Geographically, North America the European region especially the United States and the United Kingdom market share for Point of Sale(POS) cash drawer is expected to have slow growth. According to the world economic forum in spite of the growth in e-commerce, the brick and mortar stores will continue to be the channel that contributes the most revenue for the majority of large multichannel retailers until at least 2026., despite the fact that a lot major retail stores are closing shop. In fact, according to the U.S Census. The United States of America hit retail sales record for $8 trillion in 2018. Subsequently, the United Kingdom is also anticipated to have a substantial market share during the forecast period due to the fact, the retail sales of the United Kingdom in 2017 were worth 395 billion pounds (source: The House of Commons Library)
Additionally, the market share for Point of Sale(POS) cash drawers in developing countries specifically in the Asia Pacific region as well as in the African and middle eastern countries is expected to grow due to the major adoption of technology as well as the urbanization overhaul taking over in the retail industry.
With developing countries adopting technology to facilitate payment as well as keeping track of business activities in the retail industry this should be considered as one the key drivers in the growth of the Point of Sale(POS) cash drawers market
Over the next decade, the line between online and offline stores will continue to blur. Emerging business models will continue to proliferate, gaining scale and momentum. With slow-growing incomes in most digitally developed countries and a shift in consumer spending from products to services. In the future, e-commerce penetration is projected to grow from approximately 10% today to greater than 40% in 2026. (source: World Economic Forum (WEF))
Major industry players profiled as part of the report are APG Cash Drawer, LLC., MMF POS., M-S Cash Drawer, NCR Corporation, Diebold Nixdorf, Incorporated., HP Development Company, L.P., Posiflex Technology, Inc., Citaq Co. Ltd.
The Point of Sale(POS) cash drawers market has been analyzed through the following segments:
By Industry Vertical
Travels & Tourism
Middle East and Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. POINT OF SALE (POS) CASH DRAWERS MARKET BY INDUSTRY VERTICAL
5.1. Retail Industry
5.3. Travels & Tourism
6. POINT OF SALE (POS) CASH DRAWERS MARKET BY GEOGRAPHY
6.1. North America
6.2. South America
6.3.3. United Kingdom
6.4. Middle East and Africa
6.4.1. Saudi Arabia
6.5. Asia Pacific
6.5.3. South Korea
7. COMPETITIVE INTELLIGENCE
7.1. Competitive Benchmarking and Analysis
7.2. Recent Investmentss and Deals
7.3. Strategies of Key Players
8. COMPANY PROFILES
8.1. APG Cash Drawer, LLC.
8.2. MMF POS.
8.3. M-S Cash Drawer
8.4. NCR Corporation
8.5. Diebold Nixdorf, Incorporated.
8.6. HP Development Company, L.P.
8.7. Posiflex Technology, Inc.
8.8. Citaq Co. Ltd.
The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.
The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.
The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.