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Global POS Printer Market 2019-2023

Global POS Printer Market 2019-2023

About this market

The growth of the global POS printer market is driven by the increased adoption of mPOS printers. These printers offer the advantage of portability along with a compact design and low cost. The market is witnessing significant growth owing to the availability of cloud-based and wireless mPOS printers. mPOS printers are increasingly being deployed in restaurants, food trucks, and pop-up stores. The availability of a wide range of portable mPOS printers has given rise to growth opportunities in terms of new applications such as in the travel industry and food ordering services in stadiums. mPOS printers can connect via Bluetooth and the cloud. This has made it easy for users to operate these devices through mobile computing devices such as tablets and smartphones. The ease of connecting with any device or platform has driven users to adopt mPOS printers. These developments have led to the growing adoption of mPOS printers by small retail stores that do not want to invest in a complete POS terminal setup. Technavio’s analysts have predicted that the POS printer market will register a CAGR of close to 7% by 2023.

Market Overview

Increasing focus on maximizing product value offerings

The products offered in the global POS printer market are undifferentiated. Thus, market vendors have increased their focus on maximizing product value offerings to expand their customer base and remain competitive in the market. Vendors are also frequently upgrading their product offerings to stay ahead of their competitors. Adding value to products and frequently upgrading products helps vendors acquire new buyers and encourage old buyers to upgrade their existing products.

Increasing adoption of self-service kiosks

Self-service kiosks are automated, custom-configured computer systems through which customers can create invoices and execute monetary transactions without the need for human interaction or a POS terminal. These kiosks have integrated printing systems. Thus, the growing adoption of these systems will adversely affect the demand for POS printers.

For the detailed list of factors that will drive and challenge the growth of the POS printer market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s

competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global POS Printer Market 2019-2023

Technavio recognizes the following companies as the key players in the global POS printer market: Bixolon Co.,Ltd., HP Development Company, L.P., NCR, Seiko Epson Corporation, STAR MICRONICS CO., LTD..

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing investments in physical retail stores.”

According to the report, one of the major drivers for this market is the increasing focus on maximizing product value offerings.

Further, the report states that one of the major factors hindering the growth of this market is the growing preference for digital receipts is adversely affecting the demand for POS printers.

Companies Mentioned

Bixolon Co.,Ltd.
HP Development Company, L.P.
NCR
Seiko Epson Corporation
STAR MICRONICS CO., LTD.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electronics market
      • Table Segments of global electronics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Thermal POS printer - Market size and forecast 2018-2023
      • Table Thermal POS printer - Market size and forecast 2018-2023 ($ millions)
      • Table mPOS thermal printer product offerings
      • Table Thermal POS printer - Year-over-year growth 2019-2023 (%)
    • Impact POS printer - Market size and forecast 2018-2023
      • Table Impact POS printer - Market size and forecast 2018-2023 ($ millions)
      • Table Impact POS printer - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table mPOS printer product offerings
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing investments in physical retail stores
    • Increasing partnerships with market participants
    • Rising adoption of POS printers in emerging applications
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bixolon Co.,Ltd.
      • Table Bixolon Co.,Ltd. - Vendor overview
      • Table Bixolon Co.,Ltd. - Organizational developments
      • Table Bixolon Co.,Ltd. - Key offerings
    • HP Development Company, L.P.
      • Table HP Development Company, L.P. - Vendor overview
      • Table HP Development Company, L.P. - Business segments
      • Table HP Development Company, L.P. - Organizational developments
      • Table HP Development Company, L.P. - Geographic focus
      • Table HP Development Company, L.P. - Segment focus
      • Table HP Development Company, L.P. - Key offerings
    • NCR
      • Table NCR - Vendor overview
      • Table NCR - Business segments
      • Table NCR - Organizational developments
      • Table NCR - Geographic focus
      • Table NCR - Segment focus
      • Table NCR - Key offerings
    • Seiko Epson Corporation
      • Table Seiko Epson Corporation - Vendor overview
      • Table Seiko Epson Corporation - Business segments
      • Table Seiko Epson Corporation - Organizational developments
      • Table Seiko Epson Corporation - Geographic focus
      • Table Seiko Epson Corporation - Segment focus
      • Table Seiko Epson Corporation - Key offerings
    • STAR MICRONICS CO., LTD.
      • Table STAR MICRONICS CO., LTD. - Vendor overview
      • Table STAR MICRONICS CO., LTD. - Business segments
      • Table STAR MICRONICS CO., LTD. - Organizational developments
      • Table STAR MICRONICS CO., LTD. - Geographic focus
      • Table STAR MICRONICS CO., LTD. - Segment focus
      • Table STAR MICRONICS CO., LTD. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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