(MENAFN- Comserve)
Shibuya-ku, Tokyo, Japan, Japan, May 16, 2022, 00:47 /Comserve / -- Global Fuel and Convenience Store POS Market is anticipated to grow at a 24.9% CAGR during the review period. Many companies are now evolving software and apps to provide ease in transactions to the customers.
With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
Global Fuel and Convenience Store POS Market is anticipated to grow at a 24.9% CAGR during the review period. Many companies are now evolving software and apps to provide ease in transactions to the customers. Some of the prominent service providers, such as ShopKeep and ERPLY, aim to offer advanced solutions that are easily deployed on diversified hardware platforms.
Additionally, The ERPLY has developed the POS system, compatible with tablets, iPods, smartphones, and PCs, and offers combined solutions with customer relationship management (CRM) and enterprise resource planning (ERP). The increasing preference of Customers for non-cash transactions along with the growing adoption of in-store mobile payments, thereby augmenting the requirement for cloud POS solutions across fuel stations' convenience stores.
Download Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Fuel and Convenience Store POS Market||Industry Analysis Insights, Future Growth, New Trends, and Forecast-2026
The Global Fuel and Convenience Store POS Market is expected to register a substantial market owing to the simplified business operations and rise in employee productivity, operational efficiency, and customer satisfaction. Additionally, fuel retailers are preferring cloud-based payment systems that are compatible with EMV technologies due to the increased emergence of contactless cards/payments in the market.
Market Segmentation
Global Fuel and Convenience Store POS Market has been classified based on Component, Application, and End-Use.
Depending on the component, the fuel and convenience store POS market has been segmented into software and services. The services segment is further classified into professional services and managed services. The software segment has been further classified into fixed/traditional/legacy POS, mobile POS, and cloud POS.
By application segment, the global fuel and convenience store POS market has been classified into inventory management, cash management, operations management, reporting and analytics, and others. In terms of end-use, fuel, and convenience store POS market has been divided into fuel stations and convenience stores.
Regional Analysis
Geographically, the global fuel and convenience store POS market has been segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America.
North America is likely to contribute to the largest markets for fuel and convenience store POS during the forecast period. The regional market is attributed to the rising digitalization, technological advancements, and the increasing number of fuel and convenience stores.
Furthermore, Fuel and convenience store POS software helps store managers manage inventory and cash management and efficiently run the fuel station and store operations is expected to surge the demand for store POS software in the region. The adoption of fuel and convenience store POS solutions has increased due to the higher emergence of technology across the region and the existence of large multinational as well as local companies. The US leads the regional market, whereas Canada is anticipated to register a high growth rate in the coming future.
Fill This Form and get the Sample Copy of This Report:
The Final Report will cover the impact analysis of COVID-19 on this industry: Global Fuel and Convenience Store POS Market||Industry Analysis Insights, Future Growth, New Trends, and Forecast-2031
Major Players
The prominent players of the global fuel and convenience store POS market include Fujitsu (Japan), LS Retail (Iceland), VeriFone(US), Diebold (US), NCR (US), PDI, Orpak Systems Ltd (Israel), DCR (US), The Pinnacle Corporation (US), Petrosoft LLC (US), and Bridge POS (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
MENAFN16052022004694010674ID1104217503
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.