Global Point Of Sale (POS) Software Market Projected to Grow at 10.9% CAGR, Reaching $22 Billion by 2029

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What Will the Point Of Sale (POS) Software Industry Market Size Be by 2025?
The POS (Point of Sale) software sector has undergone swift expansion in the past few years. This market, valued at $13.09 billion in 2024, is predicted to appreciate to $14.54 billion in 2025, implying an 11.1% compound annual growth rate (CAGR). The impressive growth observed in the historical span can be linked to early adoption of smartphones, limited accessibility to traditional POS systems, the rise of cloud-based solutions, government's preliminary efforts towards cashless transactions, and the increasing popularity of app stores and mobile payment applications.

What's the Long-Term Growth Forecast for the Point Of Sale (POS) Software Market Size Through 2029?
Over the coming years, the point of sale (POS) software market is predicted to experience significant expansion, with an estimated value of $22 billion by 2029 and a compound annual growth rate (CAGR) of 10.9%. This growth throughout the projected period can be attributed to the increased use of biometric authentication, a greater emphasis on sustainability, the introduction of blockchain technology, and the boom in on-demand delivery services. Key trends for the forecast period include AI-based personalization, the intersection of social commerce, integration with augmented reality (AR), the advent of voice-activated payments, and emphasis on improving the employee experience.

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What Are the Key Growth Drivers Fueling the Point Of Sale (POS) Software Market Expansion?
Anticipated growth in the retail and e-commerce realms is poised to drive the expansion of the point of sale (POS) software market. These sectors encompass businesses selling products and services to consumers, either through brick-and-mortar establishments or digital platforms, thereby enabling transactions and product distribution. Owing to increased digital marketplace accessibility, change in consumer habits, and digital transformation, retail and e-commerce are flourishing. POS software plays an integral role in enhancing customer satisfaction, optimizing operations, and spurring growth in these sectors. In February 2024, the United States Census Bureau reported a 2.1% growth in total retail sales from 2023 compared to the previous year. Additionally, the International Trade Administration, a US Department of Commerce department, predicts that Canadian e-commerce sales will skyrocket from $2.34 billion in March 2022 to $40.3 billion by 2025. Thus, the propelling retail and e-commerce sectors lead to the expansion of the POS software market.

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What Are the Key Trends Driving Point Of Sale (POS) Software Market Growth?
Key enterprises in the point of sale (POS) software market, like NCR Voyix Corporation, are pioneering cloud-based solutions like the NCR Aloha Cloud to enhance service delivery with cutting-edge features. NCR Aloha Cloud, a product of US-based software developer NCR Voyix Corporation, is a user-friendly, modern cloud-based POS system specifically tailored for restaurant operation. In May 2022, NCR Aloha Cloud made its market entry as a cloud-anchored restaurant POS system. Distinct features include easy payment methodologies, smaller portable devices, immediate deposit financing, and a refreshed user interface. Additional bonuses include statistical and analytical abilities that produce actionable insights to aid better decision-making processes. Moreover, the system is also fortified with secure payment channels, an offline function, native loyalty, email promotion, and round-the-clock assistance, making it a holistic solution that addresses the diverse needs of the restaurant industry effectively.

How Is the Point Of Sale (POS) Software Market Segmented?
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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Which Companies Are Leading the Charge in Point Of Sale (POS) Software Market Innovation?
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.

Which Regions Are Leading the Global Point Of Sale (POS) Software Market in Revenue?
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.

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