November 20, 2015
LTP has come up with another crisp, three-page report on the US’ point-of-sale transformation which analyzes the changing regulation, technology and growth forecasts of the market.
The POS terminal market has witnessed considerable growth in recent years owing to the ease of use and improved return on investment offered by these systems. Advanced POS systems offer higher durability and reliability compared to traditional counterparts such as cash registers; this has significantly reduced the total cost of ownership (TCO), thus increasing POS terminals market demand in small and medium-size businesses (SMBs).
Installed Base of POS Terminals in US (2015):
The US Retail and Hospitality sector has 6.57 million merchant establishments, excluding 23 million micro-merchants.
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