Kenya POS Terminal Market (2020-2026) | Outlook, Trends, Industry, Value, Revenue, Analysis, Size, COVID-19 IMPACT, Forecast, Growth, Companies & Share

Kenya POS terminal market is expected to witness substantial growth principally due to technological advancement and rising acceptance of cloud-based technology by banking systems in Kenya. The POS terminals are offering better flexibility and control to small and large scale businesses. The retail customers have started adopting payment through POS terminals for buying goods and services. Additionally, the small and medium enterprises and corporates are also adopting digital payment as it helps in generating higher revenues and results in increased footfall. Fast food, restaurants, and tourism are some of the key sectors which have recorded maximum usage of POS terminals in Kenya. Further, supermarkets, online stores, and fuel stations have also registered significant growth in POS adoption in the country. Moreover, increasing internet penetration and growing e-commerce sector would further drive the growth of POS terminal market in Kenya over the coming years.

According to 6Wresearch, Kenya POS Terminal Market is projected to witness growth during 2020-26. Government investment and initiatives towards digitization, rising adoption of e-payment platforms, increasing usage of mobile wallets, growing acceptance of EuroPay, MasterCard, and Visa cards as payment options, increasing partnerships and acquisitions as well as improvement in payment infrastructure are some of the key growth drivers of the POS terminal market in Kenya. However, the Kenya POS terminal market is expected to witness a slowdown at the beginning of the year 2020 due to the outbreak of the Covid-19 pandemic and the market is expected to recover gradually over the next few years.

In terms of applications, the healthcare application is witnessing a significant demand for POS terminals due to the outbreak of the Covid-19 pandemic in Kenya as hospitals are flooded with critical patients suffering from Coronavirus. Whereas, in terms of type, the portable and mobile POS terminals are registering significant growth in Kenya. Additionally, the retail and government and transportation applications are the key revenue generating verticals in the overall Kenya POS terminal market.

The Kenya POS terminal report thoroughly covers the market by type, by end-users, and by regions. Kenya POS terminal market outlook report provides an unbiased and detailed analysis of the on-going Kenya POS terminal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies accordingly to the current and future market dynamics.

Key Highlights of the Report:

• Kenya POS Terminal Market Overview
• Kenya POS Terminal Market Outlook
• Kenya POS Terminal Market Forecast
• Kenya POS Terminal Market Size and Kenya POS Terminal Market Forecast Until 2026
• Kenya POS Terminal Market Share, By Types
• Kenya POS Terminal Market Share, By End Users
• Kenya POS Terminal Market Share, By Regions
• Historical Data of Kenya POS Terminal Market Revenues and Volume for the period, 2016-2019
• Market size and Forecast of Kenya POS Terminal Market Revenues and Volume Until 2026
• Historical Data of Kenya POS Terminal Market Revenues and Volume, By Types, for the Period 2016-2019
• Market size and Forecast of Kenya POS Terminal Market Revenues and Volume, By Types, Until 2026
• Historical Data of Kenya POS Terminal Market Revenues and Volume, By End Users, for the Period 2016-2019
• Market size and Forecast of Kenya POS Terminal Market Revenues and Volume, By End Users, Until 2026
• Historical Data of Kenya POS Terminal Market Revenues and Volume, By Regions, for the Period 2016-2019
• Market size and Forecast of Kenya POS Terminal Market Revenues and Volume, By Regions, Until 2026
• Kenya POS Terminal Market Drivers and Restraints
• Kenya POS Terminal Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Kenya POS Terminal Market Opportunity Assessment
• Kenya POS Terminal Market Revenue Share, By Company
• Kenya POS Terminal Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Kenya POS terminal market report provides a detailed analysis of the following market segments:

• By Type
  • Portable
  • Countertop
  • Mobile POS
  • PIN Pad
  • Multimedia
• By End Users
  • Hospitality
  • Retail
  • Government & Transportation
  • Healthcare
  • Others

Frequently Asked Questions About the Market Study (FAQs):