The global retail POS market size is projected to grow from USD 15.28 billion in 2020 to USD 34.01 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.55% during the forecast period.
The MarketInsightsReports has recently added a latest report on “Retail POS System Market” to get a stronger and effective business outlook with strategic analysis and a holistic overview of the market situations in the forecast period. The essential purpose of this report is to help the user understand the market in terms of definition, market potential, latest trends, and industry challenges. Retail POS System market research includes a summary of product specifications, production analysis and latest trends, as well as market essential elements including gross margin, revenue, and cost structure. The report has also focused on SWOT, PESTLE, and Porter’s Five Forces analysis of the global Retail POS System Market.
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Market Overview:
The major growth drivers for the market include growing interest in non-cash transactions among consumers, increased data visibility through cloud POS systems and enhanced service delivery. However, data security concerns may restrain the market growth. Some of the key benefits of going cashless that are attracting more consumers include safety, growth on saved funds in accounts, better money management, and flexibility. The ability to make different types of digital payments through banking cards is enabling consumers to opt for cashless payment modes. Users can store their card information in digital payment apps or mobile wallets to mark cashless payments. With the rising concerns over the safety of handling cash transactions due to the COVID-19 pandemic, merchants, as well as consumers, are relying on contact-less payment modes to avoid the risk of getting infected.
Regional Analysis:
APAC countries are increasingly investing in retail POS projects. The retail POS market in APAC has been sub-segmented into China, Japan, India, and the rest of APAC. A rapidly growing customer base, due to the increasing prominence of SMEs, coupled with the reduction in TCO, is expected to drive the retail point of sale market growth in APAC. Benefits associated with retail POS systems, such as low queue time, high degree of security, paper-free receipt option, decrease in check-out space requirement, and increase in floor space, would help fuel the growth of the retail POS market in APAC. The booming retail sector and emerging infrastructures in the region would further facilitate the growth of the retail point of sale market in APAC.
Top Leading Companies of Global Retail POS System Market are – Shopify, Square, Lightspeed, Heartland Payment Systems, Fiserv, Intuit, Vend, NCR Corporation, Rain, iQmetrix, Odoo, LS Retail, LivePOS, Retail Pro International, Oracle, MicroBiz, Tessitura Network, accesso, Tri-Technical Systems, Cin7, EposNow.com, SpotOn, RICS Software, Pacific Amber Technologies, Hike, Aptos, Epicor, CRITI, Vantiv, Bindo Labs and Others.
Industry News and Updates:
In January 2021, NCR is looking to acquire Cardtronics. The acquisition of Cardtronics will accelerate and expand the NCR-as-a-service strategy.
In December 2020, Intuit acquired Credit Karma, the consumer technology platform with more than 110 million members in the US, Canada, and the UK.
In November 2020, SAP acquired Emarsys, one of the leading omnichannel customer engagement platform providers.
In September 2020, Diebold Nixdorf partnered with Co-op Group to include managed services and remote monitoring of self-service and POS systems throughout the UK. This comprehensive offering optimizes members’ shopping journeys by speeding up consumer checkout and enhances the company’s operational efficiency.
In November 2019, Ingenico partnered with FinTech Pundi X to enable crypto transactions around the world. Pundi X completed the integration of its XPOS software with the Point-Of-Sale (POS) APOS A8 devices of Ingenico.
On The Basis of Types: –
Cloud Based
On Premises
On The Basis of Application: –
Large Enterprises
SMEs
The regions are further sub-divided into:
– North America (US, Mexico, Canada)
– Europe (Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg)
– Asia-Pacific (China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore)
– South America (Brazil, Argentina, Peru, Chile)
– Middle East and Africa (Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa)
The report provides insights on the following pointers:
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Following Are the Major Contents of TOC:
Chapter 1, to describe Retail POS System product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Retail POS System, with price, sales, revenue and global market share from 2022 to 2027.
Chapter 3, the Retail POS System competitive situation, sales, revenue and global market share of top manufacturers are analysed emphatically by landscape contrast.
Chapter 4, the Retail POS System breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2027.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2017 to 2027.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2017 to 2021, and Retail POS System market forecast, by regions, type and application, with sales and revenue, from 2022 to 2027.
Chapter 12, the key raw materials and key suppliers, and industry chain of Retail POS System.
Chapter 13, 14, and 15, to describe Retail POS System sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Finally, the Retail POS System Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Retail POS System industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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