Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia POS Terminal Market (2020-2026)” under Electronics category. The Saudi Arabia POS Terminal Market is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia POS Terminal Market (2020-2026): Market Forecast By Technology (Fixed, Portable), By Types (Countertop, Integrated, Smart, M-POS), By Applications (Retail, Entertainment, Hospitality, Healthcare & Others (Transportation, Public Infrastructure, Etc.)), By Regions (Western, Central, Eastern, Southern) And Competitive Landscape.
Saudi Arabia POS terminal market is expected to register considerable growth principally due to the increasing adoption of card transactions and technological advancement in the country. An increase in the number of pilgrims and tourists is also acting as a growth driver of the POS terminal market in Saudi Arabia. Based on the data provided by the Saudi Arabian Monetary Authority (SAMA), the number of POS transactions has shown a growth rate of approximately 30% from the year 2019 to Q2 2020. Additionally, several players are perusing partnerships and acquisitions to gain market share and enhance their customer base in Saudi Arabia. For instance, Gidea, one of the providers of payment systems has partnered with Linga in January 2020. The partnership will strengthen the payment terminal platform in the country and enhance the customer base. Further government initiatives such as Saudi Financial Sector Development Program which aims at promoting cashless transactions would also spur the demand for Saudi Arabia POS terminal market over the coming years.
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Saudi Arabia POS Terminal Market is projected to at a CAGR of 7.7% during 2020-2026. Saudi Arabia POS terminal market witnessed a slowdown in the beginning of 2020 due to the outbreak of the Covid-19 pandemic as all the economic activities were stopped and there was a nationwide lockdown. However, as the economy is returning to normalcy, a sudden rise in POS transactions is seen as people are preferring contactless transactions due to the fear of the spread of disease.
In terms of technology and type, the portable and mobile POS terminals are registering significant growth in Saudi Arabia market respectively. Additionally, the retail sector is dominating the market, with the hospitality and healthcare applications expected to witness healthy growth in the market due to increased spending on healthcare and traveling services by tourists in the country
The report comprehensively covers Saudi Arabia point-of-sale terminal market by technology, by types, by applications and by regions. The report provides an unbiased and detailed analysis of the point-of-sale 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.
Key Highlights:
Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues for the period, 2016-2019
Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues until 2026F
Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Technology, for the period 2016-2019
Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Technology until 2026F
Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Types, for the period 2016-2019
Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Types until 2026F
Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Applications, for the period 2016-2019
Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Applications until 2026F
Historical Data of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Regions, for the period 2016-2019
Market size and Forecast of Saudi Arabia Point-of-Sale Terminal Market Revenues, By Regions until 2026F
Market Drivers and Restraints
Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Revenue Share, By Company
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
Market Segmentation:
By Technology:
Fixed
Portable
By Types:
Countertop
Integrated
Smart
M-POS
By Applications:
Retail
Entertainment
Hospitality
Healthcare
Others (Transportation, Public Infrastructure, etc.)
By Regions:
Western
Central
Eastern
Southern
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