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 share, size, trends, 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 plays a crucial role in assisting businesses with sales transactions, inventory management, and payment processing. It serves as the core component within a comprehensive POS system, comprising essential hardware such as cash registers, barcode scanners, receipt printers, and card readers. The software facilitates the efficient scanning or manual input of product details, calculates the total payment amount, applies discounts or promotional offers, and generates detailed receipts for customers. Furthermore, it aids in generating comprehensive sales reports, analyzing profit margins, monitoring inventory turnover, and tracking other essential performance metrics.
POS Software Market Trends and Drivers:
The global market is experiencing significant growth due to the widespread implementation of POS software in various industries such as clothing boutiques, grocery stores, supermarkets, and hypermarkets. These software solutions efficiently manage sales, monitor inventory, generate receipts, and process payments, leading to improved operations. Additionally, the adoption of POS software in the hospitality sector, including restaurants, hotels, cafes, and quick service restaurants (QSRs), is contributing to market expansion. These establishments utilize POS software to streamline order management, enable tableside ordering, customize menus, facilitate split billing, and integrate with kitchen display systems.
Furthermore, the increasing popularity of contactless payment options has led to a surge in the number of debit and credit card users. This trend positively impacts the market, as businesses seek to accommodate the growing demand for convenient and secure payment methods. Moreover, the introduction of mobile point-of-sale (mPOS) systems equipped with biometric solutions has further bolstered market growth. These innovative solutions enhance convenience and security, providing 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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