Global POS Software Market Report 2023-2028: Seamless Retail Transactions and the Rise of Contactless Payments - How POS Software Responds to New Norms

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Sep 27, 2023, 06:45 ET

DUBLIN, Sept. 27, 2023 /PRNewswire/ -- The "POS Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.

The global Point of Sale (POS) software market size reached US$ 10.9 Billion in 2022. Looking forward, the market is set to reach US$ 18.5 Billion by 2028, exhibiting a CAGR of 9.22% during 2022-2028.

Point-of-sale (POS) software is a crucial tool for businesses, facilitating efficient store operations and online retail transactions. It streamlines inventory management, sales supervision, product searches, payment processing, speedy scanning of goods, tax tracking, and generation of detailed sales reports for precise business insights.

This translates into faster payments, improved customer experiences, price consistency, simplified business processes, and optimized workflows. Currently, POS software comes in fixed and mobile solutions.

The widespread adoption of POS software spans various industries, driven by rapid digitization and the growing need for efficient electronic and in-store payment systems, ensuring secure, flexible, and error-free money management.

Furthermore, the extensive use of e-wallets to securely store credit and debit card information, enhancing convenience and flexibility in online transactions, contributes to market growth. Integration with Software as a Service (SaaS), cloud computing, and customer relationship management (CRM) solutions, aiding in customer behavior tracking, data collection, and revenue enhancement, further fuels market expansion.

The rising demand for contactless payment options, particularly during the COVID-19 pandemic, has boosted market growth. The pandemic prompted consumers to shift towards various e-commerce platforms for essential items, leading to increased online deliveries and driving market growth.

Other factors, such as widespread high-speed internet availability and collaborations among key players to introduce mobile POS systems with biometric solutions, are fostering a positive market outlook.

Key Questions Answered in This Report:

How has the global POS software market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global POS software market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the type?
What is the breakup of the market based on the deployment mode?
What is the breakup of the market based on the organization size?
What is the breakup of the market based on the application?
What is the breakup of the market based on the end user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global POS software market and who are the key players?
What is the degree of competition in the industry?

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
Vend Limited (Lightspeed).

Key Market Segmentation:

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

For more information about this report visit https://www.researchandmarkets.com/r/t2jczo

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