NEW YORK, April 12, 2021 /PRNewswire/ --
The point of sale (POS) cash drawer market is expected to grow by $ 477.06 mn, decelerating at a CAGR of almost 6% during the forecast period.
NEW YORK, April 12, 2021 /PRNewswire/ --
The point of sale (POS) cash drawer market is expected to grow by $ 477.06 mn, decelerating at a CAGR of almost 6% during the forecast period.
The increasing safety and effective cash management, growing organized retail format, and continued dominance of cash in consumer transactions worldwide are major factors propelling the market growth. However, factors such as the increasing popularity of non-cash payments in retail stores, growing sales of e-commerce reducing customer footfalls in retail stores, and increasing focus of governments on promoting a cashless economy will hamper the market growth.
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Point of Sale (POS) Cash Drawer Market: End-user Landscape
Based on the end-user, the retail segment is expected to witness lucrative growth during the forecast period.
Point Of Sale (POS) Cash Drawer Market: Geographic Landscape
By geography, APAC is going to have lucrative growth during the forecast period. About 55% of the market's overall growth is expected to originate from APAC. China, Japan, and India are the key markets for point of sale cash drawers in APAC. The growing organized retail sector will facilitate the point of sale cash drawer market growth in APAC over the forecast period.
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