High Demand for POS Terminals in Retail Industry Drives Global M2M Services Market


Published Date : Jul 05, 2016

ALBANY, NY, July 05, 2016: MarketResearchReports.biz provides a top class collection of research material that spans across multiple industry verticals. The latest report to be added to its repertoire is titled “Global M2M Services Market In Retail Industry 2016-2020.” The report is a concise description – across 59 pages – of the role that the global M2M market has to play in the retail sector. As such, the report calculates the size of the global M2M market in the retail industry currently, and provides a forecast to justify the predicted size of the market in 2020.

The advent of machine to machine (or M2M) communication has revolutionized many industries in their manner of functioning. It is a major value addition to the various industrial activities, such as inventory tracking, parking control, supply chain management, fleet management, logistics, and warehouse management.

According to the report, the key driver for the global M2M market in the retail industry is the increasing use of point of sale terminals in the retail sector. These computerized cash registers make it highly convenient for consumers as well as store owners and vendors to conduct transactions. Thus, it promotes a higher usage of plastic money over paper, making it easier to manage accounts.

However, the global M2M market in the retail industry is still being restrained by a globally prevalent lack of standardization. Since there is no global standard of deploying and implementing M2M services, it becomes difficult to maintain records and conduct transactions while moving between regions.

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One of the major trends explained in detail in the report, is the growing adoption of digital signage in the global M2M market in the retail industry. This is a digital code usually attached to an electronic document. It is essential to speed up the verification process of a user, and is therefore being preferred in many businesses.

The report provides a geographically segmented view of the global M2M market in the retail industry, in which it divides the market into the Americas, Asia Pacific, and the EMEA regions. For each region, the report accumulates all current data and posts regional results in terms of growth rates, market sizes and values, and a brief reports of competitive presence.

The report analyzes the competitive landscape of the global M2M market in the retail industry on the basis of its key players: Vodafone, Verizon Communications, Rogers Communications, Deutsche Telekom, and AT&T. the report also involves multiple prominent vendors of the global M2M market in the retail industry for analytical purposes. These vendors include Zazoo, USA Technologies, Siemens, Robustel, POM, ParkMe, N&W Global Vending, Metric Group, M2M Connectivity, Happiest Minds, FAS International, Coinco, Carriots, and Cantaloupe Systems.

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