About Retail POS Software
Retail POS software helps retailers in providing a user-friendly interface to offer a better retail experience. The software allows the retailer to manage the daily business operation with the utmost efficiency and effectiveness. It also provides accurate insight and analytics avoiding the paperwork and hence reducing human errors. It can be operated on mobile and desktop both with equal ease along with delivering the transaction updates and customer feedbacks and other notifications.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
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.
Vend Limited (New Zealand), Epos Now (United Kingdom), ShopKeep (United States), TRUNO (United States), Lightspeed (Canada), Revel Systems (United States), Crimson Solutions, LLC (POS Nation) (United States), Square, Inc. (United States), Verifone (United States), NCR Corporation (United States), Heartland Payment Systems (United States), Cegid (France) and AccuPOS (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Retail POS Software market by , Application (Supermarkets/Hypermarkets, Retail Stores, Specialty Stores and Other) and Region.
On the basis of geography, the market of Retail 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). If we see Market by Platform, the sub-segment i.e. Windows will boost the Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. Restaurants will boost the Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Device, the sub-segment i.e. PC will boost the Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premise will boost the Retail POS Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of Retail POS Software in the Mobile and Technological Advancement in the Retail POS Software
Market Growth Drivers:
Demand for the Automation in the Retail Operations and Need for Efficient and Effective Transactions
Challenges:
Technical Troubleshooting Problems Associate with Retail POS Software
Restraints:
Privacy Related Issues with the Retail POS Software
Opportunities:
Rising Retail Industry will Boost the Retail POS Software and Changing Customer Need and Requirements in the Retail Experience
Market Leaders and their expansionary development strategies
On 19th November 2019, NCR Corporation announced it has acquired POS Solutions, the leading point-of-sale and restaurant solutions provider in central Texas. This is the fourth local office acquisition NCR has made in the Lone Star State. It further expands the reach of NCR’s restaurant technology – which is trusted by more than 100,000 restaurants around the world.
On 27th September 2019, Retail technology solutions firm Truno has signed an acquisition agreement to purchase US-headquartered retail hardware and software provider Radius Solutions. The deal is part of the company’s efforts to expand its business as a technology partner to retailers in the country. Truno completed ten acquisitions over the past ten years to expand its business into new geographic regions and add new talent to its team.
Key Target Audience
Retail POS Software Developers, Retail POS Software Industry Association, Research and Development Institutes, Regulatory Bodies, Potential Investors 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.