SIC 3578 - Calculating And Accounting Machines, Except Electronic Computers
Establishments primarily engaged in manufacturing point-of-sale devices, funds transfer devices, and other calculating and accounting machines, except electronic computers. Included are electronic calculating and accounting machines which must be paced by operator intervention, even when augmented by attachments. These machines may include program control or have input/output capabilities.
Industry trends:
The calculating and accounting machines industry, classified under NAICS 3578, is witnessing significant qualitative trends driven by advancements in technology and evolving consumer demands. One of the predominant trends is the increasing integration of artificial intelligence and machine learning in traditional accounting machines. This integration enhances the speed and accuracy of calculations and allows for predictive analytics, thus transforming basic accounting functions into strategic decision-making tools.
Another notable trend is the movement towards cloud-based solutions. As businesses seek more flexibility and remote capabilities, there is a growing demand for accounting machines that are compatible with cloud computing platforms. This facilitates real-time data access and collaboration, which is essential in today's globally connected business environment.
Sustainability is also becoming a focal point, with manufacturers incorporating eco-friendly materials and energy-efficient technologies into their products. This aligns with the broader corporate responsibility movements and customer preferences for sustainable business practices.
Looking ahead, the industry is expected to experience continuous growth in the adoption of automation technologies. This will likely result in the development of more sophisticated, multifunctional accounting machines that go beyond basic tasks. Furthermore, as cybersecurity threats escalate, there will be an increasing emphasis on integrating robust security features to protect sensitive financial data.
In summary, the qualitative trends in the NAICS 3578 industry reflect a shift towards smarter, more integrated, and sustainable solutions. The near future forecast suggests a continued evolution driven by technological advancements and heightened security needs.
This industry is comprised of:
Accounting machines, operator paced
Adding machines
Automatic teller machines (ATM)
Billing machines
Bookkeeping machines
Calculating machines, operator paced
Cash registers, including adding machines with cash drawers
Change making machines
Coin counters
Funds transfer devices
Point-of-sale devices
Registers, credit account
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.