Today, in the post-pandemic world, as social distancing and travel norms become more relaxed and the global economy revives, retail businesses are picking up pace. This is reflected in the booming worldwide retail POS market, which is expected to grow at a 15.9 percent CAGR from $25.24 billion in 2022 to $70.75 billion by 2029.
The chief drivers for this market growth are the rising adoption of cashless, electronic payment methods by consumers and the increasing implementation of cloud-based POS terminals for enhanced inventory and stock management by retail businesses. The flexibility in transactions and sales data visibility accorded by advanced POS systems is drawing small businesses to deploy them in droves, further driving the market growth.
This edition of Retail Tech Insights brings to light the key developments in the retail POS solutions space and how retailers are implementing the latest tech solutions to streamline their sales and business operations. It features thought leadership articles from Patrick Osborne, Manager, Customer and Marketing Analytics at QVC, and Sean MacCarthy, Executive Director, Global Analytics and Store Segmentation at Claire’s Inc. They speak about the ways retail businesses can capture customer attention in the digital era and the vital role played by innovations in retail tech, whose widespread adoption can revolutionize customer engagement.
The edition also features Orchid LLC, the POS solution provider that brings a robust, cloud-based, full-scale POS system exclusively built for licensed firearms businesses. It also offers e-commerce, merchant processing, and professional ATF compliance services to assist single, multi-store retail, and Federal Firearms Licensees in increasing their profit margins.
In this edition featuring top retail POS solution providers, we hope you find the appropriate company to enhance and optimize your retail operations.
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