Key Highlights
• A PoS system is a technology that is used to handle consumer transactions during the PoS process. It comprises hardware like point-of-sale terminals, barcode scanners, and receipt printers, as well as software systems that manage transactions, data, and business processes. These technologies are used to help organizations make educated decisions by streamlining transactions and providing real-time data. Increasing demand for process automation and cloud-based product and product management systems in retail and distribution drives business expansion. Several market leaders are implementing cloud-based technologies to automate business operations across companies.
• The market size of the worldwide POS System Industry surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• In April 2021 Toast Inc introduced a Quick-Service Restaurant solution. This solution will assist restaurants with all aspects of their operations, including Point of Sale (PoS), digital ordering, operations, and staff management. Additionally, this will assist restaurants in speeding up operations, increasing income, and providing unique guest experiences.
• A PoS system is a technology that is used to handle consumer transactions during the PoS process. It comprises hardware like point-of-sale terminals, barcode scanners, and receipt printers, as well as software systems that manage transactions, data, and business processes. These technologies are used to help organizations make educated decisions by streamlining transactions and providing real-time data. Rising demand in retail and logistics for process automation and cloud-based terminals for inventory and stock management supports market expansion. Several market leaders are implementing cloud-based technologies to automate business operations across companies. As a result of the many firm operating conditions, the need for POS systems with greater functionality and analytics has increased dramatically. These applications help users manage their business workers, clients, payments, and bills more successfully. These applications assist users in effectively managing their inventory, customers, payments, invoices, and personnel. The POS software, which must be installed on a desktop, laptop, notebook, or tablet with the suitable operating system, manages a variety of business operations. The growing popularity of cloud-based solutions has boosted the demand for cloud-based mPOS software. Furthermore, because it is accessible via a web browser or the internet, the web-based POS solution has become popular among small and medium-sized businesses.
Scope of the Industry Profile
Key Players
• Cisco Systems, Inc. (US)
• Equinox Payments LLC (US)
• Ingenico S.A. (France)
• iVeri Payment Technologies (Pty) Ltd (US)
• Micros Systems Inc (US)
• Miura Systems Ltd. (UK)
• NCR Corporation (US)
• Panasonic Corporation (Japan)
• Samsung Electronics Co. (South Korea)
• Newland AIDC (US)
Segmentation
By Product Type
• Terminal
• Mobile/Tablet
• Self-Service Kiosk
• Open-Source
• Multichannel
• Cloud-Based
• Desktop
By Type
• Standalone Card Terminal
• Integrated Terminal
• Cash Drawers
By Application
• Retail & Consumer Goods
• Travel & Hospitality
• Manufacturing
• Media & Entertainment
• Healthcare
• Others
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the POS System market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global POS System market.
3. Leading company profiles reveal details of key POS System market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global POS System market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In September 2022, Nuland Payment Technologies, leader in payment solutions, introduced its SmartPOS series and traditional payment devices at Paris Retail Week 2022. This shows that the company is committed to driving innovation when it joins. Newland offers Android SmartPOS functionality to the French market to ensure that terminals comply with all local payment regulations.
• In August 2022, GK Software will continue to work with the Schwarz Group in the coming years to port its point-of-sale software to the CLOUD4RETAIL open platform. This new platform will be used for one of Europe's largest point-of-sale (POS) systems in the food retail sector.
• In April 2021 Toast Inc introduced a Quick-Service Restaurant solution. This solution will assist restaurants with all aspects of their operations, including Point of Sale (PoS), digital ordering, operations, and staff management. Additionally, this will assist restaurants in speeding up operations, increasing income, and providing unique guest experiences.
Segment Insights
By Product Type
In 2022, the cloud sub-segment held the most market share and is expected to grow at the fastest CAGR throughout the forecast period. One of the primary reasons that businesses choose cloud deployment is its flexibility and scalability. There is no need to purchase or maintain specialized hardware infrastructure with cloud deployment. Furthermore, small and medium-sized businesses who require frequent software updates to support their developing business needs will profit substantially from the cloud deployment option of point-of-sale software in the coming years.
By End-user
In 2022, the retail sub segment dominated the global point of sale software market share. The retail sub-segment is expected to have a dominant market share internationally and to grow at a rapid pace. Small businesses all across the world are increasingly adopting new payment options, fueling retail business growth. Retailers are increasingly embracing mobile and cloud-based POS software, necessitating the integration of web-based and mobile systems. These technologies will provide users with an Omni channel experience.
