TechNavio’s analysts forecast that the Global POS Market in Hospitality Industry will reach $15.5 billion in 2014. One of the key factors contributing to this market growth is growing need for better business intelligence. The POS market in Hospitality industry has also been witnessing increasing need for mobile POS terminals. However threat from local players and open source of POS software could be a challenge to the growth of this market.
Key vendors dominating this market space include MICROS Systems, Radiant Systems, NCR Corporation and PAR Technology Corporation.
TechNavio’s Global POS Market in Hospitality Industry 2010- 2014 has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on Americas, EMEA, APAC and covers the POS market in Hospitality industry and 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 HighlightsGrowing Frequency of Threats is Encouraging Adoption of Security Software
Research conducted by Technavio reveals, that the global security software market is expected to grow at a CAGR of 13.7 percent. The report, which focuses on Americas and EMEA indicates that the market is currently driven by the growing frequency and complexity of threats.
“Malware now consists of multiple components which can be installed after the initial injection. Further, there are social engineering Trojans that can trick end users into downloading malicious files. With the increasing frequency and growing complexity of threats, end users are increasingly opting for security software solutions,” reports Technavio analyst.
In spite of the need, growing piracy and rising adoption of pirated content by individual users, hinder the growth of this market. However, the growing adoption of cloud based services is expected to promote market growth.
The global security software market is marked by convergence of security solutions. 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 Security Software 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 Symantec Corp., McAfee Inc., IBM Corp. and Trend Micro Inc.
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