Point Of Sale (POS) Cash Registers Market Size, Share, Opportunities And Trends By Industry Vertical (Retail, Hospitality, Tourism, Healthcare ) And By Geography - Forecasts From 2019 To 2024

The global Point of Sale (POS) cash register market was valued at US$14.793 billion in 2018 and is expected to grow at a CAGR of 1.16% over the forecast period to reach a total market size of US$15.854 billion by 2024. The growth of the market is majorly attributed to the rapid growth of the retail and hospitality industry worldwide. As the number of establishments across these sectors continues to increase on account of huge capital investments being pumped by major industry players in high-growth regions, the adoption of advanced technologies to streamline various business functions will also continue to increase. This will continue to drive the market for POS cash registers in many regions. However, the continuous shift of customers from cash-based transactions to cashless transactions is slowing down the growth of the market as digital payments do not require cash registers.

 

Geographically, North America and the European region hold a relatively small share in comparison to the Asia Pacific, and these regions are expected to witness a slow market growth over the projected period. The market for Point of Sale (POS) cash registers in developing countries specifically in the Asia Pacific and the Middle East is expected to grow due to the increasing adoption of technology as well as the urbanization overhaul taking over the retail industry across these regions.

 

Over the next decade, the line between online and offline stores will continue to blur. Emerging business models will continue to gain scale and traction across all major sectors. This will continue to shape the growth of this market throughout and beyond our projected period.

 

DRIVERS

Growing retail and hospitality industry

Continuous integration of advanced technologies into POS cash registers

 

RESTRAINTS

Shifting trends towards cashless payments

 

The major players profiled in the POS cash register market are Toshiba Tec Corporation, Casio Computer Co., Ltd., Dell, Olivetti SpA, Citaq Co., Ltd., Posiflex Technology, Inc., ShopKeep, and Intuit Inc. 

 

Segmentation

The POS cash register market has been analyzed through the following segments:

 

By Industry Vertical

Retail

Hospitality

Tourism

Healthcare 

 

By Geography

North America

United States

Canada

Mexico

 

South America

Brazil

Argentina

 

Europe

UK

Germany

France

Spain

Others

 

Middle East and Africa

UAE

South Africa

Others

 

Asia Pacific

China

Japan

India

Australia

Others