Global retail point of sale market size is expected to reach USD 43.79 Billion at a steady CAGR of 13.8% in 2028, according to latest analysis by Emergen Research. Changing customer preference for cashless transactions at retail stores, convenience of paper-less billing, and reduced need for manual effort are some key factors driving growth of the global retail point of sale system market currently.

The research report provides an in-depth evaluation of the Global Retail point of sale market drivers and restraints Market and helps the market participants intensify their footprints in the industry. The report gives a detailed analysis concentrated on the critical market dynamics such as drivers, restraints, trends, and growth opportunities to assist businesses to prepare for any challenges they might encounter in the forecast period.

 

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The major manufacturers covered in this report:

Hewlett-Packard Inc., Micros Systems Inc., Cisco Systems Inc., NEC Corporation, Panasonic Corporation, Epicor Software Corporation, Ingenico Group, Samsung Electronics Co. Ltd., VeriFone Systems Inc., and Toshiba Tec Corporation 

A quick look at the industry trends and opportunities

The study evaluates the ever-changing industry dynamics that are expected to affect the trajectory of the overall market. Our expert analysts scrutinize the historical trends in the market and compare it to the contemporary market trends, to estimate the trajectory that the market might follow in the forecast period. For an in-depth discussion regarding the global Retail Point of Sale market, analysts segment the market parameters based on the application, product, and end-users.

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Segments Covered in this report are:

  • Component Outlook (Revenue, USD Billion; 2018–2028)
    • Hardware
    • Software
    • Services
  • Product Outlook (Revenue, USD Billion; 2018–2028)
    • Mobile POS Terminals
    • Fixed POS Terminals
  • End-use Outlook (Revenue, USD Billion; 2018–2028)
    • Specialty Stores
    • Supermarkets/Hypermarkets
    • Grocery Stores
    • Gas Stations
    • Others

Regional Analysis:

The global Retail Point of Sale market consists of various significant regional segments. Under this section of the report, the product demand, output, and estimated revenue share of each region have been ascertained. The most prominent regions dictating the global market include: 

  • North America (U.S., Canada, Mexico)
  • South America (Brazil, Argentina, Ecuador, Chile)
  • Europe (U.K., Germany, France, Italy)
  • Asia Pacific (China, Japan, India, Korea)
  • Middle East & Africa (Egypt, Turkey, Saudi Arabia, Iran)

For further information on this analysis, please visit @ https://www.emergenresearch.com/industry-report/retail-point-of-sale-market

Some Key Highlights in the Report

 

In February 2021, POS software developing company, GiftLogic, announced its partnership with Paystri, which is a payments technology company delivering solutions to businesses of all sizes and Independent Software Vendors (ISVs). Partnering with GiftLogic will expand Paystri’s presence in the retail market.

In February 2021, FinCanna Capital announced the launch of new product by its royalty portfolio company, Wholly Owned Green Compliance Inc. The company delivers HIPAA-compliant point-of-sale solutions for U.S. licensed cannabis cultivators and dispensaries. The new product – ezGreen POS solution – consists of robust tools and features that are efficient in reducing time and costs of managing product information and client data.

The incorporation of touch screens in mobile point of sale systems is expected to drive revenue growth of the hardware segment. The emergence of Internet of Things (IoT) will help in reducing product size and increase connectivity. The hardware segment revenue is expected to incline significantly during the forecast period due to technological advancements in hardware and devices and steady shift to a global cashless society.

Mobile POS functions through software installed on handheld mobile devices such as smartphones, android tablets, and iPads, and these systems are function wirelessly which is quite convenient and has no cables attached. In addition, employees are able to check-out customers or access information from inventory from anywhere in the store using such devices.

North America accounted for largest revenue share in 2020 due to increasing adoption of POS technology in countries in the region. Growing interest in enhanced service delivery, non-cash transactions among consumers, and increased data visibility through cloud point of sale systems are some key factors expected to fuel growth of the market in the region going ahead.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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