Europe POS Software Market Growth Drivers and Forecast by 2028

Historic Data: 2019-2020 | Base Year: 2021 | Forecast Period: 2022-2028

Europe POS Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Deployment (On Premise and Cloud), Application (Inventory Tracking, Purchasing Management, Sales Reporting, Customer Engagement, Booking System, Payroll and Team Management, and Others), Enterprise Size (Small Enterprises, Medium Enterprises, and Large Enterprises), and End User (Retail and Consumer Goods, Restaurants, Hospitality, Media and Entertainment, Transportation and Logistics, Healthcare, and Others)

Report Date : Feb 2022
Report Code : TIPRE00009829

Category : Technology, Media and Telecommunications
Status : Published

Available Report Formats :
No. of Pages : 185

Page Updated: Dec 2022

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The Europe POS software market is expected to grow from US$ 3,405.81 million in 2021 to US$ 6,308.14 million by 2028; it is estimated to grow at a CAGR of 9.2% during 2021–2028.

Increasing need for customer-centric solutions and services propel the demand for cost-efficient and value-added services. POS software is a cost-effective approach for businesses and customers. POS software is used in various applications, such as inventory management, sales management, store operations, order and promotion management, purchase and re-order, secured payments, customer loyalty programs, creating reports, and real-time data analysis. Moreover, the software cloud reduces service costs while improving service offerings. Vendors of POS software are highly focused on offering advanced solutions and services to their customers, significantly driving the growth of the Europe POS software market.

Impact of COVID-19 Pandemic on Europe POS Software Market

The government of Europe realized that all businesses, irrespective of their size scale, need assistance during the COVID-19 outbreak. The crisis impacted negatively the business operations of public and private companies in Europe. Russia, the UK, France, Italy, Spain, and Germany are among the worst-affected member states in Europe due to the COVID-19 outbreak. Businesses in the region face severe economic difficulties as they either suspend their operations or substantially reduce their activities. Consumption in sectors such as clothing and goods and services is expected to be temporarily postponed, with spending expected to restart as soon as the restriction for lockdown gets uplifted. However, the software industry is not affected like other industries, such as automotive and manufacturing, since businesses allowed their employees to work from home.

Europe POS Software Market Insights

Growing Concept of Cashless Transaction due to Digitization Fuels Growth of Europe POS Software Market

The governments of countries, such as, the UK, Germany, France, and Belgium, are taking initiatives to promote electronic payments to support economic and social goals. The providers of advanced POS software are taking advantage of this factor to offer a smooth and secure cashless payment platform. The retail and restaurant segment is highly demanding POS software with advanced transaction capabilities. POS software offers various advantages for cashless payments, such as fast and reliable transactions, offline connectivity, standard payment processing rates, secure payments, EMV payments, and responsive customer support. Thereforethe concept of cashless transactions is increasing due to rising digitization, which drives the growth of the Europe POS software market

Component-Based Europe POS Software Market Insights

Based on component, the Europe POS software market is segmented into software and service. POS software is widely used in retail and hospitality businesses. Appropriate POS software allows companies a new level of control for their respective operations. The software increases efficiency and accelerates profit. An inappropriate selection of software might result in a wastage of time and money. The software requirements vary from application to application.

Deployment-Based Europe POS Software Market Insights

Based on deployment, the Europe POS software market is segmented into on-premise and cloud. The on-premise software is deployed within the company’s IT infrastructure. The software is solely responsible for maintaining, upgrading, and performing all organization operations. It provides more protection and security than a cloud computing infrastructure. However, enterprises deploying on-premises software face challenges concerning the high costs involved in installing, managing, upgrading, and maintaining complete solutions, thereby limiting the procurement of newer on-site solutions.

Application-Based Europe POS Software Market Insights

The Europe POS software market, based on application, is segmented into inventory tracking, purchasing management, sales reporting, customer engagement, booking system, payroll and team management, and others. In the case of product-based companies, the chances of human errors in managing inventory are high. One of the most critical functions of a POS system is inventory management. The software keeps a proper record of products that assists the end-users in making decisions on when to order and when not to order particular products. The software helps user control all inventory operations, monitor purchase costs, and do quick inventory checks.

Enterprise Size-Based Europe POS Software Market Insights

The Europe POS software market, based on

enterprise size

, is segmented into small enterprises, medium enterprises, and large enterprises. An enterprise point-of-sale system is a set of technologies that allow large businesses to handle payments and keep track of sales and transactions.The specific elements of each POS system vary depending on the business type and physical or virtual business setup. It would also depend on whether the system was deployed on-premises or in the cloud.

End User-Based Europe POS Software Market Insights

Based on end user, the Europe POS software market is segmented into retail and consumer goods, restaurants, hospitality, media and entertainment, transportation and logistics, healthcare, and others. From grocery to fashion retail to duty-free products to specialty stores, the retail sector is fast-paced and witnesses high competition and challenges. Globalization has resulted in the creation of tough scenarios for retailers and other distributors. Therefore, enhancing and value-added supply chain services among retail industries are gaining high momentum.

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Europe POS Software Market: Strategic Insights

Europe POS Software Market

Market Size 2021
US$ 3,405.81 Million

Market Size 2028
US$ 6,308.14 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Regional Overview

Europe

Market Segmentation

Component

Software and Services

Deployment

On Premise and Cloud

Application

Inventory Tracking
Purchasing Management
Sales Reporting
Customer Engagement
Booking System
Payroll and Team Management

Enterprise Size

Small Enterprises
Medium Enterprises
Large Enterprises

Get Top Key Market Trends of this report.
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Europe POS Software MarketReport Scope

Europe POS Software Market Report Scope

Report Attribute	Details
Market size in 2021	US$ 3,405.81 Million
Market Size by 2028	US$ 6,308.14 Million
Global CAGR (2021 - 2028)	9.2%
Historical Data	2019-2020
Forecast period	2022-2028
Segments Covered	By Component Software and Services By Deployment On Premise and Cloud By Application Inventory Tracking Purchasing Management Sales Reporting Customer Engagement Booking System Payroll and Team Management By Enterprise Size Small Enterprises Medium Enterprises Large Enterprises
Regions and Countries Covered	Europe UK Germany France Russia Italy Rest of Europe
Market leaders and key company profiles	AWEK microdata GmbH Clover Network, Inc. dascus GmbH Dotypos GK Software SE LightSpeed Commerce Inc. orderbird AG ready2order GmbH Shore GmbH

Research Manager

Ankita Mittal

Manager,
Market Research & Consulting

Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

What are the Europe POS Software Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Global, Regional, Country
Industry and Competitive Landscape
Excel Dataset

Europe POS Software Market Report Snapshots

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