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Dallas, Texas, Oct. 21, 2022 (GLOBE NEWSWIRE) — Digital payments have increased in popularity over time as a result of rising internet and smartphone usage. Along with technology, the global retail point-of-sale market is developing. Businesses may now choose a model that gives the features and functionality they require because there are a variety of models available. Likewise, there are now a lot of providers ready to match demand because of their rising popularity. Government initiatives to promote digital payment systems are fueling the growth of the global retail POS market.
The global retail point-of-sale market is anticipated to grow to USD 42.81 billion by 2028, with a CAGR of 12.6% over the forecast period.
The development of self-checkout services, especially in industrialized nations, is another factor driving the demand for retail POS. On the other hand, security risks can prohibit the company from growing. The rising customer preference for cashless transactions is the main factor driving the global retail point of sale industry.
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Global retail point-of-sale market market scope:
| Metrics | Details |
| Study Period | 2018-2028 |
| Market Size in 2028 | USD 42.81 billion |
| Segment Covered | Type, Component, Deployment, End-User, Regions |
| by Type Covered | Fixed PoS, Mobile PoS |
| Component Covered | Software, Services, Hardware |
| Regions Covered | North America, Europe, Asia Pacific, Middle East, and Africa and South America |
| Key Players Profiled | SAP SE, Oracle Corporation, Epicor Software Corporation, Microsoft Corporation, and Infor Global Solutions |
Because a POS system expedites decision-making, saves time, and boosts shop profitability, small businesses are becoming more and more interested in POS systems for retail. Therefore, it is projected that throughout the course of the projection period, the retail POS market will expand at a faster pace. The flaws in software and…
Read on GNW: At 12.6% CAGR, retail point of sale Market to Reach US
