Europe Retail Point of Sale Market By Product (Fixed and Mobile), By Component (Hardware, Software and Services), By End User (Supermarkets/Hypermarkets, Discount Stores, Gas Stations, Convenience Stores, Specialty Stores, Grocery Stores and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the Europe Retail Point of Sale Market
Market Report Description
The Europe Retail Point of Sale Market would witness market growth of 13.2% CAGR during the forecast period (2020-2026). A merchant can increase the speed of the store operation & also improve customer experience by adopting the POS software, which is specially designed for speedy checkouts. Improving the checkout speed is very important in busy multi-lane stores because they often face long ques. Quick checkout plays a crucial role in enhancing revenue during rush hours. The waiting time of customer in a line is indirectly proportional to the turnover & the sales.
In retail POS systems, particularly cloud POS software offers retailers more mobility & flexibility. It is because of the feature of cloud storage that a store owner can access any sort of business information from anywhere and at any point in time. A store owner can also manage tax reports, inventory levels, & sales data from their home or even on vacation. Well-designed cloud POS software can be operated on any gadget like laptops, tablets, or smartphones.
For any business, POS data is very important for its success. It is due to the aspect that data offers retailers the equipment to efficiently handle & monitor sales, inventory, and finances. Apart from the standard sales & inventory reports, advanced cloud-based retail POS systems assist store owners to increase sales by using their own POS data. The cloud POS is especially good at integrating with other cloud solutions, real-time stored data can be shared with other solutions like shipping services, e-commerce platforms, or listings like Google My Business that helps in enhancing SEO & surge the local foot traffic to stores.
The Germany market dominated the Europe Convenience Stores Retail Point of Sale Market by Country 2019, growing at a CAGR of 12.5 % during the forecast period. The UK market is exhibiting a CAGR of 12.9% during (2020 - 2026). Additionally, The France market is poised to witness a CAGR of 14.6% during (2020 - 2026).
The Hardware market dominated the Russia Retail Point of Sale Market by Component 2019, thereby, achieving a market value of $768.7 million by 2026. The Software market is estimated to grow at a CAGR of 13.8% during (2020 - 2026). The Services market would showcase a CAGR of 14.3% during (2020 - 2026).
Based on Product, the market is segmented into Fixed and Mobile. Based on Component, the market is segmented into Hardware, Software and Services. Based on End User, the market is segmented into Supermarkets/Hypermarkets, Discount Stores, Gas Stations, Convenience Stores, Specialty Stores, Grocery Stores and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Diebold Nixdorf, Inc., Intuit, Inc., NEC Corporation, Toshiba Corporation, Zebra Technologies Corporation, Square, Inc., NCR Corporation, Shopify, Inc., VeriFone Holdings, Inc. (Francisco Partners), and PAX Global Technology Limited.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Discount Stores
- Gas Stations
- Convenience Stores
- Specialty Stores
- Grocery Stores
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Diebold Nixdorf, Inc.
- Intuit, Inc.
- NEC Corporation
- Toshiba Corporation
- Zebra Technologies Corporation
- Square, Inc.
- NCR Corporation
- Shopify, Inc.
- VeriFone Holdings, Inc. (Francisco Partners)
- PAX Global Technology Limited
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free