“Global Research Report 2019-2023”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The POS systems market is expected to register a CAGR of over 10.9%, during the forecast period of 2018-2023. The report profiles the POS hardware, software, and service providers for various industries.
The POS system market includes POS terminals, in addition to supporting devices, such as barcode scanners, card readers, printer devices, cash drawers, etc. Mobile POS systems that can be integrated with other business solutions, like CRM, are also included under the scope of the report.
Top Leading Companies in Global POS System Market are: SEIKO EPSON CORP., SHOPKEEP, INGENICO SA, VERIFONE SYSTEM INC, DELL, HEWLETT PACKARD ENTERPRISE, PANASONIC CORPORATION, HONEYWELL INTERNATIONAL INC., SAMSUNG ELECTRONICS, CASIO COMPUTER CO. LTD., PAX TECHNOLOGY INC., NCR, SHOPIFY and REVEL SYSTEMS, among others.
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2019, the building wall application dominated the market with a share of around 60%.
Customer Experience is Top Priority :- Customer engagement by personalization is one of the top priorities for retailers/merchants, as mentioned by Forbes, in its report titled Five Trends Shaping the Future of Customer Experience, 2018. The other priorities are – adoption of cloud-based systems, augmented reality, etc. Mobile wireless printers, for use with in-store mobile POS systems, make customer engagement easier and are available in the market. Mobile POS systems are being equipped with software that enable communication of customer data with the stores centralized system.
Asia-Pacific Estimated to Account for the Largest Share in POS System Market :- Owing to the projected rise of digital payments and the growth of the regional retail and hospitality industries, Asia-Pacific is estimated to be the fastest growing region in the POS system market, during the forecast period. According to the non-cash transaction by volume analysis of Capgemini, in emerging Asian regions, cashless transactions are estimated to grow almost three times more than that of global growth, by 2020. The growth of the regional retail industry, with a substantial increase in the number of retail outlets (including shopping malls, mom-and-pop stores, warehouses, and specialty stores) is projected to facilitate the need for better customer experience management, to boost the growth of the business.
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Key Market Trend
Jan 2018 :- Epson America Inc., a subsidiary of Seiko Epson, launched a multi-function thermal receipt printer, Omni Link TM-H6000V. The printer is designed for visitors to have an interactive transaction experience, using mobile devices. It allows users to scan and check out their items and print receipts, in real time.
Aug 2017 :- NCR Corporation and Samsung Electronics America Inc. together launched an all-in-one point-of-sale (POS) commerce station, NCR Silver Quantum. This POS solution is designed with features, such as mobile wallet acceptance capability, customer display, and loyalty scanner, all integrated in a Samsung Galaxy tablet. The NCR Silver Quantum commerce station is an innovation that offers the technology required to better manage customer POS transactions and even back-office operations.
POS systems have evolved from being transaction-oriented terminals/devices to a system that can integrate with the company’s CRM and other financial solutions. This evolution has empowered end users with business intelligence, to better manage their revenue streams and inventory. Owing to these functional benefits that the advanced POS systems offer, companies have replaced their traditional billing software with POS systems, thus augmenting the growth of the POS system market.
The report has 200 tables and figures browse the report description and TOC:
Essential points covered in Global POS System Market 2019 Research are:-
- What will the POS System Market size and the growth rate be in 2024?
- What are the key factors driving the Global POS System Market?
- What are the key market trends impacting the growth of the Global POS System Market?
- What are the challenges to POS System Market growth?
- Who are the key vendors in the Global POS System Market?
- What are the market opportunities and threats faced by the vendors in the Global POS System Market?
- What are the key outcomes of the five forces analysis of the Global POS System Market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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