Market Forecast By POS Terminal Types (Portable, Countertop, Mobile POS, PIN Pad & Multimedia), By End Users (Hospitality, Healthcare, Retail, Government & Transportation and Others), By Countries (Mexico, Brazil, Argentina & Rest of Latin America) and Competitive Landscape
Product Code: ETC002518 | Publication Date: May 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America POS terminal market is witnessing significant growth primarily due to the increasing usage of digital platforms and e-commerce applications in the region. Additionally, increasing investment by enterprises for technological up-gradation to deliver secure payment solutions as well as rising adoption of mobile wallets and cloud applications are some of the other key factors which are driving the demand for POS terminals in Latin America. Further, government initiatives such as the integration of e-wallets and seamless payments for domestic, cross-border, and foreign exchange transactions as well as efforts by central banks to launch new digital technologies would further accelerate the demand for the POS terminals in Latin America over the coming years.
According to 6Wresearch, Latin America POS Terminal Market is expected to register substantial growth during 2020-2026. Rising usage of wireless payment system and cashless transactions, growing adoption of e-payment platforms, increasing usage of mobile wallets, growing acceptance of EuroPay, MasterCard, and Visa Cards as payment options as well as technological innovation and integration of cloud applications are some of the key growth drivers of the Latin America POS terminal market during the forecast period. However, the Latin America POS terminal market is expected to witness a slowdown at the beginning of 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 countries, Mexico and Brazil are the key revenue-generating markets in the overall Latin America POS terminal market owing to a surge in the adoption of online platforms for financial and cashless transactions in these countries. Additionally, in terms of type, the portable and mobile POS terminals are registering significant growth in Latin America. Further, the healthcare and retail verticals are dominating the overall Latin America POS terminal market due to the outbreak of the Covid-19 pandemic in the region.
Some of the leading players in the Latin America POS terminal market are Ingenico International India Pvt. Ltd., Mswipe Technologies Private Limited, Ezetap Mobile Solutions Pvt. Ltd., MobiSwipe Technologies Private Limited, Paynear One, PayU Money, ePaisa, Pine Labs, and PAX Technologies Pvt. Ltd.
The Latin America POS terminal market report thoroughly covers the market by terminals types, end-users, and countries such as Mexico, Brazil, and Argentina. The Latin America POS terminal outlook report provides an unbiased and detailed analysis of the ongoing Latin America POS terminal market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Latin America POS terminal market is anticipated to register sound revenues during the forecast period 2020-26F on the back of the rising potential growth of the healthcare sector across the region. Increased healthcare infrastructure clinics and labs along with increased payment technological revolutions in the healthcare sector like wireless technology have been emerging during payment and POS terminals are estimated to surge up across the region in the forthcoming year. In the entire Latin America Mexican city of Cancun is the most visited place which has led to the increased hospitality sector in the country where POS terminal is proven provide during payment time and is estimated to boost the growth of the Mexican country and would benefit the entire Latin America POS terminal market in the upcoming six years.
Latin America POS Terminal market is anticipated to register sound revenues in the upcoming six years on the back of the rising substantial growth of the commercial sector across the region. Additionally, the retail sector is estimated to generate high sales revenues in the upcoming six years on the back of the rising population base and card users simultaneously increase the adoption of POS terminal. Also, the tourism sector is the top reason for the growth of the hospitality sector coupled with the rising growth of the breweries industry exponentially in Brazil especially which is set to act as a growth proliferating factor for the growth of the Latin America POS Terminal market in the coming years.
Key Highlights of the Report:
Markets Covered:
The Latin America POS terminal market report provides a detailed analysis of the following market segments:
Other Key Related Reports Include:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights of The Report |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Latin America POS Market Overview |
3.1 Latin America Indicators |
3.2 Latin America POS Market Revenues & Volume, 2016-2026F |
3.3 Latin America POS Market Revenue Share, By Terminals Types, 2019 & 2025F |
3.4 Latin America POS Market Revenue Share, By End-Users, 2019 & 2025F |
3.5 Latin America POS Market Revenue Share, By Regions, 2019 & 2025F |
3.6 Latin America POS Market - Industry Life Cycle |
3.7 Latin America POS Market - Porter’s Five Forces |
4. Latin America POS Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Latin America POS Market Trends |
6. Latin America POS Market Overview, By Terminals Types |
6.1 Latin America POS Market Revenues & Volume, By Portable, 2016-2026F |
6.2 Latin America POS Market Revenues & Volume, By Countertop, 2016-2026F |
6.3 Latin America POS Market Revenues & Volume, By Mobile POS, 2016-2026F |
6.4 Latin America POS Market Revenues & Volume, By PIN Pad, 2016-2026F |
6.5 Latin America POS Market Revenues & Volume, By Multimedia, 2016-2026F |
7. Latin America POS Market Overview, By End-Users |
7.1 Latin America POS Market Revenues & Volume, By Hospitality & Healthcare, 2016-2026F |
7.2 Latin America POS Market Revenues & Volume, By Retail & e-Commerce, 2016-2026F |
7.3 Latin America POS Market Revenues & Volume, By Government & Transportation, 2016-2026F |
7.4 Latin America POS Market Revenues & Volume, By Others, 2016-2026F |
8. Mexico POS Market Overview |
8.1 Mexico POS Market Revenues & Volume, 2016-2026F |
8.2 Mexico POS Market Revenues, By Terminals Types, 2016-2026F |
8.3 Mexico POS Market Revenues, By End-Users, 2016-2026F |
9. Brazil POS Market Overview |
9.1 Brazil POS Market Revenues & Volume, 2016-2026F |
9.2 Brazil POS Market Revenues, By Terminals Types, 2016-2026F |
9.3 Brazil POS Market Revenues, By End-Users, 2016-2026F |
10. Rest of Latin America POS Market Overview |
10.1 Rest of Latin America POS Market Revenues & Volume, 2016-2026F |
10.2 Rest of Latin America POS Market Revenues & Volume, By Terminals, 2016-2026F |
10.3 Rest of Latin America POS Market Revenues & Volume, By End Users, 2016-2026F |
11. Latin America POS Market - Opportunity Assessment |
11.1 Latin America POS Market Opportunity Assessment, By Terminal Types, 2025F |
11.2 Latin America POS Market Opportunity Assessment, By End-Users, 2025F |
11.3 Latin America POS Market Opportunity Assessment, By Regions, 2025F |
12. Latin America POS Market Competitive Landscape |
12.1 Latin America POS Market Revenue Share, By Companies, 2019 |
12.1.1 Mexico POS Market Revenue Share, By Companies, 2019 |
12.1.2 Brazil POS Market Revenue Share, By Companies, 2019 |
12.2 Latin America POS Market Competitive Benchmarking, By Operating & Technical Parameters |
13. Company Profiles |
14. Key Recommendations |
15. Disclaimer |