Retail Point of Sale Market: Growth Opportunity | Ingenico, NCR Corporation, SAP, Clover

According to the report, the global retail point of sale market size was valued at $14.37 billion in 2020 and is expected to reach $40.46 billion by 2028 growing at the CAGR of 13.16% from 2021 to 2028. This growth is attributed to rising interest in non-cash transactions among consumers, enhanced service delivery, and data visibility owing to a cloud-based point-of-sale system. The market is hindered by certain factors such as data security concerns and lack of standardization. Increasing the adoption of eCommerce platforms, small businesses are becoming increasingly interested in POS solutions and the retail industry around the world is booming will create an opportunity for the market to grow.

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The recently published research report on the Global Retail Point of Sale Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Retail Point of Sale market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal
As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Retail Point of Sale market report also includes the following data points:
• COVID19 Impact on Retail Point of Sale market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in Retail Point of Sale market

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Key Players
Some of the major Retail Point of Sale players holding high market share include Ingenico, NCR Corporation, SAP, Clover. These players use the partnership as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Intuit
• Ingenico
• NCR Corporation
• SAP
• Clover
• Revel System
• Diebold Nixdorf
• Zebra Technologies
• Epicor
• Verifone

Segmental Analysis
Market Segment By Product with focus on market share, consumption trend, and growth rate of Retail Point of Sale Market:
o Fixed
o Mobile

Market Segment By Component with focus on market share, consumption trend, and growth rate of Retail Point of Sale Market:
o Hardware
o Software
o Services

Market Segment By End User with a focus on market share, consumption trend, and growth rate of Retail Point of Sale Market:
o Supermarkets
o Grocery Stores
o Specialty Store
o Convenience Store
o Others

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Global Retail Point of Sale Geographic Coverage:
• North America
o US
o Canada
o Mexico

• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Rest of Asia Pacific

• Rest of the World
o South America
o Middle East & Africa

APAC countries are investing more in retail point-of-sale projects. The APAC retail POS market has been divided into China, Japan, India, and the rest of the region. The retail point of sale market in APAC is predicted to increase due to a fast-growing client base due to the increasing significance of SMEs, and lower TCO.

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