Future market research insights:
Due to rising POS demand for effective administration across gas stations and convenience stores, as well as rising use of cloud POS and mPOS systems, the gasoline and convenience store PoS industry has experienced substantial development. According to MRFR, the gasoline and convenience store PoS market has been expanding quickly over the past few years and is anticipated to increase from USD 366 million in 2020 to USD 3.32 billion by 2030, at a CAGR of 24.26%.
Gas station convenience stores deal with a lot of transactions every day, and managing these transactions is challenging. As a result, there is a tremendous rise in demand for point-of-sale terminals and software. Convenience retailers that use POS systems experience smooth payments. All the locations are synced, and it has features that save time and boost income. To enhance the purchasing experience for customers, gasoline station retailers are increasingly utilising portable mobile POS systems. Customers may use these systems/terminals to pay using EMV/chip cards, credit or debit cards, and mobile wallets, which speeds up the payment processing process.
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Key players:
These players put an emphasis on innovation and spend money on R&D to build a line of affordable products. Recent mergers and acquisitions among the major players have been an approach used by corporate organisations to expand their consumer base.
Fujitsu Ltd. (Japan), VeriFone, Inc. (United States), Diebold Nixdorf, Incorporated (United States), NCR Corporation (United States), and LS Retail (United States) (Iceland)
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Market segmentation:
The global market for point-of-sale systems in gas stations and convenience stores has been divided into submarkets based on component, application, and end use.
A division into solutions and services has been created on the basis of the component. Fixed/traditional/Legacy PoS, cloud pos, and mobile pos are the three subcategories that make up the solution category. Managed services and professional services are the two sub-categories that make up the service segment.
On the basis of the applications it serves, has been broken down into reporting and analytics, cash management, inventory management, operations management, and other management types.
Gasoline stations and convenience shops have been distinguished as separate submarkets within the global fuel and convenience store PoS market on the basis of their respective end uses.
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Regional analysis:
The market for gasoline and point-of-sale systems has been divided into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America based on region. With a market value of USD 19,609.7 million, Asia-Pacific held the greatest market share of 36.9% in 2020. North America, which held a 44.3% market share in 2018, is the market leader. The market in North America is anticipated to be driven by technological developments, rising POS need for effective administration across convenience shops and gas stations, and rising usage of cloud-based POS and mobile POS.
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