TechNavio’s analysts forecast that the Global POS Hardware market will reach $31.4 billion in 2014. One of the key factors contributing to this market growth is the adoption of hardware interface standards. The Global POS Hardware market has also been witnessing wireless POS (WPOS) hardware which provides enhanced mobility. However data accuracy and compatibility concerns could be a challenge to the growth of this market.
Key vendors dominating this market space include Ingenico, VeriFone, Hypercom, Cybernet, and Gemalto.
TechNavio’s Global POS Hardware market 2010 - 2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Global POS Hardware market and covers its growth prospects.
Key questions answered in this report:
What will the market size be in 2014 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
Report HighlightsGovernment Initiatives are Driving the Adoption of Point of Care Devices
Research conducted by Technavio reveals, that the global point of care devices is expected to grow at a CAGR of 7.4 percent. The report, which focuses on EMEA, America and APAC indicates, that the market is currently driven by initiatives taken by various governments such as Europe.
“The European Government and the Council of In-Vitro Diagnostic Medical Devices collaborated to remove technical barriers to trade medical devices and tried to create a single market for medical devices in the European continent. This has given the European POC devices market a major boost,” reports Technavio analyst.
In spite of the need, low data security, hinder the growth of this market. However, the increase in new testing opportunities is expected to promote market growth.
The global point of care devices market is marked by gradual increase in growth of APAC market share. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy.
The report, Global Point of Care Devices Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis.
Companies mentioned in this report include: Bayer Healthcare AG, Beckman Coulter Incorporation, Johnson & Johnson ,Roche Diagnostics Corporation and Siemens Healthcare Diagnostics.
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