Pune, India -- (SBWIRE) -- 02/26/2018 -- Market Highlights:
Electronic cash register market is estimated to exhibit high growth potential during the forecast period owing to its increasing demand across various industry verticals. Rising demand among the enterprises for electronic cash registers is driving the growth of the market. Additionally, innovations and advancements in technology, and increasing use of NFC enabled devices is adding fuel to the growth of the electronic cash register market.
Toshiba Corporation, Foxconn Technologies, Casio Computer Co., Ltd., Dell, Inc. and Olivetti are some of the leading players in the market. Olivetti focusses on manufacturing calculators, printers, cash registers, POS touchscreens and others. Whereas, Dell focusses on manufacturing and developing software and services for computers. However, Dell entered into the electronic cash register market by targeting the retail segment and has come up with low cost alternatives for the POS systems. The company focusses on offering innovative solutions and keeps up with the fast pace of the technological advancements.
Increasing trend of GPRS and server cloud-enabled electronic cash registers is one of the major factors driving the growth of the market. Casio is offering electronic cash registers with LCD displays, printers, compact flash cards and different backlight color options for the consumers. The focus towards the promotion of cashless payments is increasing due to the convenience and creativity being provided to the consumers and growing trend of digitalization is another factor responsible for fueling the growth of electronic cashless register market.
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Some of the prominent players in the global electronic cash register market are Toshiba Corporation (Japan), Foxconn Technologies (China), Casio Computer Co., Ltd. (Japan), Dell, Inc. (U.S.), Olivetti S.p.A. (Italy), Citaq Co. Ltd. (Germany), Fujitsu Ltd. (Japan), Hewlett-Packard (U.S.), Forbes Technosys (India) and Posiflex Technology Pvt. Ltd. (Taiwan).
The global Electronic Cash Register Market is expected to grow at a CAGR of approximately 11% during the forecast period 2017-2023.
The global electronic cash register market can be segmented on the basis of type, product and end user. The end user is further segmented into retail and hospitality. However, retail sub segment is expected to hold the largest share of the electronic cash register market. This is owing to the increased competition among the vendors which is resulting in the increasing use of electronic cash registers in retail outlets like supermarkets, specialty stores, hypermarkets and others. Moreover, the market is witnessing a considerable growth in demand for electronic cash registers with SD card support. Increasing popularity of GPRS enabled devices is another major factor driving the growth of electronic cash register market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Electronic Cash Register Market Segmentation:
The global electronic cash register market is segmented on the basis of type, product and end user. The end user segment is classified as retail and hospitality. However, the retail segment is expected to hold the largest market share of the electronic cash register market. Electronic cash registers offer various benefits to the businesses by accurately tracking transactions and many others at a very low cost.
Intended Audience
- Technology Investors
- Research/Consultancy firms
- Technology Solution Providers
- Government Bodies
- Retailers
- Hospitality Sector
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