2012-12-11 15:36:16 - Global Point of Sale (POS) Software & Hardware Market 2009-2013 - Bundled Report - a new market research report on companiesandmarkets.com
Owing to technological advancements, the POS Hardware market is witnessing a rapid expansion; with POS systems aggressively being adapted by the government and various industries such as Retail, Hospitality, Finance, Transport, etc. Also, new technologies (such as display, storage, hard disks, operation platform, etc) are being continuously incorporated into the various component of POS system. In addition, the market is also witnessing an increased preference for portable and wireless POS systems. Further, the ability of POS software to help companies make more informed business decisions, increase inventory shrinkage, and decrease theft, wastage and employee misuse are the advantages because of which companies and organizations are adopting POS.
The demand for POS software is on the rise. The Retail and Hospitality industries
are increasingly implementing POS systems to enhance their operational efficiency and customer service level in stores. Other business benefits such as productivity gains, control over operations, increasing the productivity of serving staff, fine-tuning of business model and return on investment are further driving the demand for POS systems. Further, replenishment markets, wherein companies are looking to replace legacy systems, offer potential opportunities for the next generation advanced POS systems Availability of wireless POS systems, average life completion of many installed terminals, along with new software requirement for efficient utilization of old POS systems are also offering potential sales opportunity for POS software.
This bundled report by Technavio Insights highlights the scope of the Global Point of Sale (POS) Hardware and Software market, along with trends, drivers, growth inhibitors, and a few major vendors in the market.
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