Market Highlights
Market Research Future (MRFR) discusses different forces that can influence the electronic cash register market in the years ahead. An in-depth study of the influence of COVID 19 on the electronic cash register market is supplemented with the report. As per MRFR study, the expansion of the electronic cash register market is likely at 11% CAGR across the study period 2046 to 2023. By 2023, the electronic cash register market can garner USD 8 Bn.
The gradual surge in mobile applications and increase in e-commerce business can are some major causes that are expected to prompt the rise of the electronic cash register market in the years ahead. The high awareness about issues, such as recording sales and tracking customer transactions are creating the demand for electronic cash in the years ahead. This can promote the expansion of the electronic cash register market across the review period. The increase in online shopping frequency promoting electronic cash register application for scanning packages in order to boost logistics supply can impel the expansion of the electronic cash register market through the review period.
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.
Segmentation:
The electronic cash register market size 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.
Segment Analysis
The segment evaluation of the electronic cash register is done by end-user, type, and product.
The type based segmenst of the electronic cash register market are portable and stationary. The portable segment is expected to earn high revenue for the worldwide electronic cash register market in the years to come. The increased application of stationary electronic cash register can also support the expansion of the market in the analysis period.
The end-user based segments of the electronic cash register market are supermarkets, restaurants, speciality stores, and hypermarkets among others. The easy accessibility of electronic cash register can promote the expansion of the market through the analysis period. The booming online shopping solution, resulting in the rapid rise of the e-commerce market can promote the electronic cash register market across the analysis period.
The product based segments of the electronic cash register market are checkouts or POS system, personal ECRS, mobile POS system, and standard ECRS among others. The increased use for personal ECRS and mobile POS system can impel the expansion of the electronic cash register market through the study period.
Key Players
Foxconn Technologies (China), Toshiba Corporation (Japan), Citaq Co. Ltd. (Germany), Dell, Inc. (U.S.), Casio Computer Co., Ltd. (Japan), Hewlett-Packard (U.S.), Olivetti S.p.A. (Italy), Forbes Technosys (India) Fujitsu Ltd. (Japan), and Posiflex Technology Pvt. Ltd. (Taiwan) are some prominent names in the electronic cash register global market as listed by MRFR.
Browse Complete Report @ http://www.marketwatch.com/story/electronic-cash-register-market-expansion-influenced-by-covid-19-electronic-cash-register-market-size-share-challenges-growth-analysis-and-opportunities-2020-08-11