Regional Insights
North America accounted for a sizable portion of total sales. Furthermore, the increased demand for advanced POS systems among fast growing businesses such as e-commerce retail, the food service industry, and entertainment is likely to boost market expansion throughout the forecast period. In 2022. There are important POS software vendors in the region, as well as considerable demand and adoption for modern integrated POS software. The healthcare sector in the United States is expected to grow at the fastest rate due to the need to modernize hospital facilities related to payment, insurance, and patient management. Accounting for providing patient financial services software, reporting and payment processing. Over the forecast period, Asia Pacific is expected to grow at the quickest CAGR of 14.1%. The region's use of POS terminals is predicted to increase due to significant expansion in the electronic payment industry, boosting the POS software market growth. The desire for cashless payment in retail, restaurant, entertainment, and other businesses is propelling the adoption of POS software in developing nations such as China, India, Indonesia, and Vietnam.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 POS SYSTEM MARKET OVERVIEW, BY
PRODUCT TYPE
6.1 Global Market Revenue & Share Analysis, By Product Type
6.1.1 Terminal
6.1.2 Mobile/Tablet
6.1.3 Self-Service Kiosk
6.1.4 Open-Source
6.1.5 Multichannel
6.1.6 Cloud-Based
6.1.7 Desktop
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 POS SYSTEM MARKET OVERVIEW, BY TYPE
7.1 Global Market Revenue & Share Analysis, By Type
7.1.1 Standalone Card Terminal
7.1.2 Integrated Terminal
7.1.3 Cash Drawers
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 POS SYSTEM MARKET OVERVIEW, BY
APPLICATION
8.1 Global Market Revenue & Share Analysis, By Application
8.1.1 Retail & Consumer Goods
8.1.2 Travel & Hospitality
8.1.3 Manufacturing
8.1.4 Media & Entertainment
8.1.5 Healthcare
8.1.6 Others
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 POS SYSTEM MARKET
OVERVIEW, BY REGION
9.1 Global Market Revenue & Share Analysis, By Region
9.1.1 North America
9.1.2 Europe
9.1.3 Asia Pacific
9.1.4 Middle East & Africa
9.1.5 South America
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 NORTH AMERICA MARKET
ANALYSIS
10.1 North America Market Revenue & Share Analysis, By Product
Type
10.2 North America Market Revenue & Share Analysis, By Type
10.3 North America Market Revenue & Share Analysis, By
Application
10.4 North America Market Revenue & Share Analysis, By Country
10.4.1 US
10.4.2 Canada
10.4.3 Mexico
10.5 Key Takeaways
11 EUROPE MARKET ANALYSIS
11.1 Europe Market Revenue & Share Analysis, By Product Type
11.2 Europe Market Revenue & Share Analysis, By Type
11.3 Europe Market Revenue & Share Analysis, By Application
11.4 Europe Market Revenue & Share Analysis, By Country
11.4.1 UK
11.4.2 Italy
11.4.3 Spain
11.4.4 Germany
11.4.5 France
11.4.6 Rest of Europe
11.5 Key Takeaways
12 ASIA PACIFIC MARKET ANALYSIS
12.1 APAC Market Revenue & Share Analysis, By Product Type
12.2 APAC Market Revenue & Share Analysis, By Type
12.3 APAC Market Revenue & Share Analysis, By Application
12.4 APAC Market Revenue & Share Analysis, By Country
12.4.1 China
12.4.2 Japan
12.4.3 India
12.4.4 South Korea
12.4.5 Rest of APAC
12.5 Key Takeaways
13 MIDDLE EAST & AFRICA MARKET
ANALYSIS
13.1 MEA Market Revenue & Share Analysis, By Product Type
13.2 MEA Market Revenue & Share Analysis, By Type
13.3 MEA Market Revenue & Share Analysis, By Application
13.4 MEA Market Revenue & Share Analysis, By Country
13.4.1 GCC
13.4.2 South Africa
13.4.3 Rest of MEA
13.5 Key Takeaways
14 SOUTH AMERICA MARKET ANALYSIS
14.1 SA Market Revenue & Share Analysis, By Product Type
14.2 SA Market Revenue & Share Analysis, By Type
14.3 SA Market Revenue & Share Analysis, By Application
14.4 SA Market Revenue & Share Analysis, By Country
14.4.1 Brazil
14.4.2 Argentina
14.4.3 Rest of SA
14.5 Key Takeaways
15 COMPETITIVE SCENARIO
15.1 Overview
15.2 Key Players Market Share Analysis
15.3 Recent Developments & Product Launches
15.4 Mergers & Acquisitions
15.5 Partnerships, Agreements & Collaborations
16 COMPANY PROFILES
16.1 Overview
16.2 Key players
16.2.1 Cisco Systems, Inc. (US)
16.2.1.1 Business Overview
16.2.1.2 Applications Offered
16.2.1.3 Financial Insights
16.2.1.4 Strategic Developments
16.2.1.4.1 New Product Launches
16.2.1.4.2 Agreements & Collaborations
16.2.1.5 Business Aspects (NOISE Analysis)
16.2.1.5.1 Key Strengths
16.2.1.5.2 Opportunities
16.2.1.5.3 Weaknesses & Competitive Threats
16.2.1.5.4 Needs & Improvements
16.2.2 Equinox Payments LLC (US)
16.2.3 Ingenico S.A. (France)
16.2.4 iVeri Payment Technologies (Pty) Ltd (US)
16.2.5 Micros Systems Inc (US)
16.2.6 Miura Systems Ltd. (UK)
16.2.7 NCR Corporation (US)
16.2.8 Panasonic Corporation (Japan)
16.2.9 Samsung Electronics Co. (South Korea)
16.2.10 Newland AIDC (US)
17 DISCLAIMER
18 APPENDIX
