The Asia Pacific Point-of-Sale Software Market should witness market growth of 11.5% CAGR during the forecast period (2022-2028).
Due to its accessibility and affordability via the Internet or web browser, web-based POS software has gained traction among small and medium-sized businesses, predicted to accelerate market growth over the forecast period. In addition, the increased demand for cloud-based solutions has created favorable conditions for cloud-based point-of-sale software, driving the market growth. Moreover, the point-of-sale (POS) software market is driven by the need to execute cashless transactions, track sales, and inventory records, and establish sales strategies through analytics in retail chains, restaurants, hotels, pharmacies, auto shops, etc.
In the previous two decades, the expansion of internet access and several technical breakthroughs, including 5G, blockchain,Internet of Things (IoT), cloud services,and Artificial Intelligence (AI), among others, have contributed considerably to the expansion of the economy. In addition, the expansion of the ICT industry has contributed greatly to the rise of the economy's gross domestic product, labor productivity, and spending on research and development, among other economic shifts. In addition, creating goods &services in the IT industry contributes to economic growth and expansion. These are a few of the significant variables that are driving market expansion.
India's tourism & hospitality sector has grown amongst one of the key drivers responsible for developing the nation's services economy as one of the most popular travel destinations across the world. Moreover, India's tourist industry has a lot of potential since, like many other countries, travel and tourism are significant sources of foreign exchange. The travel and hospitality sector, which includes accommodations like hotels and restaurants, is often recognized as a development engine, a driver of socioeconomic growth, and a key source of foreign exchange earnings in many countries. In addition to promoting India's wonderful history, culture, and diversity, tourism has a significant positive impact on the nation's economy. These factors are boosting the regional market's expansion.
The China market dominated the Asia Pacific Point-of-Sale Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,719.8 million by 2028. The Japan market is estimated to grow a CAGR of 10.9% during (2022-2028). Additionally, The India market would display a CAGR of 12.2% during (2022-2028).
Based on Application, the market is segmented into Fixed POS, and Mobile POS. Based on Deployment Mode, the market is segmented into On-Premise, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on End-user, the market is segmented into Retail, Restaurants, Hospitality, Warehouse, Healthcare, Entertainment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc. (Clover Network, Inc.), Oracle Corporation, Toast, Inc., NCR Corporation, Revel Systems (Welsh, Carson, Anderson & Stowe), MSL Solutions Limited (Pemba Capital Partners), Block, Inc., H&L POS (Valsoft Corporation), Idealpos Solutions Pty Ltd and TouchBistro, Inc.
Due to its accessibility and affordability via the Internet or web browser, web-based POS software has gained traction among small and medium-sized businesses, predicted to accelerate market growth over the forecast period. In addition, the increased demand for cloud-based solutions has created favorable conditions for cloud-based point-of-sale software, driving the market growth. Moreover, the point-of-sale (POS) software market is driven by the need to execute cashless transactions, track sales, and inventory records, and establish sales strategies through analytics in retail chains, restaurants, hotels, pharmacies, auto shops, etc.
In the previous two decades, the expansion of internet access and several technical breakthroughs, including 5G, blockchain,Internet of Things (IoT), cloud services,and Artificial Intelligence (AI), among others, have contributed considerably to the expansion of the economy. In addition, the expansion of the ICT industry has contributed greatly to the rise of the economy's gross domestic product, labor productivity, and spending on research and development, among other economic shifts. In addition, creating goods &services in the IT industry contributes to economic growth and expansion. These are a few of the significant variables that are driving market expansion.
India's tourism & hospitality sector has grown amongst one of the key drivers responsible for developing the nation's services economy as one of the most popular travel destinations across the world. Moreover, India's tourist industry has a lot of potential since, like many other countries, travel and tourism are significant sources of foreign exchange. The travel and hospitality sector, which includes accommodations like hotels and restaurants, is often recognized as a development engine, a driver of socioeconomic growth, and a key source of foreign exchange earnings in many countries. In addition to promoting India's wonderful history, culture, and diversity, tourism has a significant positive impact on the nation's economy. These factors are boosting the regional market's expansion.
The China market dominated the Asia Pacific Point-of-Sale Software Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,719.8 million by 2028. The Japan market is estimated to grow a CAGR of 10.9% during (2022-2028). Additionally, The India market would display a CAGR of 12.2% during (2022-2028).
Based on Application, the market is segmented into Fixed POS, and Mobile POS. Based on Deployment Mode, the market is segmented into On-Premise, and Cloud. Based on Organization Size, the market is segmented into Large Enterprises, and SMEs. Based on End-user, the market is segmented into Retail, Restaurants, Hospitality, Warehouse, Healthcare, Entertainment, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc. (Clover Network, Inc.), Oracle Corporation, Toast, Inc., NCR Corporation, Revel Systems (Welsh, Carson, Anderson & Stowe), MSL Solutions Limited (Pemba Capital Partners), Block, Inc., H&L POS (Valsoft Corporation), Idealpos Solutions Pty Ltd and TouchBistro, Inc.
Scope of the Study
By Application
- Fixed POS
- Mobile POS
By Deployment Mode
- On-Premise
- Cloud
By Organization Size
- Large Enterprises
- SMEs
By End-user
- Retail
- Restaurants
- Hospitality
- Warehouse
- Healthcare
- Entertainment
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fiserv, Inc. (Clover Network, Inc.)
- Oracle Corporation
- Toast, Inc.
- NCR Corporation
- Revel Systems (Welsh, Carson, Anderson & Stowe)
- MSL Solutions Limited (Pemba Capital Partners)
- Block, Inc.
- H&L POS (Valsoft Corporation)
- Idealpos Solutions Pty Ltd
- TouchBistro, Inc.
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. Asia Pacific Point-of-Sale Software Market by Application
Chapter 5. Asia Pacific Point-of-Sale Software Market by Deployment Mode
Chapter 6. Asia Pacific Point-of-Sale Software Market by Organization Size
Chapter 7. Asia Pacific Point-of-Sale Software Market by End-user
Chapter 8. Asia Pacific Point-of-Sale Software Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Fiserv, Inc. (Clover Network, Inc.)
- Oracle Corporation
- Toast, Inc.
- NCR Corporation
- Revel Systems (Welsh, Carson, Anderson & Stowe)
- MSL Solutions Limited (Pemba Capital Partners)
- Block, Inc.
- H&L POS (Valsoft Corporation)
- Idealpos Solutions Pty Ltd
- TouchBistro, Inc.
Methodology
LOADING...
Related Reports
From
From
From
From
About the POS Software Market
The POS Software market is a subset of the larger Software market. It is composed of software solutions that enable businesses to process sales transactions, manage inventory, and track customer data. POS Software is used by a variety of businesses, from small retail stores to large hospitality chains. It is designed to streamline the checkout process, reduce errors, and provide customers with a better shopping experience. POS Software can also be used to generate reports, analyze customer data, Read more
This product is a market research report. Each license type allows a set number of users to access the report. Please select an option from the list below. This product is a market research report. This is a single user license, allowing one user access to the product. The product is a PDF. This product is a market research report. This is a site license, allowing all users within a given geographical location of your organization access to the product. The product is a PDF. This product is a market research report. This is an enterprise license, allowing all employees within your organization access to the product. The product is a PDF. 
