Marty Hendrickson, Vice President of Global Sales at Tidel, recently sat down to talk about his predictions for future growth of the cash industry. He sees growth in the convenience store and quick service restaurant markets, and believes the most growth will come from retailers looking to compete more efficiently with Amazon. Retailers under the most pressure realize they need to create a more efficient operating environment.
Healthcare also looks to be a great opportunity. Large hospitals systems are rolling out the Tidel solution across their entire footprints. Hendrickson anticipates an overall compound annual growth rate of 17-18% across all verticals, and anticipates the convenience store and QSR markets growing to an adoption rate of 30-35% over the next five years.
“I think we’ll see growth across the board as organizations continue to understand that cash management solutions are as critical as point of sale, or even as credit card terminals,” he explains. To learn more, please enjoy the video.