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 InsightsA 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…
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The Effect Of Point Of Sale In The Retail Industry

Point of Sale technology, also known as POS, really has changed the way the world operates. Of course it originally was designed back in the seventies to provide retailers with better inventory tracking and control, but this technology has literally touched and changed the life of every consumer in the world.After more than thirty years of use and expansion, it's tempting to wonder what type of overall effect has occurred in the retail industry as a result of POS technology. One of the first considerations, in approaching this question, is to also understand what type of effect POS has had on the populations who have become accustomed to its use. After all, the retail industry cannot survive without a strong consumer base. Understanding how POS improves a customer's experience is…
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