The most recent study conducted by Report Ocean, titled “Global Point Of Sale Software Market Size, Share, Pricing, Trends, Growth, Report and Forecast 2023-2030,” presents a comprehensive analysis of the worldwide market. This research delves into the factors driving the market, emerging trends, opportunities for development, as well as potential limitations that may affect the Point Of Sale Software. The report provides an estimation of the global market size and examines recent strategic actions taken by prominent international competitors.
Global Point Of Sale Software Market is valued approximately USD 8.2 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 10.1 % over the forecast period 2020-2027. Point of Sale (POS) Software works like an operating system for Point-of-Sale terminal or system. With the help of POS software, a shopkeeper or user can input the data of stock, tally order cost, receive payments and can do many other activities. The growing adoption of cloud-based solutions, increasing demand for mobile POS, customer preference for cash-less transactions, growing demand in healthcare industry and growth of restaurant business due to growth of tourism are expected to drive the growth of the market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
For Instance: According to the American Hospital Association’s survey in 2018, 6148 U.S. hospitals has the requirement of cost-effective POS software integrated with accounting, reporting , patient financial services and insurance payment processing. However, lack of POS software which can meet multi-channel requirement impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing integration of restaurant with online delivery providers is likely to increase the market growth during the forecast period.
The regional analysis of global Point Of Sale Software market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to high demand, adoption for advanced integrated systems and large number of POS vendors. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing adoption of POS terminals due to growth of electronic payment industry would create lucrative growth prospects for the Point Of Sale Software market across Asia-Pacific region.
Major market player included in this report are:
Agilysys, Inc.
Clover Network, Inc.
Diebold Nixdorf, Incorporated
Epicor Software Corporation
Ingenico Group
Intuit, Inc.
Lightspeed
NCR Corporation
Oracle Corporation
PAR Technology Corp
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Fixed POS
Mobile POS
By Deployment Mode:
Cloud
On-premise
By Organization Size:
Large Enterprise
Small and Medium Enterprise (SME)
By End-user:
Restaurants
Hospitality
Healthcare
Retail
Warehouse
Entertainment
Other
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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- Analysis via geography highlighting the consumption of the product/service in the location as properly as indicating the elements that are affecting the market inside every region
- Competitive panorama which accommodates the market rating of the most important players, alongside with new service/product launches, partnerships, enterprise expansions, and acquisitions in the previous 5 years of businesses profiled
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