Point of Sale Software Market, By Deployment Mode (Cloud and On-premise), Organization Size (Large E

Published Date: June 2020 | Report Code : IT2068270

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Point of Sale Software Market, By Deployment Mode (Cloud and On-premise), Organization Size (Large Enterprise and Small and Medium Enterprise (SME)), Application (Fixed POS and Mobile POS), End User (Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others), And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Market Size & Forecasting to 2028

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Report Code : IT2068270

Status : Published June 2020

The global Point Of Sale Software Market size is expected to reach at USD 25.17 billion in 2028 and is anticipated to grow at a CAGR of 11.33% during the forecast period. Point of sale software allows vendors to accept card payments with the combination of different hardware and software.

Key Factors Impacting the Growth of Global Point of Sale Software Market:

  • High demand for robust and cost-effective POS solutions
  • Increasing complexities in business operation scenarios
  • Extraordinary demand for contactless payments
  • High demand for advanced features such as inventory tracking, sales monitoring, employee management analytics, and other digital functions

Though, complications in developing point of sales software in order to meet the multi-channel requirement is expected to hinder the growth of the global point of sale software market during the forecast period.

The point of sale software market segmentation is based on deployment mode, organization size, application, end user, and region.

Deployment Mode Outlook:

On the basis of deployment mode, the global point of sale software market is separated into cloud and on premise. The on premise deployment mode segment with higher adoption rate of on premise deployment mode by the large enterprises held the largest market share in 2019. Moreover, it is expected that the cloud segment is account for the highest growth rate owing increase in cost-effective developments.

Application Outlook:

On the basis of application, the global point of sale software market is separated into fixed POS and mobile POS. The high demand for fix POS from brick-and-mortar restaurants and retail stores is the major reason behind this segment holding highest market share in 2019 in the global market.

Organization Size Outlook:

On the basis of organization size the global point of sale software market is bifurcated into large enterprise and small and medium enterprise (SME). The large enterprises segment held the largest market share with increase in rapid demand for customized POS software solutions from large enterprises to manage the cash flows and business operations.

End-user Outlook:

On the basis of end-user, the point of sale software market has been segmented into restaurants, hospitality, healthcare, retail, warehouse, entertainment, and others. The increase in demand for POS software from retail end-user, resulted in retail segment holding the largest market share in 2019.

Regional Outlook:

The regional analysis of the global point of sale software market includes segmentation by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Demand and adoption for advanced integrated systems and increasing need for improving facilities in hospitals related to payment, insurance, and management of patients is expected to result in North America region maintaining the dominance in the early period of the forecast period in global point of sale software market.

Heavy investments and government initiatives for digitalization combined with the high adoption rate of non-cash payment mode in major countries are the reasons behind Asia Pacific region being the highest growing region in 2019.

The report analyzes factors affecting the point of sale software market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the Point of sale software market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

Major companies are focusing on investing large amounts in R&D activities and focused on partnership & collaborations, new service launches, and product developments, to enhance their offerings and expand customer base to make their presence felt in the point of sale software market. Key companies operating in the market includes Samsung Electronics Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd.,  AURES Group, BBPOS Limited, Bematech SA, Bitel Co., Ltd., Castles Technology, Co. Ltd., Ingenico Group, Micros Systems, Inc., NCR Corporation, NEC Corporation, New POS Technology Limited, Cisco Systems, Inc., Diebold Nixdorf, Incorporated, Fujian Newland Payment Technology Co., Ltd., Panasonic Corporation, PAR Technology Corporation, PAX Technology, Posiflex Technology, Inc., Square, Inc., Squirrel Systems, Hewlett-Packard, Toshiba Corporation, Touch Dynamic Inc., and VeriFone Systems Inc. among others.

This report also includes the profiles of key point of sale software market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Point of Sale Software Market:

  • In 2019, Restaurant Manager LLC developed and commercially introduced Due, hybrid cloud POS solution. The duet is low-cost solution with dominant management and reporting tools along with robust operational functionality for restaurants.
  • In 2017, NEC Corporation announced partnered with 7-Eleven Inc., a Japanese and American international chain of convenience stores, with the aim to deliver its POS devices to 8,600 stores throughout the U.S. and Canada.

What Does This Report Provide?

This report provides a detailed understanding of the global point of sale software market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Deployment Mode

  • Cloud
  • On-premise

By Organization Size

  • Large Enterprise
  • Small and Medium Enterprise (SME)

By Application

  • Fixed POS
  • Mobile POS

 By End-user

  • Restaurants
  • Hospitality
  • Healthcare
  • Retail
  • Warehouse
  • Entertainment
  • Others

By Region:

  • North America Point Of Sale Software Market
    • By Country (US, Canada, Mexico)
    • By Deployment Mode
    • By Organization Size
    • By Application
    • By End-user
  • Europe Point Of Sale Software Market
    • By Country (Germany, Russia, UK, France, Italy, Spain, Rest of Europe)
    • By Deployment Mode
    • By Organization Size
    • By Application
    • By End-user
  • Asia Pacific Point Of Sale Software Market
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Deployment Mode
    • By Organization Size
    • By Application
    • By End-user
  • Middle East & Africa Point Of Sale Software Market
    • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
    • By Deployment Mode
    • By Organization Size
    • By Application
    • By End-user
  • South America Point Of Sale Software Market
    • By Country (Brazil, Argentina, Colombia, Rest of South America)
    • By Deployment Mode
    • By Organization Size
    • By Application
    • By End-user

Reasons to Buy This Report:

  • Market size estimation of the point of sale software market on a regional and global basis
  • Unique research Usage for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

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