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Point-of-sales market to Touch Revenue of $71.89 Billion By 2028 | India to Deploy over 33,000 POS Terminals By 2028

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Westford, USA, Sept. 06, 2022 (GLOBE NEWSWIRE) — There has been a significant increase in demand for point-of-sale market in recent years, as businesses attempt to conform to increasingly stringent regulations and consumer demands. While traditional cash registers are still the most common type of point-of-sale system, there is a growing market for mobile and digital point-of-sale systems.

Benefits of using a POS system include increased efficiency and accuracy, which can lead to improved customer service and lower costs associated with running a business. Additionally, POS systems can help improve brand awareness and loyalty by allowing customers to purchase items easily and quickly. In fact, SkyQuest study on point-of-sales market have shown that point of sale systems can improve customer satisfaction rates by up to 60%! Why is this such a big deal? Simply put, customers who are satisfied are more likely to return and recommend the business to their friends and family. Additionally, POS systems can help boost sales by keeping track of inventory levels and tracking customer sales interactions.

Get sample copy of this report:

https://skyquestt.com/sample-request/point-of-sales-market

SkyQuest has published a report on global point-of-sales market. The report provides a detailed market forecast, market dynamics, value chain, top players and their analysis, competitive landscape, value chain and supply chain analysis, consumer data and adoption rate, key consumers by country, survey on people who are willing to buy new point of sales terminals in the next 6 months, among others.

68% of Merchants around Globe are Using Point of Sale

As per SkyQuest survey on point-of-sales market, POS is becoming more prevalent across the globe. Of businesses surveyed (the global sampling included 803 businesses in North America, Europe, Asia Pacific and South America), 68% said they have already deployed point-of-sale system. This trend is likely due to the increase in mobile commerce, as well as the increased convenience that POS systems provide. The adoption rates are climbing among both small and large merchants. In addition, the study found that 86% of merchants feel that using POS technology has increased their customer engagement.

The adoption of POS in the global point-of-sales market is particularly prevalent in North America, where 91% of merchants report using POS systems. Europe follows with 86% adoption, Latin America with 73% adoption, Asia Pacific with 76% adoption, and the Middle East and Africa with 58%.

The point-of-sales market report also found that 68% of global merchants use at least one POS platform, with 43% using more than one platform.

POS software platforms enjoy widespread adoption because they offer retailers flexibility and control over their POS systems. Merchants can choose from a wide range of software platforms that cater to their specific needs and requirements, making it easy to get started with POS systems. Additionally, most platforms offer merchant training and support to ensure that retailers are able to use them effectively.

SkyQuest has done a survey on over 803 business around the globe for understanding adoption rate, satisfaction, ROI, customer satisfaction, their preferred brand, factors influencing purchasing choice, preferred banking partners, among others.

Browse summary of the report and Complete Table of Contents (ToC):

https://skyquestt.com/report/point-of-sales-market

Top 5 Trends More are Likely to Share Future of Point-of-Sales Market

SkyQuest has tracked potential trend in the global point-of-sales market that are likely to shape the future and are likely to drive demand for POS terminals in the years to come.

1. Artificial Intelligence will play an important role in the future of Point of sale. This technology can help to speed up the process and make transactions more efficient.

2. The use of biometric scanning will become more common in the future. This technology can help to prevent fraud and protect your data privacy.

3. Augmented reality will continue to be popular in the future. This technology can help to make shopping experiences more interactive and enjoyable.

4. More and more businesses are going digitalize. This trend is likely to continue in the future, as it makes transactions easier and more efficient for customers.

5. Retailers are turning to mobile apps to give their customers a better customer experience. These apps offer a variety of features, such as loyalty programs and customer feedback surveys.

India is the Most Lucrative Point-of-Sales market

As of 2021, More than 238 million POS terminals are installed in the point-of-sales market. Wherein China is dominating the global point of sales of market by deploying more than 49,265 thousand units in 2021 and the number is growing at a CAGR of around 17.1%. On the other hand, India is projected to witness fastest growth at a CAGR of over 27.2% thanks to its rapidly expanding retail infrastructure. Currently, India has over 6,100 POS terminals and the number is expected to surpass 33,000 by 2028. The main reason for this is that there is a high demand for POS terminals in India, with over 600 million people using them. In addition, India has a population that is continuously growing, meaning there will be more and more people using these terminals in the future. Moreover, there is a large number of small businesses in India, which makes it an ideal for the growth of point-of-sales market. Additionally, the country’s GDP is expected to grow at a rate of 7.5% this year, making it an attractive investment opportunity. Finally, India’s current banking system is fairly new and developing, so there is a lot of potential for expansion in this area.

Despite being the most unorganized retail market in the world, India has been gaining momentum with the revolution in the retail industry and growing footprint of large conglomerate like Reliance Industries, Tata Sons, Adani Enterprise, and Avenue Supermarket. Wherein, Reliance Industries is dominating the India point-of-sales market with its 15,196 stores having more than 3 POS terminal installed at each store on average. India’s high population and large middle class will drive the demand for POS terminals, which are critical to retailers in terms of reducing checkout lines, boosting sales, and increasing financial efficiency.

Speak to Analyst for your custom requirements:

https://skyquestt.com/speak-with-analyst/point-of-sales-market

Key Players in Global Point-of-sales market

  • Ingenico Group (France)
  • NCR Corp. (US)
  • VeriFone Systems, Inc. (US)
  • Revel System, Inc. (US)
  • PAX Technology (China)
  • Oracle Corp. (US)
  • HP Inc. (US)
  • Lightspeed (Canada)
  • Square, Inc. (US)
  • Fujitsu Ltd. (Japan)

Related Reports in SkyQuest’s Library:

Global Virtual Data Room Market

Global Augmented Reality Market

Global Machine Condition Monitoring Market

Global Mass Flow Controller Market

Global Head Mounted Display Market

About Us:

SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.

Address:

1 Apache Way, Westford, Massachusetts 01886

Phone:

USA (+1) 617-230-0741

Email: [email protected]

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GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

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SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
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