The Retail POS Terminals Global Market Report 2023, provides comprehensive information on the retail pos terminals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global retail POS terminals market size is expected to grow from $21.54 billion in 2022 to $24.20 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global retail POS terminals market size is expected to grow to $37.56 billion in 2027 at a CAGR of 11.6%.
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Technological advancement is the key trend gaining popularity in the retail POS terminals market. Major companies operating in the retail POS terminals market are focusing on developing advanced POS technology platforms to gain a competitive edge in the market. For instance, in September 2022, Shift4, a US-based payment processing company launched SkyTab POS, a next-generation point-of-sale (POS) technology, which features state-of-the-art equipment, strong functionality, potent management tools, and different mobile options. Restaurant owners can manage all elements of their business and provide amazing guest experiences due to SkyTab, a cutting-edge, all-in-one technology platform. The software developed by SkyTab for Android offers extensive features to help modernize and empower food service operations. Additionally, it has built-in marketing tools and a loyalty program, contactless/QR code ordering and payment, mobile devices for tableside ordering and payment, eGift cards, and much more.
The retail pos terminals market is segmented:
1) By Product: Fixed POS Terminal, Portable POS Terminal, Self-Service Kiosks
2) By Component: Services, Software, Hardware
3) By Application: Department Stores, Warehouse, Discount Stores, Supermarkets Or Hypermarkets, Convenience, Speciality Stores
North America was the largest region in the retail pos terminals market in 2022.
The table of contents in TBRC’s retail pos terminals market report includes:
1. Executive Summary
2. Retail POS Terminals Market Characteristics
3. Retail POS Terminals Market Trends And Strategies
4. Retail POS Terminals Market – Macro Economic Scenario
5. Retail POS Terminals Market Size And Growth
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26. Africa Retail POS Terminals Market
27. Retail POS Terminals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Retail POS Terminals Market
29. Retail POS Terminals Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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