Point Of Sale Software Market registering a CAGR of 9.5% over the forecast period 2021 to 2028.
Point Of Sale Software Industry Overview The global point of sale software market size was valued at USD 9.26 billion in 2020 and is expected to register a compound annual growth rate (CAGR) of 9.5% from 2021 to 2028. The COVID-19 pandemic negatively affected several business sectors including retail, restaurant, travel, and entertainment, subsequently affecting the profitability of point of sale (POS) software vendors. However, increased demand for contactless payment options came as respite, creating a favorable scenario for market players. Although the pandemic had an adverse impact on several sectors, a few industries including retail and restaurants sustained due to online shopping and food delivery system. The shift to online sales led to a rise in the number of online food deliveries and groceries that favored the demand for contactless payment getaways. POS solutions have made in-roads to several sectors owing to their ability to offer custom and advanc...