The POS Software Market is expected to grow from US$11.582 billion in 2025 to US$17.204 billion in 2030, at a CAGR of 8.24%.
A POS or a point of sale refers to the actual point of purchase where a customer executes a transaction of payment for goods and services. POS software refers to the software used to facilitate a sale at any walk-in store. The POS software system efficiently assembles various aspects of retail operations by automating the transaction process and tracking important sales data such as tracking inventory, accounting, and bookkeeping, price updating, customer tracking, bar code scanning, tracking payroll, etc.
Geographically, in North America and the European region, especially the United States and the United Kingdom market share for Point of Sale(POS) software is expected to have a slow growth according to the world economic forum in spite of growth in e-commerce, the brick and mortar stores will continue to be the channel that contributes the most revenue for the majority of large multichannel retailers until at least 2026., despite the fact that a lot of major retail stores are closing shop. In fact, according to the U.S Census. The United States of America hit a retail sales record of $8 trillion in 2018. Subsequently, the United Kingdom is also anticipated to have a substantial market share during the forecast period due to the fact, that the retail sales of the United Kingdom in 2017 were worth 395 billion pounds (source: The House of Commons Library)
Additionally, the market share for Point of Sale(POS) software in developing countries specifically in the Asia Pacific region as well as in the African and middle eastern countries is expected to grow due to the major adoption of technology as well as the urbanization overhaul taking over in the retail industry.
With developing countries adopting technology to facilitate payment as well as keeping track of business activities in the retail industry this should be considered as one of the key drivers in the growth of the Point of Sale(POS) software market
Over the next decade, the line between online and offline stores will continue to blur. Emerging business models will continue to proliferate, gaining scale and momentum. With slow-growing incomes in most digitally developed countries and a shift in consumer spending from products to services. In the future, e-commerce penetration is projected to grow from approximately 10% today to greater than 40% in 2026. (source: World Economic Forum (WEF))
Major industry players profiled as part of the report are Square, Inc., Clover Network, Inc., Lightspeed, Shopify Inc., Vend™ Limited, ShopKeep, ERPLY, Epos Now, and NCR Corporation, and Revel Systems among others.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Point Of Sale Software Market Size in 2025 | US$11.582 billion |
| Point Of Sale Software Market Size in 2030 | US$17.204 billion |
| Growth Rate | CAGR of 8.24% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in the Point Of Sale Software Market |
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| Customization Scope | Free report customization with purchase |
Segmentation
The Point of Sale(POS) software market has been analyzed through the following segments: