The global Retail POS Market size is projected to grow from USD 15.8 billion in 2020 to USD 34.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period. The major growth drivers for the market include growing interest in non-cash transactions among consumers, increased data visibility through cloud POS systems and enhanced service delivery. However, data security concerns may restrain the market growth.
Key and innovative vendors in the retail POS market include Diebold Nixdorf (US), Ingenico (France), Intuit (US), NCR Corporation (US), SAP (Germany), Verifone (US), PAX Technology (Hong Kong), Square (US), Shopify (Canada), NEC Corporation (Japan), Toshiba Tec Corporation (Japan), Epicor (US), Lightspeed (Canada), Clover (US), Elavon (US), Castels Technology (Taiwan), Newland Payment Technology (China), New POS Technology (China), HP (US), Cegid Grou (France), Posiflex Technology (Taiwan), Centerm (China), Revel System (US), Vend (New Zealand), Zebra Technologies (US).
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These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the retail POS market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2017 to 2021 to innovate their offerings and broaden their customer base.
NCR’s products and services are used by business for connecting, interacting, and transacting with their customers. NCR operates through four segments: Financial Services, Retail Solutions, Hospitality, and Emerging Industries. Through the Retail solutions segment, it provides solutions such as POS terminals and POS software, and self-service kiosks, such as bar code scanners and self-checkout systems. NCR has its presence in more than 180 countries across North America, Europe, APAC, MEA, and Latin America.
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Ingenico is one of the key provider of retail POS solutions that provides a comprehensive and innovative range of services and solutions for merchants, which eliminate payment complexity as well as make the purchase quick, seamless, and secure for consumers. The company serves various market segments, such as banking, retail, transportation, travel, petrol, digital, vending, and hospitality. POS solutions provided by the company include Smart POS, Fleet Management, Payment Services, and Business Services. The Ingenico payment services segment offers a wide range of services, such as centralized transaction management, transaction processing, and loyalty services, which allow clients to easily and efficiently manage their financial transactions. Ingenico ePayments is the payment solution service dedicated to online and mobile commerce.
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According to research report "Retail Point of Sale Market by Product (Fixed POS, Mobile POS), Component (Hardware, Software, and Services (eployment & Integration, Support & Maintenance)), End User (Grocery Stores, Specialty Stores, Gas Stations), and Region - Global Forecast to 2026" size to grow from USD 15.8 billion in 2020 to USD 34.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 13.9% during the forecast period.
Rising penetration of eCommerce platforms, growing interest in POS solutions among small businesses, and strong growth in global retail industrywould provide lucrative opportunities for vendors in the Retail POS market.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49453884Browse 246 market data Tables and 52 Figures spread through 224 Pages and in-depth TOC on "Retail Point of Sale Market - Global Forecast to 2026"By component, Software segment to hold the largest market size during the forecast periodThe use of cloud-based retail POS software is growing consistently.
The integration of the POS software with EMV, touchless, and mobile-compatible payment terminals helps retailers achieve secure and quick transaction payments.In end user, convenience stores segment to grow at a higher CAGR during the forecast periodConvenience store POS solutions automate manual tasks, such as data entry, price updates, and cash management and billing, which reduces human errors and enhances customer satisfaction.
By reducing these manual efforts, retailers can focus on improving customer engagement, creating performance reports to identify problem areas, and training their employees to serve customers in a better way.
It also helps them reduce human errors and manage compliance issues that arise from frequent changes in gas prices by automating the pricing process.North America to hold the largest market size during the forecast periodNorth America, a technologically advanced region with a high number of early adopters and the presence of major market players, is expected to contribute the highest market share in terms of revenues during the forecast period.
Factors such as growing interest in non-cash transactions among consumers, enhanced service delivery, and increased data visibility through cloud POS systems are expected to fuel the growth of Retail POS in th region.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=49453884Major vendors in the global Retail POS market include Diebold Nixdorf (US), Ingenico (France), Intuit (US), NCR Corporation (US), SAP (Germany), Verifone (US), PAX Technology (Hong Kong), Square (US), Shopify (Canada), NEC Corporation (Japan), Toshiba Tec Corporation (Japan), Epicor (US), Lightspeed (Canada), Clover (US), Elavon (US), Castels Technology (Taiwan), Newland Payment Technology (China), New POS Technology (China), HP (US), Cegid Grou (France), Posiflex Technology (Taiwan), Centerm (China), Revel System (US), Vend (New Zealand), Zebra Technologies (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
Retail Point of Sale Software Market report published by Value Market Research, which studies the future outlook of the market.
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2019-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Retail Point of Sale Software include Diebold Nixdorf, Ingenico, New POS Technology, Intuit, SAP, NCR Corporation, PAX Technology, Square Shopify, Verifone, NEC Corporation, Toshiba Tec Corporation, Epicor, Toshiba Tec Corporation, Lightspeed, Clover, Elavon, Newland Payment Technology, Castels Technology, New POS Technology, HP, Cegid Grou, Centerm, Posiflex Technology, Revel System, Vend, Zebra Technologies..
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Retail Point of Sale Software Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/retail-point-of-sale-software-market/download-sampleMarket SegmentationThe broad Retail Point of Sale Software has been sub-grouped into the Product, Deployment Mode and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
