According to the latest research report published by The Insight Partners, titled “Payment Machine Mounting Systems Market”, the payment machine mounting systems market is expected to reach USD 413 million by 2027, registering a CAGR of 6.5% from 2020 to 2027.
Top Company Profiles
HPC System, Innovative Office Products, LLC, Apollo Electronics Co., Ltd., LUMI LEGEND CORP, Atdec Pty Ltd, Diwei Industrial Co., Ltd., ENS-CO, Ergonomic Solutions, MMF POS, TechPole
Another factor boosting the growth of the payment machine mounting system market in APAC is the development and adoption of integrated POS stands. The integrated stands facilitate the end users to mount monitors and POS terminals on one single construction, thereby enabling the users to save floor space. Since the APAC countries are experiencing a significant surge in the number of customers in hypermarkets, supermarkets, and convenience stores, it is becoming necessary for the owners to increase payment counters utilizing minimum space.
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Moreover, the surge in digitalization in the banking sector in the region has led to a rise in the availability of debit cards and credit cards. The easy obtain ability of these cards has enabled a significant fraction of the population to use card-based payments, which has led to a rise in the adoption of POS terminals. Therefore, the rise in POS terminals at large retailers, hotels, restaurants, and hospitals has increased the demand for POS mounts. The SMEs in the end users, as mentioned above, are incorporating POS terminals into their systems, which is expected to create lucrative business opportunities for payment machine mounting system market players in the coming years.
Key findings of the study:
Growing number of retail stores, hotels, museums, convention centers, and pubs is driving the use of POS solutions. With the adoption of advanced POS solutions, the need to have secure transactions for making bill payments has also increased, thereby encouraging the launch of new payment machine mounting systems. Due to changes in technology, the retail, hospitality, and healthcare landscapes are also changing. This factor is playing a vital role in developing modular POS mounting solutions for the modern environment of mentioned industries. The rising expectations of customers and modular workspaces would fuel the deployment of modular technology mounting solutions. In context to installation of POS solution, changing lifestyle of individuals has resulted in a number of hotels and dining places, contributing in deploying POS systems. The installation of POS systems in dining places and hotels is anticipated to boost the adoption rate of mounting systems to ensure secure payments in the coming years.
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