Electronic Cash Register Market - PowerPoint PPT Presentation

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Electronic Cash Register Market

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The global electronic cash register market is expected to grow at a CAGR of approximately 11% during the forecast period 2017-2023 – PowerPoint PPT presentation

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Title: Electronic Cash Register Market


1
Electronic Cash
Register Market
  • Global Opportunity Analysis and Industry
    Forecast, 2028-2023

2
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. 

3
  • 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

4
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.

6
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.

7
Key Market Players
8
Intended Audience
9
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