Electronic Cash Register Market: by Type (Stationary, Portable), Product (Standard ECRs, Checkout or POS Systems, Personal ECRs, Mobile POS Systems), End User (Retail, Hospitality) – Forecast till 2027
ID: MRFR/SEM/3287-HCR | February 2021 | Region: Global | 100 pages
Electronic Cash Register Market Overview:
The global electronic cash register market is moving forward with a CAGR of 11% for the forecast period of 2017 to 2023. Huge demand in the retail and consumer market industry is pushing the growth of these registers in the global market. When it comes to money, all business owners, proprietors, managers, are very protective about the daily cash flow on the counters. It is needless to say how important it is to increase the security regarding cash in a business enterprise. Investing in secure and efficient cash registers pays for itself.
An electronic cash register does not look very different from a regular one. Additionally, an electronic register has a digital screen or monitor, an internal computerized system, memory, storage, and lock. These registers are computer password protected. In some latest models, there are biometric finger touch protection, card-swiping slots, and many more. The electronic cash register industry has a potential growth opportunity based on new advancements in the field. Also, expansion of the supermall and market chains in several developing countries is a prime factor in the improvement of the current market scenario.
COVID-19 Analysis:
Since the COVID-19 pandemic has emerged as a primary threat to the human race, it has impacted all parts of the global market. The infectious disease has presented a global crisis before people assembling and gathering in the workplace. Especially, in the retail market and counter sales industry, the impact of COVID-19 had been massive. In several countries of the world, there was a lockdown for months due to the Government's instructions of social distancing. These practices have dramatically reduced the number of the workforce, consumers, retailers, and manufacturers from the market. The electronic cash register market has faced severe hits due to this crisis period.
Due to lockdowns, the majority of the consumers are trusting online delivery services. Which is predominantly a cashless transfer method. Also, many brands and corporations are rooting for cashless transactions to avoid surface contact during marketing and shopping. So, the impacts of the COVID-19 have been negatory on the cash register industry as a whole. Although, after the lockdowns are over, the markets have started to revive. In that context, it can be expected that the electronic cash register market share will expand with the progression of time also.
Electronic Cash Register Market Dynamics:
Drivers:
The efficiency and security of using an electronic cash register are some of the primary drivers for the market. In the busy retail industry, it is challenging to manually calculate and control the cash collection, roll out, taxes from the directory. The software system on the electronic cash register makes it fairly easy to input the details fast and effectively. The system also stores the monthly data in an organized and efficient way, which makes working on the monthly taxes very fast and smooth. These efficiency factors are one of the major drivers of the cash register machines market.
It is noteworthy that most of the modern cash registers offer multi-layered password protection. This makes the system safe and secure. Since all data stored in the devices are digital, it is much more efficient to catch theft, forgery, or fraud from the cash counter. The electronic cash register offers clarity on regular business dealings. This factor attracts a lot of consumers. Transparency in business deals is a major quality of efficient devices. So, that is a market driver for the electronic cash register market too.
Opportunities:
The constant innovation in the technological front represents a lot of opportunity in front of several industries. In the case of electronic registers, the advancements in the internet of things (IoT) and cloud computing technology have invited great scopes for the market. Cloud technology allows instant backup and records of end-to-end data in cloud storage. This facility makes the cash registry system more transparent and efficient. The chances of losing data reduce in the cloud system.
The electronic cash register billing machines are going to observe great possibilities due to the increase in sales via the eCommerce industry in certain industries. Especially in the third-party logistics, warehouses, and branded showrooms will invite a lot of requirements of these electronic cash registers. In the case of the food and beverages delivery, there is a dominance of cash-payment because of the convenience. Ecommerce markets will provide that demand for cash registers in food delivery chains as well.
Restraints:
One of the major restraints in the electronic cash register market growth is the unavailability of trained staff who can effectively operate the devices. The operations of these devices are not rocket science, yet it can be challenging for the group of employees who are technologically challenged. A lot of staff in a third-world countries and developing nations, do not have regular access to computers and similar devices. For that massive workforce, these devices impose an added burden to learn the processes via training. Conducting additional training can be a waste of service hours and resources.
Also, there is no absolute standardized method to use the devices. The operational functions vary from each other based on the model, brand, and variants. This factor proposes another unnecessary complication for the end-users.
Challenges:
The goodness of technology is a challenge of the present times too. Advancements in the existing devices may require a total exchange, up-gradation, etc. These costly reprocessing or renovations in the system are a challenge for the end-user in the SME groups. These factors have an adverse reaction to the electronic cash register market demands. The SME industry constitutes a major consumer base for the market. It is counterintuitive to promote expensive system up-gradation for a given market.
