MarketResearchNest.com adds “Global POS Cash Drawer Market 2017-2021” new report to its research
database. The report spread across 81 pages with table and figures in it.
Research
analysts forecast the global POS cash drawer market to grow at a CAGR of
6.57% during the period 2017-2021.
About POS Cash Drawer
A point of sale (POS) cash drawer is a removable drawer
with several compartments for sorting denominations and coins. It is located
underneath registers and stores cash from transactions at brick-and-motor
stores. A POS cash drawer interface is linked to a POS system, which sends an
electrical signal to release the latch. Traditionally, this signal is sent by
receipt printer, or manually, among other types. The report segments the market
based on interface type and end user. The interface types are categorized into
printer-driven, Ethernet-driven, serial and USB-driven and manually-driven cash
drawers.
Covered in this report
The report covers the present scenario and the growth
prospects of the global POS cash drawer market for 2017-2021. The report
presents a detailed picture of the market by way of study, synthesis, and
summation of data from multiple sources.
Browse full table of contents and
data tables at https://www.marketresearchnest.com/global-pos-cash-drawer-market-2017-2021.html
The market is divided into the following segments based
on geography:
Americas
APAC
EMEA
Technavio's report, Global POS Cash Drawer 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.
Technavio recognizes the following companies as the key
players in the global POS cash drawer market: APG Cash Drawers, MMF POS, M-S
Cash Drawer, and NCR.
Other Prominent Vendors in the market are: CASIO,
CyberNet, Diebold Nixdorf, HP Development Company, National Business Systems,
Posiflex Technology, SZZT Electronics, and UIC.
Commenting on the report, an analyst from Research team
said: “One trend in the market is growing popularity of small POS cash drawers.
Decreasing retail footprints and cash transactions have compelled merchants and
retailers to demand smaller cash drawers that can reduce the storage space at
POS terminals. Vendors are addressing this demand by designing small cash
drawers that offer the same functionalities of a full-sized cash drawer.
Order a Purchase Report Copy at
https://www.marketresearchnest.com/purchase.php?reportid=280833
According to the report, one driver in the market is
safety and effective cash management. Retailers are making significant
investments in internal control measures to safeguard their cash and equivalent
assets. Since cash is the most important liquid asset of business, ensuring its
safety with reliable and stringent controls is crucial. Following proper cash
management practices is also relevant to maintain accurate financial reporting.
Cash drawers are designed to ensure both safety and effective cash management.
They collect, record, and track all cash and non-cash receipts and
disbursements.
Further, the report states that one challenge in the
market is increasing popularity of non-cash payments in retail stores. The
complexities associated with handling and managing cash have given rise to
several alternative ways in which payments can be made. Europay MasterCard and
VISA (EMV) for instance, is a smart card-based payment system that facilitates
payments at both EDC and POS terminals. These cards are designed with inbuilt
chips that give users a unique identity. In addition to this, they ensure safe
and secure transactions as they mandatorily require personal identification
number (PIN) for every transaction made by a user.
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.
Enquiry before
Buying at https://www.marketresearchnest.com/enquirybuy.php?reportid=280833
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