An electronic cash register is a part of a POS system. It is an electronic device used for registering and calculating transactions at a POS.
MIR analysts forecast the global electronic cash register market to grow at a CAGR of 8.48% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global electronic cash register market for 2017-2021. To calculate the market size, the report considers the unit shipments of ECRs in various end-user segments. They also include the revenue generated depending on the ASP calculated by various vendors. It excludes the shipment of POS terminals.
The market is divided into the following segments based on geography:
MIR report, Global Electronic Cash Register Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Other prominent vendors
• Forbes Technosys
• Guangzhou Zonerich Business Machine
• Posiflex Technology
• Shinheung Precision
• Wincor Nixdorf
• Low cost of ECRs
• For a full, detailed list, view our report
• Growing number of online transactions
• For a full, detailed list, view our report
• Growing use of NFC-enabled mobile devices
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
MIR recognizes the following companies as the key players in the global electronic cash register market: Toshiba, Sharp, CASIO, Dell, and Olivetti.
Other Prominent Vendors in the market are: Citaq, Forbes Technosys, Fujitsu, Guangzhou Zonerich Business Machine, Hewlett-Packard, NCR, Posiflex Technology, Shinheung Precision, and Wincor Nixdorf.
Commenting on the report, an analyst from MIR team said: “The latest trend gaining momentum in the market is growing use of NFC-enabled mobile devices. The ECR market growth is affected by negative trends in the market such as the increasing use of smart devices, including smartwatches, smart wristbands, and smart phones, that have NFC capabilities.”
According to the report, one of the major drivers for this market is low cost of ECRs. ECRs offer several benefits to businesses such as tracking customers' transactions, maintaining databases of goods, and speeding checkout times. ECRs are easy to use and help in accurately tracking transactions. Some ECRs are available for a low cost and yet have improvised functions such as checking product prices, recording sales, calculating bills and change, and printing customer receipts.
Further, the report states that one of the major factors hindering the growth of this market is growing number of online transactions. E-commerce is spread across more than 100 economies worldwide. This is mainly because of the increased trade opportunities in various regions. Online shopping has gained high popularity, leading to the increased number of online transactions. Many users find online transactions convenient and safe as banks provide high security for online transactions. With banks providing high levels of security, the majority of the B2B transactions are done using Internet banking. Large enterprises in the manufacturing, production, service and maintenance, and government sectors use Internet banking instead of ECRs. Therefore, vendors in the market cannot target many enterprises that are in the B2B sector.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
â¢ Key market highlights
PART 05: Market landscape
â¢ Market overview
â¢ Five forces analysis
PART 06: Market segmentation by type
â¢ Global ECR market by type
â¢ Global ECR market by standard ECRs
â¢ Global ECR market by checkouts/POS systems
â¢ Global ECR market by self-service ECRs
PART 07: Market segmentation by end-user
â¢ Global ECR market by end-user
â¢ Global ECR market in retail segment
â¢ Global ECR market in hospitality segment
PART 08: Market segmentation by geography
â¢ Global ECR market by geography
â¢ ECR market in APAC
â¢ ECR market in EMEA
â¢ ECR market in Americas
PART 09: Decision framework
PART 10: Drivers and challenges
â¢ Market drivers
â¢ Impact of drivers on key customer segments
â¢ Market challenges
â¢ Impact of challenges on key customer segments
PART 11: Market trends
â¢ Growing use of NFC-enabled mobile devices
â¢ ECRs with SD card support
â¢ Use of GPRS and server cloud-enabled ECRs
PART 12: Vendor landscape
â¢ Competitive scenario
â¢ Other prominent vendors
PART 13: Appendix
â¢ List of abbreviations
List of Exhibits
Exhibit 01: Global ECR market: Overview
Exhibit 02: Global ECR market 2016-2021
Exhibit 03: Global ECR market 2016-2021 (millions of units)
Exhibit 04: Global ECR market 2016-2021 ($ billions)
Exhibit 05: Five forces analysis
Exhibit 06: Types of ECR
Exhibit 07: Global ECR market by type 2016-2021 (% revenue share)
Exhibit 08: Global ECR market by standard ECRs 2016-2021 ($ billions)
Exhibit 09: Global ECR market by checkouts/POS systems 2016-2021 ($ billions)
Exhibit 10: Global ECR market by self-service ECRs 2016-2021 ($ billions)
Exhibit 11: Global ECR market by end-user 2016 (% revenue share)
Exhibit 12: Global ECR market by end-user 2016-2021 (% revenue share)
Exhibit 13: Global ECR market in retail segment 2016-2021 ($ billions)
Exhibit 14: Global ECR market in retail segment 2016 (% revenue share)
Exhibit 15: Global ECR market in hospitality segment 2016-2021 ($ billions)
Exhibit 16: Global ECR market by geography 2016-2021 (% revenue share)
Exhibit 17: ECR market in APAC 2016-2021 ($ billions)
Exhibit 18: ECR market in EMEA 2016-2021 ($ billions)
Exhibit 19: ECR market in Americas 2016-2021 ($ billions)
Exhibit 20: Share of MSMEs by major countries or regions 2016 (% share)
Exhibit 21: Impact of drivers
Exhibit 22: Payment transaction methods used by consumers globally 2016 and 2021
Exhibit 23: Impact of challenges
Exhibit 24: Number of mobile devices with NFC 2016-2021 (millions of units)
Exhibit 25: Other prominent vendors
Companies mentioned are - Toshiba, Sharp, CASIO, Dell, Olivetti, Citaq, Forbes Technosys, Fujitsu, Guangzhou Zonerich Business Machine, Hewlett-Packard, NCR, Posiflex Technology, Shinheung Precision, and Wincor Nixdorf.
Research methodology - Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.