Market Overview:
The global Hospitality Point of Sale Software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based POS software and the growing trend of using mobile devices for POS transactions. The global Hospitality Point of Sale Software market can be segmented on the basis of type into fixed POS terminals and mobile POS terminals. The fixed POS terminal segment is expected to hold a larger share in the market than the mobilePOS terminal segment duringthe forecast period. This can be attributedto their low cost and easy installation as compared tomobilePOS terminals.
Product Definition:
Hospitality Point of Sale Software is a type of software that is used in the hospitality industry to manage transactions. This software can be used to manage everything from sales and inventory to customer relationships. The importance of Hospitality Point of Sale Software lies in its ability to help businesses in the hospitality industry streamline their operations and improve customer service.
Fixed POS Terminal:
Fixed POS terminal (FPOS) is a computer system used in retail stores, restaurants or hotels to process payment transactions. It is also known as Point of Sale (POS) machine, mobile POS or cash register. The FPOS terminals are designed with features that help businesses manage sales and inventory along with other operations such as managing customer data and employee time management. These terminals have advanced software systems that enable users to complete daily sales reports in less time along with printing the same for future references.
Mobile POS Terminal:
Mobile POS terminal is a software application that allows the Point of Sale (POS) system to be used on smartphones and tablets. The POS terminals are widely used in quick-service restaurants, full-service restaurants, bars/ nightclubs, hotels/motels and other commercial places for processing sales transactions.
Application Insights:
The small and medium enterprises segment held the largest market share of more than 60% in 2017. This is attributed to the fact that these companies need POS software with easy to use and flexible functionalities. These solutions should also be able to handle different types of transactions, allow staff members to perform their duties efficiently, offer a clean interface for displaying information from various departments within an organization including front office, kitchen, bar & lounge and back office. Furthermore, these solutions should also provide accurate inventory management so as not to suffer losses due largely in part because of human errors during checkout process or charge backs which can lead into heavy financial losses for SMEs.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to several factors such as increasing adoption of advanced technologies, high disposable income and demand for food and beverage services across various corporate events, conferences, and trade shows. Moreover, presence of a large number of key players in this region is also expected to drive the growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising demand from SMEs for POS software with features that enable them manage their business efficiently while ensuring customer satisfaction at all times. Furthermore, growing penetration rates for payment terminals with built-in POS software among restaurants chains are driving regional market development opportunities across countries such as China and India where hospitality industry is booming at a rapid pace due to increasing tourism activities supported by an improving economy & low unemployment rate compared to other regions around world (e.g., U.S.).
Growth Factors:
- Increasing demand for cloud-based POS software due to its scalability and flexibility
- Growing demand from small and medium-sized businesses (SMBs) for cost-effective and easy-to-use POS systems
- Proliferation of mobile devices and the growing trend of mPOS systems
- Rising adoption of cloud computing among retailers, restaurateurs, and other hospitality businesses
- Emergence of new technologies such as near field communication (NFC) that are expected to revolutionize the POS market
Scope Of The Report
Report Attributes
Report Details
Report Title
Hospitality Point Of Sale Software Market Research Report
By Type
Fixed POS Terminal, Mobile POS Terminal
By Application
SMEs, Large Enterprises
By Companies
ORACLE MICROS (AdaptIT), NCR Corporation, Clover Network, INC., Lightspeed, ThinnPro, Square, Inc., Sapaad, inTouch Point of Sale, TouchBistro, Vectron Systems Pty Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Hospitality Point Of Sale Software Market Report Segments:
The global Hospitality Point Of Sale Software market is segmented on the basis of:
Types
Fixed POS Terminal, Mobile POS Terminal
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ORACLE MICROS (AdaptIT)
- NCR Corporation
- Clover Network, INC.
- Lightspeed
- ThinnPro
- Square, Inc.
- Sapaad
- inTouch Point of Sale
- TouchBistro
- Vectron Systems Pty Ltd.
Highlights of The Hospitality Point Of Sale Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fixed POS Terminal
- Mobile POS Terminal
- By Application:
- SMEs
- Large Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hospitality Point Of Sale Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hospitality Point of Sale Software is a software that helps businesses manage their sales and inventory. It allows businesses to track sales, inventory, and customer data.
Some of the major players in the hospitality point of sale software market are ORACLE MICROS (AdaptIT), NCR Corporation, Clover Network, INC., Lightspeed, ThinnPro, Square, Inc., Sapaad, inTouch Point of Sale, TouchBistro, Vectron Systems Pty Ltd..
The hospitality point of sale software market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hospitality Point Of Sale Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hospitality Point Of Sale Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hospitality Point Of Sale Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hospitality Point Of Sale Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hospitality Point Of Sale Software Market Size & Forecast, 2018-2028 4.5.1 Hospitality Point Of Sale Software Market Size and Y-o-Y Growth 4.5.2 Hospitality Point Of Sale Software Market Absolute $ Opportunity
Chapter 5 Global Hospitality Point Of Sale Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hospitality Point Of Sale Software Market Size Forecast by Type
5.2.1 Fixed POS Terminal
5.2.2 Mobile POS Terminal
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hospitality Point Of Sale Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hospitality Point Of Sale Software Market Size Forecast by Applications
6.2.1 SMEs
6.2.2 Large Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hospitality Point Of Sale Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hospitality Point Of Sale Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hospitality Point Of Sale Software Analysis and Forecast
9.1 Introduction
9.2 North America Hospitality Point Of Sale Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hospitality Point Of Sale Software Market Size Forecast by Type
9.6.1 Fixed POS Terminal
9.6.2 Mobile POS Terminal
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hospitality Point Of Sale Software Market Size Forecast by Applications
9.10.1 SMEs
9.10.2 Large Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hospitality Point Of Sale Software Analysis and Forecast
10.1 Introduction
10.2 Europe Hospitality Point Of Sale Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hospitality Point Of Sale Software Market Size Forecast by Type
10.6.1 Fixed POS Terminal
10.6.2 Mobile POS Terminal
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hospitality Point Of Sale Software Market Size Forecast by Applications
10.10.1 SMEs
10.10.2 Large Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hospitality Point Of Sale Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hospitality Point Of Sale Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hospitality Point Of Sale Software Market Size Forecast by Type
11.6.1 Fixed POS Terminal
11.6.2 Mobile POS Terminal
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hospitality Point Of Sale Software Market Size Forecast by Applications
11.10.1 SMEs
11.10.2 Large Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hospitality Point Of Sale Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Hospitality Point Of Sale Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hospitality Point Of Sale Software Market Size Forecast by Type
12.6.1 Fixed POS Terminal
12.6.2 Mobile POS Terminal
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hospitality Point Of Sale Software Market Size Forecast by Applications
12.10.1 SMEs
12.10.2 Large Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hospitality Point Of Sale Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hospitality Point Of Sale Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hospitality Point Of Sale Software Market Size Forecast by Type
13.6.1 Fixed POS Terminal
13.6.2 Mobile POS Terminal
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hospitality Point Of Sale Software Market Size Forecast by Applications
13.10.1 SMEs
13.10.2 Large Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hospitality Point Of Sale Software Market: Competitive Dashboard
14.2 Global Hospitality Point Of Sale Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ORACLE MICROS (AdaptIT)
14.3.2 NCR Corporation
14.3.3 Clover Network, INC.
14.3.4 Lightspeed
14.3.5 ThinnPro
14.3.6 Square, Inc.
14.3.7 Sapaad
14.3.8 inTouch Point of Sale
14.3.9 TouchBistro
14.3.10 Vectron Systems Pty Ltd.