North America POS Software Market is expected to reach US$ 10171.9 Million by 2027 with CAGR of 12.1%.

The point of sale (POS) or point of purchase (POP) is the time and place where the retail transaction is completed. At the point of sale, the merchant calculates the amount the customer should pay, shows the amount, creates an invoice to the customer (which may be the cashier's print), and gives the customer an option to make the payment. It is also the point where customers pay merchants in exchange for goods or after providing services. After receiving the payment, the merchant can issue a receipt for the transaction. It is usually printed, but you can also send it electronically, either unnecessarily or electronically.

The POS Software market in North America is expected to grow from US$ 3,718.6 Mn in 2018 to US$ 10,171.9 Mn by the year 2027 at a CAGR of 12.1% during the forecast period.

Merchants can use a variety of devices such as weigh scales, bar code scanners and cash registers to calculate how much their customers should pay. You can use payment terminals, touch screens, and other hardware and software options to make payments.

POS is often called POS because it is not just a POS but also a return or customer order. POS terminal software may also include features for additional functionality such as inventory management, CRM, finance, and warehouse.

The Technology, Media and Telecom sector is a group of industries that includes the majority of companies focused on new technologies. As this industry segment is widespread, it may be convenient to divide TMT into sub-sectors such as hardware, semiconductor, software, media and communications.

The North America POS Software market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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In the era of continuous technological development, the POS software is expected to be introduced in new technologies for the benefit of diversified industries. The biometric POS systems might include machines that can be equipped with either a biometric module or biometric cards. Therefore, the development of authentication options for making payment through mobile POS is also gaining traction. This factor is likely to drive the POS software market. The North America POS software market is expected to grow at a good CAGR during the forecast period. The POS software then helps businesses organize this information and synchronize and distribute it to different departments—marketing, sales, customer service, and technical support—to improve customer experience and acquisition.

These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for POS Software assays in the market.

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North America POS Software Market–Segmentation

By Component

• Software
• Services

By Deployment

• On-Premise
• Cloud

By Application

• Inventory Tracking
• Purchasing Management
• Sales Reporting
• Customer Engagement
• Others

By End User

• BFSI
• Hospitality
• Media and Entertainment
• Retail
• Others

By Country

• United States
• Canada
• Mexico

Companies Mentioned

• AccuPOS, Inc.
• Clover Network, Inc
• Dell Inc
• Honeywell International Inc.
• Infor Inc.
• Ingenico Group SA
• Intuit Inc
• Lightspeed POS Inc
• Shopkeep
• Vend Limited

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Posted by Rajat Sahni on Monday July 13 2020, 7:59 AM EST. All trademarks acknowledged. Filed under Data Centers, Manufacturing, Security Systems, Semiconductors, Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications. Comments and Trackbacks closed. Follow responses: RSS 2.0