Point of Sale Software Market Scope
Point of sale software automates the capture of financial and sales transactions. The growing need to carry out cashless transactions, inventory records, keep track of sales, and improve sales strategy using analytics across retail chains, automotive shops, restaurants, hospitality, drug stores, etc. are driving the demand for point of sale (POS) software. Increasing demand for advanced features such as employee management analytics, sales monitoring, customer data management, reporting, and inventory tracking are projected to boost the adoption of POS software across various industries in the forecast period.
According to AMA, the Global Point of Sale Software market is expected to see growth rate of 10.78%The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that European and United States Players will contribute to the maximum growth of Global Point of Sale Software market throughout the predicted period.
Ingenico Group (France), Hewlett-Packard Inc. (United States), Cisco Systems, Inc. (United States), Panasonic Corporation (Japan), VeriFone Systems, Inc. (United States), PAX Technology (China), Toshiba Corporation (Japan), Samsung Electronics, Co., Ltd. (South Korea), Agilysys, Inc. (United States) and Pulsar Technologies (Italy) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Xiamen Rongta Technology (China), Clover Network, Inc. (United States), Diebold Nixdorf (United States) and Epicor Software Corporation (United States).
Segmentation Overview
The study have segmented the market of Global Point of Sale Software market by Type (Fixed POS Terminal and Wireless and Mobile POS Terminal) and Region with country level break-up.
On the basis of geography, the market of Point of Sale Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Data and Analytics Provision and Adaption of Cloud-Based POS Software
Market Growth Drivers:
Makes better Customer Relationship Management (CRM), Simplifies the Accounting Processes and Eliminates the Human Errors and Saves Money on Long Term
Challenges:
Problems Caused By Hardware and Inaccurate Reporting and Mobile Compatibility
Restraints:
Prerequisites like Reliable Internet Connections and Costly Software Upgrades
Opportunities:
Personalized Customer Shopping Experience using POS Software and AI-enabled POS Software
On 18th September 2020, Ingenico Group the global leader in seamless payments has announced that it has successfully launched in Taiwan its latest AECR C9 Android solution into major local retail stores such as Far Eastern Department Stores, the only publicly listed department store chain in Taiwan, and Q Square Fashion Plaza (Jing-Jan) near Taipei station.
Key Target Audience
Point of Sale Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.