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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
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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…
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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.

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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.

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Retail Interior Design – Ideas and Trends

When store owners are looking for a reliable and reputed interior designer, the very first decision which comes to their mind is how the retail interior design would have a great impact on their marketing objectives. It is all about taking the right decision and selecting suitable design, right from the storefront layout and the location of the cash counter, which would send a good message to the customers.

Retail interior design is all about knowing how to promote the store itself through use of proper lighting, furnishings, and finishes. The interior design plays an important part to pull consumers to the retail store. Most of the customers prefer to do their shopping at beautifully designed and maintained shops and showrooms, even if they are not spending lavishly.

Acquiring a perfect place to display and stock products for sale is not sufficient enough when it comes to opening a retail store. Designing and setting up a retail store is actually a science as well as an art, which apart from creating space and trading merchandise to customers, also requires inviting people to pay visit and actually make a purchase.

Retail interior design is conducive to catch the attention of potential customers, particularly the target market. This is exactly how the consumers view the retail store as a whole. For instance if it is apparel store, it should allure to the senses of the consumers who can afford and actually spend on the merchandise. If it is hardware store that aims to extend its clientele demographics from professionals to all DIY enthusiasts, it should have an interior design that appeals to wider and varied clients.

Once at the entrance, customers should be enticed further to explore the interior of the store. There are different techniques on how to display and stock merchandise inside the store to make each of the products stand out and boost sales.

Retail interior design is not just confined to the interior decoration of the store. Actually, it starts right from the exterior, from the billboard to merchandise presentation. The most crucial part is the external look of the edifice as it should get the notice of the passersby and allure them to explore the store even if they are not familiar with the brand’s products or even if there is no sales promo or discount offer posted outside the windowpane.

When considering the retail design, the store’s concept and lighting are the most important factors that need to be taken into consideration. Consumers should find it easier to shop inside the store than attempt to shun shopping there. Most clients consider it more convivial to go shopping at a place which exhibits right visual displays. It is essential to present gleaming retail spaces that can make retail stores look larger and let customers wander around the design.

A successful retail interior design integrates the rudiments of graphics, product promotion, marketing and ergonomics. It actually penetrates into the mind of people, turning them into potential consumers who spend their time inside the retail store and ultimately buy something. It plays a big role in enhancing the store’s sales and thereby brings huge profits.

Retail Industry Solutions Support Retail Industry Trends

Retail industry is growing like a speeding train running at its fastest speed. The trends, features and functionality have changed evidently. Big names in the retail world are gearing up for further advancements in the retail sector. That is a dash of technology to further enhance the ever expanding retail market.

Retail industry solutions support retail industry trends that are the day to day part of any retail organisation. This includes, product innovation, expanding the territories in to global markets, aligning all the business assets necessary in functioning, improved supply chain management, sustainability in the market. The aim is to build customer loyalty and boost store revenue. Technology in retail has led to virtual access to information and applications that run the entire store. Also, to provide solutions that eventually leads to customer loyalty and brings in more revenue for the organisation.

Retail Industry Solutions Leads to

* Improved Customer Experience – Entire retail chain works around customer satisfaction. Adding a dash of technology further transforms mere customers into loyal customers. These solutions give the retailers a chance to convert potential customers into actual customers and actual customers into loyal customers.
* Retail Made Lean – Retail solutions make it rather lean to handle smoothly and conveniently. Optimization of data as well as applications is the result of retail solutions. Further, the process helps in reducing energy costs in the stores.
* Safe and Secure Payment Options – The most important thing customer is worried of is the billing method. Swapping cards is rather prone to frauds and thefts. Hence, an improved retail system solution makes sure that, the systems are secured. The same is then communicated to the customers.
* Timely Delivery – Another important aspect of retail apart from management of in-store things is, timely delivery of products to the customers.

Cloud Computing for Retail Solutions

Customer’s expectations are ever expanding and so are business needs. Such challenges can be faced with an authentic cloud computing solution.
How?

* Brings innovation in the services to enhance customer shopping experience
* Required information can be retrieved by customers as well as by the employees
* Virtualization of data
* Helps in maintaining a standard in terms of security related issues

In this way, cloud computing helps in effectively addressing consumer’s expectations. At the same time it focuses on delivery of quality service to the customers.

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.

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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.

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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.