This market research report from Technavio segments the global POS software market by end user (hospitality, retail, and others) and by geography (Americas, APAC, and EMEA). The report also analyzes the key vendors in this market, including Epicor Software, Oracle, and SAP.
Technavio’s market research analysts estimate the global PoS software market to grow at a CAGR of 5% between 2015 and 2019. Factors like Europay, MasterCard, and Visa (EMV) migration and increasing payment card industry (PCI) (data security standard (DSS) compliance are boosting the growth of PoS software across the globe. The Americas is the dominant region in this market, accounting for 36% of the total market share. The augmented adoption of contactless mobile POS systems by vendors in this region is predicted to impel market growth in this region during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the PoS software segments by technology.
“One of the interesting trends gaining momentum in this market is the increase in EMV migration. Due to the increasing awareness about EMV, consumers nowadays prefer using cards that are chip and PIN based as it ensures enhanced security during transactions. Consequently, vendors are forced to make their POS terminals EMV compliant so that it accepts both magnetic strip cards as well as chip-based cards. This shift in the consumers’ preference is expected to foster market growth during the forecast period,” says Navin Rajendra, Industry Manager, Hardware & Semiconductor, Technavio Research
Technavio’s market research analyst has estimated the hospitality sector to account for a market share of close to 50% by 2019. High market share of this segment can be attributed to the augmented POS deployment in restaurants and food chains. Additionally, the growing focus on customer relationship and data integration for improving inventory management are some of the significant factors that impel growth in this segment during the forecast period.
The leading vendors in the global PoS software market include Epicor Software, Oracle, and SAP. This market is highly fragmented due to the presence of multiple local and multinational players. The low entry barrier of this market enables the entry of new vendors into the retail and hospitality sector, which in turn results in unprecedented growth of the customer base for POS software.
A more detailed analysis is available in the Technavio report, Global PoS Software Market 2015-2019.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global POS Terminals Market in the Retail Sector 2015-2019
- Global Wireless POS Terminals Market 2015-2019
- Global POS Terminals Market in the Hospitality Sector 2015-2019
- POS Terminals Market in the US 2015-2019
Further readings:
