Global Point of Sale Software Market Overview:
Point of sale software automates the capture of financial and sales transactions. The growing need to carry out cashless transactions, inventory records, keep track of sales, and improve sales strategy using analytics across retail chains, automotive shops, restaurants, hospitality, drug stores, etc. are driving the demand for point of sale (POS) software. Increasing demand for advanced features such as employee management analytics, sales monitoring, customer data management, reporting, and inventory tracking are projected to boost the adoption of POS software across various industries in the forecast period. According to AMA, the Global Point of Sale Software market is expected to see growth rate of 10.78%
- Makes better Customer Relationship Management (CRM)
- Simplifies the Accounting Processes
- Eliminates the Human Errors and Saves Money on Long Term
- Data and Analytics Provision
- Adaption of Cloud-Based POS Software
- Prerequisites like Reliable Internet Connections
- Costly Software Upgrades
- Personalized Customer Shopping Experience using POS Software
- AI-enabled POS Software
- Problems Caused By Hardware
- Inaccurate Reporting and Mobile Compatibility
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Ingenico Group (France), Hewlett-Packard Inc. (United States), Cisco Systems, Inc. (United States), Panasonic Corporation (Japan), VeriFone Systems, Inc. (United States), PAX Technology (China), Toshiba Corporation (Japan), Samsung Electronics, Co., Ltd. (South Korea), Agilysys, Inc. (United States) and Pulsar Technologies (Italy). Additionally, following companies can also be profiled that are part of our coverage like Xiamen Rongta Technology (China), Clover Network, Inc. (United States), Diebold Nixdorf (United States) and Epicor Software Corporation (United States). Analyst at AMA Research see European and United States Players to retain maximum share of Global Point of Sale Software market by 2026. Considering Market by Deployment Mode, the sub-segment i.e. Cloud-Based will boost the Point of Sale Software market. Considering Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises (SMEs) will boost the Point of Sale Software market. Considering Market by Pricing Type, the sub-segment i.e. Monthly Subscription will boost the Point of Sale Software market. Considering Market by End User, the sub-segment i.e. Restaurants will boost the Point of Sale Software market.
On 18th September 2020, Ingenico Group the global leader in seamless payments has announced that it has successfully launched in Taiwan its latest AECR C9 Android solution into major local retail stores such as Far Eastern Department Stores, the only publicly listed department store chain in Taiwan, and Q Square Fashion Plaza (Jing-Jan) near Taipei station.
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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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Point of Sale Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Point of Sale Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Point of Sale Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.