The global point of sale software market revenue was around US$ 5.4 billion in 2022 and is estimated to reach US$ 13.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.9% during the forecast period from 2023 to 2031.

Point of sale software supports retailers in expanding their business by managing inventory, processing payments, generating reports for analyzing the profit, managing returns and refunds, and others. In short, point of sale (POS) software allows retailers to handle their complete business process right from selling the goods, to printing the receipts, and payment processing.

Factors Influencing Market Growth

- The point of sale software market is experiencing tremendous demand from hospitality, drug stores, restaurants, automotive shops, and other sectors.

- The increasing demand for secure and contactless payment alternatives is pushing the growth of the point of sale software market.

- The limitations of point of sale software contain security concerns that may hinder the growth of the point of sale software market.

- The rising demand for tailored-made point of sale software solutions from different check-out systems from various industry verticals is expected to fuel the growth of the point of sale software market share in the upcoming years.

Impact of COVID-19

The impact of the COVID-19 pandemic on the point of sale software market has gained massive popularity and it has been confirmed to be a boon for retailers. The increased demand for cashless transactions during the pandemic has boosted the demand for point of sale software. This is because the point of sale system can efficiently handle inventories, speed up payments, offer cost-saving, have real-time data forecasting, and aid in creating valid reports.

Regional Analysis

The Asia-Pacific point of sale software market is expected to exhibit the most rapid growth in the upcoming years. This is mainly because of the rapid growth in the number of retail and small businesses in this region.

Leading Companies

The leading prominent companies profiled in the point of sale software market are: -

- NCR Corporation
- Revel Systems
- Oracle
- Agilysys Inc.
- Clover Network Inc.
- Diebold Nixdorf Incorporated
- Epicor Software Corporation
- Ingenico Group
- Intuit Inc.
- SAP SE
- Other prominent key players

Segmentation Outline

The global point of sale software market segmentation focuses on Application, Deployment Model, Enterprise Size, End User, and Region.

Segmentation based on Application

- Mobile POS
- Fixed POS

Segmentation based on Deployment Model

- Cloud
- On-Premises

Segmentation based on Enterprise Size

- Small and Medium-Sized Enterprises (SMEs)
- Large Enterprise

Segmentation based on End User

- Restaurants
- Retail
- Hospitality
- Healthcare
- Media & Entertainment
- Others

Segmentation based on Region

- North America
- The U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Singapore
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa