POS printers are accessible with market-specific conditions and have numerous variants. The consumption of POS printers is divided into receipt printers, handheld receipt printers, multifunction printers, and kiosk receipt printers created on printer forms. Mobile receipt printer’s proposal versatility through printing. For rapid printing on the go, these printers have merged progressive networking services like Wi-Fi, Bluetooth, and USB connectivity. As well, these printers offer communication through the app platforms of Android and IOS. As the name proposes, multifunction printers are mandatory to yield multiple receipts at demand-driven locations, like airport validation printing and bank cheque dispensation. In locations like department stores, financial organizations, and airports, these printers are used widely. These printers aid to deliver better, automated, and real distribution.
According to the report analysis,’ Global POS Printer Market: Market Segments: By Product Type (Thermal Printer, Impact/Dot Matrix and Inkjet); By Application (Hospitality, Retail and Other); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030’ Introduction of new POS restaurant management system is anticipated to proposal profitable development chances for players in the market. Major players in the market are absorbed on beginning new products to enlarge their product portfolio. Major players working in the global point of sale (PoS) receipt printer market include BIXOLON Co. Ltd, Citizen Watch Co. Ltd., CognitiveTPG, Fujitsu Ltd, Posiflex Technology Inc., Seiko Epson Corp., STAR MICRONICS Co. Ltd., HP Inc., NCR Corp. And Toshiba Corp. Increasing adoption of cloud-based PoS systems is anticipated to hamper the development of the global point of sale (PoS) receipt printer market throughout the forecast amount.
Global POS Printer Market is divided based on a geographical basis into five major regions. These embrace North America, APAC, Latin America, Europe, and MENA. Global POS Printer Market in the Asia Pacific and Europe held the main market share and is anticipated to eyewitness the debauched development in the APAC County throughout the forecast period. The APAC region, surveyed by North America, Europe, South America, and MEA correspondingly, controlled the POS printer market share. Throughout the forecast period, owing to factors like the fast development of the trade segment and the snowballing number of SMBs in developing economies stirring from cash transactions to cashless transactions through POS terminals, the APAC area is anticipated to report the uppermost incremental development. Although North America and Western Europe are predictable to detention top market positions in relation to thermal printer sales, research demonstrates that APAC, MEA, and Latin America's developing economies have considerable potential for development to funding the market in the upcoming future.
Additionally, the growing distribution of POS terminals, swelling demand for POS printers, and snowballing focus on enhancing product value aids are propelling the market. Also, the growing deployment of POS terminals is anticipated to propel market expansion. The necessity for a better service delivery model and customer service has been strengthened by the development of the retail & hospitality industry, which has helped in enhancing demand for such friendly solutions. Rising financial investment in the retail sector and growing urbanization have played a vital role in encouraging the implementation of POS printers in the retail sector. Therefore, it is expected that the market of Global POS Printer Market will boost up throughout the upcoming period.
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Ankur Gupta, Head Marketing & Communications