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Handheld Point of Sale (POS) Device Market Size, CAGR, Trends 2024-2030

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LeoFranklin
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Market Overview and Report Coverage

A Handheld Point of Sale (POS) Device is a portable electronic device used by businesses to accept card payments, manage inventory, track sales, and generate reports. These devices provide convenience and flexibility to businesses, allowing them to process transactions on the go.

The current outlook of the Handheld Point of Sale (POS) Device Market is optimistic, with a growing demand for portable payment solutions among small and medium-sized businesses. The market is expected to grow at a CAGR of % during the forecasted period, driven by factors such as increasing adoption of mobile payment technologies, rising trend of cashless transactions, and the need for efficient transaction processing.

The future of the Handheld Point of Sale (POS) Device Market looks promising, with advancements in technology leading to more sophisticated and feature-rich devices. The market forecast suggests a steady growth in demand for handheld POS devices, as businesses continue to prioritize convenience, mobility, and security in their payment processing solutions. Latest market trends also indicate a shift towards cloud-based POS systems, integration of contactless payment options, and enhanced data analytics capabilities in handheld devices.

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Market Segmentation

The Handheld Point of Sale (POS) Device Market Analysis by types is segmented into:

  • Traditional POS
  • Smart POS

 

Traditional POS devices are the traditional cash registers used by retailers to process transactions. They are usually stationary and require a physical connection to process payments. On the other hand, Smart POS devices are handheld, portable devices that use wireless technology to process transactions on the go. They offer greater mobility and flexibility for businesses, allowing them to accept payments anywhere. Both types of devices are crucial for modern businesses to efficiently manage their sales and improve customer experience.

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The Handheld Point of Sale (POS) Device Market Industry Research by Application is segmented into:

  • Healthcare
  • Retail
  • Hospitality
  • Airport
  • BFSI
  • Others

 

Handheld POS devices are increasingly used across various industries such as healthcare, retail, hospitality, airport, BFSI, and others. In healthcare, these devices help in processing payments efficiently and securely. In retail, they facilitate fast and convenient transactions for customers. In hospitality, they streamline the ordering and payment process. In airports, they assist in ticketing and retail operations. In BFSI, they enable secure and convenient financial transactions. In other industries, they improve operational efficiency and customer experience.

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In terms of Region, the Handheld Point of Sale (POS) Device Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

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What are the Emerging Trends in the Global Handheld Point of Sale (POS) Device market?

The Global Handheld Point of Sale (POS) Device market is experiencing rapidly increasing demand due to the shift towards digital payments, rising adoption of mobile technology, and growing popularity of contactless payment methods. Key trends include the integration of advanced technologies such as biometrics and AI, the development of compact and user-friendly devices, and the emergence of cloud-based POS solutions. Additionally, the market is witnessing a rise in demand for POS devices in industries such as retail, hospitality, and healthcare, as businesses seek to enhance efficiency and improve customer experience through mobile POS solutions.

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Major Market Players

The Handheld Point of Sale (POS) Device market is highly competitive with key players like Ingenico Group, Casio Computer, Datalogic, First Data Corporation, Fujitsu, Honeywell International, NCR Corporation, Motorola Solutions, Oracle, and Verifone.

Ingenico Group is a leading player in the market with a strong focus on innovation and customer service. The company has seen significant market growth in recent years due to the increasing demand for secure and user-friendly POS solutions. Ingenico reported sales revenue of around $ billion in the last fiscal year.

Verifone is another major player in the market, known for its range of secure payment solutions. The company has also experienced growth in recent years, with sales revenue of approximately $2.3 billion. Verifone has been focusing on developing advanced POS devices that offer enhanced security features to protect customer data.

NCR Corporation is a well-established player in the POS industry, known for its innovative solutions and strong global presence. The company reported sales revenue of around $6.5 billion in the last fiscal year. NCR has been leveraging advanced technologies like AI and cloud computing to develop cutting-edge POS devices that cater to the evolving needs of retailers.

Overall, the Handheld POS Device market is witnessing continuous growth as businesses across various sectors look to adopt advanced solutions to streamline their operations and enhance customer experience. Key players in the market are investing in research and development to introduce new features and functionalities that meet the changing demands of the industry. The increasing adoption of mobile POS devices and rising demand for secure payment solutions are expected to drive market growth in the coming years.

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