Box Office Booster: Exploring the Cinema Point of Sale (POS) Solution Market The cinema point of sale (POS) solution market is estimated to be worth $830.3 million by 2022 and is expected to grow to $2,388.8 million by the end of 2033. By estimation, the cinema point of sale (POS) solutions market will be worth $901.7 million in 2023 and will grow at a CAGR of 10.2% from 2023 to 2033. Growth trends in POS that benefit the market in the long run Mobile POS or mPOS refers to a device that can be connected to a tablet or smartphone to allow users to accept mobile contactless or card payments. The factors driving the mPOS industry are the evolution in the field of digital payment systems and the versatility of mPOS applications due to the flexibility that mPOS offers can be used anytime. With the EMV migration and the rise of contactless payments, mPOS is seen as an affordable way for businesses to adopt a contactless POS infrastructure. This creates significant opportunities for POS solution providers to focus more on mPOS solutions. The thriving Internet of Things presents lucrative opportunities for market players to develop and leverage innovative products that integrate with advanced and modern movie POS solutions using the IoT. The market is also expected to gain opportunities by gaining user focus on cloud-based POS solutions due to real-time analytics. The deployment of motion-sensing digital signage is also expected to bode well for the market in the coming years. Revenue generation from professional services is growing at a rapid pace The global cinema POS solution market is dominated by solution/service-based POS software solutions, but professional services are expected to face fierce competition in terms of revenue generation. In 2017, POS software solutions accounted for 45.0% share of the global cinema POS solutions market and is expected to grow at a significant rate during the forecast period. The increase in demand for POS software solutions can be attributed to the increase in the number of cinemas and multiplex chains. This has increased the need for centralized databases, spurring the deployment of POS software solutions. Other services in this area include support services. Based on deployment, the global cinema for sale solutions market has branched into cloud-based and on-premise. by region For More info- https://www.persistencemarketresearch.com/market-research/cinema-point-of-sale-solutions-market.asp

The global internet of packaging market size was valued at USD 18.50 billion in 2022. The market is projected to grow from USD 19.34 billion in 2023 to USD 27.76 billion by 2030, exhibiting a CAGR of 5.3% during the forecast period. Internet of packaging, also known as intelligent packaging, is a method used to trace, interact, monitor, and manage the safety and quality of products. Reducing human errors, eliminating costs, maintaining quality, and preventing diseases due to rotten food are the major factors for which this packaging method was specifically designed and used. Fortune Business Insights presents this information in their report titled “Global Internet of Packaging Market, 2023-2030.” Information Source- https://www.fortunebusinessinsights.com/internet-of-packaging-market-107258 Segments: Boxes & Cartons is the Dominating Segment Due to its High Utilization in Product Packaging Based on packaging type, the market is divided into boxes & cartons, bottles & jars, films & wraps, mailers, bags, tubes, pouches, blisters, and others. The boxes & cartons segment dominates the market. These are mostly preferred for packaging a variety of products. Various functions offered such as tracing, recording, easy sensing, and providing vital information on the product’s current state make it a preferred option for consumers. Barcode and QR Code Segment Dominates the Market Based on technology, the market is segmented into barcode & QR codes, sensors & tags, radio frequency identification, near-field communications, and indicators. Barcode & QR code segment is growing steadily. QR codes for smart packaging provide convenience for consumers while interacting with their brand of choice Growing Consumer Needs to Result in Significant Growth of the Food & Beverages Segment Based on end-user, the market is segmented into food & beverages, healthcare, personal care & cosmetics, homecare, consumer electronics, logistics & transport, apparel & accessories, sports & retail, and others. Increasing demand from consumers for high-quality and safe food products rises the requirement for the internet of packaging. Report Coverage: The report offers: Major growth drivers, restraining factors, opportunities, and potential challenges for the market. Comprehensive insights into the regional developments. List of major industry players. Key strategies adopted by the market players. The latest industry developments include product launches, partnerships, mergers, and acquisitions. Drivers & Restraints: Increasing Investments in R&D Packaging to Boost Market Growth The products' various functions such as recording, detecting, applying scientific logic, and tracking real-time data, provide significant consumer marketing solutions. Growing investment in research and development for advanced packaging will expand the global internet of packaging market share. Increasing demand for multi-specialty wrapping which can retain the freshness and quality of the product along with maintaining its nutritional and health value to drive market growth. Consumer preference shifting toward comfort food is anticipated to push the internet of the packaging market forward during the forecast period. However, the high cost of hardware, software, and training expenditures for the internet of packaging is likely to hamper the market growth. Regional Insights Asia Pacific to See Substantial Growth due to Changing Lifestyles Asia Pacific is anticipated to witness significant internet of packaging market growth during the forecast period. The growth can be attributed to increasing demand for frozen and packaged products and changing lifestyles. The product's feature of improved product traceability is preferred by consumers. Latin America is to experience steady growth due to changing behavior in product purchasing, lifestyle, and rising demand for connected packaging solutions. Competitive Landscape Major Players to Maintain Dominance by Launching Advanced Product The global market is fiercely competitive. A small number of major corporations control huge market shares by offering enhanced packaging. These corporations are focused on enhancing their products to meet the requirements of consumers and grow their consumer base throughout the globe. Key Industry Development: April 2021: Stora Enso announced the expansion of the sustainable ECO RFID product family with a tag collection. The ECO RFID collection is specifically designed for food & beverage items for item-level tagging and tracking of ready-made meals. It is gaining popularity as the first paper tag in the world for microwave-safe use, ECO meal. List of Key Players Profiled in the Report: Wiliot (Israel) Tetra Pak (Switzerland) Scanbuy Inc. (U.S.) Kezzler (Norway) Identiv Inc. (U.S.) Tapwow (U.S.) Sepio Products (India) CuePath Innovation Designs (Canada) Insignia Technologies (U.K.) RePack (Finland) ImpaX.io (Israel) Qtrust (U.K.) Iungo (Brazil)