U.K. Point of Sale Software Market Application, End User, Region, Size, Share, Trends, Demand, Growth Rate and Forecasts To 2031

The U.K. Point of Sale Software Market study report provides an inclusive breakdown of the U.K. Point of Sale Software Market size across the world as regional and national level market size evaluation, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales examination of the financiers. Along with that, the report clarifies the foremost challenges and risks to face in the forecast period. This U.K. Point of Sale Software Market research report gives a helpful view regarding the economic outlook of the international market. It comprises a detailed picture of the segment demonstration of the key universal players working in the market. The research analysis also prepares historical record with profits expectations during the estimated period and, the business producing of the prominent industrialists are also underlined with methodological records in the report.

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Key companies profiled Diebold Nixdorf (US), Ingenico (France), Intuit (US), NCR Corporation (US), SAP (Germany), Verifone (US), PAX Technology (Hong Kong), Square (US), Shopify (Canada), NEC Corporation (Japan), Toshiba Tec Corporation (Japan), Epicor (US), Lightspeed (Canada), Clover (US), Elavon (US), and Other Prominent Players

U.K. Point of Sale Software Market to surpass USD 62.64 billion by 2031 from USD 17.88 billion in 2021 at a CAGR of 13.36% in the coming years, i.e., 2021-31.

Product Overview
A POS market system enables the business to receive payments from customers and keep track of sales. It sounds simple, but the arrangement can work in different ways, depending on whether you sell online, have a physical storefront, or both. A point-of-sale system can be referred to as the cash register at a store.

Market Highlights
Global U.K. Point of Sale Software market is expected to project a notable CAGR of 13.36% in 2031.

Global U.K. Point of Sale Software to surpass USD 62.64 billion by 2031 from USD 17.88 billion in 2021 at a CAGR of 13.36% in the coming years, i.e., 2021-31. The demand for Point-Of-Sale (POS) software can be attributed to the increase in a cashless economy, demand for mobile POS terminals, and the rising number of payment applications. The U.K. is rapidly affecting a cashless economy, advanced by the COVID-19 pandemic. This is anticipated to surge the application of payment wallets and budget-friendly mPOS terminals, favoring the market growth.

U.K. Point of Sale Software: Segments
Mobile POS segment to grow with the highest CAGR during 2021-31

U.K. Point of Sale Software market is classified on the basis of Application into Fixed POS, Mobile POS. The mPOS terminals segment is anticipated to expand at the highest CAGR of over 10% during the forecast years. The low cost of connection and portability is contributing to the growing demand for mPOS terminals. The rise in the implementation of mPOS terminals amid the COVID-19 pandemic has resulted in the rapidly rising demand for compatible POS software across industries.

Grocery stores segment to grow with the highest CAGR during 2021-31

Based on End-user, global U.K. Point of Sale Software Market fragmented into Grocery Stores, Specialty Stores, Gas Stations. Grocery stores have some huge competition and large chain supermarkets use technology to make their jobs easier. A POS system assists achieve the grocery stores and make checkouts quicker. The grocery store software will aid in better organizing the business and meeting customer expectations.

Market Dynamics
Drivers

The growing interest in non-cash transactions among consumers

Some of the key advantages of going cashless that are fascinating more consumers include safety, growth on saved funds in accounts, improved money management, and elasticity. The capability to make different types of digital payments through banking cards is allowing consumers to choose cashless payment modes. Users can store their card data in digital payment apps or mobile wallets to mark cashless payments. With the rising concerns over the safety of handling cash transactions owing to the COVID-19 pandemic, merchants, as well as consumers, are relying on contact-less payment modes to avoid the risk of getting infected.

The growing interest in POS solutions among small businesses

Small businesses are implementing POS systems to get advantages from the host of benefits related with them. Effective POS systems allow business owners to decrease time spent on business/store administration by offering relevant reports to assist speed-up decision-making, in a timely fashion. The efficient POS systems also help in growing store profitability through effective inventory management. Solutions also enable targeted and personalized marketing campaigns through customer data acquired during sales transactions. As small businesses struggle with management capital expenses, reports produced from POS data can deliver a bird’s eye view of the business operations to determine the efficiency of different departments.

Restraint
Data security concerns

Retail POS systems are inclined to security vulnerabilities, such as device faults, skimming, phishing, and software and network weakness. Due to the unsecured networks, hackers can easily penetrate the infrastructure and access valuable records, such as business account data and customer credit card details. Even if the network is well-protected, devices need to be secured too. Hence, selecting technology products with inherent security measures is critical when deploying POS devices. With more advanced technologies being deployed and the growing integrations between the enterprise system, there is a significant rise in threats, such as data thefts and cyberattacks.

U.K. Point of Sale Software report also contains analysis on:
U.K. Point of Sale Software Segments:

By Application
Fixed POS
Mobile POS
By End User
Grocery Stores
Specialty Stores
Gas Stations
U.K. Point of Sale Software Dynamics
U.K. Point of Sale Software Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
U.K. Point of Sale Software Market Report Scope and Segmentation
Report Attribute Details
Market size value in 2021 USD 17.88 billion
Revenue forecast in 2031 USD 62.64 billion
Growth Rate CAGR of 13.36% from 2021 to 2031
Base year for estimation 2020
Quantitative units Revenue in USD million and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered End-user, Application and Region
Regional scope U.K.

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Table of Contents

1. Executive Summary
2. U.K. Point of Sale Software Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. U.K. Point of Sale Software Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. U.K. Point of Sale Software Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. U.K. Point of Sale Software Market: Market Segmentation
12.1. By Application: Market Share (2020-2030F)
12.1.1. Fixed POS, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Mobile POS, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By End-user: Market Share (2020-2030F)
12.2.1. Grocery Stores, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Specialty Stores, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Gas Station, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile

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