The European retail POS (Point of Sale) market is a significant and growing market. Retail POS systems are used by retailers to manage their sales, inventory, and customer information. The market includes hardware such as barcode scanners, cash registers, and payment terminals, as well as software such as POS software and inventory management software.
According to a market research report by MarketsandMarkets, the European retail POS market was valued at $5.45 billion in 2020 and is projected to reach $9.14 billion by 2026, with a CAGR (Compound Annual Growth Rate) of 8.4% during the forecast period.
The growth of the European retail POS market is driven by factors such as the increasing adoption of cloud-based POS systems, the growth of e-commerce, and the demand for advanced payment solutions. Additionally, the need for retailers to manage their inventory and sales data efficiently is also driving the growth of the market.
The market is highly competitive, with players such as NCR Corporation, Toshiba Corporation, and Verifone Systems, Inc. dominating the market. However, there are also many smaller players offering innovative solutions that cater to specific niches within the market.
Overall, the European retail POS market is expected to continue growing in the coming years, driven by technological advancements and the increasing demand for efficient and effective retail management solutions.