It is reported that despite the emerging trend in online shopping, 94% of retail sales are made in brick-and-mortar stores. Hence, enhancing the shopping experience in stores also needs to be taken into consideration. Moreover, in addition to robust POS software, POS hardware plays an important role in streamlining your eCommerce process. In this article, we would like to help you go through some of the most popular point-of-sale manufacturing companies in the market.
Point Of Sale Manufacture Companies Definition
Point of sale (POS) manufacture companies are businesses that design, develop, and produce systems and hardware that facilitate payment transactions between customers and businesses. POS systems are essential for any retail operation as they allow merchants to accept various forms of payment, including credit and debit cards, as well as cash transactions. POS manufacture companies offer a wide range of products and services, including POS terminals, card readers, and software solutions to businesses of all sizes.
The global POS manufacturing market is expected to grow at a compound annual growth rate (CAGR) of 13.9% between 2021 and 2028. The market was valued at USD 64.7 billion in 2020 and is expected to reach USD 177.5 billion by 2028. This growth is mainly driven by the increasing adoption of cashless payment systems and the demand for secure and efficient payment solutions.
The retail sector is the largest end-user of POS systems, accounting for more than 50% of the market share. The demand for POS systems in the retail sector is mainly driven by the need to improve customer experience, increase operational efficiency, and reduce transaction processing time.
Moreover, the emergence of cloud-based POS systems is also fueling market growth. According to a recent study, the cloud-based POS system market is expected to grow at a CAGR of 21.5% between 2021 and 2028, driven by the benefits of cost-effectiveness, scalability, and flexibility.
Star Micronics is the most popular electronic components company in the industry founded in 1947 in Japan. This company manufactures a variety of necessary POS hardware including cash drawers, thermal printers, kiosk printers, etc.
Products from Star Micronic are also developed to secure cash management and greatly support customer engagement. A plus point is that users can integrate Star Micronic POS hardware with any Android, iOS, and Windows devices as well as their applications.
- Diverse product range: Star Micronics offers a diverse range of products, including POS printers, cash drawers, and accessories. This allows businesses to choose from a variety of solutions that cater to their specific needs.
- High-quality products: Star Micronics is known for producing high-quality products that are reliable and efficient. Their products are designed to withstand heavy use and offer a long lifespan, which can be a cost-effective solution for businesses in the long run.
- Limited compatibility: Star Micronics products may not be compatible with other third-party hardware or software solutions. This can limit businesses’ ability to customize their POS systems to meet their specific needs.
- Limited international availability: Star Micronics products may not be available in all countries, limiting their accessibility to businesses that operate globally.
Epson is another prominent POS hardware vendor in Japan specializing in printer, scanners, system devices, and factory automation categories. Epson has become a trusted name in printers for creating brilliant printers for a wide variety of users.
This company receives many compliments from customers for their high-performance products, services and solutions that go beyond our customer expectations. Besides, Epson products have great connectivity options that enable users to connect with Wifi, Wi-Fi, USB, Ethernet, and even support Apple AirPrint and Mopria Print Service.
- Quality Products: Epson is known for producing high-quality POS hardware, such as printers, scanners, and displays. Their products are durable, reliable, and have advanced features that help businesses streamline their operations.
- Comprehensive Solutions: Epson offers a wide range of POS hardware and software solutions that can be tailored to meet the specific needs of businesses of all sizes. They provide everything from basic POS terminals to advanced cloud-based systems with integrated inventory management and reporting tools.
- Cost: Epson’s products are generally priced higher than many of its competitors. This can be a barrier to entry for small businesses that may not have the budget to invest in expensive hardware and software solutions.
- Limited Compatibility: Some of Epson’s hardware may not be compatible with certain POS software systems. This can limit a business’s ability to customize its POS system and could result in additional costs if they need to switch to a different software platform.
POS – X is a US-based point-of-sale manufacturing company famous for its handy POS system terminals for retail, hospitality, and restaurant businesses. The company was founded in 2005 and became a leading POS vendor in America.
POS-X offers high-quality POS hardware such as touchscreen monitors, barcode scanners, receipt printers, and cash drawers. The majority of products from POS-X are simple and easy to use, but they can entirely fulfill the requirements of modern retailers.
POS-X offers a wide range of POS products that are designed to meet the needs of businesses in different industries. They provide POS hardware such as terminals, monitors, printers, scanners, and accessories, as well as software solutions that can be tailored to the specific needs of a business.
One potential downside of POS-X is that their products may be more expensive than those offered by some of their competitors. While their products are high quality and offer a range of features, the cost may be prohibitive for smaller businesses or those operating on a tight budget.
APG Cash Drawers is a global leading manufacturer of POS hardware and cash management solutions. With over 40 years of experience, this company has supplied POS components, especially cash drawers for a diverse range of businesses and industries throughout the world in more than 90 countries worldwide.C
Products by APG are believed to be greatly durable and reliable that can minimize frauds and speed up cash processes. Moreover, APG also enhances the data security of products with advanced encryption algorithms and develops user-friendly interfaces.
Some of APG Manufacturing’s products may have a steeper learning curve than simpler alternatives, which could require additional training for staff. APG Manufacturing’s product range may not cover all the point of sale needs of some businesses, requiring them to seek out additional solutions from other providers.
Another expert in manufacturing accessories to POS systems is MMF POS with more than 40 years in this industry. Since being first introduced in 1934, MMF has gradually raised its reputation and become the most popular POS solutions provider in the US thanks to its high-quality products and outstanding customer service.
In practice, MMF can greatly support and fulfill customer requirements of POS hardware by working closely with them and discussing not only products’ functionality but also design.
While MMF POS does offer some customization options, their range of options may be more limited than some competitors, which could be a consideration for businesses with specific needs.
The combination of robust POS software and handy hardware components
When it comes to an effective POS system, it is a must that its software and hardware components are able to work great together. However, not every hardware device is designed to work with all types of POS software and vice versa. In order to make the most of your POS system, carefully consider POS providers before splashing money on your store equipment.
Our system – ConnectPOS is developed to be compatible with all modern computer devices as well as work well with the majority of POS hardware such as Star Micronic or Epson. Besides, we are also willing to support retail businesses to set up or want to check the hardware compatibility in a timely manner. You can consider buying hardware devices from our partner as well. There are an array of POS bundles, all-in-one, printers, cash drawers, and scanners being offered. Don’t hesitate to send us your questions if you need any help!
Source: Cloud POS