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Electronic Cash Register Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44827
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The electronic cash register market share is expected to increase by USD 4.48 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.68%.

This electronic cash register market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electronic cash register market segmentation by end-user (retail and hospitality), type (standard ECRs, checkout/POS system, and self-service POS), and geography (APAC, Europe, North America, South America, MEA). The electronic cash register market report also offers information on several market vendors, including Casio Computer Co. Ltd., Dell Technologies Inc., Forbes Technosys Ltd., Posiflex Technology Inc., Royal Consumer Information Products, Sharp Corp., SHIN HEUNG PRECISION Co. Ltd., Silicon Systech & Services Pvt. Ltd., TIM Spa, and Toshiba Corp. among others.

What will the Electronic Cash Register Market Size be During the Forecast Period?

Electronic Cash Register Market Size

Download the Free Report Sample to Unlock the Electronic Cash Register Market Size for the Forecast Period and Other Important Statistics

 

Electronic Cash Register Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The adoption of ecrs by smes is notably driving the electronic cash register market growth, although factors such as the growing e-commerce market may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electronic cash register industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electronic Cash Register Market Driver

The adoption of ECRs by SMEs is a major factor driving the global electronic cash register market share growth. The number of SMEs that are currently using ECRs is increasing at a rapid pace, which will help the ECR vendors to expand their customer base during the forecast period. Factors such as low cost and easy access have increased the penetration of ECRs in the end-user segments. Moreover, the growth of SMEs in the retail and hospitality sectors will increase the number of checkout terminals required to ease faster checkouts. The increase in the number of checkout terminals in the retail and hospitality environments will result in high demand for ECRs. Most of the MSMEs, especially in the unorganized sector, do not maintain accounts and or issue receipts to their customers. However, with ECRs terminals, their transactions and revenues would be recorded, which will make it nearly impossible for them to evade taxation. Therefore, the increase in the adoption of ECRs by SMEs is driving the market.   

Key Electronic Cash Register Market Trend

The shift toward cloud-based solutions is another factor supporting the global electronic cash register market share growth. During the forecast period, the demand for SaaS-based platforms in the cloud will increase among retailers. These solutions will enable retailers to store large volumes of data that can be accessed from anywhere across the world by authorized units. This is expected to enhance the connectivity and reduce the data transfer lags between merchants and acquirers during financial transactions at checkout terminals. Many vendors offer these cloud-based solutions to retailers, acquirers, and merchants in the restaurant and hospitality markets, which can host omnichannel payment solutions. Thus, with the increasing penetration of the Internet and the advanced network infrastructure in the retail segment, retailers have started increasing their reach and substantially along with the customer's shopping experience with the help of e-commerce and m-commerce. Essentially, the increase in the adoption of cloud-based services will positively impact the sales of cloud-based electronic cash registers during the forecast period. 

Key Electronic Cash Register Market Challenge

The growing e-commerce market will be a major challenge for the global electronic cash register market share growth during the forecast period. The growth in global e-commerce sales will be among the key challenges for the adoption of ECRs to support remote payments and bills. APAC is expected to be among the largest e-commerce markets, where sales are likely to increase during the forecast period. E-commerce platforms are easy to use and allow fast and safe transactions through Internet banking. Several large enterprises in the manufacturing, production, service, maintenance and government sectors rely on Internet banking. Therefore, vendors in the global cash register market cannot target the retail e-commerce sector. The global e-commerce market is witnessing high growth in developing countries, which will affect the adoption of cash registers. Consequently, customers do not find it necessary to use cash registers and rely on e-commerce and online shopping instead. This factor will continue to have a negative impact on the electronic cash register market, especially in developing countries.         

This electronic cash register market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global electronic cash register market as part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electronic cash register market during the forecast period.

Who are the Major Electronic Cash Register Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Casio Computer Co. Ltd.
  • Dell Technologies Inc.
  • Forbes Technosys Ltd.
  • Posiflex Technology Inc. 
  • Royal Consumer Information Products
  • Sharp Corp.
  • SHIN HEUNG PRECISION Co. Ltd.
  • Silicon Systech & Services Pvt. Ltd.
  • TIM Spa
  • Toshiba Corp.

