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.
Rising Demand for Customer-Centric and Cost-Efficient POS Solutions
The growing need for customer-focused solutions is driving the demand for cost-effective and value-added services across industries. Point-of-Sale (POS) software offers a practical and affordable solution for both businesses and customers. It is widely utilized in various functions, including inventory and sales management, store operations, order and promotion handling, procurement and reordering, secure payment processing, customer loyalty programs, report generation, and real-time data analytics. Additionally, cloud-based POS software helps reduce operational costs while enhancing service delivery. Vendors in the POS software market are increasingly investing in advanced features and services to meet evolving customer needs, which significantly contributes to the expansion of the POS software market in Europe.
Impact of the COVID-19 Pandemic on the Europe POS software
During the COVID-19 pandemic, European governments recognized the need to support businesses of all sizes. The crisis severely disrupted operations across public and private sectors, with countries such as Russia, the UK, France, Italy, Spain, and Germany being among the most affected. Many businesses faced substantial economic challenges, either halting operations or drastically scaling down their activities. Consumer spending in areas such as apparel and discretionary goods was temporarily postponed, with expectations for recovery once lockdown restrictions were lifted. Despite widespread disruptions, the software industry proved more resilient than sectors like automotive and manufacturing. Many businesses adopted remote work models, allowing software providers—including POS vendors—to continue operations and even meet increased digital demand during the pandemic.
Europe POS software market Segments Covered
Europe POS software market By Component
- Software and Services
Europe POS software market By Deployment
- On Premise and Cloud
Europe POS software market By Application
- Inventory Tracking
- Purchasing Management
- Sales Reporting
- Customer Engagement
- Booking System
- Payroll and Team Management
Europe POS software market By Enterprise Size
- Small Enterprises
- Medium Enterprises
- Large Enterprises
Europe POS software market By End User
- Retail and Consumer Goods
- Restaurants
- Hospitality
- Media and Entertainment
- Transportation and Logistics
- Healthcare
Europe POS software market Regions and Countries Covered
Europe
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Company Profiles
- AWEK microdata GmbH
- Clover Network, Inc.
- dascus GmbH
- Dotypos
- GK Software SE
- LightSpeed Commerce Inc.
- orderbird AG
- ready2order GmbH
- Shore GmbH
- Block, Inc.
Component-Based Europe POS Software Market Insights
Based on component, the Europe POS software market is segmented into software and service. POS software is widely used in retail and hospitality businesses. Appropriate POS software allows companies a new level of control for their respective operations. The software increases efficiency and accelerates profit. An inappropriate selection of software might result in a wastage of time and money. The software requirements vary from application to application.
Deployment-Based Europe POS Software Market Insights
Based on deployment, the Europe POS software market is segmented into on-premise and cloud. The on-premise software is deployed within the company’s IT infrastructure. The software is solely responsible for maintaining, upgrading, and performing all organization operations. It provides more protection and security than a cloud computing infrastructure. However, enterprises deploying on-premises software face challenges concerning the high costs involved in installing, managing, upgrading, and maintaining complete solutions, thereby limiting the procurement of newer on-site solutions.
Application-Based Europe POS Software Market Insights
The Europe POS software market, based on application, is segmented into inventory tracking, purchasing management, sales reporting, customer engagement, booking system, payroll and team management, and others. In the case of product-based companies, the chances of human errors in managing inventory are high. One of the most critical functions of a POS system is inventory management. The software keeps a proper record of products that assists the end-users in making decisions on when to order and when not to order particular products. The software helps user control all inventory operations, monitor purchase costs, and do quick inventory checks.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
