#PASSPORT POS WORKSPACE MANAGER PDF#
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The market in the region is also expected to grow with a CAGR of 5.63% during the forecast period. The fuel & convenience store POS market in the United States, on the other hand, registered a revenue of USD 403.9 Million in the year 2020 and is further expected to touch USD 558.8 Million by the end of 2026. The market is also expected to grow on account of the growing volume of cashless transactions, backed by the growing penetration of the internet around the globe, which according to the International Telecommunication Union (ITU), registered 4 Billion people using the internet at the end of 2019. The global fuel & convenience store POS market registered a revenue of USD 3992.3 Million in the year 2020 and is further expected to touch USD 7263.6 Million by the end of 2026, by growing with a CAGR of 10.74% during the forecast period, i.e., 2021-2026. As a result, the fuel & convenience stores worldwide have been witnessing a surge in their overall sales, which is driving the need amongst the store owners to deploy point-of-sale (POS) systems so as to monitor their businesses and also increase customer shopping experience. According to the statistics by the bp Statistical Review of World Energy 2021, the consumption of oil around the globe increased from 86568 Thousands of barrels/day in the year 2010 to 97598 Thousands of barrels/day in the year 2019. The demand for oil and oil products around the globe is increasing at a significant pace. The report also utilizes different statistical tools to analyze the different parameters that are associated with the market growth in the coming years. Research Nester has recently released a report on “ Global and United States Fuel & Convenience Store POS Market: Demand Analysis & Opportunity Outlook 2020-2026” which includes a detailed analysis of the key market players and their growth strategies. Moreover, the statistics also stated that in-store sales of the convenience and fuel retailing industry in the United States registered an increase by 4.4% and touched USD 251.9 Billion in the year 2019 as compared to USD 242.2 Billion in the year 2018. 27, 2022 (GLOBE NEWSWIRE) - The Association for Convenience & Fuel Retailing (NACS), in one of its statistics, stated that in the United States, there were 150,274 numbers of convenience stores in the year 2019, out of which, 121538 stores or around 81% of all convenience stores sold motor fuel.
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