 

This statistical study of the electronic cash register market encompasses successful business strategies deployed by the key vendors. The electronic cash register market is fragmented and the vendors are deploying growth strategies such as focusing on offering cloud-based solutions to retailers and merchants to compete in the market.

Product Insights and News

  • Casio Computer Co. Ltd.- The company offers different types of electronic cash registers such as personal Cash Registers, mid-line cash registers, next-generation cash registers, and others.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electronic cash register market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electronic Cash Register Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electronic cash register market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global electronic equipment and instruments market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Electronic Cash Register Market?

Electronic Cash Register Market Market segmentation by region

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59% of the market's growth will originate from APAC during the forecast period. China, India, and Japan are the key markets for the electronic cash registers market in APAC. Market growth in this region will be faster than the growth of the market in all other regions.

The rapid growth of the retail sector will facilitate the electronic cash register market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of the COVID-19 pandemic in 2020 resulted in temporary lockdowns and social distancing measures in the region. This led to most of the people being confined to their homes and opting for online shopping. The online mode of shopping uses digital transaction systems and digital bills as a substitute for electronic cash registers. Emerging payment methods, such as mobile wallets and mobile card readers, are now used frequently by customers, which, in turn, declined the demand for electronic cash registers (ECRs) in the region. However, with the availability of COVID-19 vaccines, the pandemic is expected to subside by the end of 2021, which would be favorable for the regional economy.

What are the Revenue-generating End-User Segments in the Electronic Cash Register Market?

Electronic Cash Register Market Segmentation

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The electronic cash register market share growth by the retail segment will be significant during the forecast period. The rising preference for fast and easy checkouts among consumers is compelling supermarkets to integrate ECRs, which will drive the electronic cash register market growth.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electronic cash register market size and actionable market insights on post COVID-19 impact on each segment.

 

Electronic Cash Register Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.68%

Market growth 2021-2025

$ 4.48 billion

Market structure

Fragmented

YoY growth (%)

3.35

Regional analysis

APAC, Europe, North America, South America, MEA

Performing market contribution

APAC at 59%

Key consumer countries

China, US, India, Japan, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Casio Computer Co. Ltd., Dell Technologies Inc., Forbes Technosys Ltd., Posiflex Technology Inc. , Royal Consumer Information Products, Sharp Corp., SHIN HEUNG PRECISION Co. Ltd., Silicon Systech & Services Pvt. Ltd., TIM Spa, and Toshiba Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Electronic Cash Register Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electronic cash register market growth during the next five years
  • Precise estimation of the electronic cash register market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electronic cash register industry across APAC, Europe, North America, South America, MEA.
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electronic cash register market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: Electronic equipment and instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 15: End-user - Market share 2020-2025 (%)
    • 5.2 Comparison by End-user
      • Exhibit 16: Comparison by End-user
    • 5.3 Retail - Market size and forecast 2020-2025
      • Exhibit 17: Retail - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Retail - Year-over-year growth 2020-2025 (%)
    • 5.4 Hospitality - Market size and forecast 2020-2025
      • Exhibit 19: Hospitality - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Hospitality - Year-over-year growth 2020-2025 (%)
    • 5.5 Market opportunity by End-user
      • Exhibit 21: Market opportunity by End-user

    6 Market Segmentation by Type

    • 6.1 Market segments
      • Exhibit 22: Type - Market share 2020-2025 (%)
    • 6.2 Comparison by Type
      • Exhibit 23: Comparison by Type
    • 6.3 Standard ECRs - Market size and forecast 2020-2025
      • Exhibit 24: Standard ECRs - Market size and forecast 2020-2025 ($ million)
      • Exhibit 25: Standard ECRs - Year-over-year growth 2020-2025 (%)
    • 6.4 Checkout/POS system - Market size and forecast 2020-2025
      • Exhibit 26: Checkout/POS system - Market size and forecast 2020-2025 ($ million)
      • Exhibit 27: Checkout/POS system - Year-over-year growth 2020-2025 (%)
    • 6.5 Self-service POS - Market size and forecast 2020-2025
      • Exhibit 28: Self-service POS - Market size and forecast 2020-2025 ($ million)
      • Exhibit 29: Self-service POS - Year-over-year growth 2020-2025 (%)
    • 6.6 Market opportunity by Type
      • Exhibit 30: Market opportunity by Type

