europe pos software Market

The Europe POS 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% during 2021-2028.

By incorporating advanced technologies like IoT and big data analytics, point of sale (POS) solution providers can capitalize on growth opportunities. POS solutions offer the advantage of extracting valuable insights from transactions, enabling business owners to make informed decisions. For instance, ShopKeep, a POS solution provider for small businesses, generates comprehensive reports that offer a complete overview of transaction details, including inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs. By leveraging such features and technologies, vendors can attract new customers and expand their market share in the growing European 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.

The European government acknowledged that businesses of all sizes require support during the COVID-19 pandemic, which has had a detrimental impact on the operations of both public and private companies throughout the region. Among EU member states, Russia, the UK, France, Italy, Spain, and Germany have been hit particularly hard by the outbreak, resulting in significant economic challenges for businesses as they either halt or scale back their operations. Nevertheless, unlike industries such as manufacturing and automotive, the software industry remains relatively unaffected due to the ability of businesses to allow their employees to work remotely.

The Europe POS software market size has been determined through a comprehensive approach that incorporates both primary and secondary sources. The research process began with thorough secondary research using internal and external sources to gather qualitative and quantitative information pertaining to the market. This process aimed to provide an overview and forecast of the Europe POS software market across all segments. Additionally, primary interviews were conducted with industry participants and commentators to verify the data and obtain further analytical insights on the subject matter. The interviewees included industry experts like VPs, business development managers, market intelligence managers, and national sales managers, as well as external consultants such as valuation experts, research analysts, and key opinion leaders who specialize in the Europe POS software market.

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.