Europe Point-of-Sale Software Market: By Device Type (Mobile POS, Tablet POS, Desktop/ Traditional POS, Pin Pad, Others), By Deployment Type (Cloud, On-Premises), By Application (Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment, Others) and Country

Europe Point-of-Sale Software Markets size was valued at USD 5,700 million in 2023 and grew at 10.58% CAGR over the historical years (2019 - 2023). The market is projected to reach USD 11,482.4 million by 2030 at a CAGR of 9.84% over the forecast period (2024-2030). The demand for convenience is driving businesses to use cloud-based platforms and e-commerce stores to integrate their inventory with online channels. Advanced POS software makes this possible by providing multi-channel solutions for managing inventory, tracking customers, and processing orders across several sales channels. This seamless connectivity increases data quality, productivity, and consumer interaction, allowing merchants to remain competitive in a shifting market. Furthermore, the European Commission's efforts to streamline retailers' payment acceptance facilities are driving industry expansion. The European Commission will have an action plan in place by next year as part of its retail payments strategy to assist in the modernization and simplification of payment acceptance facilities for EU retailers. This support could be provided through guidelines and increased awareness among retailers.

Europe Point-of-Sale Software Market Key Developments:

• On March 12, 2024, NCR Voyix Corporation, a leading global platform and provider of digital commerce solutions for the retail, restaurant, and banking industries, announced that it has partner with Nicolet National Bank. Where Nicolet Bank, with $8.5 billion in assets, has chosen NCR Voyix to enhance and improve its digital banking customer experience.
• In March 2022, PayXpert launched "PayXpress" and teamed up with NetPay to provide Android point-of-sale (POS) devices to shops in Taiwan, France, and Spain. Travel, hospitality, and retail enterprises, such as lodging facilities, restaurants, transportation/taxi services, and high-end apparel labels, can benefit greatly from the PayXpress Point-of-Sale system. The solution allows businesses to accept Visa, MasterCard, American Express, Alipay, and WeChat using a single Point-of-Sale device.