POS Software Market Growth Trends, Emerging Technologies with Future Analysis to 2027

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POS Software Market
Publication Month Dec 2019 Report Code
TIPRE00007898 No. of Pages 183 Category
Technology, Media and Telecommunications
Status Published
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)
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2
POS Software Market
Publication Month Dec 2019 Report Code
TIPRE00007898 No. of Pages 183 Category
Technology, Media and Telecommunications
Status Published
According to the new research report published by
The Insight Partners, titled POS Software Market
- Global Analysis and Forecast to 2027, the
global POS software market was valued at US
12.23 Bn in 2018 it is expected to grow at a
CAGR of 8.4 during the forecast period, to reach
US 42.49 Bn by 2027. In 2018, Asia Pacific
accounted for the largest market share, growing
at a CAGR of 17.5 Asia Pacific comprises of the
Australia, China, India, Japan, South Korea, and
rest of APAC. The region has a more progressive
economic outlook with the presence of developing
countries such as China, India, and developed
county like Japan. The presence of a large number
of SMEs, coupled with the rapid expansion of the
retail sector, is influencing the adoption of POS
software in the region.
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3
POS Software Market
Publication Month Dec 2019 Report Code
TIPRE00007898 No. of Pages 183 Category
Technology, Media and Telecommunications
Status Published
The retail in Asian economies is booming at an
exponential rate. Owing to rising demand for
consumer goods such as home appliances and
consumer electronics, many companies are looking
ahead to make a significant investment in the
Indian retail space for instance, Walmart
Investments Cooperative U. A has spent US 37.68
Mn in Wal-Mart India Pvt Ltd. Moreover, the
countrys retail industry has witnessed an
increase in investments to reach US 180.18 Mn in
2018. Additionally, Max Hypermarket India
partnered with Auchan Group, a French retail
giant, to establish franchise hypermarket stores
in India. Both retailing companies have planned
to open 1215 new stores annually across India.
Moreover, the ease and speed of transactions
offered by POS retail systems, along with
personalization as per requirements, have driven
their adoption across SMEs.
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4
POS Software Market
Publication Month Dec 2019 Report Code
TIPRE00007898 No. of Pages 183 Category
Technology, Media and Telecommunications
Status Published
POS software market is segmented on the basis of
the component, deployment type, application, and
end user. The on-premise segment led the POS
software market, by deployment type, with a share
of 55.6 in 2018. The on-premises software is
deployed within the companys IT infrastructure.
This software is solely responsible to maintain,
upgrade, and perform all operations within the
organization. It provides greater protection and
security than a cloud computing infrastructure.
It is mainly adopted by large and
well-established companies that are capable of
investing huge capital on maintaining the
software In 2018, inventory tracking segment by
application led the POS software market. The
software enables the user to control all
inventory operations, monitor purchase costs, and
quick inventory check. In the case of
product-based companies, the chances of human
errors in managing inventory are high. Therefore,
POS software eradicates the stress of keeping a
record of inventories.
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5
POS Software Market
Publication Month Dec 2019 Report Code
TIPRE00007898 No. of Pages 183 Category
Technology, Media and Telecommunications
Status Published

• The List of Companies
• 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

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