The global point-of-sale (POS) market was valued at $2,666.0 million in 2019 and is projected to reach $4,877.0 million by 2027.
The Growing Need for Mobility in Retail Applications and Growth Drivers in the Global Point of Sale Printer (POS) Market Over the Forecast Period
Consumers in the retail and hospitality industries are increasingly turning to mobile technology to improve customer experience and make Point of Sale (POS) systems effective for billing and other related purposes to improve. The use of mobile receipt printers in retail and restaurant applications can lead to significant cost savings, as conventional POS systems are more expensive and do not allow mobility, and the mobility function streamlines the checkout process for longer. In addition, faster checkout processes help increase the number of transactions for retail and hospitality applications. Hence, these factors are expected to drive market growth over the forecast period.