London, 15 September 2015: Technavio, the independent tech-focused global research firm, has published a report on the POS software market in EMEA 2015-2019, which is expected to grow at a CAGR of 3.3% during the forecast period of 2014-2019.
“There is an emergence of new payment options such as e-wallet, m-wallet, and NFC, in the POS software market in EMEA. Merchants are seeking more flexibility in terms of integrating multiple payment options using the POS terminals,” says Faisal Ghaus, Vice President of Technavio.
“The POS software must comply with all regulations and align to the standards of the various payment options in order to ensure the interoperability required for secure payments.”
Key Market Drivers
- EMV migration
- PCI DSS compliance
- Increase in popularity of cloud POS software
- Need for enhanced flexibility of merchants
Key Market Trends
- New liability shift for Internet payments
- New payment options
- Addition of advanced features to POS software
- Merchants focusing on industry-specific solutions
Key Market Vendors
- Agilysys
- Epicor Software
- Ingenico
- NCR
- Oracle
- SAP
- VeriFone Systems
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
