Electronic Cash Register Market
                     Market Highlights 
An electronic cash register (ECR) is a framework designed to facilitate products to be sold at a retail 
store. Electronic cash registers assist large retail outlets collect inventory data, minimize register 
errors, track sales, and much more. An electronic cash register generally processes goods by 
scanning the information provided on a product label (usually by the means of a scanner). 
Scrutinizing the price catalogue for the price matching the label information. Adding that price to 
the cumulative total of all goods being procured by the customer. Electronic cash register systems 
have transformed over the years in an endeavor to make recording the purchase payments as 
efficient an experience as possible. They extend the ability to effectively preserve a database of 
customers, fast billing, and inventory management. Market Research Future has conducted an all-
inclusive study on the global electronic cash register system market.  
The report published through the research indicated that the electronic cash register market has 
been expanding under the influence of several factors. The report has revealed that the global 
electronic cash register system market is estimated to develop at 11% CAGR throughout the 
forecast period ranging from 2017-2023. The demand for effective billing systems has proved to be 
a fundamental facilitator of growth for the global electronic cash register system market. This is 
further accompanied by the continuing technological shifts in the market. Near-field 
communication (NFC) technology is rapidly getting adopted as it enables the users to integrate 
contactless payment systems with ease. Mobile type Point-of-Sale (POS) frameworks are projected 
to propel rapid market growth over the assessment period owing to the worldwide penetration of 
smartphones. Affordability of electronic cash register systems is projected to accelerate the 
application of such systems in small & medium sized enterprises. Growing concerns related to data 
security are estimated to push market players to innovate security solutions to address the 
concern. Additionally, the ever-increasing progressions in technology has made the expectations of 
easy payment systems a standard. Businesses are swiftly trying to meet these expectations by 
embracing the contemporary electronic cash register systems thus propelling development for this 
market. 
Segmentation: 
The electronic cash register market has been segmented to offer an improved understanding of the 
different elements that form the market. The worldwide electronic cash register market has been 
classified based on product, type, region, and end user. Based on type, the market has been 
segmented into application and product. Based on product, the market has been segregated into 
checkouts, POS systems, standard ECRs, mobile POS systems, and personal ECRs. Based on end 
users, the market has been bifurcated into hospitality and retail. Based on region, the market has 
been segmented into Europe, Asia Pacific, North America, and the Rest of the World. 
Regional Analysis 
North America, at present, holds the primary share in the worldwide market. This dominance is 
owing to a booming retail sector and swift adoption of modern technology in the region. Small & 
medium businesses and quick service restaurants in North America are adopting electronic cash 
register systems at a spurring rate, thus encouraging market growth. The Asia Pacific market is 
estimated to expand at an impressive rate owing to the growing support for a cashless country. The 
unrealized probability for this market within the APAC region has inspired the market leaders to 
move focus to the area. Developing economies of this region are experiencing growing disposable 
incomes which have contributed to a flourishing retail industry further fueling growth of the 
electronic cash register market. 
Key Players 
Notable players ruling the global electronic cash register system market include Hewlett-Packard, 
Posiflex Technology Pvt. Ltd., Toshiba Corporation, Forbes Technosys, Casio Computer Co. Ltd., 
Foxconn Technologies, Olivetti S.p.A, Dell Inc., Fujitsu Ltd, and Citaq Co. Ltd.