Retail plays an important role in the economies of many countries. Retail businesses, however, typically require point-of-sale (POS) systems as well as software to operate.
It's estimated that roughly two-thirds of the United States' gross domestic product (GDP) is derived from retail sales. The industry encourages consumers to spend money, while also creating thousands of new jobs in the process. But retail stores require several tools to operate, including point-of-sale (POS) systems and software. The following reports explore the retail POS and retail software markets, revealing both current and future prospective scenarios.
The Global Retail Point-of-Sale (POS) Terminals Market Size, Status and Forecast 2022 report by ResearchnReports is a comprehensive study of the global POS terminals for retail market. According to the report, recent advancements in cloud-based POS solutions will help shape the retail POS market in the following years. Rather than using local POS systems, retailers can now leverage the power of the cloud. Cloud-based systems such as this still require some local hardware, though most of the processes and operations are performed on a remote server. Cloud-based POS offers several key benefits to retailers, including enhanced security, efficiency and cost-savings to name a few.
Some of the newer and more advanced POS solutions also include other features like product pricing, inventory management and digital signage. Another trend that's expected to help shape the global POS for retail market is the use of Near Field Communications (NFC) technology. Most smartphones today already support NFC connectivity. Using their smartphones, consumers can connect to a store's POS system to purchase products and services on the fly, eliminating the need to stand in long checkout lanes.
Some of the key retail POS vendors profiled in this report include Realtime POS, Heartland Payment Systems, Keystroke, Shopify, POS Solutions, Vend, Today Software Ltd, Square, Inc., Data Systems Inc, Alexandria Computers, POSitive, Primaseller, Comcast, POSsible, Rance Computer, Erply, Hyper Drive Information Technologies, Idealpos, and GaP Solutions.
The Global and Chinese Retail Software Industry, 2017 Market Research report by ReportsnReports is an in-depth study of the retail software industry. Featuring 150 pages with 98 tables and figures, it covers the market from all angles. It focuses on some of the market's key vendors in leading regions, revealing their respective company profiles, product pictures, specifications, capacity, production, price, cost, revenue and contract information. Furthermore, the report reveals upstream raw materials and downstream consumption.
Additionally, the report reveals some of the leading development trends and marketing channels in the retail software industry. In essence, this is a complete and comprehensive study of the retail software market, covering the entire world and China's regional segment.
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