Increasing focus on tracking consumers’ transactions, increasing popularity and adoption of Ecommerce websites for online shopping and other transactions are key factor driving market revenue growth.
Market Size - USD 5.86 Billion in 2020, Market Growth - CAGR of 11.2%, Market Trends - Rising trend of using contactless payments through NFC (Near-field Communication), especially in developed countries.
The global electronic cash register market size is expected to reach USD 13.62 Billion in 2028, and register a CAGR of 11.2% during the forecast period. Growing consumer base, increasing number of SMEs (Small and Medium Enterprises) in retail stores and hospitality sector, increasing adoption of contactless payment methods and faster checkout process in point-of-sale are major factors expected to drive growth of the global electronic cash register market.
Electronic cash register is an electronic device connected to a printer to print receipts for the purpose of maintaining records. These registers often use thermal-based printers; however, some old registers use dot matrix printers.
According to OCED (Organization for Economic Co-operation and Development) and G20, digitization of tax could soon come into practice which is further expected to boost market growth to a significant extent.
Some Key Findings From the Report:
For the purpose of this report, the global electronic cash register market is segmented on the basis of type, product, end-use, and region:
Type Outlook
Product Outlook
End-Use Outlook
Region Outlook
Reasons to Buy the Report
Market Size - USD 5.86 Billion in 2020, Market Growth - CAGR of 11.2%, Market Trends - Rising trend of using contactless payments through NFC (Near-field Communication), especially in developed countries.
The global electronic cash register market size is expected to reach USD 13.62 Billion in 2028, and register a CAGR of 11.2% during the forecast period. Growing consumer base, increasing number of SMEs (Small and Medium Enterprises) in retail stores and hospitality sector, increasing adoption of contactless payment methods and faster checkout process in point-of-sale are major factors expected to drive growth of the global electronic cash register market.
Electronic cash register is an electronic device connected to a printer to print receipts for the purpose of maintaining records. These registers often use thermal-based printers; however, some old registers use dot matrix printers.
According to OCED (Organization for Economic Co-operation and Development) and G20, digitization of tax could soon come into practice which is further expected to boost market growth to a significant extent.
Some Key Findings From the Report:
- Among the end use segments, the retail segment accounted for the largest revenue share of 69.3% in 2020.
- Among the product segments, the mobile POS systems segment is expected to register the highest revenue growth rate during the forecast period, due to the increasing use of debit and credit cards globally.
- North America market accounted for the largest revenue share in 2020, and is expected to continue with its dominance over the forecast period.
- The Asia Pacific market size was USD 1.79 Billion in 2020, due to increasing trend of digitalization, initiated by government in various countries in the region, and rising need for contactless transaction and businesses leading to use of cashless transaction options.
- Key players profiled in the report include Toshiba Corporation, Sharp Corporation, CASIO Computer Co., Ltd, Dell, Olivetti S.p.A., Foxconn Technology Group (Hon Hai Precision Industry Co., Ltd.), Citaq Co. Ltd., Fujitsu Ltd., Hewlett Packard Enterprise Company, Forbes Technosys Limited, and Posiflex Technology Pvt. Ltd. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global electronic cash register market is segmented on the basis of type, product, end-use, and region:
Type Outlook
- Stationary
- Portable
Product Outlook
- Standard ECRs
- Checkout or POS Systems
- Personal ECRs
- Mobile POS Systems
End-Use Outlook
- Retail
- Hospitality
Region Outlook
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Electronic Cash Register Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Electronic Cash Register Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
1 Electronic Cash Register Market Overview
2 Global Electronic Cash Register Market Competition by Manufacturers
3 Global Electronic Cash Register Capacity, Production, Revenue (Value) by Region (2012-2017)
4 Global Electronic Cash Register Supply (Production), Consumption, Export, Import by Region (2012-2017)
5 Global Electronic Cash Register Production, Revenue (Value), Price Trend by Type
6 Global Electronic Cash Register Market Analysis by Application
7 Global Electronic Cash Register Manufacturers Profiles/Analysis
8 Electronic Cash Register Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Electronic Cash Register Market Forecast (2017-2022)
14 Appendix
