Posts

Retail POS Terminals Market Analysis, opportunities Trends And Industry Strategies 2016 – 2023 – Credence Research

As stated in a new market report published by Credence Research, Inc. “Global Retail POS Terminals Market (By Product Type (Fixed POS terminals and Mobile POS terminals), By Component (Hardware and Software), and By Application (Supermarkets, Hypermarkets, Specialty Stores, Grocery Stores and Mass Merchandisers, and Gas Stations among others) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the global retail POS terminals market is expected to witness a steady growth, expanding at a CAGR of 12.8% from 2016 to 2023.

Market Insights

A Point of Sale terminal is an electronic device that accepts card payments from customers at a point of purchase. Some of the major functions performed by a POS terminal in a retail store include maintaining customer record, data backup, fast bill processing, inventory tracking, managing loyalty program, and offering special discounts among others. These functions enable retailers to ensure operational efficiency and streamline workflow, thereby boosting sales and profits. POS terminals offer higher durability and reliability over their traditional counterparts like cash registers, and hence have started replacing them in both small as well as medium sized retail stores. The demand in the retail sector is also driven by the escalating demand for mobile POS solutions.

Browse the Global Retail POS Terminals Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023 report at http://www.credenceresearch.com/report/retail-pos-terminals-market

Competitive Insights:

The global retail POS terminals/systems market is competitive and technology driven. In addition, the market for POS terminals in retail sector is extremely consolidated owing to the mergers and acquisitions of SMEs by/with large companies. Verifone Systems, Inc. (the United States) and Ingenico S.A. (France) collectively account for over half of the global retail POS terminals market revenue. Other players including NCR Corporation (the United States), PAX Technology Ltd. (Hong Kong), Toshiba Corporation (Japan), MICROS Systems, Inc. (the United States), Hewlett Packard (the United States), Panasonic Corporation (Japan), and Samsung Electronics Co., Ltd. (South Korea) have been identified as promising and emerging players in the retail POS terminals market.

Key Trends:

Growing adoption of cloud-based (SaaS platform) POS devices
Growing preference for cashless transactions
Banks have been instrumental in triggering circulation of credit and debit cards
Opportunity for retailers to add value and loyalty options
Mobility Revolution
Request Sample: http://www.credenceresearch.com/sample-request/57961

ToC:

Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted
Executive Summary
2.1. Global Retail POS Terminals Market Snapshot
Global Retail POS Terminals Market Analysis
3.1. Global Retail POS Terminals Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.3.3. Opportunity Matrix
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted…
Request For Customization: http://www.credenceresearch.com/request-for-customization/57961

Blog: http://prnewswireindustry.blogspot.com/2017/02/Retail POS Terminals-market-is-expected-to-grow-us.html

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com

Opportunities Galore in the Retail Industry

According to the Current Employment Statistics Survey conducted by the BLS, payroll employment other than farm added 169,000 jobs for the month of August, 2013 of which 44,000 were jobs in retail. This is considered to be a direct influence of the recovering mode the US economy has finally gotten into. With more and more consumers getting less conservative about their expenses, the retail industry is able to get back on its feet with impressive consistency. For individuals looking for lucrative career options, the retail sector is definitely worth considering.

Different areas where retail careers can be explored are –

*Operations in Stores

Careers in areas like store operations, customer, employee and merchandise security, store management and sales assistance can be explored for lucrative opportunities.

*Administration and Finance

Careers in areas relating to staffing, auditing, accounting, finance, liaising can be considered. Capital acquisition and identifying sources of working capital and mergers and acquisitions are some of the challenging tasks to deal with in the retail sector.

*Human Resources and Training

The retail industry is all about managing the company’s greatest asset – the workforce. People skills are needed for careers in areas like recruiting, managing and training people. Jobs related to legal skills related to managing employee issues are also available aplenty.

*Buying and Merchandising

An eye for detail and numbers to match with creative flair are the requirements for a job in this category. Studying and forecasting trends, bargaining with vendors, selecting merchandise are some of the responsibilities to handle.

*Marketing and Public Relations

Jobs are created in areas like handling of media and public releases, advertising, promotions relating to sales, art merchandising and creating content for the company website and the online store.

*Customer Care Centers

Customer care call centers, customer support centers and online customer interaction are great avenues for jobs. High school graduates may also find sufficient opportunities in this area.

*Information Technology

Every department in the retail industry is governed by technology and support is essential for smooth functioning of all the functions. Jobs in setting up the basic technology framework to updating the soft wares, handling inventory programs from the buyer to the seller, managing real time merchandise updates, etc. are some of the complex technology driven careers to be explored.

*Logistics and Distribution

Overseeing storage and warehousing of merchandise, planning optimal distribution channels, handling various transportation options and import – export related duties constitute functions in careers in this department.

Online job search engines, company websites, advertisements in various print media, word of mouth and referrals are excellent sources to scour for retail job openings.

The Employment Outlook report formed by the BLS, observes the retail industry as America’s biggest employer with projections of 1.6 million retail jobs added from the year 2004 to 2014 taking the figure from 15.0 million jobs in 2004 to the projected 16.7 million jobs in 2014. A profusion of opportunities offered for a diverse group of skill sets and education backgrounds make it an exciting and challenging industry to be in.

