The florist POS system market is expected to register a CAGR of 4.1% during 2023–2031. AI-powered demand forecasting inventory optimization and contactless payment options are likely to remain key trends in the market.
Florist POS System Market Analysis
- The florist POS system market has a strong growth outlook, given a growing number of florists embracing digitalization. Many small to mid-size flower shops are moving from traditional cash registers to complete POS systems, with urban and larger businesses leading the adoption.
- However, some florists remain wary of the costs or perceived complexity. The key trends in the market are cloud-based as well as mobile POS solutions (in line with broader retail trends), and overall, there is a strong adoption outlook given the early stages of POS systems in the florist segment, leaving plenty of opportunities for further market penetration and growth.
Florist POS System Market Overview
- The florist POS market is a small segment in the vast retail POS industry, which focuses on the needs of flower shops. These solutions offer features such as inventory management for perishable goods, customized order processing, and event management
- The market consists of florist POS specialized vendors as well as larger general retail POS providers that offer modules focused on the floral industry.
- The market is slowly expanding from competition and an increasing digital shift in flower sales. Its major competitors are focusing on cloud-based solutions, mobility, and integrations to broader e-commerce solutions.
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Florist POS System Market: Strategic Insights
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Florist POS System Market: Strategic Insights
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Florist POS System Market Drivers and Opportunities
Increasing Digitalization of Small Businesses to Favor the Market
- The digitalization of small businesses is driving the florist POS system market, as these florists need to adopt the latest technology to compete and survive. Digitalization of operations within small businesses in other industries will continue to encourage florists to follow the same example of upscaling from traditional point-of-sale registers and manual paperwork to a full-fledged POS system
- These systems enable florists with automated inventory tracking, sales analytics, customer management and integrated payment processing. Digitalizing operations allows florists to ease workflows, eliminate errors, make data-driven decisions and improve customer experience.
- Furthermore, as digitalized payments and targeted services become more expected by customers in the flower business, florists are also adopting POS systems to survive and remain relevant in the new retail landscape.
Adoption of Cloud-Based POS Solutions
- Cloud-based POS solutions are creating significant opportunities for the florist POS system market. Such solutions offer higher flexibility, scalability and cost-effectiveness due to their location-independent nature and remote accessibility of business data and operations.
- With the ability to manage business operations from their mobile phones or any device with internet connectivity, florists can efficiently oversee business operations of their multiple locations or work remotely.
- In addition, cloud POS solutions usually require a smaller upfront investment as compared with traditional on-premises solutions. So, they provide better value for money, especially for small and medium-scale florists. They are also automatically updated with new features and security improvements on a regular basis. For instance, if an e-commerce platform provider offers a new feature or improvement, the business owner can immediately access the feature by simply having the right authorization.
- Further, they can be easily integrated with other commonly used cloud-based tools such as accounting software, e-commerce platforms, customer relation management software and other online tools, enabling them to have a cohesive and interconnected business ecosystem.
Florist POS System Market Report Segmentation Analysis
Key segments that contributed to the derivation of the florist POS system market analysis are deployment and business size.
- Based on deployment, the florist POS system market is divided into on-premise and cloud.
- Based on the business size, the florist POS system market is divided into small business, large business, and medium business.
Florist POS System Market Share Analysis by Geography
- Florist POS System Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering Florist POS System market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the Florist POS System market in these regions.
Florist POS System Market Report Scope
Florist POS System Market News and Recent Developments
The florist POS system market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the florist POS system market are listed below:
- Hana Florist POS partnered with Clearent to bring state-of-the-art, integrated credit card processing services to all their valued customers across the US. (Source: Hana Software, Press Release, May 2021)
Florist POS System Market Report Coverage and Deliverables
The “Florist POS System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Florist POS system market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Florist POS system market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Florist POS system market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the florist POS system market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global Florist POS System market is expected to grow at a CAGR of 4.1% during the forecast period 2023 - 2031.
The increasing digitalization of small businesses and the need for streamlined payment processing are expected to drive the florist POS system market.
