Electronic Cash Register Market

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Electronic Cash
Register Market

• Global Opportunity Analysis and Industry
  Forecast, 2028-2023

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Cold Chain Monitoring Market Overview

• Electronic cash register systems have changed
  over the years in an effort to make registering
  for purchase payments as streamlined an
  experience as possible. They offer the capability
  to efficiently maintain a customer database,
  inventory management, and fast billing. Market
  Research Future's recently published report on
  the electronic cash register market which
  indicates various factors affecting growth. The
  report has disclosed a projected 11 CAGR during
  the forecast period of 2017 - 2023.
• The need for efficient billing systems has been a
  core facilitator of growth for this market. This
  is further influenced by ongoing technological
  trends. Near-field communication (NFC) technology
  is being adopted increasingly as it allows
  consumers to use contactless payment systems with
  ease. Mobile type Point-of-Sale (POS) systems are
  expected to fuel rapid market growth during the
  review period due to the global penetration of
  smartphones. 

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• Rising concerns over data security are likely to
  push market leaders to innovate security
  solutions to address this issue. Moreover, the
  ever-increasing advancement in technology has
  made the expectations of convenient payment
  systems a norm. Businesses are rapidly trying to
  meet these expectations by adopting modern
  electronic cash register systems thus motivating
  growth for this market.
• The global electronic cash register market has
  been segmented on the basis of type, product and
  end user. The product segment is further
  classified into standard ECRs, checkouts or POS
  systems, personal ECRs and mobile POS systems.
  However, standard electronic cash registers
  segment is expected to hold the major share of
  the market owing to the increasing use of credit
  card and debit card payments.
• Read More at https//www.marketresearchfuture.com
  /reports/electronic-cash-register-market-4708

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Market Segmentation

• The market has been segmented to provide a better
  understanding of the various components that make
  up the market. The global electronic cash
  register market has been segmented by type,
  product, end user, and region.
• By type, the market has been segmented into
  product and application.
• By product, the market has been segmented into
  standard ECRs, checkouts or POS systems, personal
  ECRs and mobile POS systems.
• By end users, the market has been segmented into
  retail and hospitality.
• By region, the market has been segmented into
  North America, Asia Pacific, Europe and the Rest
  of the World.
• Get the sample copy _at_ https//www.marketresearchfu
  ture.com/sample_request/4708

5
Detailed Regional Analysis

• North America, presently holds the largest share
  in the global market. This dominance is due to a
  thriving retail sector and rapid adoption of
  modern technology in the region. Quick service
  restaurants and small medium businesses in
  North America are increasingly adopting
  electronic cash register systems, thus motivating
  market growth.
• The Asia Pacific is expected to grow at a rapid
  rate due to the growing support for a cashless
  economy. The unrealized potential for this market
  in the APAC region has motivated market leaders
  to shift focus to the area. Emerging economies of
  this region are witnessing rising disposable
  incomes which have contributed to a thriving
  retail industry further compelling growth of the
  electronic cash register market.

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Industry News

• With the aim to digitize government transactions
  and make them cashless, the State Bank of India
  has agreed to provide 600 PoS machines across all
  government departments in Goa. The transition is
  expected to be completed by October 1st, 2018.
• U.K. based company for marketing services, Ecrebo
  has received its first U.S patent since the
  company's entry into the North American market
  last year. The newly issued patent covers
  Ecrebo's "software only" method for swift and
  cost-efficient enhancement of PoS systems. The
  innovative software solution provides the
  opportunity to produce compelling and
  personalized receipt-based offers. Additionally,
  the software does not need any new hardware and
  is compatible with various PoS systems. This
  software solution is expected to transform
  receipt-based marketing in the coming years.

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Key Market Players
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Intended Audience
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