Point-of-Sale Software Market Expected to Reach USD 13.7 Billion by 2031|Top Players such as - Agilysys, Ingenico and Intuit

According to the report published by Allied Market Research "The Point-of-Sale Software Market Expected to Reach USD 13.7 Billion by 2031|Top Players such as - Agilysys, Ingenico and Intuit." These players have adopted different strategies such as new product launches collaborations expansion joint ventures agreements and others to increase their market share and maintain dominant shares in different regions.

Point of sale software market is experiencing huge demand from restaurants, hospitality, drug stores, automotive shops, and other sectors. POS software has gained in-roads in numerous areas thanks to its capacity to offer unique and sophisticated analytical functionalities. These terminals or systems supported by robust software capabilities assist company operators to smooth their day-to-day business operations while enabling them to focus on their primary business activities. Growing demand for tailored-made point of sale software solutions from various check-out systems from different industry verticals is anticipated to boost the point-of-sale software market share in the upcoming years.

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The global point of sale software market is segmented based on application, deployment mode, enterprise size, end user, and region. By application, the market is sub-segmented into fixed POS and mobile POS. By deployment mode, the market is sub-segmented into cloud and on-premises. By enterprise size, the market is sub-segmented into small & medium-sized enterprises (SMEs) and large enterprises. By end user, the market is classified into restaurants, retail, hospitality, healthcare, media & entertainment, and others.

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By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The key players profiled in the point-of-sale software market report include NCR Corporation, Revel Systems, Oracle, Agilysys Inc., Clover Network Inc., Diebold Nixdorf Incorporated, Epicor Software Corporation, Ingenico Group, Intuit Inc., SAP SE.

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COVID-19 Scenario:

● The COVID-19 pandemic badly affected various business sectors including retail, restaurant, transport, and amusement, consequently impacting the productivity of retail businesses. The contactless payment options have proved to be a boon for retailers and other merchants for faster and more secure transactions.

● The epidemic has transformed business dynamics to a large extent. Various small and medium-sized enterprises have now adopted point of sale software solutions to a large extent to retain their existing customers as well as to attract new customers.

● The point-of-sale software has experienced a significant boost during the pandemic by analyzing the growing demand for POS solutions across the globe.

● Many point-of-sale software providers have upgraded their solutions for retailers to enable secure and faster checkouts. The cash transactions during the pandemic were reduced significantly owing to the spread of COVID-19 virus. Owing to this, the point-of-sale software market forecast growth is estimated to be higher post-pandemic.

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