Virtual Payment (POS) Terminals market

Virtual Payment (POS) Terminals Market Set to occupy CAGR of +28% with leading players VeriFone Systems Inc., PAX Technology, Ingenico Group, Shenzhen Xinguodu Technology Company Ltd., Panasonic Corporation, Fujian Newland Payment Technology Co., Ltd., NCR Corporation, Squirrel Systems

E-commerce, Finance, Information Technology, Press Release, Services, Software

The virtual payment (POS) terminal market is expected to occupy the US $ +78 billion by 2026, with a CAGR of +28% from 2019 to 2027.

A virtual payment (POS) terminal is a web-based version of a credit card swipe device that allows merchants to process orders via email, phone, or online. Virtual terminals are easier for the dealer because they do not require specialized hardware or even software. Because disbursement connections are made through the Virtual Payment Provider’s website, the third-party provider – not the merchant – is liable for ensuring compliance with the requirements of the PCI DSS. The merchant will not be interested in the PCI DSS requirements unless it stores, processes or sends the same permanent account number (PAN).

The global “Virtual Payment (POS) Terminals Market” research report provides a professional outlook for industry and breakdown data by manufacturer, region, type and application, and provides market status, market share, growth rate, and future prospects, analysis of five forces: trends, market drivers, opportunities, challenges, risks, barriers to entry, sales channels, distributors and porters.

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Key players in Virtual Payment (POS) Terminals Market: VeriFone Systems Inc., PAX Technology, Ingenico Group, Shenzhen Xinguodu Technology Company Ltd., Panasonic Corporation, Fujian Newland Payment Technology Co., Ltd., NCR Corporation, Squirrel Systems

Segmentation of Virtual Payment (POS) Terminals Market On the Basis of Type:

  • Software Platforms
  • Device-based
  • Web-based
  • Professional Services

Segmentation of Virtual Payment (POS) Terminals Market On the Basis of Application:

  • Retail
  • Warehouses
  • Hospitality
  • Consumer Electronics
  • Food & Beverages
  • Healthcare
  • Entertainment
  • Others (IT & telecom, BFSI, etc.)

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The report categorizes the global Virtual Payment (POS) Terminals market by type and application. A detailed analysis of key players and the key growth strategies they have adopted are also described.

This report is a global outlook report that includes market definitions, classifications, manufacturing processes, cost structures, development policies, and plans, with comprehensive coverage of regional segments covering North America, Europe, Asia Pacific, Middle East, Africa and other regions. The report provides a simple analysis.

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Questions answered by the market report:

  • What will be Virtual Payment (POS) Terminals market value and growth rate in 2019?
  • What are the key market forecasts?
  • What is driving this sector?
  • What are the conditions for market growth?
  • Who are the main vendors in this market environment?
  • What are the segment risk opportunities facing this industry and the key vendors?
  • What are the strengths and weaknesses of major vendors?

In this study, the years considered to estimate the market size of the Virtual Payment (POS) Terminals market are:

History year: 2013-2017

Base year: 2018

Estimated year: 2019

Forecast period: 2019 to 2026

For the data information by region, company, type, and application, 2018 is considered the base year. The previous year is taken into account whenever data information for the base year is not available.

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