AI-powered demand forecasting inventory optimization and contactless payment options are likely to remain key trends in the market.
The leading players operating in the florist POS system market are BloomNation, Inc., EposNow.com, Floral Frog, FLORANEXT, FloristWare, Hana Software, Hike POS Pty Ltd, Lightspeed, and Teleflora.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Florist POS System Market - By Deployment
1.3.2 Florist POS System Market - By Business Size
1.3.3 Florist POS System Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FLORIST POS SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. FLORIST POS SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FLORIST POS SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. FLORIST POS SYSTEM - GLOBAL MARKET OVERVIEW
6.2. FLORIST POS SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FLORIST POS SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT
7.1. OVERVIEW
7.2. DEPLOYMENT MARKET FORECASTS AND ANALYSIS
7.3. ON-PREMISE
7.3.1. Overview
7.3.2. On-Premise Market Forecast and Analysis
7.4. CLOUD
7.4.1. Overview
7.4.2. Cloud Market Forecast and Analysis
8. FLORIST POS SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - BUSINESS SIZE
8.1. OVERVIEW
8.2. BUSINESS SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMALL BUSINESS
8.3.1. Overview
8.3.2. Small Business Market Forecast and Analysis
8.4. MEDIUM BUSINESS
8.4.1. Overview
8.4.2. Medium Business Market Forecast and Analysis
8.5. LARGE BUSINESS
8.5.1. Overview
8.5.2. Large Business Market Forecast and Analysis
9. FLORIST POS SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Florist POS System Market Overview
9.1.2 North America Florist POS System Market Forecasts and Analysis
9.1.3 North America Florist POS System Market Forecasts and Analysis - By Deployment
9.1.4 North America Florist POS System Market Forecasts and Analysis - By Business Size
9.1.5 North America Florist POS System Market Forecasts and Analysis - By Countries
9.1.5.1 United States Florist POS System Market
9.1.5.1.1 United States Florist POS System Market by Deployment
9.1.5.1.2 United States Florist POS System Market by Business Size
9.1.5.2 Canada Florist POS System Market
9.1.5.2.1 Canada Florist POS System Market by Deployment
9.1.5.2.2 Canada Florist POS System Market by Business Size
9.1.5.3 Mexico Florist POS System Market
9.1.5.3.1 Mexico Florist POS System Market by Deployment
9.1.5.3.2 Mexico Florist POS System Market by Business Size
9.2. EUROPE
9.2.1 Europe Florist POS System Market Overview
9.2.2 Europe Florist POS System Market Forecasts and Analysis
9.2.3 Europe Florist POS System Market Forecasts and Analysis - By Deployment
9.2.4 Europe Florist POS System Market Forecasts and Analysis - By Business Size
9.2.5 Europe Florist POS System Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Florist POS System Market
9.2.5.1.1 Germany Florist POS System Market by Deployment
9.2.5.1.2 Germany Florist POS System Market by Business Size
9.2.5.2 France Florist POS System Market
9.2.5.2.1 France Florist POS System Market by Deployment
9.2.5.2.2 France Florist POS System Market by Business Size
9.2.5.3 Italy Florist POS System Market
9.2.5.3.1 Italy Florist POS System Market by Deployment
9.2.5.3.2 Italy Florist POS System Market by Business Size
9.2.5.4 United Kingdom Florist POS System Market
9.2.5.4.1 United Kingdom Florist POS System Market by Deployment
9.2.5.4.2 United Kingdom Florist POS System Market by Business Size
9.2.5.5 Russia Florist POS System Market
9.2.5.5.1 Russia Florist POS System Market by Deployment
9.2.5.5.2 Russia Florist POS System Market by Business Size
9.2.5.6 Rest of Europe Florist POS System Market
9.2.5.6.1 Rest of Europe Florist POS System Market by Deployment
9.2.5.6.2 Rest of Europe Florist POS System Market by Business Size
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Florist POS System Market Overview
9.3.2 Asia-Pacific Florist POS System Market Forecasts and Analysis
9.3.3 Asia-Pacific Florist POS System Market Forecasts and Analysis - By Deployment
9.3.4 Asia-Pacific Florist POS System Market Forecasts and Analysis - By Business Size
9.3.5 Asia-Pacific Florist POS System Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Florist POS System Market
