Cinema Point of Sale Solution Providers Leveraging Trend of Rising Number of Theatre Chains Worldwide: Fact.MR Report
Cinema Point of Sale Solution Providers Leveraging Trend of Rising Number of Theatre Chains Worldwide: Fact.MR Report
The global cinema point of sale (POS) solution market is forecasted to reach a size of US$ 2.93 billion by the end of 2034, up from US$ 1.12 billion in 2024, according to the latest industry analysis released by Fact.MR.
Rising number of theatre chains in several regions is the main reason pushing the demand for cinema point of sale solutions. When these chains expand their operations, they require POS systems that are adaptable and flexible to meet various operational needs across several sites and formats. To expand a theatre chain, strong and adaptive systems that smoothly integrate ticketing, customer management, effective management, and other functions are required.
The cinema POS solution market in North America is forecasted to lead throughout the projection period (2024 to 2034) due to the high emphasis on enhancing consumer experience with digital options and solutions, especially in the United States.
Key Takeaways from Market Study
“Integration of AI-driven analytics and mobile POS devices are improving connectivity with users, which will be a key reason that will drive the cinema point of sale solution market forward going ahead,” says a Fact.MR analyst.
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Rising Preference for Cloud-Based Solutions among Cinema Owners
The popularity of cloud-based cinema point of sale (POS) solutions is growing due to their flexibility, accessibility, and cost-effectiveness. Cloud-based technology enables theatre operators to access real-time data and operate it remotely from any location. Cloud-based POS solutions allow for easy integration with other digital platforms, such as online ticketing and mobile apps, enhancing the overall user experience.
Scalability of cloud-based cinema systems allows theatres to easily expand their operations without the need for significant infrastructure investments, an advantage that complements the changing nature of a growing cinema business.
Cinema Point of Sale Solution Industry News:
Key players in the cinema point-of-sale (POS) solution market are increasingly adopting subscription or licensing models, requiring merchants to pay ongoing fees or specific license costs to access the software and advanced features. This approach ensures a steady revenue stream while fostering long-term customer relationships through regular upgrades and support services. In February 2024, Zoho Corporation introduced Zakya, a modern POS solution designed to streamline operations for retail establishments in India. Similarly, in February 2022, Vista Group International, a New Zealand-based cinema technology company, acquired Retriever Solutions, a provider of theater management, POS systems, and other IT products for cinemas and retail businesses. Additionally, in February 2021, NCR Corporation launched the NCR Movie Time mobile application, enabling users to browse schedules, purchase tickets and food, check loyalty profiles, and access other features, enhancing the overall movie-going experience.
Leading Players Driving Innovation in the Cinema Point of Sale (POS) Solution Market:
Key industry participants like Titan Technology Group; Diamond Ticketing Systems; TicketNew Box Office; Ardhas Technology; Savoy Systems; Reliable IT; Retriever Solutions; Omniterm; Vista Entertainment Solutions; CenterEdge Software; Revel Systems etc. are driving the cinema point of sale solution industry.
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More Valuable Insightson Offer
Fact.MR, in its new offering, presents an unbiased analysis of the cinema point of sale (POS) solution market, presenting historical demand data (2019 to 2023) and forecast statistics for 2024 to 2034.
The study divulges essential insights into the market based on solution/service (POS software solutions, professional services, support services) and deployment (on-premise, cloud-based), across seven major regions of the world (North America, Western Europe, Eastern Europe, East Asia, Latin America, South Asia & Pacific, and MEA).
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A Point of Sale (POS) system is a combination of hardware and software that allows businesses to complete sales transactions. It typically includes a register, card reader, and software for managing sales and inventory.
Cloud-based technology refers to services and applications that are hosted on remote servers and accessed via the internet. This allows for greater flexibility, scalability, and cost-effectiveness for businesses.
A cinema chain is a group of movie theaters owned by a single company or organization. These chains often provide a consistent experience across their locations, including branding, pricing, and services.
Customer management involves strategies and practices used by businesses to manage interactions with current and potential customers. It aims to improve customer satisfaction and loyalty.
AI-driven analytics refers to the use of artificial intelligence to analyze data and generate insights. This technology helps businesses make informed decisions based on patterns and trends in their data.
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