Point Of Sale (POS) Software Global Market Report 2024 - By Share, Size, Growth, Trends, Forecast To 2033

"The new report published by The Business Research Company, titled Point Of Sale (POS) Software Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the point of sale (POS) software market size has grown rapidly in recent years. It will grow from $11.83 billion in 2023 to $13.09 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The point of sale (POS) software market size is expected to see rapid growth in the next few years. It will grow to $19.85 billion in 2028 at a compound annual growth rate (CAGR) of 11.0%.

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The Impact Of Retail And E-commerce Growth On The POS Software Market
The rise in the retail and e-commerce sectors is expected to propel the growth of the point of sale (POS) software market going forward. The retail and e-commerce sectors refer to businesses that sell goods and services directly to consumers through physical stores or online platforms, facilitating transactions and the distribution of products. The retail and e-commerce industries are booming due to the expansion of digital marketplaces, the shift in consumer behavior, and digital transformation. Point-of-sale (POS) software is essential for increasing customer happiness, streamlining operations, and fostering growth in the retail and e-commerce industries. For instance, in February 2024, according to the United States Census Bureau, a US-based government agency, total retail sales for 2023 experienced a 2.1% increase compared to the previous year. Furthermore, according to the International Trade Administration, an agency in the United States Department of Commerce, e-commerce sales in Canada are expected to jump to $40.3 billion by 2025 from $2.34 billion in March 2022. Therefore, the rise in the retail and e-commerce sectors is driving the growth of the POS software market.

NCR Aloha Cloud Offering Advanced Features And Analytics
Major companies operating in the point of sale (POS) software market are developing cloud-based POS systems such as NCR Aloha Cloud to serve customers with better-advanced features. NCR Aloha Cloud is a cloud-based POS (Point of Sale) system that provides a modern, user-friendly experience that helps operators run their restaurants. For instance, in May 2022, NCR Voyix Corporation, a US-based software development company, introduced NCR Aloha Cloud, a cloud-based restaurant POS system. The system features next-day deposit financing, the smallest portable gadget, simple payment processing, and a new user interface. The system also offers data and analytics capabilities, providing valuable insights for informed decision-making. With secure payment processing, offline mode, native loyalty, email marketing, and 24/7 support, the Aloha Cloud system stands out as a comprehensive solution tailored to meet the needs of the restaurant industry effectively and efficiently.

The point of sale (POS) software market covered in this report is segmented -
1) By Component: Software, Services
2) By Deployment: On-Cloud, On-Premises
3) By Application: Inventory Tracking, Sales Reporting, Purchasing Management, Customer Engagement
4) By End-User: Retail, Healthcare, Government Sector, Media And Entertainment, Warehouses, Hospitality, Other End-Users

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Major companies operating in the point of sale (POS) software market are Samsung Electronics Co. Ltd., Panasonic Corporation, Oracle Corporation, SAP SE, Fujitsu Ltd., Toshiba Corporation, NEC Corporation, Mastercard Inc., Fiserv Inc., Block Inc., NCR Corporation, Shopify LLC, Diebold Nixdorf Inc., Toast Inc., Epicor Software Corporation, Ingenico SA, Clover Network Inc., Lightspeed Commerce, VeriFone Inc., VeriFone System Inc., Aptos LLC, PAX Technology, GK Software SE, Revel Systems, Blaze Solutions Inc., Qashier PTE Ltd., Ideal POS Ltd.

Contents of the report:
1. Executive Summary
2. Point Of Sale (POS) Software Market Report Structure
3. Point Of Sale (POS) Software Market Trends And Strategies
4. Point Of Sale (POS) Software Market - Macro Economic Scenario
5. Point Of Sale (POS) Software Market Size And Growth
…..
27. Point Of Sale (POS) Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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