Also, recent trends show that mishandling of these devices can cause severe loss and damages. At any point, if the software of the computer becomes dysfunctional, all the recorded information goes away. Electronic manipulation and hacking of the system are also a serious probable threat to the current market. It is also important that the electronic cash register market focuses on the issue of affordability when determining the challenges for the market.
Cumulative Growth Analysis:
Several market challenges and threats could not stop the industry to move forward. The global market is growing at a CAGR of 11% for the forecast period of 2017 to 2023. The electronic cash register market forecast suggests that the net valuation of the market will reach USD 6 billion by the end of 2023. This growth is majorly credited to SME end-users around the world. The retail markets of the small and medium enterprises are the largest shareholders of the grand market size.
Value Chain Analysis:
Like every industry, the market is heavily reliant on the distribution channel of the products. The global electronic cash register market size depends on the various chains of marketing that the manufacturers employ. Based on the current trends, the electronic registers reach the end-users via retail marketing, branded showrooms, and online stores. The global market depends on business entities of all kinds in the global market. From big chains of a global brand to countless small regional stores, are potential end-users of the electronic cash register market. So, the products must reach the end-users properly.
Electronic Cash Register Market Segment Overview:
Multiple market parameters divide the electronic cash register market size into various segments. The segments are classified based on type, product, end-users, regions, etc. There are multiple subsegments based on the segments in the market.
Electronic Cash Register Market Segment Based on The Type:
- Stationary
- Portable
- Other
Electronic Cash Register Market Segment Based on Product:
- Standard electronic cash registers
- Checkouts
- POS system
- Personal electronic cash registers
- Mobile POS systems
- Others
Electronic Cash Register Market Segment Based on End-User:
- Retail
- Hospitality
- Others
Electronic Cash Register Market Segments Based on Application:
- Oil and gas
- Refining
- Power generation
- Chemical
- Others
Electronic Cash Register Market Segment Based on Region:
- North America (US, Canada, Mexico)
- Europe (Germany, UK, France, Spain, etc)
- Asia Pacific (China, India, Japan, etc)
Electronic Cash Register Market Regional Analysis:
The North American market is the largest shareholder of the global electronic cash register market size. There is the dominance of high-income countries like the US, Canada, Mexico, UK, Germany, Italy, France, etc, in the global market. Due to the latest improvements and expansions in the retail and supermarket chain, APAC countries like China, India, Japan, are gaining their market share fast. In the coming years, the APAC region will be the fastest-growing market in the world.
Electronic Cash Register Market Competitive Landscape:
The major key players in the market are:
- Toshiba Corporation (Japan)
- Casio Computer Co (Japan)
- Dell Inc (US)
- Hewlett Packard (US)
- Forbes Technosys (India)
- Olivetti S.P.A (Italy)
- Citaq Co Ltd (Germany)
- Fujitsu Ltd (Japan)
- Posiflex Technology Pvt. Ltd (Taiwan)
Electronic Cash Register Market Recent Developments:
Casio Computers exclusively offered LCDs and printers in the ECRs. The systems also included different colored backlights for the distinct identification of customer entries.
Electronic Cash Register Market Report Overview:
The electronic cash register market report offers the latest insights on the ECR industry traits, drivers, challenges, trends, etc.
Electronic Cash Register Market Report Period:
- Historic: 2017
- Base: 2021
- Forecast: 2023
Electronic Cash Register Market Report Demography:
- North America
- Europe
- APAC
Frequently Asked Questions (FAQ) :
The global electronic cash register market is expected to reach a value of USD 6 billion by 2023.
The global electronic cash register market can display a CAGR of 11% from 2017 to 2023.
Establishment of ecommerce stores can drive the global electronic cash register market.
North America can dominate the global electronic cash register market till 2023.
Posiflex Technology Pvt. Ltd., Forbes Technosys, Citaq Co. Ltd., Foxconn Technologies, Dell, Inc., Toshiba Corporation, Olivetti S.p.A., Fujitsu Ltd., Casio Computer Co., Ltd., and Hewlett-Packard are key players of the global electronic cash register market.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