    7 Customer landscape

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 32: Market share by geography 2020-2025 (%)
    • 8.2 Geographic comparison
      • Exhibit 33: Geographic comparison
    • 8.3 APAC - Market size and forecast 2020-2025
      • Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
    • 8.4 Europe - Market size and forecast 2020-2025
      • Exhibit 36: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 37: Europe - Year-over-year growth 2020-2025 (%)
    • 8.5 North America - Market size and forecast 2020-2025
      • Exhibit 38: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 39: North America - Year-over-year growth 2020-2025 (%)
    • 8.6 South America - Market size and forecast 2020-2025
      • Exhibit 40: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 41: South America - Year-over-year growth 2020-2025 (%)
    • 8.7 MEA - Market size and forecast 2020-2025
      • Exhibit 42: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 43: MEA - Year-over-year growth 2020-2025 (%)
    • 8.8 Key leading countries
      • Exhibit 44: Key leading countries
    • 8.9 Market opportunity by geography
      • Exhibit 45: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • Exhibit 46: Impact of drivers and challenges
      • 9.3 Market trends

        10 Vendor Landscape

        • 10.1 Overview
          • Exhibit 47: Vendor landscape
        • 10.2 Landscape disruption
          • Exhibit 48: Landscape disruption
          • Exhibit 49: Industry risks
        • 10.3 Competitive Scenario

          11 Vendor Analysis

          • 11.1 Vendors covered
            • Exhibit 50: Vendors covered
          • 11.2 Market positioning of vendors
            • Exhibit 51: Market positioning of vendors
          • 11.3 Casio Computer Co. Ltd.
            • Exhibit 52: Casio Computer Co. Ltd. - Overview
            • Exhibit 53: Casio Computer Co. Ltd. - Business segments
            • Exhibit 54: Casio Computer Co. Ltd. - Key News
            • Exhibit 55: Casio Computer Co. Ltd. - Key offerings
            • Exhibit 56: Casio Computer Co. Ltd. - Segment focus
          • 11.4 Dell Technologies Inc.
            • Exhibit 57: Dell Technologies Inc. - Overview
            • Exhibit 58: Dell Technologies Inc. - Business segments
            • Exhibit 59: Dell Technologies Inc. - Key News
            • Exhibit 60: Dell Technologies Inc. - Key offerings
            • Exhibit 61: Dell Technologies Inc. - Segment focus
          • 11.5 Forbes Technosys Ltd.
            • Exhibit 62: Forbes Technosys Ltd. - Overview
            • Exhibit 63: Forbes Technosys Ltd. - Business segments
            • Exhibit 64: Forbes Technosys Ltd. - Key offerings
            • Exhibit 65: Forbes Technosys Ltd. - Segment focus
          • 11.6 Posiflex Technology Inc.
            • Exhibit 66: Posiflex Technology Inc.  - Overview
            • Exhibit 67: Posiflex Technology Inc.  - Product and service
            • Exhibit 68: Posiflex Technology Inc.  - Key offerings
          • 11.7 Royal Consumer Information Products
            • Exhibit 69: Royal Consumer Information Products - Overview
            • Exhibit 70: Royal Consumer Information Products - Product and service
            • Exhibit 71: Royal Consumer Information Products - Key offerings
          • 11.8 Sharp Corp.
            • Exhibit 72: Sharp Corp. - Overview
            • Exhibit 73: Sharp Corp. - Business segments
            • Exhibit 74: Sharp Corp. - Key News
            • Exhibit 75: Sharp Corp. - Key offerings
            • Exhibit 76: Sharp Corp. - Segment focus
          • 11.9 SHIN HEUNG PRECISION Co. Ltd.
            • Exhibit 77: SHIN HEUNG PRECISION Co. Ltd. - Overview
            • Exhibit 78: SHIN HEUNG PRECISION Co. Ltd. - Product and service
            • Exhibit 79: SHIN HEUNG PRECISION Co. Ltd. - Key offerings
          • 11.10 Silicon Systech & Services Pvt. Ltd.
            • Exhibit 80: Silicon Systech & Services Pvt. Ltd. - Overview
            • Exhibit 81: Silicon Systech & Services Pvt. Ltd. - Product and service
            • Exhibit 82: Silicon Systech & Services Pvt. Ltd. - Key offerings
          • 11.11 TIM Spa
            • Exhibit 83: TIM Spa - Overview
            • Exhibit 84: TIM Spa - Business segments
            • Exhibit 85: TIM Spa - Key offerings
            • Exhibit 86: TIM Spa - Segment focus
          • 11.12 Toshiba Corp.
            • Exhibit 87: Toshiba Corp. - Overview
            • Exhibit 88: Toshiba Corp. - Business segments
            • Exhibit 89: Toshiba Corp. - Key News
            • Exhibit 90: Toshiba Corp. - Key offerings
            • Exhibit 91: Toshiba Corp. - Segment focus

