Massive market for Point of Sale System Industry 2021

 Publisher Point of Sale(POS) System market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.

Get Sample PDF 

The global point of sale software market size was valued at USD 8.2 billion in 2019 and is projected to expand at a CAGR of 10.1% over the forecast period. The need to carry out cashless transaction, keep track of sales, inventory records, and improve sales strategy using analytics across retail chains, restaurants, hospitality, drug stores, automotive shops, etc. are driving the demand for point of sale (POS) software. Rising demand for advanced features such as employee management analytics, inventory tracking, sales monitoring, customer data management, and reporting are expected to boost the adoption of POS software across various industries.

The demand for robust and cost-effective POS solutions with advanced functionality and analytics has considerably increased due to complex business operation scenarios. These solutions help users manage their inventory, customers, payment, billing, and employees. The POS software required for managing multiple business operations needs to be installed either on desktop, laptop/notebook, or tablet, with a compatible operating system for further usage. Additionally, the growing adoption of cloud-based solutions has boosted the demand for cloud-based mPOS software. Also, the web-based POS solution has gained traction among the small and medium business retailers owing to its affordability and easy access directly from the internet or web browser, which is expected to boost the market growth over the forecast period.