Developers of point-of-sale software have experienced steady growth in the past five years, benefiting from downstream customers' increased reliance on computers. Private investment in computers and software has risen steadily alongside corporate profit, driving higher sales to retail, wholesale and accommodation and food service industries. The industry has also begun a period consolidation as large companies attempt to expand into niche markets, which has boosted profit margins. Revenue is expected to continue expanding in the next five years, as growth of downstream businesses and technological improvements, including cloud-based computing, continue to propel demand.
This industry develops point-of-sale (POS) software, which manages and facilitates sales at the physical location goods are sold. POS software varies significantly depending on the type of business using it and can provide extended features such as sales analysis and history, appointment scheduling and inventory management.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.