The latest study on the Retail Point of Sale Market industry includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2032 . The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.The report considers 2017-2018 as historical years, 2019 as the base year, and 2020- 2032 as the forecast timeline. The report offers strategic recommendations to the key stakeholders and investors to help them ascertain maximum returns on their investments and formulate new strategic business plans.
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.
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Drivers:
Several factors are driving the growth of the Retail POS Market. Foremost among these is the rising demand for omnichannel retail solutions that seamlessly integrate online and offline sales channels, enabling retailers to deliver consistent and personalized shopping experiences across multiple touchpoints. Retail POS systems play a central role in enabling omnichannel capabilities by providing real-time inventory visibility, order management, and customer data integration. Moreover, the growing preference for cloud-based POS solutions offers retailers flexibility, scalability, and cost-effectiveness, driving adoption among small and mid-sized businesses.
Restraints:
Despite its growth prospects, the Retail POS Market faces certain challenges that could impede its expansion. One of the primary restraints is the complexity and cost associated with POS system implementation, customization, and integration with existing IT infrastructure. Deploying and maintaining POS solutions require significant investments in hardware, software, and staff training, particularly for large retailers with multiple stores and complex operations. Additionally, concerns about data security, compliance with payment card industry standards, and the risk of cyberattacks pose challenges for retailers in selecting and securing POS systems.
Key players operating in the market are
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.
Segmentation :
Emergen Research has segmented the global retail point of sale market on the basis of component, product, end-use, and region:
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
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The report classifies the global Retail Point of Sale Market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Retail Point of Sale Market products is expected to drive the demand for Retail Point of Sale Market , thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
What is the key information extracted from the report?
Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
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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.
