Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 321

Global Electronic Cash Register Market 2019-2023

Posted by fidest press agency su lunedì, 14 ottobre 2019

Technavio has been monitoring the global cash register market since 2018 and the market is poised to grow by USD 4.9 billion during 2019-2023, progressing at a CAGR of almost 8% during the forecast period. The market is driven by the adoption of electronic cash registers (ECRs) by SMEs. In addition, the shift toward cloud-based solutions is anticipated to further boost the growth of the global electronic cash register market. The market has been witnessing strong demand for ECRs from SMEs over recent years. Factors such as low-cost and easy availability have increased the adoption of ECRs among end-users. SMEs in the retail and hospitality sectors are increasing the use of ECRs in terminals to ensure faster checkouts. The rise in the number of checkout terminals in the retail and hospitality industries will increase the demand for ECRs. Morevoer, the large unorganized retail sector in developing countries such as China and India is providing significant growth opportunities for market vendors. Thus, the increasing adoption of ECRs by SMEs is one of the key factors driving the growth of the global electronic cash register market.

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