Top 5 Vendors in the Electronic Cash Register Market from 2017 to 2021: Technavio
May 22 2017 - 6:43PM
Business Wire
Technavio has announced the top five leading vendors in
their recent global electronic cash register (ECR) market
report. This research report also lists nine other prominent
vendors that are expected to impact the market during the forecast
period.
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Technavio has published a new report on
the global electronic cash register market from 2017-2021.
(Graphic: Business Wire)
ECRs offer several benefits to businesses such as tracking
customers' transactions, maintaining databases of goods and
speeding checkout times. ECRs are easy to use and help in
accurately tracking transactions. Some ECRs are available for a low
cost and yet have improvised functions such as checking product
prices, recording sales, calculating bills and change, and printing
customer receipts. The register includes a software that keeps
track of transactions, which is relatively lower in cost compared
with POS systems with ECRs offered by companies.
Competitive vendor landscape
The ECR market is dominated by many players such as
Toshiba, Sharp, CASIO, and Dell. The competition in the market is
intense as the key players have a strong foothold in the market.
Vendors are trying to upgrade their technologies to remain
competitive in the market. The company presented its broad
portfolio of services and solutions to enhance the shopping
experience of customers.
“A major concern for ECR vendors is the popularity of card
reader vendors such as Square and PayAnywhere that provide
terminals at a lower cost and charge merchants less. The
competition from substitutes is becoming more intense as some of
the leading retail and hospitality centers are adopting card
payment services,” says Navin Rajendra, an industry expert in
computing devices research from Technavio.
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Top five ECR market vendors
Toshiba
Toshiba is one of the top 100 world's largest companies. Toshiba
owns a range of Toshiba TEC ECRs. All the products offer quality,
reliability, and low cost of ownership. The devices are used across
a wide variety of retail and food service environments. They are
designed for small-scale general retail and hospitality
environments.
Sharp
Sharp mainly manufactures and sells telecommunication equipment,
electric and electronic application equipment, and electronic
components. The company offers a wide range of products that
include electronic components. Sharp offers various ECR models that
help in reducing operator errors.
CASIO
CASIO is a multinational consumer and commercial electronics
manufacturing company. It offers products such as cash registers
and handheld terminals. The company offers ECRs that include SE-G1,
SE-S700, PCR-T273, PCR-T500, SE-S10, and SE-S400. Its ECRs have LCD
displays, different back-light colors, printers, and compact flash
cards for data backup and recovery.
Dell
Dell develops, sells, repairs, and supports computers with
related products and services. In 2003, Dell entered the ECR market
targeting the retail segment. The company entered the ECR market
with its new products as low-cost alternatives to expensive POS
systems. Its products connected retail desktops, servers, storage,
and networked products.
Olivetti
Olivetti manufactures various products that include printers,
calculators, POS touchscreens, cash registers, and retail printers.
It also provides services to its customers. In the retail segment,
the company offers POS touchscreens, cash registers, and retail
printers.
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About Technavio
Technavio is a leading global technology research and
advisory company. The company develops over 2000 pieces of research
every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of
bottom-up and top-down approaches, besides using in-house market
modeling tools and proprietary databases. They corroborate this
data with the data obtained from various market participants and
stakeholders across the value chain, including vendors, service
providers, distributors, re-sellers, and end-users.
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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