LONDON–(BUSINESS WIRE)–#electroniccashregister–Technavio has been monitoring the global cash register market since 2018 and the market is poised to grow by USD 4.9 billion during 2019-2023, progressing at a CAGR of almost 8% during the forecast period. Request free sample pages
Read the 121-page research report with TOC on “Electronic Cash Register Market by Type (standard ECRs, checkout/POS system, and self-service POS), End-Users (retail and hospitality), Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019-2023”.
The market is driven by the adoption of electronic cash registers (ECRs) by SMEs. In addition, the shift toward cloud-based solutions is anticipated to further boost the growth of the global electronic cash register market.
The market has been witnessing strong demand for ECRs from SMEs over recent years. Factors such as low-cost and easy availability have increased the adoption of ECRs among end-users. SMEs in the retail and hospitality sectors are increasing the use of ECRs in terminals to ensure faster checkouts. The rise in the number of checkout terminals in the retail and hospitality industries will increase the demand for ECRs. Morevoer, the large unorganized retail sector in developing countries such as China and India is providing significant growth opportunities for market vendors. Thus, the increasing adoption of ECRs by SMEs is one of the key factors driving the growth of the global electronic cash register market.
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Major Five Electronic Cash Register Market Companies:
CASIO COMPUTER CO., LTD.
CASIO COMPUTER CO., LTD. owns and operates the businesses across consumer, system equipment, and other segments. The company offers a wide range of electronic cash registers. Some of the products offered by the company are SR-S500, SR-S4000, SR-C550, and SR-C4500.
Hewlett Packard Enterprise Development LP
Hewlett Packard Enterprise Development LP owns and operates businesses in various segments such as Hybrid IT, Intelligent Edge, and financial services. The company offers POS systems such as modular retail systems, all-in-one systems, and convertible retail systems.
Olivetti SpA offers a wide range of cash registers. Some of the popular electronic cash registers offered by the company include Nettun 7000open, Nettun 7000int’l, and others.
SHARP CORPORATION offers POS systems, electronic cash registers, projectors, and others under its Smart Homes segment. The company offers electronic cash registers such as XE-A207, XE-A21S, and others.
Toshiba Tec Corporation
Toshiba Tec Corporation owns and operates businesses in two segments, namely Retail Solutions Business Group and Printing Solutions Business Group. The company offers a wide range of electronic cash registers. Some of the popular ECR models include MA-159, MA 600, and others.
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Electronic Cash Register Type Outlook (Revenue, USD Million, 2019 – 2023)
- Standard ECRs
- Checkout/POS system
- Self-service POS
Electronic Cash Register End-User Outlook (Revenue, USD Million, 2019 – 2023)
Electronic Cash Register Regional Outlook (Revenue, USD Million, 2019 – 2023)
- North America
- South America
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