Scope of the Study
A point of sale system is the system where the customer can make the payment for products or services at the store. In other words, when the customer purchases from the store, it completes the point of sale transactions. It is the hub where everything such as sales, inventory and customer management merges. It consists of software and hardware components which makes sure that the daily operations are conducted smoothly and easily. It provides various benefits for small businesses such as greater efficiency, streamlining business processes and many more.
The market study is being classified and major geographies with country level break-up.
SAP (Germany), Oracle (United States), Toshiba Tec Corporation (Japan), NCR Corporation (United States), Revel Systems (United States), Agilysys, Inc. (United States), Clover Network, Inc. (United States), Diebold Nixdorf (United States), Epicor Software Corporation (United States) and Ingenico Group (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Intuit, Inc. (United States), Lightspeed (Canada), PAR Technology Corp. (United States), ShopKeep (United States) and Toast, Inc. (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global POS Systems for Small Business market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global POS Systems for Small Business market by Type, Application and Region.
On the basis of geography, the market of POS Systems for Small Business has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Number of Small Businesses in the Developing Economies
- Increasing Demand of Cost Effective POS Solutions with Advanced Functionality
- Technological Developments in Cloud Computing
- Lock down imposed by government across the globe has affected the sales of POS systems in small as well as large businesses which is having a negative impact on the market
- Government support for the startups in developing economies is leading to rising adoption of POS systems
- Increasing complex business processes
- Development of POS system for multi-channel requirements
Market Leaders and their expansionary development strategies
On 2nd October 2019, Oracle has acquired Crowd twist which is an industry leading provider of comprehensive multichannel loyalty and analytics solutions
Key Target AudienceManufacturers, Raw material suppliers, Government associations, Research organizations, software vendors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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