POS Cash Drawer Market Scope
A POS cash drawer is an essential part of the POS system, which is used to store money, credit card receipts, and other paperwork. The drawer receives a signal from the computer or receipt printer and opens when necessary. POS cash drawer helps to the retailers for safe and effective cash management. There are mainly 4 types of POS cash drawer is being used by retail and hospitality industry such as printer-driven, Ethernet-driven, USD-driven, and manually driven.
According to AMA, the Global POS Cash Drawer market is expected to see growth rate of 7.0% Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global POS Cash Drawer market throughout the predicted period.
APG Cash Drawers, LLC (United States), MMF Cash Drawer Company (United States), M-S Cash Drawer Corp (United States), NCR (United States), Consumer Electronics Company (Japan), CyberNet (United States), Diebold Nixdorf (United States), HP Development Company (Canada), National Business Systems (United States) and Posiflex Technology (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SZZT Electronics (China), UIC (United States) and Tellermate (United Kingdom).
Segmentation Overview
The study have segmented the market of Global POS Cash Drawer market and Region with country level break-up.
On the basis of geography, the market of POS Cash Drawer 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).
Influencing Trend:
Growing Popularity of Small POS Cash Drawers and Product Innovations Driving the Cash Drawers Market
Market Growth Drivers:
Safety and Effective Cash Management, Growing Organized Retail Format and Continued Dominance of Cash in Consumer Transactions Worldwide
Restraints:
Increasing Popularity of Non-Cash Payments in Retail Stores
Opportunities:
Emerging Demand from Economies
Market Leaders and their Expansionary Development Strategies
On 4 Sept. 2015, APG Cash Drawer, LLC, and Cash Bases Group Limited of Newhaven, East Sussex, has announced the merger of their two companies. Both companies are global leaders in the manufacture of cash drawers, mobile cash drawer solutions, and other POS integration-related products. This union is expected to create a leading cash management solution company, differentiated by its ability to deliver innovative technologies with an expanding customer base.
On 9 Jan 2018, Tellermate, a global cash-management technology solutions provider, has announced the launch of the latest version of its cloud-based cash management solution, LiveDrawer Manager. LiveDrawer utilizes Tellermate’s proven count-by-weight cash counting technology to provide real-time visibility of the cash in the drawer, virtually eliminating cash loss at the point of sale (POS), deterring internal theft and significantly reducing operational time spent counting the drawer.
Key Target Audience
POS Cash Drawer Manufacturers, POS Cash Drawer Distributors, POS Cash Drawer Importer/Exporter, Technology Investors, Industry Association, Regulatory & Government bodies and Downstream Vendors
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.