The POS Software market in North America is expected to grow from US$ 3,718.6 Mn in 2018 to US$ 10,171.9 Mn by the year 2027 at a CAGR of 12.1% during the forecast period.
Rise in the concept of promoting electronic payments pertaining to rising digitalization and need to provide hassle-free service on real-time basis to end users are the major drivers propelling the growth of the POS software market. Nonetheless, the integration of advanced technologies such as biometric in POS and the development of mobile POS are drive the growth of the POS software market. Vendors of POS software are highly focused on offering advanced solutions and services to its customers, which is significantly driving the global POS software market. The advantages of POS for cashless payments are fast and reliable transactions, offline connectivity, standard payment processing rates, secure payments, EMV payments, and responsive customer support. Countries including Egypt, Russia, and Indonesia are embarking on the cashless journey, which would also play a role in driving the market for POS. Therefore, with the increasing conceptualization of cashless transaction pertaining to rising digitization, the POS software market growth is likely to accelerate in the near future.
In the era of continuous technological development, the POS software is expected to be introduced in new technologies for the benefit of diversified industries. The biometric POS systems might include machines that can be equipped with either a biometric module or biometric cards. Therefore, the development of authentication options for making payment through mobile POS is also gaining traction. This factor is likely to drive the POS software market. The North America POS software market is expected to grow at a good CAGR during the forecast period. The POS software then helps businesses organize this information and synchronize and distribute it to different departments—marketing, sales, customer service, and technical support—to improve customer experience and acquisition. However, these factors are likely to drive the POS software market in North America during the forecast period.
Mexico POS Software Market Revenue and Forecasts to 2027 (US$ Mn)
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North America POS Software Market–Segmentation
North America POS Software Market By Component
- Software
- Services
North America POS Software Market By Deployment
- On-Premise
- Cloud
North America POS Software Market By Application
- Inventory Tracking
- Purchasing Management
- Sales Reporting
- Customer Engagement
- Others
North America POS Software Market By End User
- BFSI
- Hospitality
- Media and Entertainment
- Retail
- Others
North America POS Software Market By Country
- United States
- Canada
- Mexico
North America POS Software Market-Companies Mentioned
- AccuPOS, Inc.
- Clover Network, Inc
- Dell Inc
- Honeywell International Inc.
- Infor Inc.
- Ingenico Group SA
- Intuit Inc
- Lightspeed POS Inc
- Shopkeep
- Vend Limited
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment Type, Application, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. POS Software Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America PEST Analysis
5. POS Software Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Demand of Cost-Efficient and Value-Added Services
5.1.2 Government Initiatives to Promote Electronic Payments
5.2 Key Market Restraint
5.2.1 High Initial Cost of Setting up the POS Software
5.3 Key Market Opportunity
5.3.1 Integration of Big Data analytics and IoT with POS Solution
5.3.2 Adoption of Cloud Technology in Retail Industry
5.4 Future Trends
5.4.1 Adoption of Biometric POS System for Security Concern
5.5 Impact Analysis of Drivers and Restraints
6. POS Software Market – North America Market Analysis
6.1 North America POS Software Market, Revenue and Forecast to 2027 (US$ Bn)
7. North America POS Software Market Analysis – By Component
7.1 Overview
7.2 POS Software Market Breakdown, By Component, 2018 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Software Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. POS Software Market Analysis – By Deployment Type
8.1 Overview
8.2 POS Software Market Breakdown, By Deployment Type, 2018 & 2027
8.3 On-Premise
8.3.1 Overview
8.3.2 On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Cloud
8.4.1 Overview
8.4.2 Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
9. POS Software Market Analysis– By Application
9.1 Overview
9.2 North America POS Software Market Breakdown, By Application, 2018 & 2027
9.3 Inventory Tracking
9.3.1 Overview
9.3.2 Inventory Tracking Market Forecast and Analysis
9.4 Purchasing Management
9.4.1 Overview
9.4.2 Purchasing Management Market Forecast and Analysis
9.5 Sales Reporting
9.5.1 Overview
9.5.2 Sales Reporting Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 Customer Engagement
9.6.1 Overview
9.6.2 Customer Engagement Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. POS Software Market Analysis– By End User
10.1 Overview
10.2 North America POS Software Market Breakdown, By End User, 2018 & 2027
10.3 Retail
10.3.1 Overview
10.3.2 Retail Market Forecast and Analysis
10.4 Hospitality
10.4.1 Overview
10.4.2 Hospitality Market Forecast and Analysis
10.5 Media and Entertainment
10.5.1 Overview
10.5.2 Media and Entertainment Market Forecast and Analysis
10.6 Healthcare
10.6.1 Overview
10.6.2 Healthcare Market Forecast and Analysis
10.7 Others
10.7.1 Overview
10.7.2 Others Market Forecast and Analysis
11. North America POS Software Market– Country Analysis
11.1.1 North America POS Software Market Breakdown, By Country
11.1.1.1 US POS Software Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 US POS Software Market Breakdown, By Component
11.1.1.1.2 US POS Software Market Breakdown, By Deployment
