Point of Sale (POS) Software Market Growth Potential & Forecast, 2032

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Point of Sale (POS) Software Market Growth
Analysis Forecast Report 2023-2032
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• Industry Insights

• As per a recent research report, Global Point of
  Sale (POS) Software Market share is likely to
  surpass USD 31 billion valuation by 2032.
• Global POS software market is predicted to
  generate substantial revenue growth during the
  forecast period 2023 to 2032 owing to the rising
  demand for POS software influenced by the rising
  global demand for contactless and cashless
  transactions brought on by the COVID-19 epidemic.
• Non-cash payments have been significantly
  impacted by the pandemic. The advanced economies
  (AEs) as well as the developing economies
  recorded significant increases in the overall
  value of non-paper-based or digital credit
  transfers.
• In March 2022, a provider of payments and API
  banking solutions, Cashfree Payments, launched
  softPOS, a POS system for enterprises like
  supermarkets, retail outlets, food delivery
  services, the automotive industry, and NBFCs.
  Through the softPOS, Cashfree also provides
  payment choices including wallets, EMI, and other
  Buy Now Pay Later options.

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• Notably, leading market players are utilizing
  business strategies including partnerships,
  acquisitions, and innovative product launches to
  take advantage of the development potential
  provided by the expanding industry and secure
  their market position. For instance, in January
  2022, after a successful Early Access Program,
  Square, a company that specializes in software,
  payments, and hardware solutions for all
  businesses, announced its launch in Spain, giving
  business owners, freelancers, and entrepreneurs
  access to Square's ecosystem of tools.
• Also, the demand for POS software that provides
  online ticketing and booking solutions for tours,
  activities, attractions, and events has also seen
  considerable growth resulting from the
  post-pandemic boom in the tourism and hospitality
  industry. The system supports online and
  back-office reservations, payment processing,
  calendaring, inventory management, and customer
  relationship management.

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• Regional Analysis

Middle East Africa POS software market is
anticipated to grow at over 15 CAGR through 2032
backed by the widespread penetration of
smartphones and prevalent internet access.
Countries in the region are implementing digital
technologies, which is slated to further drive
the MEA market growth.

• Competitive Analysis

• Toast Inc., Block Inc., Fujitsu, NCR Corporation,
  and Oracle Corporation. Through various strategies

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