Tools commonly used in the Point Of Sales Systems (Manufacturing) industry for day-to-day tasks and operations.

• Barcode scanners
• Cash drawers
• Receipt printers
• Touchscreen monitors
• Credit card readers
• Keyboards with programmable keys
• Customer displays
• Handheld scanners
• POS software
• Mobile devices for inventory management

Common products and services typical of NAICS Code 334118-03, illustrating the main business activities and contributions to the market.

• Retail POS systems
• Restaurant POS systems
• Hospitality POS systems
• Supermarket POS systems
• Convenience store POS systems
• Gas station POS systems
• Pharmacy POS systems
• Salon and spa POS systems
• Mobile POS systems
• Self-service kiosk POS systems

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• FCC Certification: The Federal Communications Commission (FCC) certification is required for electronic products that emit radio frequency energy. This certification ensures that the product complies with the FCC's technical standards and is safe for use. The certification is provided by the FCC.
• UL Certification: The Underwriters Laboratories (UL) certification is a safety certification that ensures that the product meets the safety standards set by UL. This certification is required for electrical products and is provided by UL.
• CE Marking: The CE marking is a certification that indicates that the product meets the safety, health, and environmental protection standards set by the European Union. This certification is required for products that are sold in the European Union and is provided by the manufacturer.
• Rohs Compliance: The Restriction of Hazardous Substances (RoHS) compliance certification ensures that the product does not contain any hazardous substances that are restricted by the European Union. This certification is required for products that are sold in the European Union and is provided by the manufacturer.
• ISO 9001 Certification: The ISO 9001 certification is a quality management system certification that ensures that the product meets the quality standards set by the International Organization for Standardization (ISO). This certification is provided by the certification body.

A concise historical narrative of NAICS Code 334118-03 covering global milestones and recent developments within the United States.

• The Point Of Sales Systems (Manufacturing) industry has a long history of development and innovation. The first cash register was invented in 1879 by James Ritty, a saloon owner who wanted to prevent his employees from stealing from him. In the 1970s, the first electronic cash registers were introduced, and in the 1980s, the first point of sale (POS) systems were developed. These early systems were large and expensive, but they paved the way for the development of smaller, more affordable systems that could be used by small businesses. In recent years, the industry has seen a shift towards cloud-based POS systems, which offer greater flexibility and scalability than traditional systems. In the United States, the history of the Point Of Sales Systems (Manufacturing) industry is closely tied to the development of the retail industry. The first modern department store, Wanamaker's, opened in Philadelphia in 1876, and it was one of the first stores to use a cash register. In the 1950s and 1960s, the growth of suburban shopping malls led to a boom in the retail industry, and the development of new technologies, such as barcode scanners and electronic cash registers, helped to streamline operations and improve efficiency. In recent years, the industry has been driven by the growth of e-commerce and the increasing demand for omnichannel retail solutions.

The anticipated future trajectory of the NAICS 334118-03 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The Point of Sales Systems (Manufacturing) industry in the USA is expected to grow in the coming years due to the increasing demand for advanced and efficient payment systems. The industry is expected to benefit from the growth of the retail and hospitality sectors, which are the primary users of point of sales systems. The increasing adoption of cloud-based point of sales systems is also expected to drive the growth of the industry. The industry is also expected to benefit from the increasing trend of mobile payments and the integration of artificial intelligence and machine learning technologies in point of sales systems. However, the industry may face challenges due to the increasing competition from new entrants and the threat of cybersecurity breaches.

Recent groundbreaking advancements and milestones in the Point Of Sales Systems (Manufacturing) industry, reflecting notable innovations that have reshaped its landscape.

• Mobile Point Of Sales Systems: These systems allow businesses to accept payments on the go, which is especially useful for small businesses and vendors at events.
• Cloud-Based Point Of Sales Systems: These systems allow businesses to access their sales data from anywhere and provide real-time inventory management.
• Integration with Artificial Intelligence and Machine Learning: Point of sales systems can now use AI and machine learning to provide personalized recommendations to customers and optimize inventory management.
• Contactless Payments: The COVID-19 pandemic has accelerated the adoption of contactless payments, which are faster and more hygienic than traditional payment methods.
• Self-Checkout Kiosks: These kiosks allow customers to scan and pay for their items without the need for a cashier, reducing wait times and increasing efficiency.