Handheld Point of Sale (POS) Device market shipments anticipated to reach $3.4 billion by 2020

Date: 2016-09-18

The advent of smart phones and rising popularity of mobile internet bolster Global Handheld Point of Sale (POS) Device market, in 2015, global handheld points of sale (POS) Device market shipments at $2.2 billion, according to research, the world Handheld Point of Sale (POS) Device market shipments are anticipated to reach $3.4 billion by 2020. 

Upon the past few years, the number of smartphone users have significantly increased. According to analytic reports, almost 20% of internet browsing is done using a handheld device. No doubt the adaptation of smart phones into point of sale systems was also founded. Today, many business and retail establishments began to implement handheld POS device to their arsenal.

On the basis of geography, the Asia is expecting to hold the position of largest market share in both consumption and production across the world followed by North America, the companies that have measurable shares in handheld point of sale device markets are being challenged by dozens of Chinese companies that make lightweight, inexpensive, very portable handheld point of sale (POS) devices. There is a significant other portion of market share that is at the low end of the market. Handheld point of sale device low end products come from multiple companies in China that collectively garner a significant market position.

Handheld Point of Sale (POS) devices are more versatile than existing standard PC based point of sale systems, providing greater range of functions and providing for wireless connectivity to the network. Both WiFi 802.1x fixed wireless and 4G / 3G wireless data solutions are supported by the handheld POS systems permitting seamless transport of information to enterprise systems. Transport of information does depend on middleware integration software.

Handheld Point of Sale (POS) Device market share by region as following:


Read Full Report:  http://www.gosreports.com/global-handheld-point-of-sale-pos-device-industry-2015-market-research-report/

Joanna | Executive – International Business and partner Relations

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