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POS Software Market

The POS software stores information and maintains all records within a database. It offers a broad spectrum of capabilities, including billing and order processing, mobile connectivity, inventory tracking, returns, sales monitoring and reporting, analytics, employee management, customer data management, and loyalty programs. The software helps in streamlining billing and order processing, inventory and stock management, sales monitoring and reporting, employee management, cross channel returns management, customer relationship and experience, and loyalty programs and gift cards activities<br><br>Get Sample PDF Brochure at: https://www.theinsightpartners.com/sample/TIPRE00007898/<br>

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POS Software Market

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  1. POS Software Market to 2027 Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others); End User (BFSI, Hospitality, Media and Entertainment, Retail, and Others) The global POS software market accounted to US$ 12.23 Bn in 2018 and is expected to grow at a CAGR of 15.1% during the forecast period 2019 – 2027, to account to US$ 42.5 Bn by 2027.

  2. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) Geographically, the POS software market is segmented into North America, APAC, Europe, MEA, and SAM. APAC led the POS software market in 2018 with a significant market share and is anticipated to be the fastest-growing region during the forecast period of 2019 to 2027. The region comprises the majority of the global population. It is a leading market for retailers, hospitality, healthcare firms, and fast food businesses. Further, it has several emerging countries that have been witnessing digital transformation at a rapid pace by progressively adopting digital payment solutions and plastic money. Aforesaid factors are expected to drive the growth of the POS software market in the APAC region.

  3. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) North America is the second-largest market in the POS software market. Apart from APAC and North America, Europe remains the third-largest geographic segment in the POS software market. In Europe, A number of hypermarkets, supermarkets are present within the territory of the region, which is responsible for contributing to the growth of the entire retail industry. The opening of new retail stores in countries is projected to flourish the consumption rate of POS software in the region. The growing concept of cashless transaction due to the digitization An increase in digitization is promoting the concept of cashless transactions that positively impact the POS software market. The governments of countries such as India, the UK, Canada, the UAE, and Belgium are taking initiatives to promote electronic payments with an aim to support both economic and social goals. Due to aforesaid factors, the scenario of POS software is growing exponentially and is projected to flourish with more demand during the forecast period.

  4. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) Emergence of biometric POS and Mobile POS In the era of continuous technological development, the POS software is expected to be introduced in new technologies for the benefit of diversified industries. Due to the rise in security concerns, the POS software is being adopted by varied markets. the development of authentication options for making payment through mobile POS is also gaining traction. This is expected to provide huge benefits to the companies providing this system and thus, positively impacting the POS software market.

  5. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) Strategic Insights The market initiative is observed to be the most adopted strategy in the global POS software market. Few of the recent market initiatives are listed below: 2019: Vend partnered with BigCommerce, the partnership enables retailers to centrally manage their day-to-day operations and have a seamless sync of sales, customers, products and inventory levels. 2019: Lightspeed launched Lightspeed Payments for U.S.-based retailers, adding additional core functionality to its commerce-enabling SaaS platform. 2018: Ingenico Group announced that its Axium D7 ECR-POS has achieved Google Mobile Services certification, making it a secure POS terminal to meet GMS requirements and properly run applications by Google.

  6. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) • Company Profiles • AccuPOS Point of Sale • Clover Network, Inc. • Dell Inc. • Honeywell International, Inc • Infor Inc. • Ingenico Group SA • Intuit, Inc. • LightSpeed POS Inc. • ShopKeep • Vend Limited

  7. POS Software Market to 2027 - Global Analysis and Forecasts By Component (Software and Services); Deployment Type (On-Premise and Cloud); Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, and Others) Thank You Email :sales@theinsightpartners.com Phone : +1-646-491-9876

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