Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Australia POS Market, By Region, Competition, Forecast and Opportunities, 2018-2028F" report has been added to ResearchAndMarkets.com's offering.
The research on the Australia POS market reveals a projected robust growth from 2018 through 2028, with an emphasis on technological advancements and evolving consumer behaviors. According to the report, the market was valued at USD 515.71 million and is expected to grow at a CAGR of 12.48% during the forecast period.
The Point of Sale (POS) industry in Australia is experiencing a paradigm shift with the widespread adoption of cloud-based systems and the surge in demand for contactless payment solutions. The research highlights how cloud-based POS systems offer scalability and flexibility, making them a popular choice among businesses of varying sizes. These systems enable real-time data analytics and inventory management, crucial for data-driven decision-making and operational optimization.
Contactless payments have also become increasingly adopted, especially as the COVID-19 pandemic heightened the need for safer and more hygienic payment methods. The research notes that businesses have rapidly implemented Near Field Communication (NFC)-enabled POS terminals to meet consumer demand for secure and quick transactions.
Integration with e-commerce and providing a unified customer experience across various channels has become another key driver within the POS market in Australia. The report underscores that POS vendors are now focusing on delivering systems with omni-channel capabilities, which is critical for businesses aiming to manage their operations seamlessly across online and offline platforms.
Furthermore, data security and compliance with regulations such as the Payment Card Industry Data Security Standard (PCI DSS) have significantly influenced market dynamics. With consumers increasingly concerned about their data privacy, POS providers are concentrating on offering secure and compliant solutions to protect businesses and consumers alike.
The research also offers segmental insights, particularly emphasizing the dominance of fixed POS systems and the retail end-user segment. The report provides a thorough analysis of regional market dynamics, with the Capital Territory & New South Wales being identified as the region exhibiting a commanding presence within the market. This region's growth is propelled by a combination of a strong economy, technological innovation, and a culture of adoption of advanced solutions.
In conclusion, as the market undergoes rapid transformation, businesses in Australia leverage the latest POS technologies to enhance efficiency, ensure security, and meet the heightened expectations of modern consumers. The report offers valuable insights into market drivers, trends, challenges, and opportunities that shape the Australian POS industry's landscape.
Key Takeaways from the Australia POS Market Research:
- Significant growth in the Australian POS market, with a focus on technological advancements.
- Adoption of cloud-based and contactless payment solutions as major market drivers.
- Integration with e-commerce and omni-channel retailing as crucial trends.
- Increased emphasis on data security and regulatory compliance.
- Fixed POS terminals and the retail sector continue to dominate the market.
- Capital Territory & New South Wales region leads in terms of market dominance.
This report provides an in-depth analysis for businesses, investors, and stakeholders interested in understanding the dynamics of the Australian POS market and the factors fueling its growth.
Report Scope:
In this report, the Australia POS market has been segmented into the following categories:
Australia POS Market, By Terminal Type:
- Fixed POS
- Mobile POS
Australia POS Market, By Deployment Mode:
- On-Premises
- Cloud
Australia POS Market, By Operating System:
- Windows
- Android
- iOS
Australia POS Market, By End User:
- Retail
- Travel & Hospitality
- Government
- BFSI
- Healthcare & Pharmaceuticals
- Media & Entertainment
- Transportation
- Logistics
- Others
Australia POS Market, By Region:
- Australia Capital Territory & New South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern Australia
- Western Australia
Company Profiles:
- Clover Australia Pty Ltd
- Micros Systems, Inc.
- NCR Australia Pty Ltd
- Lightspeed POS Inc.
- Epos Now Australia Pty Ltd
- ShopKeep Australia Pty Ltd
- Square Australia Pty Ltd
- Toast POS Australia Pty Ltd
- Vend POS Australia Pty Ltd
- Kounta POS Pty Ltd
For more information about this report visit https://www.researchandmarkets.com/r/fjqfso
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