North America 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
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The North America Retail Point of Sale Market would witness market growth of 12.5% CAGR during the forecast period (2020-2026). Retailers can monitor gross revenue, inventory changes, sales pattern, and price accuracy based on the features of the software. By utilizing the integrated technology to monitor the data, retailers can keep an eye on disparities in cash & price, which can incur a loss in profit or can restrict sales. Some of the POS systems can track the inventory & buying trends, which can assist retailers to eliminate customer service problems like out-of-stock sales & customize purchasing and marketing according to the consumer behaviour.
There are certain advanced POS systems that are programmable or enable improvement with third-party software programs. These systems could be customized to fulfil the specific requirements of the retailers. For instance, there are many retailers who utilize POS systems to operate their membership programs in which they allot award points to frequent buyers & give them discounts on future purchases.
Recently, cloud-based POS systems are highly adopted by retailers, especially by large online merchants, to monitor & process various purchases. The cloud-based systems majorly decrease the upfront costs for embedding a POS system for various businesses. In the hospitality sector, customers can communicate directly to the POS systems. These kinds of systems are also known as location-based technology, which processes the transaction at the location of customers. For instance, there are numerous restaurants, where customers can see the menu & also place orders on the terminals located at their table. Customers utilize the same kind of terminals to request room service or to pay bills in the hotels.
The US market dominated the North America Mobile Retail Point of Sale Market by Country 2019, and would continue to be a dominant market till 2026. The Canada market is experiencing a CAGR of 16.9% during (2020 - 2026). Additionally, The Mexico market would witness a CAGR of 15.9% during (2020 - 2026).
The Supermarkets/Hypermarkets market dominated the Canada Retail Point of Sale Market by End User 2019, growing at a CAGR of 13.5 % during the forecast period. The Discount Stores market is showcasing a CAGR of 17% during (2020 - 2026). Additionally, The Gas Stations market is estimated to grow at a CAGR of 15.7% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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
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