Point-of-Sale Software Market Reach to USD 13.7 Billion by 2031 | What Are the Key Trends in the POS Software Market?

According to the report published by Allied Market Research "The Point-of-Sale Software Market Reach to USD 13.7 Billion by 2031 | Top Players such as - Revel Systems, Clover Network and Epicor Software." 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.

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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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.

By deployment mode, the cloud sub-segment held the highest market share in 2021 and it is anticipated to grow at the fastest CAGR during the forecast period. One of the key reasons that companies opt for cloud deployment is its flexibility and scalability. With cloud deployment, there is no need to buy or maintain specific hardware infrastructure. Additionally, the small and medium-sized organizations that require rapid software updates to support the expanding business requirements can benefit greatly from the cloud deployment mode of point of sale software in the upcoming years.

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By application, the market is sub-segmented into fixed POS and mobile POS. The mobile POS sub-segment is anticipated to show the fastest growth during the forecast period. Mobile POS provides numerous opportunities and tailored services. For instance, the mobile POS can be deployed with the current payment infrastructure which increases customer interactions and improves business efficiency. Additionally, mobile POS facilitates a safe transaction environment. It offers flexible card payment options to new merchant areas such as on-the-go merchants, home delivery merchants, and direct sellers, which deploys the current payment infrastructure.

By enterprise size, the large enterprise sub-segment is expected to show the fastest growth during the forecast period. This is because the point of sale software offers greater flexibility to large enterprises to manage their transactions and critical business aspects. Point of sale software helps large enterprises in streamlining their business processes efficiently facilitating a faster checkout time. Also, the growing demand for customized point of sale software solutions by major businesses globally to manage their company operations and cash flows is anticipated to offer excellent growth opportunities during the analysis timeframe.

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By end user, the retail sub-segment dominated the global point of sale software market share in 2021. the retail sub-segment is predicted to have a dominating market share globally and is estimated to grow at a significant pace. Small retailers throughout the globe are increasingly adopting new payment solutions, which is driving retail business growth. Retailers are progressively adapting mobile and cloud-based POS software technologies, which is necessitating the integration of web-based and mobile platforms. Such technologies will offer an omnichannel experience to the users.

By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Additionally, the presence of technology giants is facilitating the integration of cloud-based point of sale software to ease payment transactions. The initiatives such as Digital India, launched by the Indian government in 2015, is boosting the online infrastructure and related platforms including point of sale software to digitally empower the country. The expansion of the e-commerce sector in this region with the presence of international as well as local players is predicted to boost the point of sale software market opportunities in this region.

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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.

➢ NCR Corporation
➢ Revel Systems
➢ Oracle
➢ Agilysys
➢ Clover Network Inc.
➢ Diebold Nixdorf Incorporated
➢ Epicor Software Corporation
➢ Ingenico Group
➢ Intuit Inc.
➢ SAP SE.

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