The Point of Sale (POS) or Point of Purchase (POP) Software is mainly referred to as the time or place where the product or services transaction is completed. It is a point, where the merchant calculates the value owned for money and may prepare the invoice for the same. It can also help it selecting the payment modes. The devices used for POS transactions can be weighing scales, cash registers, and barcode scanners. The point of sale software can also be named as a point of service because it can also be used where it may also be customer order or point of return.
This growth is primarily driven by Makes better Customer Relationship Management (CRM), Simplifies the Accounting Processes and Eliminates Human Errors and Saves Money on Long Term.
Globally, a noticeable market trend is evident Tablet or Mobile Payment Enabled POS Systems
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Realtime POS, Inc. (United States), Heartland Payment Systems (United States), Keystroke Holdings (South Africa), Shopify (Canada), POS Solutions Pvt. Ltd. (India), Vend (New Zealand), Today Software Ltd (New Zealand), Square, Inc. (United States), Data Systems Inc. (Canada) and Alexandria Computers (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On April 25, 2016, Global Payments Inc., which is leading provider of payment technology services globally has announced that it has completed a merger with Heartland Payment Systems, Inc. The merged company named Global Payments Inc. has around 8500 employees worldwide which provides leading payments solutions to millions of merchants globally.
Casio has invested millions of dollars in developing and introducing a new android POS terminal for the retail and hospitality industry, which will significantly reflect that number of prominent players will cause a major disruption in the overall POS industry share. In addition to this, Lexus and Toyota Financial Services have launched an in-house electronic POS system named NGage. According to industry experts, this POS system developed by Toyota will be one of the substantial factors influencing the growth of POS software industry.
- Makes better Customer Relationship Management (CRM)
- Simplifies the Accounting Processes
- Eliminates Human Errors and Saves Money on Long Term
- Tablet or Mobile Payment Enabled POS Systems
- Data and Analytics Provision
- Cloud Based POS Software
- Security Risks
- Prerequisites like Reliable Internet Connections
- Costly Software Upgrades
Personalized Customer Shopping Experience using POS Software, AI enabled POS Software and Point of Service POS Software
Problems Caused By Hardware, Inaccurate Reporting and Mobile Compatibility
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, POS Software Study Sheds Light on
The POS Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the POS Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where POS Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.