Point of Sale Software Developers in the UK - Industry Market Research Report

Small but mighty sales: The rise of contactless payments make SMEs a growing market

Over the five years through 2022-23, revenue is expected to grow at a compound annual rate of 2.5% to £181.2 million. The industry has expanded despite turbulence in major markets, especially during the COVID-19 pandemic when high-street shops and restaurants closed. The rise of e-commerce has presented a threat to developers, as retailers are their largest market. The pandemic has accelerated uptake of online retail platforms like Amazon and Etsy, which has dampened the potential market for POS software sales. Companies in this industry develop point of sale (POS) software, which is required for transactions, stock controls and other retail functions. Customers usually pay a subscription to the software developer or a fee per transaction made through the software. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.