
6.6.3.3 India
6.6.3.4 ASEAN
6.6.3.5 Others
6.6.4 Latin America
6.6.4.1 Brazil
6.6.4.2 Mexico
6.6.4.3 Argentina
6.6.4.4 Others
6.6.5 Middle East & Africa
6.6.5.1 Saudi Arabia
6.6.5.2 United Arab Emirates
6.6.5.3 Nigeria
6.6.5.4 South Africa
6.6.5.5 Others
6.7 Figure: Global Virtual Payment (POS) Terminals Market Breakup by Region: Historical Market (2016-2020) & Forecast (2021-2026)
6.7.1 North America
6.7.1.1 United States of America
6.7.1.2 Canada
6.7.2 Europe
6.7.2.1 Germany
6.7.2.2 United Kingdom
6.7.2.3 France
6.7.2.4 Italy
6.7.2.5 Others
6.7.3 Asia Pacific
6.7.3.1 China
6.7.3.2 Japan
6.7.3.3 India
6.7.3.4 ASEAN
6.7.3.5 Others
6.7.4 Latin America
6.7.4.1 Brazil
6.7.4.2 Mexico
6.7.4.3 Argentina
6.7.4.4 Others
6.7.5 Middle East & Africa
6.7.5.1 Saudi Arabia
6.7.5.2 United Arab Emirates
6.7.5.3 Nigeria
6.7.5.4 South Africa
6.7.5.5 Others
7 SWOT Analysis
7.1 Overview
7.2 Strengths
7.3 Weaknesses
7.4 Opportunities
7.5 Threats
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Buyer’s Power
8.3 Supplier’s Power
8.4 New Entrants
8.5 Degree of Rivalry
8.6 Substitutes
9 EMR’s Key Indicators for Demand
10 EMR’s Key Indicators for Price
11 Competitive Landscape & Supplier Analysis
11.1 Cisco Systems, Inc. (NASDAQ: CSCO)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.2 Fujian Newland Payment Technology Co., Ltd.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.3 Ingenico Group (EPA: ING)
11.3.1 Company Overview
11.3.2 Financial Analysis
11.4 NCR Corporation (NYSE: NCR)
11.4.1 Company Overview
11.4.2 Financial Analysis
11.5 NEC Corporation (TYO: 6701)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.6 PAX Technology
11.6.1 Company Overview
11.6.2 Financial Analysis
11.7 Samsung Electronics Co., Ltd.
11.7.1 Company Overview
11.7.2 Financial Analysis
11.8 Others
12 Industry Events and Development
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