Point of Sale Software Market By Application (Fixed POS, Mobile POS), By Deployment Mode (Cloud, On-Premises), By Enterprise Size (Small and Medium-Sized Enterprises (SMEs), Large Enterprise), By End User (Restaurents, Retail, Hospitality, Healthcare, Media & Entertainment, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030
The global point of sale software market is envisioned to garner $13.7 billion by 2031, growing from $4.9 billion in 2021 at a CAGR of 10.9% from 2022 to 2031.
A point of sale software system acts as a cash register where cashiers input the items, tally the cost and complete the financial transaction. POS solutions can be custom-built according to customer demands and facilitate faster checkouts.
POS software can gather and analyze sophisticated sales, transactions, and customer information. Even a simple transaction creates payment terms, modes, product lists sold and buy, customer experience ratings, and agent sales data, which will compound the need to install more automated systems to manage data in the near future. The obtained data may enable professionals in cognitive data analysis and allow businesses to enhance product line, client engagement, and behavior patterns, which is advantageous in the long run in terms of profitability. The point of sale software system helps to change large customer relationship management (CRM) and customer interaction.
A point of sale software terminal infrastructure is complicated to construct, and there is an increasing frequency of cyber-attacks as well. Therefore, many firms are not prepared to invest a huge amount in the total infrastructure, fearing the competency of cloud-based products regarding security concerns.
Point of sale software is capable of reducing the inefficiencies, such as the means of doing business, the labor, and the client handling procedure. Implementation of a POS removes employee reliance on handling corporate data and assists in making an educated and speedy choice.
The COVID-19 outbreak had a significant impact on the worldwide SME’s, notably the retail sector, in terms of profitability, liquidity, inefficiencies, and visibility. It has seriously disturbed the sophisticated and automated digital backbone of the industry. Therefore, significant suppliers are spending funds to restore the digital back-end of all fundamental processes, such as billing, banking, accounting, tax, payments, costs, and cash management, via the use of POS software.
The key players profiled in this report include NCR Corporation, Revel Systems, Oracle, Agilysys Inc., Clover Network Inc., Diebold Nixdorf Incorporated, Epicor Software Corporation, Ingenico Group, Intuit Inc., SAP SE.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the point of sale software market analysis from 2021 to 2031 to identify the prevailing point of sale software market opportunities.
Market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the point of sale software market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as the global point of sale software market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
Mobile POS
Fixed POS
By Deployment Mode
Cloud
On-Premises
By Enterprise Size
Small and Medium-Sized Enterprises (SMEs)
Large Enterprise
By End User
Restaurents
Retail
Hospitality
Healthcare
Media Entertainment
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Spain
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
UAE
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Agilysys, Inc.
Clover Network, Inc.
Diebold Nixdorf, Inc.
Epicor Software Corporation
Ingenico Group
Intuit, Inc.
Lightspeed
NCR Corporation
Oracle Corporation
PAR Technology Corp
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