Electronic Cash Register Global Market Report 2024

The electronic cash register market size has grown rapidly in recent years. It will grow from $16.62 billion in 2023 to $18.66 billion in 2024 at a compound annual growth rate (CAGR) of 12.3%. The growth during the historic period can be credited to a rise in the number of checkout terminals, the adoption by small and medium-sized enterprises (SMEs), a greater emphasis on consumer convenience, the expansion and modernization of the retail sector, and increased consumer spending.

The electronic cash register market size is expected to see rapid growth in the next few years. It will grow to $29.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth during the historic period can be credited to a rise in the number of checkout terminals, the adoption by small and medium-sized enterprises (SMEs), a greater emphasis on consumer convenience, the expansion and modernization of the retail sector, and increased consumer spending.

The rising adoption of contactless payments is expected to drive the growth of the electronic cash register market in the future. Contactless payment methods enable consumers to complete transactions securely by tapping or waving their payment devices near POS terminals equipped with the necessary technology. These payments are becoming more popular due to their convenience, speed, and enhanced security features. Electronic cash registers facilitate contactless payments, safeguarding sensitive card information and offering secure, efficient, and hygienic payment options to consumers. For instance, the Banking & Payments Federation Ireland (BPFI) reported in March 2023 that contactless payments in Ireland amounted to $19.42 billion (€17.9 billion) in 2022, a 31% increase from 2021. This growing trend in contactless payments is, therefore, fueling the electronic cash register market.

Key companies in the electronic cash register market are increasingly focusing on developing advanced technologies such as Android and cloud solutions to improve functionality, streamline operations, and offer greater flexibility to businesses. Android cloud solutions in electronic cash registers involve integrating Android operating systems with cloud functionalities, enabling features such as real-time data access and remote management for better business efficiency. For example, in June 2022, Ingenico, a French credit card service company, partnered with TurningCloud, a Taiwanese enterprise solutions developer, to launch the AECR C9. This Android electronic cash register serves as an all-in-one smart register with a secure payment terminal, utilizing Android and cloud solutions. The AECR C9 features dual 15.6-inch touchscreens for cashiers and customers, enhancing the retail experience.

In July 2022, Worldline SA, a French payment and transactional services company, partnered with Casio to facilitate card payments and cashless shopping for merchants in Japan. Worldline manages transaction processing through its extensive global payment processing infrastructure, while Casio, a Japanese electronics company, provides electronic cash registers.

Major companies operating in the electronic cash register market are Samsung Electronics Co. Ltd., Dell Technologies Inc., Panasonic Corporation, International Business Machine Corporation, Fujitsu Limited, Toshiba Corporation, Nippon Electric Company Ltd., Sharp Electronics Corporation, NCR Corporation, Zebra Technologies Corporation, Worldline SA, Epson America Inc., Diebold Nixdorf AG, SZZT Electronics Co. Ltd., Casio Computer Co. Ltd., PAX Technology Limited, Posiflex Technology Inc., Verifone Systems Inc., Bixolon Co. Ltd., DataVan International Corporation, Elo Touch Solutions Inc., Omniprint Inc., Royal Consumer Information Products Inc.

Asia-Pacific was the largest region in the electronic cash register market in 2023. The regions covered in the electronic cash register market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the electronic cash register market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An electronic cash register (ECR) is a digital device used in retail and hospitality settings to calculate and record sales transactions, manage cash flow, and print customer receipts. It usually integrates with point-of-sale systems, tracks inventory, and can generate detailed financial reports to streamline business operations.

There are two main types of electronic cash registers stationary and portable. A stationary electronic cash register is a fixed-point-of-sale device with computing and transaction capabilities, commonly used in retail environments for processing sales, managing inventory, and generating receipts. Its applications extend to industries such as oil and gas, refining, power generation, and chemicals for end users in retail and hospitality.

The electronic cash register research report is one of a series of new reports that provides electronic cash register market statistics, including the electronic cash register industry's global market size, regional shares, competitors with an electronic cash register market share, detailed electronic cash register market segments, market trends and opportunities, and any further data you may need to thrive in the electronic cash register industry. This electronic cash register market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The electronic cash register market consists of sales of barcode scanners, cash drawers, credit cards, and tablet cash registers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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