According to the latest market study on "Europe POS Software Market Forecast to 2028 - COVID-19 Impact and Analysis - by Component, Deployment, Application, Enterprise Size, and End User" the market is projected to reach US$ 6,308.14 million by 2028 from US$ 3,405.81 million in 2021; it is expected to grow at a CAGR of 9.2% from 2021 to 2028.
By incorporating advanced technologies like IoT and big data analytics into their POS solutions, POS solution providers can capitalize on growth opportunities. A key benefit of POS solutions is their ability to extract valuable information from transactions, enabling business owners to make informed decisions. For example, ShopKeep, a provider of POS solutions for small businesses, offers data analysis and generates reports that provide a comprehensive overview of transaction details. These reports include analysis of inventory and volume, top-selling items, optimization of revenue and profit margins, and staffing requirements. By offering such features and technologies, vendors can attract new customers and expand their presence in the rapidly developing Europe POS software market.
The Europe POS software market based on component is segmented into software and service. The market, based on deployment, is segmented into on-premise and cloud. The Europe POS software market, by application, is segmented into inventory tracking, purchasing management, sales reporting, customer engagement, booking system, payroll and team management, and others. Based on enterprise size, the market is segmented into small enterprises, medium enterprises, and large enterprises. 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.
AWEK microdata GmbH; Clover Network, Inc.; dascus GmbH; Dotypos; GK Software SE; LightSpeed Commerce Inc.; orderbird AG; ready2order GmbH; Shore GmbH; and Block, Inc. are among the key companies profiled in the Europe POS software market. Several other players are also functioning in the market, contributing significant revenue shares year-on-year.
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