Demand from retail merchants, hospitality providers and healthcare providers for cost-effective technologies to process payments and manage inventories real-time continues to grow. Mobile point of sale devices and software automate the shopping experience and increase the efficiency of the checkout process while increasing customer satisfaction.
According to Transparency Market Research, the global point-of-sale terminal market was $54.68 billion in 2016 and is estimated to grow an impressive CAGR of 11.5% 2017 to 2025.
- Current revenue growth rate is less than the average of the last 3 years, indicating that the market may be flattening, but the average growth rate is still 18%
- Current gross profit margin slightly exceeds the average of the last 3 years gross profit margin so companies are maintining margins.
- Current EBITDA margin exceeds the average of the last 3 years EBITDA margin, a condition that may attract new entrants.