Global handheld POS market is anticipated to witness significant growth owing to the enhanced user experience and mobility. Ease of payment procedures along with need for modernization in healthcare, restaurants, supply chain and retail sectors are projected to fuel the handheld POS market.
Handheld POS supports both Wi-Fi 802.1x fixed wireless data solutions and 4G/3G technologies allowing flawless information transport to enterprise systems which is projected to drive the handheld POS market. The handheld POS market is expected to witness significant growth owing to retail process and cost effective inventory made by portable terminal function set comprising wireless transport and capability.
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The segments addressed by handheld POS devices relates to extension of standard cash register POS terminals, portable combined on-site terminals, mobile indoor payment POS solutions and integrated direct inventory POS applications. The handheld POS helps retailers to combine in-store and back office solutions along with control inventory flow for enhanced productivity. Additionally, handheld POS devices guide in tracking customer facing technologies and customer purchase pattern which helps in increasing customer loyalty sales and retention which is further projected to drive surge the handheld POS market
Handheld POS offers quick centralization of data, easy data accessibility and low costs which is projected to trigger handheld POS market growth over the next six years. Increased adoption of credit and debit cards owing to rising customer preference coupled with rising popularity of tablets, smart phones and various handheld devices is anticipated to offer notable opportunities for the handheld POS market.
Lack of awareness and network infrastructure about the handheld POS systems is expected to hinder handheld POS market growth.
The handheld POS market can be classified by the components into software and hardware. On the basis of application the market can be categorized into restaurant, distribution/warehouse, hospitality, entertainment and retail.
North America is expected to be the prevailing region for the handheld POS market. Asia Pacific is projected to evolve as a prominent region owing to the low manufacturing costs provided by various Chinese companies.
Key players in the handheld POS market include Fujitsu Ltd, Motorola Solutions, Kaching Mobile, Casio, Fersion Computer Technology Co. Ltd, Honeywell Scanning and Mobility, Intermec, Oracle, Bizsoft Computer Technology Co. Ltd and Cybernet.
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