11.1.1.1.3 US POS Software Market Breakdown, By Application
11.1.1.1.4 US POS Software Market Breakdown, By End user
11.1.1.2 Canada POS Software Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Canada POS Software Market Breakdown, By Component
11.1.1.2.2 Canada POS Software Market Breakdown, By Deployment
11.1.1.2.3 Canada POS Software Market Breakdown, By Application
11.1.1.2.4 Canada POS Software Market Breakdown, By End user
11.1.1.3 Mexico POS Software Market Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Mexico POS Software Market Breakdown, By Component
11.1.1.3.2 Mexico POS Software Market Breakdown, By Deployment
11.1.1.3.3 Mexico POS Software Market Breakdown, By Application
11.1.1.3.4 Mexico POS Software Market Breakdown, By End user
12. POS Software Market - Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Development
13. POS Software Market- Company Profiles
13.1 AccuPOS Point of Sale
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Clover Network, Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Dell Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Product and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Honeywell International, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Infor INC.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Ingenico Group SA
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Product and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Intuit, Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 LightSpeed POS Inc.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 ShopKeep
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Product and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Vend Limited
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Product and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. North America POS Software Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America POS Software Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 3. North America POS Software Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 4. North America POS Software Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. North America POS Software Market Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 6. US POS Software Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 7. US POS Software Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 8. US POS Software Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. US POS Software Market Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 10. Canada POS Software Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 11. Canada POS Software Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 12. Canada POS Software Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 13. Canada POS Software Market Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 14. Mexico POS Software Market Revenue and Forecast to 2027 – By Component (US$ Mn)
Table 15. Mexico POS Software Market Revenue and Forecast to 2027 – By Deployment (US$ Mn)
Table 16. Mexico POS Software Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 17. Mexico POS Software Market Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 18. Glossary of Term: POS Software Market
LIST OF FIGURES
Figure 1. POS Software Market Segmentation
Figure 2. North America POS Software Market Segmentation – By Country
Figure 3. Software segment to dominate the market by component throughout the forecast period
Figure 4. Cloud segment is expected to witness high growth
Figure 5. Sales reporting segment is expected to witness high growth
Figure 6. POS Software Market Overview
Figure 7. POS Software Market Ecosystem Analysis
Figure 8. North America – PEST Analysis
Figure 9. Impact Analysis of Drivers and Restraints Pertaining to POS Software Market
Figure 10. North America POS Software Market, Revenue and Forecast to 2027 (US$ Bn)
Figure 11. POS Software Market Breakdown, By Component, 2018 & 2027 (%)
Figure 12. North America Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 13. North America Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. POS Software Market Breakdown, By Deployment Type, 2018 & 2027 (%)
Figure 15. North America On-Premise Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Cloud Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 17. North America POS Software Market Breakdown, By Application, 2018 & 2027 (%)
Figure 18. North America Inventory Tracking Market Revenue And Forecasts To 2027(US$ Mn)
Figure 19. North America Purchasing Management Market Revenue And Forecasts To 2027(US$ Mn)
Figure 20. North America Sales Reporting Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. North America Customer Engagement Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America POS Software Market Breakdown, By End User, 2018 & 2027 (%)
Figure 24. North America Retail Market Revenue And Forecasts To 2027(US$ Mn)
Figure 25. North America Hospitality Market Revenue And Forecasts To 2027(US$ Mn)
Figure 26. North America Media and Entertainment Market Revenue And Forecasts To 2027(US$ Mn)
Figure 27. North America Healthcare Market Revenue And Forecasts To 2027(US$ Mn)
Figure 28. North America Others Market Revenue And Forecasts To 2027(US$ Mn)
Figure 29. North America POS Software Market Breakdown, By Country, 2018 & 2027(%)
Figure 30. US POS Software Market Revenue and Forecast to 2027 (US$ Mn)
Figure 31. Canada POS Software Market Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Mexico POS Software Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - North America POS Software Market
- AccuPOS, Inc.
- Clover Network, Inc
- Dell Inc
- Honeywell International Inc.
- Infor Inc.
- Ingenico Group SA
- Intuit Inc
- Lightspeed POS Inc
- Shopkeep
- Vend Limited
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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