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Browse the Global Hospitality POS Terminals (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Restaurants, Lodging Establishments, and Others) Market - Growth cheap air force 1 mens , Share, Opportunities, Competitive Analysis, and Forecast 2016 鈥?2023 report at Insights

A Point of Sale terminal is an electronic systemdevice that accepts cashless payments from customers at a point of purchase. The use of Point-of-Sale terminals has completely revolutionized the restaurant and hospitality industry. The major impact is witnessed in fast food franchises, where the manager is able to take order from the customer and send it wirelessly to the kitchen, thereby reducing the time taken to process the order. Thus, use of POS terminals enable manager to speed-up the complete order taking process and reduce time taken to serve cheap air force 1 womens , thereby improving the operational efficiency and customer experience. Furthermore, the use of POS systems significantly reduces the total operating cost and mistakes made due to human error, which, in turn has a significant impact on the overall profit margins earned by restaurants. Profits earned in the hospitality industry are majorly driven by customer experience. As such, offering excellent customer service not only in terms of food quality, but also secured payment processing is very crucial. Security concerns related to data breaches have inhibited the use of POS terminals in the yester years. However, the vendors in collaboration with software developers have been able to develop POS terminals which make debit cardcredit card processing secure and seamless. In addition cheap air force 1 high , POS terminals enable lodgehotel owners to process complete lodging application data including check-in, express check-out, date and arrivals, online reservations, gift and loyalty cards efficiently. Thus, need for efficient operational management coupled with the customer-centric focus is collectively expected to drive demand for POS terminals in the hospitality sector.

In terms of geographic regions, Asia Pacific is expected to emerge as the fastest growing market during the forecast period. The anticipated growth in the region is expected to be driven by expanding fast food chains cheap air force 1 mid , especially in tier-3 and tier-2 cities.

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The advent of cloud-based solutions has offered the much needed impetus to the global POS terminals market that was struggling to gain traction. Their emergence has made market more competitive. The intensity of competition is expected to remain high as players strive to develop innovative and more secure solutions. Some of the leading and emerging players identified in this research study include Verifone Systems, Inc. (the United States), Ingenico S.A. (France), PAX Technology Ltd. (Hong Kong), Hewlett Packard (the United States), MICROS Systems, Inc. (the United States) cheap air force 1 low , NCR Corporation (the United States), Panasonic Corporation (Japan), Toshiba Corporation (Japan), and Samsung Electronics Co., Ltd. (South Korea) among others.

Key Trends:

Growing adoption of cloud-based (SaaS platform) POS terminal devices
Growing preference for card-based payments at restaurants, resorts, and lodging establishment
Compliance with EMV regulations to trigger replacement demand
Opportunity for hospitality service providers to efficiently manage operations such as check-ins cheap air force 1 , express check-outs, online reservations, and loyalty options
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