Lewes, DE -- (SBWIRE) -- 02/17/2016 -- Report forecast the global PoS printer market to grow at a CAGR of 7.77% during the period 2016 - 2020.

A PoS printer is primarily used to print and encode receipts at retail stores, and hotel and restaurants chains. There are two main types of PoS printers in the global market - impact and thermal.

The report covers the present scenario and the growth prospects of the global PoS printer market for 2016-2020. To calculate the market size, the report considers the revenue generated from the shipments of PoS printers across the globe.

The market is divided into the following segments based on type of POS printers:
- Impact
- Thermal

Global POS Printer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, the increasing usage of debit/credit card by users across various channels (such as PoS terminals, retail stores and other sectors), the advent of cashless transactions, and requirement for receipts to track financial data will drive the demand for PoS printers in the market.

Further, the report states that the increasing use of e-documents by mobile phone users that save documents to track their financial transactions hinders the sales of PoS printers.

Key players in the Global POS Printer Market: HP, Seiko Epson and Star Micronics

Other Prominent Vendors in the market are: Bixolon, Boca Systems, Cognitive TPG, CUSTOM SPA, NCR, Pertech Industries, Woosim, and Zebra.

Market driver
- Increasing usage of cards for payments
- For a full, detailed list, view our report

Market challenge
- Growing mobile payment market
- For a full, detailed list, view our report

Market trend
- Growing demand for advanced PoS printers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 47 pages "Global POS Printer Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Impact of drivers, Impact of drivers and challenges, Market segmentation by type, Geographical segmentation, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-pos-printer-market-2016-2020

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