9.3.5.1.1 Australia Florist POS System Market by Deployment
9.3.5.1.2 Australia Florist POS System Market by Business Size
9.3.5.2 China Florist POS System Market
9.3.5.2.1 China Florist POS System Market by Deployment
9.3.5.2.2 China Florist POS System Market by Business Size
9.3.5.3 India Florist POS System Market
9.3.5.3.1 India Florist POS System Market by Deployment
9.3.5.3.2 India Florist POS System Market by Business Size
9.3.5.4 Japan Florist POS System Market
9.3.5.4.1 Japan Florist POS System Market by Deployment
9.3.5.4.2 Japan Florist POS System Market by Business Size
9.3.5.5 South Korea Florist POS System Market
9.3.5.5.1 South Korea Florist POS System Market by Deployment
9.3.5.5.2 South Korea Florist POS System Market by Business Size
9.3.5.6 Rest of Asia-Pacific Florist POS System Market
9.3.5.6.1 Rest of Asia-Pacific Florist POS System Market by Deployment
9.3.5.6.2 Rest of Asia-Pacific Florist POS System Market by Business Size
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Florist POS System Market Overview
9.4.2 Middle East and Africa Florist POS System Market Forecasts and Analysis
9.4.3 Middle East and Africa Florist POS System Market Forecasts and Analysis - By Deployment
9.4.4 Middle East and Africa Florist POS System Market Forecasts and Analysis - By Business Size
9.4.5 Middle East and Africa Florist POS System Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Florist POS System Market
9.4.5.1.1 South Africa Florist POS System Market by Deployment
9.4.5.1.2 South Africa Florist POS System Market by Business Size
9.4.5.2 Saudi Arabia Florist POS System Market
9.4.5.2.1 Saudi Arabia Florist POS System Market by Deployment
9.4.5.2.2 Saudi Arabia Florist POS System Market by Business Size
9.4.5.3 U.A.E Florist POS System Market
9.4.5.3.1 U.A.E Florist POS System Market by Deployment
9.4.5.3.2 U.A.E Florist POS System Market by Business Size
9.4.5.4 Rest of Middle East and Africa Florist POS System Market
9.4.5.4.1 Rest of Middle East and Africa Florist POS System Market by Deployment
9.4.5.4.2 Rest of Middle East and Africa Florist POS System Market by Business Size
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Florist POS System Market Overview
9.5.2 South and Central America Florist POS System Market Forecasts and Analysis
9.5.3 South and Central America Florist POS System Market Forecasts and Analysis - By Deployment
9.5.4 South and Central America Florist POS System Market Forecasts and Analysis - By Business Size
9.5.5 South and Central America Florist POS System Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Florist POS System Market
9.5.5.1.1 Brazil Florist POS System Market by Deployment
9.5.5.1.2 Brazil Florist POS System Market by Business Size
9.5.5.2 Argentina Florist POS System Market
9.5.5.2.1 Argentina Florist POS System Market by Deployment
9.5.5.2.2 Argentina Florist POS System Market by Business Size
9.5.5.3 Rest of South and Central America Florist POS System Market
9.5.5.3.1 Rest of South and Central America Florist POS System Market by Deployment
9.5.5.3.2 Rest of South and Central America Florist POS System Market by Business Size
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FLORIST POS SYSTEM MARKET, KEY COMPANY PROFILES
11.1. BLOOMNATION, INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. EPOSNOW.COM
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FLORAL FROG
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FLORANEXT
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FLORISTWARE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HANA SOFTWARE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HIKE POS PTY LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. LIGHTSPEED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TELEFLORA.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE FLORAL POS
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1. BloomNation, Inc.
2. EposNow.com
3. Floral Frog
4. FLORANEXT
5. FloristWare
6. Hana Software
7. Hike POS Pty Ltd
8. Lightspeed
9. Teleflora.
10. The Floral POS
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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