Australia POS Market to be Led by Surge in Data Security & Regulatory Compliance
Integration
with E-Commerce & Omni-Channel Retailing propelling Australia POS market during
the forecast period 2018-2028
According
to TechSci Research report, “Australia
POS Market – By Region, Competition, Forecast and Opportunities, 2018-2028F”
The Point of Sale (POS) market in Australia has witnessed significant growth
and transformation in recent years. With the rapid advancement of technology
and changing consumer preferences, businesses across various industries have
been increasingly investing in modern POS systems to streamline their
operations and enhance the overall customer experience. The Australian POS
market is diverse, catering to a wide range of businesses, from small retailers
to large hospitality chains and e-commerce platforms. One of the key drivers of
growth in the Australian POS market is the shift towards cloud-based POS
systems. These solutions offer scalability, flexibility, and remote
accessibility, making them highly attractive to businesses of all sizes.
Cloud-based POS systems also enable real-time data analytics, inventory
management, and seamless integration with e-commerce platforms, allowing
businesses to make data-driven decisions and optimize their operations.
Another
notable trend in the Australian POS market is the increasing demand for
contactless payment solutions. The COVID-19 pandemic accelerated the adoption
of contactless payments, and businesses have been quick to adapt by
implementing NFC-enabled POS terminals. These terminals facilitate faster and
more secure transactions, aligning with the preferences of tech-savvy consumers
and contributing to overall efficiency. Furthermore, the hospitality industry
in Australia has embraced POS technology to a significant extent. Restaurants,
cafes, and bars have adopted advanced POS systems to manage orders,
reservations, and inventory efficiently. These systems often come with features
like tableside ordering and payment processing, improving the dining experience
for both customers and staff.
E-commerce
continues to thrive in Australia, and this has led to an increased demand for
integrated POS and e-commerce solutions. Businesses are looking for seamless
ways to manage their online and offline sales channels, synchronize inventory,
and provide a consistent customer experience across all touchpoints.
Consequently, POS vendors are focusing on delivering robust integrations and
omni-channel capabilities. Data security and compliance have also become
paramount in the Australian POS market. With the implementation of the Payment
Card Industry Data Security Standard (PCI DSS) and other regulations,
businesses are keen on ensuring the protection of customer payment data. POS
vendors are responding by offering secure and compliant solutions, including
end-to-end encryption and tokenization. In addition to these trends,
sustainability and environmental consciousness are emerging as important considerations
for businesses in Australia. Many companies are opting for POS systems that are
energy-efficient and environmentally friendly, reflecting a broader commitment
to sustainability.
In
conclusion, the POS market in Australia is dynamic and evolving rapidly to meet
the changing needs of businesses and consumers. Cloud-based solutions,
contactless payments, integration with e-commerce, and a focus on data security
are key drivers of growth and innovation in the industry. As technology
continues to advance, the Australian POS market is expected to see further
developments that will empower businesses to operate more efficiently and
provide exceptional customer experiences.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Australia POS Market."
The Australia POS market is segmented into
terminal type, enterprise size, and end user. Based on terminal type, the market
is segmented into fixed POS, mobile POS. Based on deployment mode, the market
is segmented into on-premises, cloud. Based on the operating system, the market
is segmented into windows, android, iOS. Based on the end user, the market is segmented
into retail, travel & hospitality, government, BFSI, healthcare &
pharmaceuticals, media & entertainment, transportation, logistics, and
others.
Based
on operating system, the windows segment in the Australia POS market emerges as
the dominant and steadfast force, maintaining a commanding influence that is
projected to persist throughout the forecast period. Windows-based POS systems
have secured their preeminent position through a combination of familiarity,
versatility, and robust functionality. This operating system's widespread
adoption is a testament to its seamless integration with existing business infrastructure
and its compatibility with a wide array of software applications. Businesses
across diverse industries, from retail and hospitality to healthcare and
beyond, have entrusted Windows-based POS systems to streamline their
operations, enhance customer experiences, and facilitate efficient management
of sales, inventory, and transactions. As technology continues to evolve, the
Windows segment in the Australian POS market remains the steadfast force,
providing businesses with the stability and innovation they need to thrive in
an ever-changing market landscape. Its enduring influence underscores its
pivotal role in shaping the future of point-of-sale solutions in Australia,
solidifying its position as the preferred choice for businesses seeking
reliability and adaptability in their POS technology.
Key
market players in the Australia POS market include:
- 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
Download Free Sample Report
Customers can also request 10% free customization in this
report.
“The
Australia Capital Territory & New South Wales region has undeniably
positioned itself as an influential powerhouse in the country's Point of Sale
(POS) market, and this supremacy is rooted in a multitude of compelling factors
that underscore its paramount importance in this arena. At the core of its
dominance lies the presence of major urban centers, including Sydney, Canberra,
and other thriving cities, which house an extensive array of businesses
spanning diverse sectors such as retail, hospitality, finance, and more. These
metropolitan hubs act as catalysts for economic activity, attracting a constant
influx of local and international consumers. Consequently, the demand for
state-of-the-art POS solutions in this region remains consistently high. Furthermore,
the Australia Capital Territory & New South Wales region is renowned for
its proclivity towards innovation and early technology adoption. This
inclination has established it as a trendsetter in the POS market, where
businesses strive to stay at the forefront of technological advancements. The
relentless pursuit of operational excellence drives the adoption of
cutting-edge POS technology, as businesses aspire to enhance customer
experiences, streamline inventory management, and gain a competitive edge.
The
region's robust and diversified economy, coupled with its sophisticated
consumer base, fosters an environment where businesses are continuously
motivated to elevate their operations. This impetus further propels the embrace
of advanced POS solutions, solidifying the region's dominance within the
Australian POS market. It stands as a testament to its economic vigor,
progressive mindset, and pivotal role in shaping the evolving landscape of
point-of-sale solutions nationwide.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based Global management consulting firm.
“Australia
POS Market – Segmented by Terminal
Type (Fixed POS, Mobile POS), By Deployment Mode (On-Premises, Cloud), By
Operating System (Windows, Android, iOS), By End User (Retail, Travel &
Hospitality, Government, BFSI, Healthcare & Pharmaceuticals, Media &
Entertainment, Transportation, Logistics, and Others), By Region,
Competition, Opportunity, and Forecast, 2018-2028F”, has evaluated the future growth potential
of POS and provides statistics and information on market structure, size, share,
and future growth. the report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Australia POS market.
Contact
Mr.
Ken Mathews
Techsci
Research LLC
420
Lexington Avenue, Suite 300,
New
York, United States-
10170
Tel:
+13322586602
Email: [email protected]
Website: www.techsciresearch.com