POS Software Market Report by Component (Software, Service), Type (Fixed POS, Mobile POS), Deployment Mode (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Application (Inventory Tracking, Sales Report

POS Software Market Report by Component (Software, Service), Type (Fixed POS, Mobile POS), Deployment Mode (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Application (Inventory Tracking, Sales Reporting, Purchasing Management, Customer Engagement, and Others), End User (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others), and Region 2024-2032

The global Point of Sale (POS) software market size reached US$ 11.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.1 Billion by 2032, exhibiting a growth rate (CAGR) of 7.6% during 2024-2032.

Point-of-sale (POS) software enables businesses or merchants to manage store operations and perform online retail transactions. It aids in managing inventory, supervising sales, searching for products, accepting payments, scanning consumer goods information faster, tracking taxes, and analyzing and representing sales reports to provide accurate business insights. This, in turn, assists enterprises in ensuring quicker payments, providing a better customer experience, maintaining price consistency, simplifying business operations, and optimizing workflow. At present, POS software is mainly available in fixed and mobile solution types.

POS Software Market Trends:
The widespread adoption of POS software across various industrial verticals can be attributed to rapid digitization and the increasing need for efficient electronic or in-store payment facilities to ensure safe, flexible, and accurate money management while eliminating human errors. In line with this, the extensive employment of e-wallets (electronic wallets) to store credit and debit card information to provide convenience and flexibility to the user during online transactions is acting as another growth-inducing factor. Additionally, the integration of software as a service (SaaS), cloud computing, and customer relationship management (CRM) solutions that assist in tracking customer behavior, collecting data, and increasing business revenue is contributing to the market growth. Moreover, the increasing demand for contactless payment options, especially during the sudden outbreak of the coronavirus disease (COVID-19) pandemic, is creating a favorable scenario for the market growth. The pandemic led consumers to shift toward various e-commerce platforms to order food, medicines, and other essential commodities, which, in turn, escalated the number of online deliveries, thus propelling the market growth. Other factors, such as the easy availability of high-speed internet connectivity and strategic collaborations amongst leading players to introduce mobile POS with biometric solutions, are creating a positive outlook for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global POS software market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, type, deployment mode, organization size, application and end user.

Breakup by Component:

Software
Service

Breakup by Type:

Fixed POS
Mobile POS

Breakup by Deployment Mode:

Cloud-based
On-premises

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Application:

Inventory Tracking
Sales Reporting
Purchasing Management
Customer Engagement
Others

Breakup by End User:

Restaurants
Hospitality
Healthcare
Retail
Warehouse
Entertainment
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Block Inc., Clover Network LLC (Fiserv Inc.), HP Development Company L.P., Idealpos Solutions Pty Ltd, Intel Corporation, Microsoft Corporation, NCR Corporation, Panasonic Canada Inc (Panasonic Holdings Corporation), Revel Systems Inc., SwiftPOS (MSL Solutions), Toast Inc., Toshiba Corporation and Vend Limited (Lightspeed).

Key Questions Answered in This Report

1. What was the size of the global POS software market in 2023?
2. What is the expected growth rate of the global POS software market during 2024-2032?
3. What are the key factors driving the global POS software market?
4. What has been the impact of COVID-19 on the global POS software market?
5. What is the breakup of the global POS software market based on the type?
6. What is the breakup of the global POS software market based on the deployment mode?
7. What is the breakup of the global POS software market based on organization size?
8. What is the breakup of the global POS software market based on the end user?
9. What are the key regions in the global POS software market?
10. Who are the key players/companies in the global POS software market?