MBA-Retail Management: Huge Opportunities in fast-growing sector

In the last decade or so, Indian retail industry has witnessed great upsurge. With huge changes in the retailing patterns, including the upcoming of mall culture, the retail sector has become one of the pillars of Indian economy. It accounts for 14 to 15 per cent of national GDP. Indian retail market is among top five retail markets in the world with economic value of about US$ 500 billion, providing galore of employment opportunities. Given this boom in the retail sector, demand for trained and talented retail management professionals is growing not only in India but abroad as well. Big brands have opened retail chains throughout the cities & rural areas that offer huge job openings. A professional with excellent communication skills and a flair for convincing people can be recruited as store managers, customer care executives, merchandise officers, public relations executive and so on, in a multinational company.
To take care of the demand for management professionals with specialized knowledge of Retail sector, the GLA University (GLAU), Mathura offers Retail Management as major specialization in its highly reputed two-year degree course MBA. The Institute of Business Management at GLAU aims at nurturing customer-oriented professionals, enabling them to understand the retail industry dynamics and manage the fastest growing sector effectively.
MBA (RM) at GLA University provides specialized knowledge, required skills and attitude along with multitasking abilities to deal with complex business situations. The precisely and carefully designed MBA curriculum at GLAU is pretty sophisticated, flexible and hits bull’s eye in term of maintaining industry standards and keeping pace with ever growing body of knowledge. Its holistic nature indeed paves the way for better managerial skills.
The dual-specialization system adopted by the University gives students freedom to choose specializations from the fields of Marketing, Finance, Human Resource, International Business, Information Technology, Development, Retail, Operations and Strategic & Technological Management.
The first year of the course consists of core subjects that lays a strong foundation in one’s quest to become a good manager. These core subjects include Business Communication, Business Environment, Financial Accounting, Managerial Economics, etc. The second year of the program is centered around the specialization subjects, in which apart from some other common subjects there are four elective subjects spread over all the three trimesters of the final year. This imparts in-depth knowledge of the major specialization subject. Course Projects, Research and training is also based on the chosen major specialization.
Subjects included in Retail Management specialization are: Finance in Retail Operations, Retail Information Systems, Fundamentals of Retail Management, Retail Merchandising, Shoppers’ Behavior & Selling Skills, Retail Supply Chain Management & Vendor Development, Legal issues in Retail, Retail Store Operations, Store Design Layout & Visual Merchandising. These subjects, live projects and real-life training sessions ensure that the would-be manager passing out from GLAU makes one of the finest professionals.

Emerging Opportunities in Retail Analytics Market with Current Trends Analysis

Over the recent years, big data analytics market has seen tremendous growth in various industries. It has helped businesses uncover several potential prospect by understanding customer’s preferences and market trends. Retail analytics market is a sub-set of big data analytics market. Retail analytics aids in information gathering and assessment of data across the entire value chain. Primarily focusing on the retail sector, retail analytics solution offer retailers in understanding and responding to changing customer experience. In addition, retail analytics improves businesses by provides new and faster ways to identify product and channel preferences, understand inventory demands in real time and serve consumers in a better way, thus ensuring the operation is more flexible and efficient. Customer’s information can be gathered in real-time through various mediums such as smartphones, weight sensors, motion sensors, cameras, and RFID, whether it may be online or in-store.

Retail Analytics Market: Segmentation
Retail analytics market is segmented on the basis of deployment model, solution type and region. By deployment model, retail analytics market can be segmented into on-premise and cloud-based. On the basis of solution type, the retail analytics can be segmented into software and services. Services can be further sub-segmented into consulting, integration and support and maintenance. Regionally, retail analytics market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ) and Japan.

Request Free Report Sample@ http://www.futuremarketinsights.com/reports/sample/rep-gb-1272

Retail Analytics Market: Regional Outlook
Retail analytics market is expected to witness a healthy CAGR during the projected period due to increasing popularity of data analytics solution and penetration of smartphones and digital platforms among users across emerging markets. North America is the dominating region in retail analytics market and is expected to remain dominant followed by Western Europe during the forecast period. APEJ is expected to reflect highest CAGR during the forecast period.

Retail Analytics Market: Drivers
With big data analytics gaining popular among other sectors and continuous development of data analytics by major vendors are expected to drive the growth of retail analytics market. In addition, the simplicity, cost-effective, scalability and flexibility solution that retail analytics vendor offer is expected to boost the growth of the retail analytics market. In addition, the increasing penetration of e-commerce and social media and smartphones among users in emerging markets is anticipated to boost the growth of retail analytics market. However, the lack of awareness in certain regions is expected to hinder the growth of retail analytics market amidst the forecast period 2015-2025.

Visit For TOC@ http://www.futuremarketinsights.com/toc/rep-gb-1272

Retail Analytics Market: Key Players
The key vendors in the retail analytics market include IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, SAS Institute Inc., HCL Technologies Ltd., Cisco Systems Inc., Micro Strategy, Inc. and Tableau Software, Inc. Major players in the retail analytics market follow the strategy of partnerships and acquisition of various local player to gain a competitive edgein the market. In addition, the major players offer customized solutions to cater to the demand of various users.