Global iPad POS Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global iPad POS Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The point of sale (POS) or point of purchase (POP) is the time and place where a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt for the transaction, which is usually printed but is increasingly being dispensed with or sent electronically.

Market Overview:

The latest research study on the global iPad POS Software market finds that the global iPad POS Software market reached a value of USD 1694.01 million in 2022. It’s expected that the market will achieve USD 3251.6 million by 2028, exhibiting a CAGR of 11.48% during the forecast period.

Drivers

Multichannel sales have become a trend nowadays, and the combination of online and offline sales is quickly gaining popularity. Many merchants who run regular retail stores eventually come to the decision to go online, too, and choose their point of sale solution with this perspective in mind. Meanwhile, the evolution of retail, catering and hospitality industries also push the development of the point of sale systems. Cash is slowly losing its reign as the preferred payment method as 73 percent of respondents of a Mastercard survey saying they use less cash today than they did ten years ago. Therefore, the demand for POS systems is and will be indispensable.

The functionality of the POS system has significantly grown during the recent years, and became more versatile to accommodate the requirements of each business. iPad based POS systems are smaller than your regular POS system, quickly taking the place of the big and bulky systems. Due to the convenience in terms of costs, manageability and ease of use, iPad POS Software is a good choice for e-merchants and retail store owners to focus on their businesses rather than dealing with paper work.

Customers want and expect a lot from your business. They don’t want to be bothered with difficult decisions or long wait times. It is a good technology to give your customers what they want. For example, 70% of iPad POS Software for Catering Industry-goers agree the POS technology improves their iPad POS Software for Catering Industry experience. It is crucial that the paying experience is flawless and nothing hinders store owners to receive their financial reward.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Square is one of the major players operating in the iPad POS Software market, holding a share of 6.01% in 2017.

Square, Inc. provides payment and point-of-sale solutions in the United States and internationally. The company’s commerce ecosystem includes point-of-sale software and hardware that enables sellers to turn mobile and computing devices into payment and point-of-sale solutions. It offers hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Chip card reader, which accepts EMV chip cards and enables swiped transactions of magnetic stripe cards; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; and Square Register that combines its hardware, point-of-sale software, and payments technology, as well as managed payments solutions.

Shopify Inc. provides a cloud-based multi-channel commerce platform for small and medium-sized businesses in Canada, the United States, the United Kingdom, Australia, and internationally. Its platform provides merchants with a single view of business and customers in various sales channels, including Web and mobile storefronts, physical retail locations, social media storefronts, and marketplaces; and enables to manage products and inventory, process orders and payments, ship orders, build customer relationships, leverage analytics and reporting, and access financing.

Segmentation Overview:

Among different product types, iPad POS Software for Catering Industry segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Small Business segment occupied the biggest share from 2017 to 2022.

Key Companies in the global iPad POS Software market covered in Chapter 3:

Lavu
TouchBistro Inc.
Lightspeed
ShopKeep
Square
Bindo
Revel Systems
Vend
Shopify POS
SalesVu

In Chapter 4 and Chapter 14.2, on the basis of types, the iPad POS Software market from 2018 to 2029 is primarily split into:

iPad POS Software for Catering Industry
iPad POS Software for Hospitality Industry
iPad POS Software for Retail Industry
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the iPad POS Software market from 2018 to 2029 covers:

Small Business
Mid-sized Business
Big Business

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)