What is Cash Register Market Scope?
Cash register is a device that records and calculates the transactions. It converts the symbols into a readable form which is usually attached to the system or a printer. Due to the advancements in technology, it is able to perform additional functions like cards processing and inventory tracking. Demand of cash register is increasing in small and medium enterprises. Also, the outlets in retail industry are growing in number.
The Cash Register market study is being classified by Type (Electronic Cash Register, POS terminal and Self-service cash register), by Application (Supermarket, Retailing Stores and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States will contribute to the maximum growth of Global Cash Register market throughout the predicted period.
IBM (United States), NCR (United States), Wincor Nixdorf (Germany), NEC (Japan), CASIO (Japan), Panasonic (Japan), Firich Enterprises (United States), Fujitsu (Japan), Hisense (China) and Flytech (Taiwan) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are SHC (Malaysia), Sharp (Japan), Appostar (Taiwan), HP (United States) and Posiflex (Taiwan).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cash Register market by Type, Application and Region.
On the basis of geography, the market of Cash Register has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In March 2019, PAX Technology Inc., Bluefin and Casio together unveiled the semi integrated solution for simplifying the Payment Card Industry (PCI) – Validated Point to point encryption at a merchant location and In February 2019, Casio America Inc., consumer electronics and commercial electronics manufacturing company, has added three new models to its range of electronic cash registers – SR-S4000MC, SR-S500SC, and the SR-C4500MC. The new models offer Bluetooth communication (BLE Ver 4.1)
"The recent amendment to Act No. 289/2008 Coll. on use of electronic cash registers introduces the requirement for all such cash registers in the Slovak Republic to have a direct online connection to the Slovak Financial Directorate (so-called eKasa). This change should impact all businesses established after 1 April 2019 and becomes mandatory for the majority of Slovak entrepreneurs as of 1 July 2019."
Influencing Market Trend
- Implementation of Cloud Based Solutions
- Increase in Adoption of Self-Checkout Terminals
Market Drivers
- Demand In Retail And Hospitality Industry as the Number of Outlets Are Increasing
- Low Price and Easy Operation
- Need of Tracking the Payments Done By the Customer
Opportunities
- Rising Implementation of Checkout Terminals in Hospitality and Retail
- Innovations in the Product Are Being Made For Availability of Additional Features
Restraints
- Continuous Growth of E-Commerce Industry
- Usage of Digital Payments Applications
Challenges
- Lack of Training Required To Handle a Cash Register or Accounts
- Malfunctioning Of Machines and Power Outages Can Cause Data Loss
Key Target Audience
Technology Investors, Research/Consultancy firms, Technology Solution Providers, Government Bodies, Retailers, Hospitality Sector and Others
Customization available in this Study:
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