GLOBAL POS has been designed specifically to cater for the point of sale and inventory management requirements of small scale and medium enterprises to large chain store operations. Register Login. It has many special advance features ideal for specific industry operational processes. The system is capable of processing all Retail and Point of Sale functions effectively to provide the organization comprehensive management information on the entire Selling process.
This is anticipated to fuel the market growth over the forecast period. For the development of POS solutions, vendors should consider some factors such as creating and managing structured databases of customers, different payment methods, and support for different operating systems.
For example, many businesses demand flexible and affordable POS software solutions that can support different hardware systems such as mobile, PC, tablets, and laptops. Developing multi-channel software is one of the major challenges prevailing in the global market. For example, online transactions are replacing conventional cash transactions in various industries such as packaged food and retail which is driving the majority of the vendors to develop POS solutions that are compatible in easing payment, managing inventory levels, and improving operational efficiency.
Moreover, developing customized software for different industries that fulfill their specific requirements is considered to be the biggest challenge for the vendors of POS software solutions. Based on application, the point of sale POS software market is segmented into mobile and fixed software.
Moreover, this software provides sturdy solutions with cash drawer, business functionality, loyalty programs, employee time clocks, and inventory management solutions.
The segment of mobile POS solutions is anticipated to attain the fastest growth from to The emergence of new technologies has enabled the development of mobile POS software that supports online payment options. Moreover, the rising acceptance of this software solution by the majority of small and medium enterprises to manage inventory levels, extract useful data for data analysis, manage stores, and enhance operational efficiency is anticipated to propel the growth of the mobile POS segment over the forecast period.
In , the segment of on-premise deployment accounted for the largest share across the global POS software market. This growth is attributed to the rising adoption of on-premise deployment by large businesses that carry out their operations through local server networks over distant facilities. Moreover, data breaching is one of the major threats for the majority of large enterprises. Therefore, deployment of on-premise software helps in reducing the risks of data breaching by providing high control to the proprietor.
The segment of the cloud-based deployment model is projected to attain the fastest growth over the forecast period owing to rapid technological advancements across different sectors. Moreover, the growing acceptance of cloud POS software owing to easy payment options such as monthly charges are anticipated to further propel the market growth from to The segment of large enterprises held the largest market share, in due to the rising adoption of customized software by large enterprises and businesses for managing certain business processes and cash flows.
However, the price of this customized software is higher than the non-customized software readily available in the market. Moreover, benefits such as high customer engagement and better management of cash flows are projected to propel market growth over the forecast period. The segment of small and medium enterprises is projected to grow at the fastest CAGR of The majority of the SMEs are opting for cloud-based deployment of mPOS software due to its scalability and cost-effectiveness.
For instance, Walmart stores suffered a major cyberattack on its POS system in and Sensitive information about the shop and its customers was stolen.
It included details like the ones on the inventory and credit cards of the client. But this restraint can be overcome with the help of a little precaution and security advancements in the software. Because of the current inclination of most brick-and-mortar restaurants and retail stores for a fixed POS solution over mobile POS since they offer more functionality and features. The consumer is inclined toward using a fixed POS system due to benefits, such as robust management solutions with business functionality, employee time clocks, a cash drawer, inventory management, loyalty programs, and gift card management.
The mobile POS segment is expected to grow significantly during the forecast period. Technology evolution has changed the payment method and the installation of mPOS ensures quick payment via apps without the need for the system being connected to a local network.
The payment is initiated through a credit card reader attached to a smartphone or tablet, which has apps installed to run the scanner and charging system. Growing adoption of mobile POS terminal by small businesses to carry out advanced functionalities, like inventory management, store management, and analytics to improve business operation has boosted the market growth.
The region has the existence of prominent POS software vendors and has a high demand and adoption for advanced integrated systems. The healthcare industry in the U. Also, increasing adoption of cashless payment, growth of retail, restaurant, hospitality, healthcare, and other industries in North America is expected to force the market growth over the forecast period.
Increasing adoption of POS terminals in the region, because of growth in the electronic payment industry is expected to boost the market growth. The demand for cashless payment in retail, restaurant, entertainment, warehousing, and other industries in emerging countries, like China, India, Indonesia, and Vietnam is further supplementing the growth of POS software in the region.
Moreover, the ever-increasing demand for POS solution with advanced features among speedily rising businesses such as e-commerce, retail, foodservice industry, and entertainment are expected to drive the market growth over the forecast period. The objective of the report is to present a comprehensive analysis of the Global Point of Sale PoS Software Market including all the stakeholders of the industry.
The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Preface 1. Report Scope and Market Segmentation 1. Research Highlights 1. Research Objectives 2. Assumptions and Research Methodology 2. Report Assumptions 2. Abbreviations 2. Research Methodology 2. Secondary Research 2. Secondary data 2. Secondary Sources 2.
Primary Research 2. Data from Primary Sources 2. Breakdown of Primary Sources 3. Market Overview 4. Introduction 4. Market Indicator 4. Drivers 4.
Restraints 4. Opportunities 4. Challenges 4. Value Chain Analysis 4. Market Risk Analysis 4. SWOT Analysis 4. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. North America 6. Europe 6.
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