POS Market Growing, Clover Celebrates 1 Million Device Shipments

26 Oct 2018

chart upward

Point of Sales (POS) Systems are playing an increasingly important role for businesses across the globe – large and small. As these devices and solutions become more sophisticated and more deeply connected to the overall functions of a business, the market is expected to explode.

Market Growth

According to the latest from Index Markets Research, by 2022, the market size of the Point of Sale (POS) System is expected to reach $160 million. This is a vast improvement over the stagnant growth seen in the earlier years with economic growth at a standstill. From 2014-2017 the market only grew 13% to $65 million.

Along with the improved consumer confidence and spending, advanced point of sale systems that incorporate leading-edge technologies and support consumer payment demands are leading the charge.

Near field communications, mobile payments and chip readers are just some the ways today’s customers prefer to pay for goods and services versus carrying cash.

Clover Accomplishments

As further proof of strength in this market, First Data recently announced that it recently hit a significant milestone, selling 1 million Clover POS devices.

Clover is chosen by small and medium-sized businesses across the globe in various industries to improve productivity, efficiencies and to ensure payments are processed securely.

The payment technology is secure, reliable, stylish and easy to use.

Clover Station is a sleek and robust countertop system. Additional peripherals to support mobile workers, at the table ordering, receipt printing and more can be used together with cloud-based apps and solutions for better business management.

“I am thrilled to celebrate this important milestone with our team and our merchants around the world. Small and medium-sized businesses depend on the Clover platform to help run their business more efficiently and grow the business,” said Clover Founder John Beatty. “I’m proud of the work the team has accomplished in such a short amount of time to deliver the Clover platform and enable commerce for our clients.”

As a leader in merchant services and payment processing across the country, Turnkey can help you find the right payment processing solution for your business. Fill out the form below to get it touch today!

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