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Point of Sale (POS) Software Market Size

  • Report ID: GMI5392
  • Published Date: Nov 2022
  • Report Format: PDF

POS Software Market Size

Point of Sale Software Market size valued at USD 7 billion in 2022 and is predicted to grow at more than 15% CAGR between 2023 and 2032.

 

The development of improved payment solutions by manufacturers, advancements in the networking infrastructure, and access to strong internet connectivity are estimated to positively impact the demand for POS software. Government initiatives that promote the adoption of software and support investments in the development of IT infrastructure in many nations are facilitating the sizable expansion of the market. Similarly, the widespread smartphone and internet penetration, along with the rapid digitization across diverse industries, is anticipated to create enormous opportunities for POS software market expansion.

 

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of point of sale software surpassed USD 7 billion in 2022 and is estimated to grow at over n 15% CAGR through 2032 owing to the development of smart payment systems, prevalent consumer inclination toward contactless payments, and supportive government initiatives to promote online transactions.

The cloud deployment model segment captured around 47.5% of the POS software market share in 2022 and is forecast to observe strong growth through 2032 due to its low cost and simple installation.

The COVID-19 outbreak has escalated the need for contactless payment transactions across all businesses, which is driving product demand in the healthcare sector. The healthcare end-use segment is likely to depict more than 18.5% growth rate between 2023 and 2032.

Some of the companies operating in the global POS software industry are Agilysys, Inc., Clover Network, Diebold Nixdorf, Epicor Software Corporation, Ingenico Group, Micros Systems, Inc., Panasonic Corporation, Systems, Samsung Electronics, Co., Ltd., Square, Inc., Toast, Inc., Toshiba Corporation, VeriFone Systems.

Point Of Sale Software Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 17
  • Tables & Figures: 473
  • Countries covered: 22
  • Pages: 280
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