Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) — The “Global SoftPOS Market Size, Share & Trends Analysis, 2023-2030” report has been added to ResearchAndMarkets.com’s offering.
Small & Medium Businesses Spearhead Adoption
This market analysis report indicates that the global SoftPOS market size will register a considerable CAGR of 22.3% through 2023 to 2030. The report highlights how the escalation in contactless payment methods is substantially driving this expansion. Micro and small businesses are especially identified as catalysts in adopting SoftPOS technologies, given the relatively lower costs and ease of use for card payment solutions.
iOS Operating System Segment to Witness Significant Growth
Among the operating systems, iOS is anticipated to display a strong growth trajectory. The proliferation of iPhones globally and their surging market share, as reported by StatCounter, showcases an increased inclination towards iOS-based SoftPOS solutions.
Retail Sector Leverages SoftPOS for Enhanced Operational Efficiency
In the end-use segmentation, retail emerges as an industry poised for substantial growth in utilizing SoftPOS solutions. Retailers are leveraging the versatility and compatibility of NFC-enabled devices provided by SoftPOS systems, which support operational efficacy.
Asia Pacific Demonstrates Impressive Growth Potential
Regionally, the Asia Pacific market is set to grow notably due to the surging demand for contactless payment options. The adaptation of SoftPOS systems in diverse sectors evidences the region’s dynamic shift towards embracing digitalized payment solutions post-pandemic.
Market Highlights
- The report underscores the surge in SoftPOS adoption in light of growing contactless transactions.
- In-depth analysis reveals substantial uptake among micro and small businesses.
- iOS captures attention with its accelerated growth rate in the SoftPOS market.
- A spotlight is shone on the retail segment, benefiting from the operational advantages of SoftPOS.
- Asia Pacific is acknowledged as a key region experiencing brisk growth in digital payment acceptance.
Deep-Dive Analysis of SoftPOS Penetration across Industries
SoftPOS technologies have become a game-changer for merchants striving to optimize payment systems. The integration of smartphones and tablets as payment terminals is transforming the landscape, further fueled by the post-COVID-19 push towards digital transactions. The market is also influenced by the strategic deployment of these technologies by key market players.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 100 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $255.4 Million |
| Forecasted Market Value (USD) by 2030 | $1243.9 Million |
| Compound Annual Growth Rate | 22.3% |
| Regions Covered | Global |
Companies Profiled
- Tidypay
- Worldline
- Alcinéo
- Wizzit (Pty) Ltd.
- Bindo Labs Group Limited
- Fairbit
- Fime SAS
- Yazara
- Asseco South Eastern Europe
- CM.com
For more information about this report visit https://www.researchandmarkets.com/r/soa6a9
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