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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

Netcompany secures high-profile digital transformation contract with HM Revenue & Customs (HMRC)

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Netcompany wins one of four new build contracts for HMRC. The European IT services company will focus on modernising core digital customer services for HMRC’s Customer Services Group. The contract term is three years with options for two, one-year extensions. The estimated contract spend is £120–£135m over the course of the 5-year term. 
LONDON, May 13, 2024 /PRNewswire/ — Netcompany has won a significant new build contract for His Majesty’s Revenue and Customs (HMRC). It will provide digital transformation services to HMRC’s Customer Services Group (CSG), including the Customer Compliance Group (CCG). Netcompany was selected following a competitive procurement process. 

“We are proud and honoured to be selected to bring our expertise and knowledge to bear in helping enable HMRC’s digitalisation journey,” says André Rogaczewski, CEO, Netcompany. “Improving citizen experience through responsible digitalisation of public services is a core part of our DNA. Through this partnership, Netcompany looks forward to working with HMRC to help realise their digital transformation aspirations, resulting in both better customer services and value to the taxpayer.” 
The contract Netcompany has been awarded to deliver aims to simplify access and management of citizens’ tax affairs, through one personalised digital account. The contract was won through the first phase of competitions run under Crown Commercial Service’s (CCS) Digital and Legacy Application Services (DALAS) framework, Lot 2a – Large Scale Digital, Integration and Development Services.
About Netcompany
Founded in Denmark in 2000, Netcompany is a fast-growing, multinational company, working across 10 countries, with a team of more than 7,700 skilled professionals, who drive sustainable digitisation, consistently improving outcomes for our customers and citizens. Netcompany provides mission-critical IT solutions for societal and business needs, aiding our clients in their digital evolution towards a more efficient and sustainable future. Netcompany UK has extensive experience of working across the public sector, including NHS England, Ministry of Defence, Home Office, HMRC, Department for Education, Department for Environment, Food & Rural Affairs, as well as extensive private sector experience.
About Crown Commercial Service
Crown Commercial Service (CCS) is an Executive Agency of the Cabinet Office, supporting the public sector to achieve maximum commercial value when procuring common goods and services.
To find out more about CCS, visit: www.crowncommercial.gov.ukFollow us on Twitter: @gov_procurementLinkedIn: www.linkedin.com/company/2827044 
Logo: https://mma.prnewswire.com/media/2410706/Netcompany_Logo.jpg

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Bulletin from the extraordinary general meeting in SciBase Holding AB (publ)

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STOCKHOLM, May 13, 2024 /PRNewswire/ — Today, an extraordinary general meeting has been held in SciBase Holding AB (publ) (“SciBase” or the “Company”). The general meeting resolved in accordance with the proposals presented in the notice to attend the meeting (which is available on the Company’s website (www.scibase.com)).

Amendment of the articles of association
The general meeting resolved, in accordance with the board of directors’ three proposals, to amend §§ 4-5 of the articles of association, entailing:
that the articles of association shall be amended so that the share capital shall be not less than SEK 10,065,000 and not more than SEK 40,260,000 and that the number of shares shall be not less than 201,300,000 and not more than 805,200,000,that the articles of association shall be amended so that the share capital shall be not less than SEK 10,780,000 and not more than SEK 43,120,000 and that the number of shares shall be not less than 215,600,000 and not more than 862,400,000, andthat the articles of association shall be amended so that the share capital shall be not less than SEK 11,500,000 and not more than SEK 46,000,000 and that the number of shares shall be not less than 230,000,000 and not more than 920,000,000.The general meeting further resolved, in a accordance with the board of directors’ proposal,  to authorize the board of directors to register with the Swedish Companies Registration Office the above resolution to amend the Articles of Association, the limits of which for the minimum and maximum number of shares in the Company are consistent with the total number of shares in the Company after the rights issue announced on 5 April 2024 and the directed issues of units that the board of directors resolved upon on 5 April 2024 (that were conditional upon the subsequent approval of the general meeting).
Directed issues
The general meeting resolved, in accordance with the board of directors’ proposal, to approve the resolution made by the board of directors on 5 April 2024, on a new issue of a maximum of 74,136,510 units to Ribbskottet AB, Per Olof Ejendal AB, Kåre Gilstring, Robert Molander, MLJK Konsult AB, Klintemar Konsult AB, Jesper Hoiland, Fredrik Mattsson, Stefan Hansson, Theodor Invest AB, Ulti AB, Van Herk Investments B.V., Morningside Group AB, Viktor Drvota and Eric Terhaerdt. The subscription price for each unit is SEK 0.42, corresponding to a subscription price of SEK 0.42 per share. Warrants of series TO 2 are issued free of charge. The issue results in an increase in the number of shares in the Company of a maximum of 74,136,510 shares, entailing a maximum increase of the share capital of SEK 3,706,825.50, and a new issue of a maximum of 370,682,550 warrants of series TO 2 entitling to subscription of 370,682,550 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 18,534,127.50 if all issued warrants of series TO 2 are exercised. In total, the share capital may increase by a maximum of SEK 22,240,953.00.
The general meeting further resolved in accordance with the board of directors’ proposal to approve the resolution made by the board of directors on 5 April 2024, on a new issue of a maximum of 3,755,259 units to Matt Leavitt. The subscription price for each unit is SEK 0.42, corresponding to a subscription price of SEK 0.42 per share. Warrants of series TO 2 are issued free of charge. The issue results in an increase in the number of shares in the Company of a maximum of 3 755 259 shares, entailing a maximum increase of the share capital of SEK 187,762.95, and a new issue of a maximum of 18,776,295 warrants of series TO 2 entitling to subscription of 18,776,295 shares in the Company, whereby the share capital may increase by an additional maximum of SEK 938,814.75 if all issued warrants of series TO 2 are exercised. In total, the share capital may increase by a maximum of SEK 1,126,577.70.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected] Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The Company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/scibase/r/bulletin-from-the-extraordinary-general-meeting-in-scibase-holding-ab–publ-,c3977529
The following files are available for download:
https://mb.cision.com/Main/12371/3977529/2790414.pdf
SciBase Bulletin EGM
 

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Artificial Intelligence

Experience Abu Dhabi Weixin Mini-Program: Your Gateway to Unforgettable Moments in Abu Dhabi

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ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — Prepare for a memorable journey with the new Experience Abu Dhabi Weixin mini-program, brought to you by Experience Abu Dhabi, in partnership with Tencent Cloud.

Weixin is commonly known as ‘WeChat’ outside of China serves over a billion of monthly active users in the Chinese mainland. Tailored for Chinese visitors, the Weixin mini-program is packed with compelling features that range from interactive maps to itinerary planners – everything they would need to plan their Abu Dhabi experience at their fingertips.
The program not only provides Chinese visitors with first-hand official travel information but also specifically addresses their digital travel needs, offering map guidance and Chinese audio commentary services during the travel process.
The program also introduces ‘Khalifa’, a welcoming Emirati character who serves as Abu Dhabi’s first digital ambassador for culture and tourism. Khalifa isn’t just a tour guide, he’s your virtual companion, ready to engage in conversation and answer all visitor questions about Abu Dhabi!
Whether you’re looking for thrilling attractions, world-class restaurants or inspiring activities, Khalifa will provide personalised recommendations and insider tips to enhance your experience.
About Tencent Cloud
Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.
About the Department of Culture and Tourism – Abu Dhabi:
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors and its creative industries, fuelling economic progress and helping to achieve Abu Dhabi’s wider global ambitions.
By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism industries.
DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.
For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dct.gov.ae and visitabudhabi.ae 

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