          12 Appendix

          • 12.1 Scope of the report
            • 12.2 Currency conversion rates for US$
              • Exhibit 92: Currency conversion rates for US$
            • 12.3 Research methodology
              • Exhibit 93: Research Methodology
              • Exhibit 94: Validation techniques employed for market sizing
              • Exhibit 95: Information sources
            • 12.4 List of abbreviations
              • Exhibit 96: List of abbreviations

            Research Framework

            Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

            TechnavioINFORMATION SOURCES

            Primary sources

            • Manufacturers and suppliers
            • Channel partners
            • Industry experts
            • Strategic decision makers

            Secondary sources

            • Industry journals and periodicals
            • Government data
            • Financial reports of key industry players
            • Historical data
            • Press releases
            Technavio

            TechnavioDATA ANALYSIS

            Data Synthesis

            • Collation of data
            • Estimation of key figures
            • Analysis of derived insights

            Data Validation

            • Triangulation with data models
            • Reference against proprietary databases
            • Corroboration with industry experts
            Technavio

            TechnavioREPORT WRITING

            Qualitative

            • Market drivers
            • Market challenges
            • Market trends
            • Five forces analysis

            Quantitative

            • Market size and forecast
            • Market segmentation
            • Geographical insights
            • Competitive landscape
            Interested in this report?
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            Electronic Cash Register Market market growth will increase by $4.48 bn during 2021-2025.
            The electronic cash register market market is expected to grow at a CAGR of 5.68% during 2021-2025.
            Technavio has segmented the electronic cash register market market by end user (retail and hospitality) ,type (standard ECRs, checkout/POS system, and self-service POS) , and geography (APAC, Europe, North America, South America, and MEA).
            Casio Computer Co. Ltd., Dell Technologies Inc., Forbes Technosys Ltd., Posiflex Technology Inc. , Royal Consumer Information Products, Sharp Corp., SHIN HEUNG PRECISION Co. Ltd., Silicon Systech & Services Pvt. Ltd., TIM Spa, Toshiba Corp. are a few of the key vendors in the electronic cash register market market.
            APAC will register the highest growth rate of 59% among the other regions. Therefore, the electronic cash register market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
            The key factors driving the electronic cash register market market growth are:
            • Adoption of ECRs by SMEs
            • Shift toward cloud-based solutions
            The electronic cash register market market vendors should focus on grabbing business opportunities from the retail segment as it accounted for the largest market share in the base year.
            • What are the key global market and the regional market share?
            • What are the revenue-generating key market segments?
            • What are the key factors driving and challenging this market’s growth?
            • Who are the key market vendors and their growth strategies?
            • What are the latest trends influencing the growth of this market?
            • What are the variables influencing the market growth in the primary regions?
            • What are the factors influencing the growth of the parent market?
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            • Detailed vendors report with competitive landscape
            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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