The Point of Sale Display Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Point of Sale Display Global Market Report 2024, The point of sale display market size has grown strongly in recent years. It will grow from $11.67 billion in 2023 to $12.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to retail merchandising strategies, product launches and promotions, influence on consumer behavior, inventory management, brand visibility.
The point of sale display market size is expected to see strong growth in the next few years. It will grow to $17.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to sustainability concerns, e-commerce integration, regulatory compliance, dynamic supply chains, globalization of retail, visual merchandising evolution. Major trends in the forecast period include digital signage solutions, customization for targeted marketing, advanced analytics and data insight, touchscreen technologies, mobile point of sale (mPOS) systems.
The increase in the expansion of retail chains is expected to propel the growth of the point of sales display market going forward. Retail chains refer to a range of retail outlets, which share a brand and central management, usually with standardized business practices. Point of sale displays helps retail chains by provoking impulse purchases from customers. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, India’s retail sector is expected to touch $1.5 trillion by 2030 from $0.8 trillion in 2020. Therefore, the increasing expansion of retail chains is driving the point of sales display market.
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The point of sale display market covered in this report is segmented –
1) By Type: Flour Displays, Freestanding Displays, Countertop Displays, Other Types
2) By Application: Mobile POS, Fixed POS
3) By End-User: Restaurants, Retail, Healthcare, Warehouse, Entertainment, Hospitality, Other End-User
Major companies operating in the point of sale display market are increasing their focus on introducing innovative solutions, such as point of sale platform, to gain a competitive edge in the market. A point-of-sale (POS) platform is a combination of hardware and software that simplifies and streamlines the transaction process for both businesses and customers. For instance, in August 2022, Dutchie, a US-based company, launched a new cannabis point of sale platform called Dutchie POS. This platform is a robust, compliant, and fully customizable POS system for cannabis retail. The system offers built-in traceability, advanced reporting, and integrated support for various legal markets and payment methods. It also offers a dual-screen terminal, which features a 15-inch screen for the budtender and a 10-inch screen for the customer, further enhancing the checkout experience.
The point of sale display market report table of contents includes:
1. Executive Summary
2.Point of Sale Display Market Characteristics
3.Point of Sale Display Market Trends And Strategies
4.Point of Sale Display Market analysis
5.Point of Sale Display Market Size And Growth
6. Point of Sale Display Segmentation
7. Point of Sale Display Regional And Country Analysis
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27.Point of Sale Display Competitive Landscape And Company Profiles
28.Point of Sale Display Key Mergers And Acquisitions
29.Point of Sale Display Future Outlook and Potential Analysis
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