Press release
Point Of Sale (POS) Software Market Size Projected To Reach $22 Billion By 2034 With A Cagr Of 10.9%
Point Of Sale (POS) Software Market
What Is the Projected Growth of the Point Of Sale (POS) Software Market?
The point of sale (POS) software market, which was valued at $13.09 billion in 2024, is expected to increase to $14.54 billion in 2025, growing at a CAGR of 11.1%. This growth has been fueled by the early adoption of smartphones, limited access to traditional POS systems, the emergence of cloud-based solutions, government initiatives promoting cashless transactions, and the rise of app stores and mobile payment apps.
The point of sale (POS) software market is projected to experience rapid growth, reaching $22 billion in 2029 at a CAGR of 10.9%. Factors driving this growth include the growing popularity of biometric authentication, the focus on sustainability, blockchain technology, and the rise of on-demand delivery services. Major trends in this period include AI-driven personalization, convergence with social commerce, AR integration, voice-activated payments, and an emphasis on employee experience.
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What Are the Different Point Of Sale (POS) Software Market Segments?
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
Subsegments:
1) By Software: Transaction Management Software, Inventory Management Software, Customer Relationship Management (CRM) Software, Sales Reporting And Analytics Software, Payment Processing Software, Cloud-Based POS Software, Mobile POS Software (mPOS), Multi-Channel POS Software, E-Commerce Integration Software
2) By Services: Consulting And System Design Services, Installation And Integration Services, Training Services, Maintenance And Support Services, Customization Services, Managed Services
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What Are the Primary Drivers Shaping the Point Of Sale (POS) Software Market?
The rise of retail and e-commerce sectors is expected to drive the growth of the point-of-sale (POS) software market. As the retail and e-commerce industries expand, the need for efficient transaction systems grows. POS software streamlines sales processes, enhancing customer experience and operational efficiency. For example, the United States Census Bureau reported a 2.1% increase in retail sales in 2023, contributing to the growth of the POS software market.
Which Companies Are Leading in the Point Of Sale (POS) Software Market?
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.
What Point Of Sale (POS) Software Market Trends Are Gaining Traction Across Different Segments?
Companies in the point-of-sale (POS) software market are enhancing customer service by developing cloud-based POS systems. For example, in May 2022, NCR Voyix Corporation launched NCR Aloha Cloud, a cloud-based POS system designed for restaurants. The system offers next-day deposits, small portable devices, simple payment processing, and data analytics to help restaurant operators manage their business more efficiently. With additional features like offline mode and loyalty programs, NCR Aloha Cloud provides a comprehensive POS solution.
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What Are the Top Revenue-Generating Geographies in the Point Of Sale (POS) Software Market?
North America was the largest region in the point of sale (POS) software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale (POS) software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Point Of Sale (POS) Software Market?
2. What is the CAGR expected in the Point Of Sale (POS) Software Market?
3. What Are the Key Innovations Transforming the Point Of Sale (POS) Software Industry?
4. Which Region Is Leading the Point Of Sale (POS) Software Market?
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