About POS Software
The Point of Sale (POS) or Point of Purchase (POP) Software is mainly referred to as the time or place where the product or services transaction is completed. It is a point, where the merchant calculates the value owned for money and may prepare the invoice for the same. It can also help it selecting the payment modes. The devices used for POS transactions can be weighing scales, cash registers, and barcode scanners. The point of sale software can also be named as a point of service because it can also be used where it may also be customer order or point of return.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
The Players having a strong hold in the market are Realtime POS, Inc., Heartland Payment Systems, Keystroke Holdings, Shopify. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global POS Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Realtime POS, Inc. (United States), Heartland Payment Systems (United States), Keystroke Holdings (South Africa), Shopify (Canada), POS Solutions Pvt. Ltd. (India), Vend (New Zealand), Today Software Ltd (New Zealand), Square, Inc. (United States), Data Systems Inc. (Canada) and Alexandria Computers (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are POSitive (United States), Primaseller (United States), Comcash (United States), POSsible (United States), Rance Computer Pvt. Ltd. (India), Erply (United States), Hyper Drive Information Technologies Pvt. Ltd. (United States), Idealpos (Australia) and GAP Solutions Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global POS Software market by Type (DOS System, Linux System, UNIX System and Windows System), Application (Hotel, Retail, Entertainment, Health Care, Warehouse and Other) and Region.
On the basis of geography, the market of POS 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Platform, the sub-segment i.e. Android will boost the POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Tablet or Mobile Payment Enabled POS Systems, Data and Analytics Provision and Cloud Based POS Software
Market Growth Drivers:
Makes better Customer Relationship Management (CRM), Simplifies the Accounting Processes and Eliminates Human Errors and Saves Money on Long Term
Challenges:
Problems Caused By Hardware, Inaccurate Reporting and Mobile Compatibility
Restraints:
Security Risks, Prerequisites like Reliable Internet Connections and Costly Software Upgrades
Opportunities:
Personalized Customer Shopping Experience using POS Software, AI enabled POS Software and Point of Service POS Software
On April 25, 2016, Global Payments Inc., which is leading provider of payment technology services globally has announced that it has completed a merger with Heartland Payment Systems, Inc. The merged company named Global Payments Inc. has around 8500 employees worldwide which provides leading payments solutions to millions of merchants globally.
Casio has invested millions of dollars in developing and introducing a new android POS terminal for the retail and hospitality industry, which will significantly reflect that number of prominent players will cause a major disruption in the overall POS industry share. In addition to this, Lexus and Toyota Financial Services have launched an in-house electronic POS system named NGage. According to industry experts, this POS system developed by Toyota will be one of the substantial factors influencing the growth of POS software industry.
Key Target Audience
POS Software Providers, POS Software Distributors and Traders, POS Terminal Manufacturers, Other Software Organizations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.