The potential growth difference for the electronic cash register market between 2020 and 2025 is USD 4.48 billion, as per the latest market analysis report by Technavio. The report also predicts the market to witness an accelerating growth momentum at a CAGR of 5.68% during the projected period. The adoption of ECRs by SMEs and evolution of global retail landscape are some of the key market drivers. However, the growing e-commerce market will limit market growth.
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Market Competitive Landscape
The electronic cash register market is fragmented and the vendors are deploying growth strategies such as focusing on offering cloud-based solutions to retailers and merchants to compete in the market. To make the most of the opportunities and recover from post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The electronic cash register market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Some Companies Mentioned with their Offerings
- Casio Computer Co. Ltd.: The company offers different types of electronic cash registers such as personal Cash Registers, mid-line cash registers, next generation cash registers, and others.
- Dell Technologies Inc.: The company offers electronic cash register set which includes computer, product code scanner, cash drawer, etc.
- Forbes Technosys Ltd.: The company offers electronic cash registers under the brand name CT 1240 XP.
- Posiflex Technology Inc.: The company offers different types of electronic cash registers such as fan-free XP-3200 Series, POS terminal XP-3200 Series, MSR, and others.
- Royal Consumer Information Products: The company offers different types of electronic cash registers for the business purpose.
- Sharp Corp.: The company offer cash registers such as XEA-407 which is advanced sales reporting system with two large displays.
- SHIN HEUNG PRECISION Co. Ltd.: The company offers various eripheral equipment such as POS terminal, reciept printer, Kiosk, ECR, handheld computer, EFT POS terminal, etc.
- Silicon Systech & Services Pvt. Ltd.: The company offers various peripheral equipment such as barcode printer, computer display, cash register machine, etc for various office and business requirements.
- TIM Spa: The company offers electronic cash register for sophisticated sales desk under the brand name of Nettun.
- Toshiba Corp.: The company offers various electronic cash registers such as modern cash register machine, digital cash register machine, electronic cash register machine, and others.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Key Revenue-generating Segment Highlights
The electronic cash register market report is segmented by End User (retail and hospitality), Type (standard ECRs, checkout/POS system, and self-service POS), and Geography (APAC, Europe, North America, South America, MEA, APAC, Europe, North America, South America, and MEA).
- The retail segment held the largest electronic cash register market share during the forecast period. The rising preference for fast and easy checkouts among consumers is compelling supermarkets to integrate ECRs, which will drive the electronic cash register market growth.
- APAC will be the leading region with 59% of the market's growth during the forecast period. China, India and Japan are the key markets for electronic cash register market in APAC. Market growth in this region will be faster than the growth of the market in all other regions. The rapid growth of the retail sector will facilitate the electronic cash register market growth in APAC over the forecast period.
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Electronic Cash Register Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 5.68% |
Market growth 2021-2025 |
$ 4.48 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.35 |
Regional analysis |
APAC, Europe, North America, South America, and MEA |
Performing market contribution |
APAC at 59% |
Key consumer countries |
China, US, India, Japan, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Casio Computer Co. Ltd., Dell Technologies Inc., Forbes Technosys Ltd., Posiflex Technology Inc. , Royal Consumer Information Products, Sharp Corp., SHIN HEUNG PRECISION Co. Ltd., Silicon Systech & Services Pvt. Ltd., TIM Spa, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
- Executive Summary
- Market Landscape
- Market Sizing
- Five Forces Analysis
- Market Segmentation by End-user
- Customer landscape
- Geographic Landscape
- Vendor Landscape
- Vendor Analysis
- Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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Technavio Research
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Website: www.technavio.com/
SOURCE Technavio
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