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Point of Sale (POS) Receipt Printer Market Size

Report ID: GMI8664
Published Date: Mar 2024
Report Format: PDF

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Point of Sale Receipt Printer Market Size

Point of Sale Receipt Printer Market size was valued at around USD 4.4 Billion in 2023 and is estimated to register a CAGR of 5.3% between 2024 & 2032. The expansion of the retail industry, including supermarkets, hypermarkets, convenience stores, and specialty stores, drives the demand for POS systems and associated hardware like receipt printers.

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Retailers can leverage AR/VR technology to create immersive shopping experiences and chatbots for conversational commerce, enriching the brand-consumer relationship through one-to-one interactions. Conversing with consumers at scale makes chatbots a strategic medium for customer engagement.

Point of Sale Receipt Printer Market Report Attributes
Report Attribute	Details
Base Year:	2023
Point of Sale Receipt Printer Market Size in 2023:	USD 4.4 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.3%
2032 Value Projection:	USD 6.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	360
Tables, Charts & Figures:	425
Segments covered:	product type, technology, price range, application, connectivity, distribution channel, region
Growth Drivers:	Emergence of E-commerce and Omnichannel Retailing Technological Advancements Growth in Hospitality Industry
Pitfalls & Challenges:	High Initial Investment

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The cost of implementing a comprehensive POS system, including receipt printers, can be significant, especially for small and medium-sized businesses (SMBs). This initial investment may deter some businesses from adopting or upgrading their POS infrastructure.

Further, the rise in cyber threats and data breaches, security is a significant concern for businesses utilizing POS systems. Receipt printers, like other POS peripherals, can be vulnerable to security breaches if not properly protected. Concerns about data security and privacy may impact the adoption of POS receipt printers.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The point-of-sale receipt printer industry was valued at around USD 4.4 Billion in 2023 and is estimated to register a CAGR of 5.3% between 2024 & 2032, driven by the expansion of the retail industry, including supermarkets, hypermarkets, convenience stores, and specialty stores.

Mobile POS receipt printers segment accounted for a revenue of around USD 2.6 Billion in 2023 and is expected to reach USD 4.2 billion by 2032, as they enable omnichannel retailing strategies, allowing businesses to seamlessly integrate online and offline sales channels.

Asia Pacific point-of-sale receipt printer industry held a revenue share of around 29% in 2023 and is expected to reach around USD 2 Billion by 2032, driven by urbanization across the region, rising disposable incomes, and changing consumer preferences.

BIXOLON Co., Ltd., Brother Industries, Ltd., Canon Inc., Citizen Systems Japan Co., Ltd, Elo Touch Solutions, Inc., Fujitsu Limited, HP Inc. (Hewlett-Packard Company), International Business Machines Corporation, NCR Corporation, Posiflex Technology, Inc., Seiko Epson Corporation are some of the major industry contenders.