POS Software Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “POS Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global POS software market trends, size, share, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global Point of Sale (POS) software market size reached US$ 10.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 18.5 Billion by 2028, exhibiting a growth rate (CAGR) of 8.4% during 2023-2028.
Point-of-sale (POS) software is instrumental in aiding businesses with their sales transactions, managing inventory, and processing payments. It acts as the central element in a complete POS system, incorporating vital hardware like cash registers, barcode scanners, receipt printers, and card readers. The software streamlines the process of scanning products or entering their details manually, computes the total payment due, applies discounts or promotions, and produces detailed receipts for customers. Additionally, it assists in creating thorough sales reports, evaluating profit margins, overseeing inventory turnover, and monitoring other crucial performance indicators.
POS Software Market Trends and Drivers:
The global market is witnessing substantial expansion, primarily propelled by the widespread adoption of POS software across various industries such as apparel boutiques, grocery outlets, supermarkets, and hypermarkets. These software solutions effectively handle sales, oversee inventory, produce receipts, and handle payments, resulting in enhanced operational efficiency. Furthermore, the integration of POS software in the hospitality sector, encompassing restaurants, hotels, cafes, and quick-service restaurants (QSRs), is contributing to this market growth. These establishments leverage POS software to streamline order processing, facilitate tableside ordering, tailor menus, manage split bills, and integrate with kitchen display systems. Moreover, the growing popularity of contactless payment alternatives has led to a surge in debit and credit card users, positively impacting the market. Businesses are adapting to this trend to meet the rising demand for convenient and secure payment methods. Additionally, the introduction of mobile point-of-sale (mPOS) systems featuring biometric solutions has further propelled market expansion. These cutting-edge solutions enhance both convenience and security, delivering a seamless payment experience for customers.
Global POS Software Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: 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)
The report has segmented the market on the basis of region, 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
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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