Market Size –
The point of sale (POS) software market size has grown rapidly in recent years. It will grow from $11.83 billion in 2023 to $13.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to early smartphone adoption, limited traditional POS accessibility, the emergence of cloud-based solutions, early government initiatives for cashless transactions, and the rise of app stores and mobile payment apps.
The point of sale (POS) software market size is expected to see rapid growth in the next few years. It will grow to $19.85 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%. The growth in the forecast period can be attributed to the growing popularity of biometric authentication, the focus on sustainability, the emergence of blockchain technology, and the rise of on-demand delivery services. Major trends in the forecast period include personalization through AI, convergence with social commerce, augmented reality (AR) integration, the rise of voice-activated payments, and a focus on employee experience.
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Scope Of Point Of Sale (POS) Software Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Point Of Sale (POS) Software Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the point of sale (POS) software market are developing cloud-based POS systems such as NCR Aloha Cloud to serve customers with better-advanced features. NCR Aloha Cloud is a cloud-based POS (Point of Sale) system that provides a modern, user-friendly experience that helps operators run their restaurants. For instance, in May 2022, NCR Voyix Corporation, a US-based software development company, introduced NCR Aloha Cloud, a cloud-based restaurant POS system. The system features next-day deposit financing, the smallest portable gadget, simple payment processing, and a new user interface. The system also offers data and analytics capabilities, providing valuable insights for informed decision-making. With secure payment processing, offline mode, native loyalty, email marketing, and 24/7 support, the Aloha Cloud system stands out as a comprehensive solution tailored to meet the needs of the restaurant industry effectively and efficiently.
The point of sale (POS) software market covered in this report is segmented –
1) By Component: Software, Services
2) By Deployment: On-Cloud, On-Premises
3) By Application: Inventory Tracking, Sales Reporting, Purchasing Management, Customer Engagement
4) By End-User: Retail, Healthcare, Government Sector, Media And Entertainment, Warehouses, Hospitality, Other End-Users
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Regional Insights –
North America was the largest region in the point of sale (POS) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale (POS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the point of sale (POS) software market are Samsung Electronics Co. Ltd., Panasonic Corporation, Oracle Corporation, SAP SE, Fujitsu Ltd., Toshiba Corporation, NEC Corporation, Mastercard Inc., Fiserv Inc., Block Inc., NCR Corporation, Shopify LLC, Diebold Nixdorf Inc., Toast Inc., Epicor Software Corporation, Ingenico SA, Clover Network Inc., Lightspeed Commerce, VeriFone Inc., VeriFone System Inc., Aptos LLC, PAX Technology, GK Software SE, Revel Systems, Blaze Solutions Inc., Qashier PTE Ltd., Ideal POSÂ Ltd.
Table of Contents
1. Executive Summary
2. Point Of Sale (POS) Software Market Characteristics
3. Point Of Sale (POS) Software Market Trends And Strategies
4. Point Of Sale (POS) Software Market – Macro Economic Scenario
5. Global Point Of Sale (POS) Software Market Size and Growth
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31. Point Of Sale (POS) Software Market Other Major And Innovative Companies
32. Global Point Of Sale (POS) Software Market Competitive Benchmarking
33. Global Point Of Sale (POS) Software Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Point Of Sale (POS) Software Market
35. Point Of Sale (POS) Software Market Future Outlook and Potential Analysis
36.Appendix
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