According to the latest research report published by The Insight Partners, titled “Payment Machine Mounting Systems Market Forecast to 2027- COVID-19 Impact and Global Analysis”, the payment machine mounting systems market is expected to reach USD 413 million by 2027, registering a CAGR of 6.5% from 2020 to 2027.

The global payment machine mounting system market is a small market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Currently, North America leads the global market, followed by Europe and APAC. With the rise in demand for card-based payment in the North America region, several companies are engaged in developing payment terminal mounts or stands. The development of such a mechanism is attracting a significant percentage of end users, which is influencing the payment machine mounting system market to grow. The European population is exceptionally tech-savvy and adopt newer technologies quickly. The POS systems in the countries have long-standing experience. In addition, the retail sector, healthcare sector, and the hospitality industry in the European region are massive and are continually growing which is likely to drive the market. APAC region is showing tremendous growth in the retail sector, healthcare sector, and the hospitality industry. Technological advancements and adoption rate has soared up significantly in these countries. A substantial percentage of the population in the respective countries mentioned above have started using card-based payment in order to enhance the digitalization in the country. Pertaining to the rise in demand for card-based payment, the demand, and manufacturing of the POS system has ascended steeply. This, in turn, has led to the development and adoption of POS mounts or stands, thereby boosting the payment machine mounting system market.

For instance, in 2019, The Techpole offers installation service for POS mounts is aimed at different companies that do not have maintenance team to install the points of sale mounts. The company installs on all types of surfaces, glass, wood, steel, marble, and aluminum etc. The service includes the mounting of mounts for pin pad payment terminals, modular mounts with articulated arms. The North America are likely to witness high demand for Payment machine mounting system from 2020 to 2027.

The top five companies in the payment machine mounting system market are Apollo Electronics Co., Atdec Pty Ltd, Diwei Industrial Co., Ltd, Ergonomic Solutions, Lumi Legend Corporation The above listing of key players is derived by considering multiple factors such as overall revenue, current Payment machine mounting system solution portfolio, new product launches, market initiatives, investment in technology up gradation, mergers & acquisitions and other joint activities.

Key findings of the study:

Growing number of retail stores, hotels, museums, convention centers, and pubs is driving the use of POS solutions. With the adoption of advanced POS solutions, the need to have secure transactions for making bill payments has also increased, thereby encouraging the launch of new payment machine mounting systems. Due to changes in technology, the retail, hospitality, and healthcare landscapes are also changing. This factor is playing a vital role in developing modular POS mounting solutions for the modern environment of mentioned industries. The rising expectations of customers and modular workspaces would fuel the deployment of modular technology mounting solutions. In context to installation of POS solution, changing lifestyle of individuals has resulted in a number of hotels and dining places, contributing in deploying POS systems. The installation of POS systems in dining places and hotels is anticipated to boost the adoption rate of mounting systems to ensure secure payments in the coming years.

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