Electronic Cash Register Market expected to reach USD 11 billion by 2023 | by Type, Product, End User and Regional Analysis

Electronic Cash Register Market: by Type (Stationary, Portable), Product (Standard ECRs, Checkout or POS Systems, Personal ECRs, Mobile POS Systems), End User (Retail, Hospitality) – Global Forecast till 2023

Pune, India - August 13, 2018 /MarketersMedia/ —

Market Highlights:

With the rising demand for the automated routine process, the organizations are planning to reduce the level one support, which is also known as customer support executive and replacing that with helpdesk automation. This is majorly due to the new industry chain structure comprising of helpdesk automation. The Helpdesk is a customer support for resolving the customer queries and issues related to the product or service. In a small & medium enterprise, the helpdesk is usually handled by a single person while in a large organization, the level of support is complex and widespread requiring more than one person. The factors such as widespread adoption of personal devices in workplaces are expected to drive the market in coming years. However, the limited capabilities of small organizations to adopt the automation process is restraining the growth of the market. The market for global helpdesk automation is expected to reach USD 11 billion by 2023 at a CAGR of 33 % during the forecast period 2017 -2023.

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Major Key Players

The global helpdesk automation market holds prominent key players and other vendors: BMC Software, Inc (U.S.), CA Technologies (U.S.), Hewlett Packard Enterprise Company (U.S.), Landesk Software (U.S.), ServiceNow, Inc (U.S.), Axios Systems (U.K.), HappyFox Inc (U.S.), FrontRange Solutions (U.S.), NTRglobal (Spain), Sunrise Software Ltd (U.K.), Atlassian Corporation Plc. (Australia) among others.

According to MRFR, The global Electronic Cash Register Market is expected to grow at a CAGR of approximately 11% during the forecast period 2017-2023.

Industry Updates:
Feb 2018 Ingenico Group has created an app that will aid customers use their coupons, gift cards and loyalty rewards when using their mobile phones for payments. They have made Google Pay Smart Tap available on their point of sale systems across the U.K. This payment transfer can be achieved by holding a phone near Ingenico’s POS terminals which are NFC-enabled through which consumers can transfer reward and loyalty information stored in their Google Pay accounts, and can then subsequently apply it to transactions. Merchants of all sizes will be able to grow the use of loyalty programs and deliver a faster and unified customer experience through Google Pay Smart Tap.

Competitive Analysis
The goods that are on offer presently vary greatly owing to the reason of the strong pace of technological discoveries. This has raised the opportunities for the approaching growth period. The companies in this industry space are connecting their resources to achieve their vision for achieving considerable portion of the business as early as possible. This consequence is productive for firms so that they may maintain fiscal liquidity to take the best conclusions in terms of strategy execution and planning. The profitable prospects available in this market are being utilized by contenders who are trying to spread their market

Segmentation
The industry for ECRs is categorized on the basis of product, type and application. On the basis of type, the segment includes portable and stationary ECRs. Standard electronic cash registers division is estimated to control the main portion of the industry due to the growing use of debit card and credit card payments. The product category of ECRs contains checkouts or POS systems, standard ECRs, mobile POS systems and personal ECRs. While, the end user category includes, the market is segmented into hospitality and retail.

Regional Analysis
North America, presently holds the largest share in the global market. This dominance is due to a thriving retail sector and rapid adoption of modern technology in the region. Quick service restaurants and small & medium businesses in North America are increasingly adopting electronic cash register systems, thus motivating market growth.
The Asia Pacific is expected to grow at a rapid rate due to the growing support for a cashless economy. The unrealized potential for this market in the APAC region has motivated market leaders to shift focus to the area. Emerging economies of this region are witnessing rising disposable incomes which have contributed to a thriving retail industry further compelling growth of the electronic cash register market.

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Intended Audience

• Technology Investors
• Research/Consultancy firms
• Technology Solution Providers
• Government Bodies
• Retailers
• Hospitality Sector

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Release ID: 392770