With the rise of mobile payment, pos machine industry is also developing rapidly. The traditional pos market is gradually being replaced by emerging pos brands. 1: History of pos industry Development pos industry has a long history, dating back to ancient China. Since the Han Dynasty, with the rapid development of economy and social progress, people gradually realized the important role of scientific and technological innovation in productivity, and gradually formed the integration mode of "production, university and research". In this context, Mr. He Shaohua, a famous Chinese educator and entrepreneur, founded the first POS machine manufacturing enterprise -- Shenyang Automation Instrument Factory in 1960. After 40 years of hard work, the factory has become one of the leading comprehensive electronic information industry groups in China. 2: Current market status According to market research firm Dataquest Inc. According to the latest research report, as of December 31, 2018, the global POS industry size reached $2.1 billion. The company expects global POS sales to grow to $29 billion by 2025. At present, China has become one of the world's largest consumer markets, and continues to increase its share. With the widespread application of mobile payment technology and equipment, as well as the change of people's consumption concept, in the next few years, Chinese POS machine market demand will also continue to maintain rapid growth. 3: Future development trend At present, with the progress of science and technology and the change of market demand, the pos industry is developing rapidly. According to HDI Consulting, a market research agency, the demand for POS machines in China will grow rapidly in the next few years. According to the latest data, by the end of 2016, the number of enterprises that have installed POS machines worldwide has reached about 100,000, and more than 50% of them have a market share of more than 90%. It is expected to be 2023
