PUBLISHER: The Business Research Company | PRODUCT CODE: 1706091
PUBLISHER: The Business Research Company | PRODUCT CODE: 1706091
A point of sale (POS) system is a solution designed to facilitate smooth sales transactions by managing inventory, processing payments, and generating sales reports. It also includes tools for improving customer relationships, such as loyalty programs, point-based rewards, marketing tools, promotions, discounts, customer profiling, and detailed analytics.
The primary deployment modes for POS systems are cloud and on-premise. Cloud deployment involves hosting applications, services, or infrastructure on remote servers accessed via the internet, rather than on local servers or personal devices. POS systems cater to organizations of varying sizes, including large enterprises and small to medium-sized enterprises (SMEs), and encompass both fixed point of sale (POS) and mobile point of sale (POS) applications. These systems are utilized across a wide range of industries, including restaurants, hospitality, healthcare, retail, warehouses, entertainment, and others.
The point of sale system requirement market research report is one of a series of new reports from The Business Research Company that provides point of sale system requirement market statistics, including point of sale system requirement industry global market size, regional shares, competitors with a point of sale system requirement market share, detailed point of sale system requirement market segments, market trends and opportunities, and any further data you may need to thrive in the point of sale system requirement industry. This point of sale system requirement market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The point of sale system requirement market size has grown rapidly in recent years. It will grow from $14.5 billion in 2024 to $16.64 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to the widespread adoption of electronic payment methods, the rise of e-commerce, changes in tax laws, the demand for data-driven decision-making, and the increasing threat of data breaches.
The point of sale system requirement market size is expected to see rapid growth in the next few years. It will grow to $28.52 billion in 2029 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to regulatory and compliance requirements, the need for systems that provide a seamless experience, increasing demand from SMEs, rising demand for cloud-based solutions, and growing demand for mobile POS systems. Major trends in the forecast period include the development and commercialization of personal computers, improved data analytics, the integration of AI for inventory management, technological advancements, and integration with the IoT.
The increasing adoption of digital payment methods is poised to drive the growth of the point-of-sale system requirements market in the future. Digital payments involve electronic transfer of funds between parties using platforms such as online banking or mobile wallets. This trend is fueled by the convenience, speed, and enhanced security they offer, alongside rising smartphone usage and internet accessibility. Integration with secure payment gateways, support for various card and mobile wallet transactions, and adherence to industry standards such as PCI DSS are essential for digital payment methods in point-of-sale systems. For example, by May 2024, digital wallets and mobile apps were adopted by 62% of businesses, up from 47% in 2022, surpassing ACH and debit cards to become the second most used payment method after paper checks. This underscores how digital payment adoption is shaping the requirements of point-of-sale systems.
Leading companies in the point-of-sale (POS) system market are increasingly focusing on developing advanced technological solutions, such as digital onboarding platforms. A digital onboarding platform is a technology that allows businesses to electronically verify, register, and onboard customers or employees. This solution enhances POS systems by streamlining user verification, reducing onboarding time, and improving the customer experience, all of which contribute to faster and more secure transactions. For example, in May 2023, Axis Bank, based in India, introduced Sarathi, a digital onboarding platform designed to simplify the process of adopting Electronic Data Capture (EDC) or Point of Sale (PoS) terminals for merchants. The platform offers an efficient onboarding process, real-time database checks, live video verification, quick decision-making, immediate PoS installation, and a completely paperless experience. Key benefits include real-time status updates, same-day transaction capability, and PoS terminal installation within 45 minutes. Sarathi is intended to provide digital advantages for merchants and boost the productivity of sales teams.
In January 2023, SoundHound AI Inc., a US-based voice recognition company, entered into a partnership with Toast Inc. This strategic collaboration is designed to enable restaurants to accept voice orders over the phone, which will be directly transmitted to Toast's platform. Additionally, SoundHound's advanced system, powered by its patented voice AI, can comprehend natural human speech, allowing customers to interact with the software without needing to adjust their language. Toast Inc., a US-based software development company, specializes in point-of-sale systems, payment processing, and customer engagement solutions.
Major companies operating in the point of sale system requirement market are Samsung Electronics Co. Ltd, The Hewlett-Packard Company, Panasonic Corporation, Oracle Corporation, Casio Computer Co. Ltd, Fujitsu Ltd, PayPal Holdings Inc., NEC Corporation, Block Inc, NCR Corporation, Shopify Inc., Toast Inc., Ingenico SA, PAX Technology, Lightspeed POS Inc, Toshiba Global Commerce Solutions, Verifone Inc., Clover Network Inc., GK Software SE, NEXGO (Shenzhen Xinguodu Technology Co. Ltd.), Helcim Inc., Newland Payment Technology, Bindo Labs Inc., Qashier PTE Ltd
North America was the largest region in the point of sale system requirement market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the point of sale system requirement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the point of sale system requirement market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The point of sale system requirement market consists of revenues earned by entities by providing services such as installation services, training services, cloud services, customization services, and consulting services. The market value includes the value of related goods sold by the service provider or included within the service offering. The point of sale (POS) system requirement market also includes sales of cash registers, touchscreen displays, point of sale requirement (POS) terminals, customer display units, and point of sale requirement (POS) software. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Point Of Sale System Requirement Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on point of sale system requirement market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for point of sale system requirement ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The point of sale system requirement market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.