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Market Outlook
The global virtual payment (POS) terminals market attained a value of USD 9.2 billion in 2019. The industry is further expected to grow in the forecast period of 2020-2025 at a CAGR of 30% to reach USD 45 billion by 2025. 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.
Based on the platform, the industry can be divided into:
Software can be further divided into device based and web based.
The industry can be broadly categorised on the basis of its applications into:
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.
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:
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:
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 (2015-2019) & Forecast (2020-2025)
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 Events and Development
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