Dublin, April 01, 2022 (GLOBE NEWSWIRE) — The report “Europe POS Software Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Component, Deployment, Application, Enterprise Size, and End User” has been added to from ResearchAndMarkets.com offer.
The European Point of Sale 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% over the period 2021-2028.
POS solution providers can seize growth opportunities by integrating advanced technologies, such as big data analytics and IoT, into POS solutions. One of the biggest benefits of the POS solution is its ability to extract valuable insights from POS transactions that can help business owners make smarter business decisions.
For example, ShopKeep, a provider of POS solutions for small businesses, offers data and generates reports that provide a comprehensive overview of transaction details. Detailed reports include inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing requirements. With these features and technologies, vendors can attract new customers and expand their footprint in the emerging POS software market in Europe.
Based on components, the European point of sale software market is segmented into software and services. The market, based on deployment, is segmented into on-premise and cloud. The European point of sale software market, by application, is segmented into inventory tracking, purchasing management, sales reporting, customer engagement, reservation system, payroll and team management, etc.
Based on company size, the market is segmented into small, medium and large companies. Based on the end user, the European point of sale software market is segmented into consumer and retail goods, restaurants, hospitality, media and entertainment, transportation and logistics, healthcare, etc.
The European government has realized that all businesses, regardless of size, need help during the COVID-19 outbreak. The crisis has had a negative impact on the commercial operations of public and private companies in Europe. Russia, UK, France, Italy, Spain and Germany are among the most affected member states in Europe due to the COVID-19 outbreak.
Businesses in the region are facing severe economic hardship as they suspend operations or drastically reduce operations. However, the software industry is not affected like industries, such as automotive and manufacturing, as companies have allowed their employees to work from home.
A few major players operating in the market are AWEK microdata GmbH; Clover Network, Inc.; Dascus GmbH; Dotypos; GK Software SE; LightSpeed Commerce Inc.; orderbird AG; ready2order GmbH; Shore GmbH; and Block, Inc.
Key market dynamics
- Growing demand for real-time tracking and hassle-free delivery services
- Growing concept of cashless transaction due to digitalization
- Lack of supporting internet infrastructure
- Integration of advanced technologies with the POS solution
- The Retail Industry’s Booming Market for Point of Sale Terminals
- Emergence of Biometric Point of Sale in the Retail Industry
- AWEK microdata GmbH
- Clover Network, Inc.
- dascus GmbH
- GK Software SE
- LightSpeed Commerce Inc.
- orderbird AG
- ready2order GmbH
- Shore GmbH
- Block, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/ssmem
Europe Point of Sale Software Market