Restaurant point of sale (POS) systems have come a long way from being simple cash registers. Today, the integration of artificial intellige
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Restaurant point of sale (POS) systems have come a long way from being simple cash registers. Today, the integration of artificial intellige
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Restaurant point of sale (POS) systems have come a long way from being simple cash registers. Today, the integration of artificial intellige
Global Top 5 Companies Accounted for 73% of total POS Hardware market (QYResearch, 2021)
According to the new market research report “Global POS Hardware Market Report 2023-2029”, published by QYResearch, the global POS Hardware market size is projected to reach USD 20.8 billion by 2029, at a CAGR of 11.0% during the forecast period.
Figure. Global POS Hardware Market Size (US$ Million), 2018-2029
Figure. Global POS Hardware Top 12 Players Ranking and Market Share(Based on data of 2021, Continually updated)
The global key manufacturers of POS Hardware include Ingenico, VeriFone System (China), Inc., NCR, PAX Global Technology, Newland Payment Technology Co.,Ltd., NEW POS TECHNOLOGY LIMITED, Xinguodu Technology Co.,Ltd., Centerm Information Co.,Ltd., Castles Tech, CyberNet, etc. In 2020, the global top five players had a share approximately 73.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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POS System: A Technological Boon for Retail Businesses
The point of sale (POS) system permeated the world of retail business and made its place by the onset of the 20th century. It has become an essential solution to manage business operations, regardless of the size of the business. James Ritty of Ohio invented the first point of sale (POS) system - the cash register, in 1879. Since then, the demand for wholesale cash registers was at its peak. With time, these bulky devices evolved into a more compact system that we now know as the point of sale (POS) system. Unlike cash registers, that were just capable of processing payments, the compact and modernised point of sale (POS) system developed into a multi-functional solution that is programmed to perform numerous other functions like tracking and managing inventory, building and maintaining customer relationships, tracking and managing employee performances, generating and analysing sales reports, and others. This made business operations simple and streamlined which in turn made running a business seamlessly.
To read the full article follow the link below:
https://www.posplaza.com.au/pos-system-a-technological-boon-for-retail-businesses/
Receipt Printers: An Indispensable Component of a Point of Sale (POS) System
Receipt printers (for example, Epson TM-T82III Thermal Receipt Printer)play a vital role in completing a transaction in any retail or hospitality business. As the name suggests, these devices are used to print payment receipts for customer transparency and contain purchase-related information like the date and time of purchase, product name, SKU number, price, and other related information. Not only do these payment slips help maintain transparency with the customers but these proof of transactions help customers return/exchange any purchased product hassle-free. Even though e-invoices or digital receipts have gained popularity, there still are customers who prefer physical receipts; hence, most businesses provide both physical receipts and e-invoices these days.