4 EXECUTIVE SUMMARY
5. MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES ANALYSIS
5.2 SUPPLY CHAIN ANALYSIS
6 ELECTRONIC CASH REGISTER MARKET, BY SEGMENTS
6.1 INTRODUCTION
6.2 MARKET STATISTICS
6.2.1 BY TYPE
6.2.1.1 STATIONARY
6.2.1.2 PORTABLE
6.2.2 BY PRODUCT
6.2.2.1 STANDARD ECRS
6.2.2.2 CHECKOUTS OR POS SYSTEMS
6.2.2.3 PERSONAL ECRS
6.2.2.4 MOBILE POS SYSTEMS
6.2.3 BY END USER
6.2.3.1 SUPERMARKETS
6.2.3.2 SPECIALITY STORES
6.2.3.3 HYPERMARKETS
6.2.3.4 RESTAURANTS
6.2.3.5 OTHERS
6.2.4 BY REGION
6.2.4.1 NORTH AMERICA
6.2.4.1.1 U.S.
6.2.4.1.2 CANADA
6.2.4.1.3 MEXICO
6.2.4.2 EUROPE
6.2.4.2.1 UK
6.2.4.2.2 GERMANY
6.2.4.2.3 FRANCE
6.2.4.2.4 ITALY
6.2.4.2.5 REST OF EUROPE
6.2.4.3 ASIA PACIFIC
6.2.4.3.1 CHINA
6.2.4.3.2 JAPAN
6.2.4.3.3 SOUTH KOREA
6.2.4.3.4 INDIA
6.2.4.3.5 REST OF ASIA PACIFIC
6.2.4.4 REST OF THE WORLD
7 COMPETITIVE ANALYSIS
7.1 MARKET SHARE ANALYSIS
7.2 COMPANY PROFILES
7.2.1 TOSHIBA CORPORATION (JAPAN)
7.2.2 SHARP CORPORATION (JAPAN)
7.2.3 CASIO COMPUTER CO., LTD. (JAPAN)
7.2.4 DELL, INC. (U.S.)
7.2.5 OLIVETTI S.P.A. (ITALY)
7.2.6 CITAQ (GERMANY)
7.2.7 FUJITSU LTD. (JAPAN)
7.2.8 HEWLETT-PACKARD (U.S.)
7.2.9 FORBES TECHNOSYS (INDIA)
7.2.10 POSIFLEX TECHNOLOGY (TAIWAN)
7.2.11 OTHERS
LIST OF TABLES
TABLE 1 ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 2 ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 3 ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 4 ELECTRONIC CASH REGISTER MARKET, BY REGION
TABLE 5 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 6 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 7 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 8 U.S. ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 9 U.S. ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 10 U.S. ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 11 CANADA ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 12 CANADA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 13 CANADA ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 14 MEXICO ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 15 MEXICO ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 16 MEXICO ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 17 EUROPE ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 18 EUROPE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 19 EUROPE ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 20 UK ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 21 UK ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 22 UK ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 23 GERMANY ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 24 GERMANY ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 25 GERMANY ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 26 FRANCE ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 27 FRANCE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 28 FRANCE ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 29 ITALY ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 30 ITALY ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 31 ITALY ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 32 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 33 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 34 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 35 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 36 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 37 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 38 CHINA ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 39 CHINA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 40 CHINA ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 41 JAPAN ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 42 JAPAN ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 43 JAPAN ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 44 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 45 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 46 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 47 INDIA ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 48 INDIA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 49 INDIA ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 50 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 51 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 52 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY END USER
TABLE 53 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY TYPE
TABLE 54 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
TABLE 55 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY END USER
LIST OF FIGURES
FIGURE 1 RESEARCH TYPE
FIGURE 2 ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 3 ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 4 ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 5 ELECTRONIC CASH REGISTER MARKET, BY REGION
FIGURE 6 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 7 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 8 NORTH AMERICA ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 9 U.S. ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 10 U.S. ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 11 U.S. ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 12 CANADA ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 13 CANADA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 14 CANADA ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 15 MEXICO ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 16 MEXICO ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 17 MEXICO ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 18 EUROPE ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 19 EUROPE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 20 EUROPE ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 21 UK ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 22 UK ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 23 UK ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 24 GERMANY ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 25 GERMANY ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 26 GERMANY ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 27 FRANCE ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 28 FRANCE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 29 FRANCE ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 30 ITALY ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 31 ITALY ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 32 ITALY ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 33 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 34 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 35 REST OF EUROPE ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 36 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 37 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 38 ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 39 CHINA ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 40 CHINA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 41 CHINA ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 42 JAPAN ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 43 JAPAN ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 44 JAPAN ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 45 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 46 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 47 SOUTH KOREA ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 48 INDIA ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 49 INDIA ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 50 INDIA ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 51 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 52 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 53 REST OF ASIA PACIFIC ELECTRONIC CASH REGISTER MARKET, BY END USER
FIGURE 54 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY TYPE
FIGURE 55 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY PRODUCT
FIGURE 56 REST OF THE WORLD ELECTRONIC CASH REGISTER MARKET, BY END USER