Point of Sale (POS) Software Market: Key Players and Market Share

The point of sale (POS) software market is highly competitive, with numerous players vying for market share. In this article, we will explore some of the key players in the POS software market and their market share.

1. Square, Inc.: Square is a leading provider of POS software and hardware solutions for small and medium-sized businesses. The company’s flagship product, Square Point of Sale, offers a range of features including digital payment processing, inventory management, and customer relationship management (CRM). Square also offers a range of hardware solutions including card readers, terminals, and POS systems. According to a report by Mordor Intelligence, Square held a market share of approximately 17% in the global POS software market in 2020.
2. Shopify, Inc.: Shopify is a leading provider of e-commerce platforms and POS software solutions. The company’s POS system, Shopify POS, offers a range of features including payment processing, inventory management, and customer management. Shopify also offers a range of hardware solutions including card readers, cash drawers, and receipt printers. According to a report by Grand View Research, Shopify held a market share of approximately 10% in the global POS software market in 2020.
3. Toast, Inc.: Toast is a leading provider of POS software and hardware solutions for the restaurant industry. The company’s flagship product, Toast POS, offers a range of features including online ordering, kitchen display systems, and inventory management. Toast also offers a range of hardware solutions including terminals, printers, and displays. According to a report by Zion Market Research, Toast held a market share of approximately 7% in the global POS software market in 2020.
4. Lightspeed POS, Inc.: Lightspeed is a leading provider of cloud-based POS software solutions for small and medium-sized businesses. The company’s flagship product, Lightspeed Retail, offers a range of features including payment processing, inventory management, and customer management. Lightspeed also offers a range of hardware solutions including terminals, printers, and scanners. According to a report by ResearchAndMarkets, Lightspeed held a market share of approximately 5% in the global POS software market in 2020.
5. Intuit, Inc.: Intuit is a leading provider of financial management software solutions, including POS software. The company’s POS system, QuickBooks POS, offers a range of features including payment processing, inventory management, and customer management. QuickBooks POS also integrates with other Intuit software solutions, such as QuickBooks accounting software. According to a report by Grand View Research, Intuit held a market share of approximately 4% in the global POS software market in 2020.

In conclusion, the POS software market is highly competitive, with numerous players vying for market share. Square, Shopify, Toast, Lightspeed, and Intuit are just a few of the key players in the market, with each offering a range of innovative solutions to meet the needs of businesses across a range of industries. As the market continues to evolve, businesses that adopt innovative POS solutions from these key players will be best positioned to succeed in the rapidly changing digital landscape.