Top Industry Leaders in the Retail Point of Sale Terminals Market
The Competitive Landscape of the Retail Point of Sale Terminals Market
The retail point-of-sale (POS) terminals market is experiencing dynamic growth, fueled by factors like the rise of e-commerce, omnichannel retailing, and consumer demand for seamless shopping experiences. This dynamic landscape is characterized by a diverse range of players, each vying for market share through distinct strategies and value propositions.
Key Player:
- Acrelec
- AURES Group
- HM Electronics
- Hewlett Packard Development LP
- NCR Corp.
- Oracle
- Presto Group
- Qu, Inc.
- Quail Digital
- Revel Systems
Factors for Market Share Analysis:
- Product Features and Functionality: The breadth and depth of features offered, including omnichannel capabilities, inventory management, data analytics, and security measures, play a crucial role in attracting and retaining customers.
- Pricing and Subscription Models: Competitive pricing models, flexible subscription options, and transparent pricing structures are critical factors influencing customer choice.
- Ease of Use and Deployment: User-friendly interfaces, intuitive workflows, and quick deployment options are essential for attracting and onboarding new customers, especially small businesses.
- Hardware and Software Integration: Seamless integration with existing hardware and software infrastructure is crucial for reducing complexity and ensuring smooth operations.
- Customer Service and Support: Responsive and reliable customer support is essential for building trust and loyalty among customers.
New and Emerging Companies:
- Internet of Things (IoT): Connecting POS systems with sensors and devices in stores enables real-time data collection, automated inventory management, and personalized customer experiences.
- Artificial Intelligence (AI): AI-powered analytics can optimize pricing, predict demand, and personalize customer recommendations, leading to improved sales and profitability.
- Blockchain: Blockchain technology can enhance security and transparency in payment transactions, reducing fraud and building trust with customers.
Latest Company Updates:
Acrelec:
- November 1, 2019: Announced an undisclosed Series funding round.
- October 27, 2023: Announced partnership with Deliverect, a leading online food delivery platform, to integrate Acrelec's POS systems with Deliverect's delivery management platform
- October 19, 2023: Showcased its latest POS solutions at GITEX Technology Week, a major technology event in Dubai.
- Ongoing: Acrelec actively contributes to industry discussions and reports on trends in the POS market. You can find recent insights on their website and social media channels.
AURES Group:
- October 26, 2023: Announced financial results for the first half of 2023, reporting a 14.2% increase in revenue compared to the same period in 2022.
- October 18, 2023: Launched its new self-service kiosk, the Yuno Touch 15, designed for quick service restaurants and retail stores.
- August 17, 2023: Partnered with Mastercard to offer contactless payment solutions for AURES Group's POS terminals.
- Ongoing: AURES Group regularly participates in industry events and releases thought leadership content on its website and social media channels.