Global Point Of Sale System Requirement Industry Outlook 2025-2029: Market Set to Cross $27.62 Billion Milestone

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What Is the Expected CAGR for the Point Of Sale System Requirement Market Through 2025?
In recent years, the market size for point of sale system requirements has witnessed an accelerated growth. The market, which was valued at $14.5 billion in 2024, is projected to reach $16.57 billion in 2025, growing at a compound annual growth rate (CAGR) of 14.3%. Factors contributing to this surge during the historic period include the prevalent use of electronic payment methods, the booming e-commerce sector, alterations in tax regulations, the need for data-based decision making, and a heightened risk of data breaches.

What's the Projected Size of the Global Point Of Sale System Requirement Market by 2029?
The market size for point of sale system requirements is predicted to experience significant expansion in the coming years, anticipated to reach $27.62 billion in 2029 with a compound annual growth rate (CAGR) of 13.6%. The reasons for this projected rise during the forecast period include regulatory and compliance obligations, the need for platforms that guarantee a smooth interaction, escalating need from SMEs, increasing demand for solutions based on cloud technology, and a burgeoning requirement for mobile POS systems. Key trends expected during this period comprise the creation and commercial sale of personal computers, enhanced data analytics, the incorporation of AI in stock control, progress in technology, and integration with IoT.

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Top Growth Drivers in the Point Of Sale System Requirement Industry: What's Accelerating the Market?
The expansion of the point-of-sale system requirement market is set to be fueled by the increasing adoption of digital payment methods. Digital payments, involving electronic money transfers between two parties using digital technologies including mobile wallets or online banking, are becoming increasingly prevalent due to their convenience, speed and improved security. This can also be attributed to the rising use of smartphones and better internet access. Digital payment incorporation into point-of-sale systems necessitate securely integrated payment gateways, ability for a range of card and mobile wallet transactions, and adherence to industry norms such as the payment card industry data security standard (PCI DSS) for data security assurance and uninterrupted transaction processing. As reported by FedPayments Improvement, a US product of Federal Reserve Banks, in May 2024, businesses' adoption of digital wallets and mobile apps drastically increased to 62% in 2023, up from 47% in 2022. This rate surpassed the growth of ACH and debit cards, making digital wallets the runner-up most used payment method, just behind paper checks. Consequently, the increasing use of digital payment methods is stimulating the growth of the point-of-sale system requirements market.

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What Trends Will Shape the Point Of Sale System Requirement Market Through 2029 and Beyond?
Many of the prominent firms in the point-of-sale system requirement sector are concentrating on the creation of technologically innovative solutions like digital onboarding platforms. These platforms are technical tools that allow companies to electronically verify, register, and onboard customers or staff members. These platforms are beneficial to the POS system since they expedite user verification, decrease the time needed for onboarding, and boost customer satisfaction, all of which are crucial for swift, secure transactions. As an example, in May 2023, Axis Bank, a company based in India specializing in banking, introduced Sarathi which is a digital onboarding platform developed to facilitate the easy integration of Electronic Data Capture (EDC) or Point of Sale (PoS) terminals for trading businesses. This platform offers a simplified onboarding procedure, instantaneous database assessments, live video verification, quick decision-making process, instantaneous PoS set up, and a paperless experience. The benefits encapsulate real-time status updates, transaction ability within the same day, and rapid installation of PoS terminals, all within 45 minutes. Sarathi's goal is to establish digital differentiators for merchants and enhance the productivity of the sales team.

What Are the Main Segments in the Point Of Sale System Requirement Market?
The point of sale system requirementmarket covered in this report is segmented -

1) By Deployment Mode: Cloud, On-Premise
2) By Organization Size: Large Enterprise, Small And Medium Enterprise (SME)
3) By Application: Fixed Point Of Sale (POS), Mobile Point Of Sale (POS)
4) By End User: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, Other End Users

Subsegments:
1) By Cloud: Software As a Service (SaaS), Platform As a Service (PaaS), Cloud-Based Hybrid Solutions
2) By On-Premise: On-Premise Software Solutions, On-Premise Hardware And Software Integrated Systems

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Which Top Companies are Driving Growth in the Point Of Sale System Requirement Market?
Major companies operating in the point of sale system requirement market are Samsung Electronics Co. Ltd, The Hewlett-Packard Company, Panasonic Corporation, Oracle Corporation, Casio Computer Co. Ltd, Fujitsu Ltd, PayPal Holdings Inc., NEC Corporation, Block Inc, NCR Corporation, Shopify Inc., Toast Inc., Ingenico SA, PAX Technology, Lightspeed POS Inc, Toshiba Global Commerce Solutions, Verifone Inc., Clover Network Inc., GK Software SE, NEXGO (Shenzhen Xinguodu Technology Co. Ltd.), Helcim Inc., Newland Payment Technology, Bindo Labs Inc., Qashier PTE Ltd

Which Regions Will Dominate the Point Of Sale System Requirement Market Through 2029?
North America was the largest region in the point of sale system requirement market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale system requirement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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