Tuesday, 27 July 2021 04:14 GMT

Point of Sale Software Market Size, Growth, Technology Features, Analysis by 2030 and Top key players


(MENAFN - America News Hour)Global Point of Sale Software Market  valued approximately USD 14.58 billion in 2018 is anticipated to grow with a healthy growth rate of more than 13.25% over the forecast period 2019-2026. A point of Sale (POS) software is used to implement the functions associated with acceptance, processing, storage and transmission of sensitive card data. The software usually works as a cash register that keeps the sales record and allow users to quickly view the sales report as the data is stored in the software on a consistent basis. The market for Point of Sale Software is developing and expanding at a significant pace.

The growth of the market is primarily driven owing to fast remittance, extensive utility of credit and debit cards for transactions and ease of payment process considering the global scenario. Additionally, escalating adoption of smartphones across the world is further propelling the growth of the market. Moreover, initiatives taken by governments in emerging countries to encourage the acceptance of technology in numerous services such as government services and public transport are anticipated to fuel the market growth in the near future. However, concerns associated with the data security are expected to hamper the market growth.

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In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.

As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.

The regional analysis of Point of Sale Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In region such as Asia-Pacific, Middle-East and Africa, rise in usage of passenger vehicles set the growth in Point of Sale Software Market over the forecasted period 2019-2026. Asia-Pacific is estimated to hold a prominent share of the Point of Sale Software market. Developing countries, such as India and China, are significant players boosting the demand for the Point of Sale Software Market. Europe, North America and the Middle East and Africa are continuously witnessing infrastructural growth which fueling the demand of Point of Sale Software Market over the coming years. Asia Pacific region is contributing towards the growth of global Point of Sale Software Market and anticipated to exhibit higher growth rate / CAGR over the forecast period 2019-2026.

The leading Market players mainly include-
Square
Shopify
iPaymentPOS
PayPal
Xiaomi
uAccept

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: 

By Organization Type:

Large Enterprises
Small & Medium Enterprises

By Vertical:

Retail
Hospitality
Healthcare
Warehouse
Government
Education
Field Service
Restaurant
Others 

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026

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Target Audience of the Point of Sale Software Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

TABLE OF CONTENTS

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Key Trends
1.3. Global & Segmental Market Estimates & Forecasts, 2016-2026 (USD Billion)
1.3.1. Point of Sale Software Market, by Organization Type, 2016-2026 (USD Billion)
1.3.2. Point of Sale Software Market, by Vertical, 2016-2026 (USD Billion)
1.3.3. Point of Sale Software Market, by Region, 2016-2026 (USD Billion)
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Point of Sale Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Point of Sale Software Market Dynamics
3.1. See Saw Analysis
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Point of Sale Software Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Buyers
4.1.2. Bargaining Power of Suppliers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.2. PEST Analysis
4.2.1. Political Scenario
4.2.2. Economic Scenario
4.2.3. Social Scenario
4.2.4. Technological Scenario
4.3. Key Buying Criteria
4.4. Regulatory Framework
4.5. Investment Vs Adoption Scenario
4.6. Analyst Recommendation & Conclusion
Chapter 5. Global Point of Sale Software Market, by Organization Type
5.1. Market Snapshot
5.2. Market Performance – Potential Model
5.3. Point of Sale Software Market, Sub Segment Analysis
5.3.1. Large Enterprises
5.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
5.3.2. Small and Medium Enterprises
5.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
5.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
Chapter 6. Global Point of Sale Software Market, by Vertical
6.1. Market Snapshot
6.2. Market Performance – Potential Model
6.3. Point of Sale Software Market, Sub Segment Analysis
6.3.1. Retail
6.3.1.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.1.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.2. Hospitality
6.3.2.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.2.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.3. Healthcare
6.3.3.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.3.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.4. Warehouse
6.3.4.1. Market estimates & forecasts, 2016-2026 (USD Billion)
6.3.4.2. Regional breakdown estimates & forecasts, 2016-2026 (USD Billion)
6.3.5. Government

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Steven John

Steven is working as a news editor with America News Hour. He started his career as a freelance news writer in 2012 and has helped people in all aspects of online marketing through the expert industry coverage. In addition to writing content as a freelancer, he is also an expert in business, lifestyle, politics, sports and tech & science news. His articles are now featured on the overwhelming news website and channels such as MarketWatch, Routers etc.

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