Description
Fuel and Convenience Store POS Market Snapshot
According to this report, the Global Fuel and Convenience Store POS Market is anticipated to grow at a 24.9% CAGR during the review period. Many companies are now evolving software and apps to provide ease in transactions to the customers.
Some of the prominent service providers, such as ShopKeep and ERPLY, aim to offer advanced solutions that are easily deployed on diversified hardware platforms. Additionally, The ERPLY has developed the POS system, compatible with tablets, iPods, smartphones, and PCs, and offers combined solutions with customer relationship management (CRM) and enterprise resource planning (ERP).
The increasing preference of Customers for non-cash transactions along with the growing adoption of in-store mobile payments, thereby augmenting the requirement for cloud POS solutions across fuel stations’ convenience stores.
The Global Fuel and Convenience Store POS Market is expected to register a substantial market owing to the simplified business operations and rise in employee productivity, operational efficiency, and customer satisfaction. Additionally, fuel retailers are preferring cloud-based payment systems that are compatible with EMV technologies due to the increased emergence of contactless cards/payments in the market.
Market Segmentation
Global Fuel and Convenience Store POS Market has been classified based on Component, Application, and End-Use.
Depending on the component, the fuel and convenience store POS market has been segmented into software and services. The services segment is further classified into professional services and managed services. The software segment has been further classified into fixed/traditional/legacy POS, mobile POS, and cloud POS.
By application segment, the global fuel and convenience store POS market has been classified into inventory management, cash management, operations management, reporting and analytics, and others. In terms of end-use, fuel, and convenience store POS market has been divided into fuel stations and convenience stores.
Regional Analysis
Geographically, the global fuel and convenience store POS market has been segmented into Europe, Asia-Pacific, North America, the Middle East & Africa, and South America.
North America is likely to contribute to the largest markets for fuel and convenience store POS during the forecast period. The regional market is attributed to the rising digitalization, technological advancements, and the increasing number of fuel and convenience stores.
Furthermore, Fuel and convenience store POS software helps store managers manage inventory and cash management and efficiently run the fuel station and store operations is expected to surge the demand for store POS software in the region.
The adoption of fuel and convenience store POS solutions has increased due to the higher emergence of technology across the region and the existence of large multinational as well as local companies. The US leads the regional market, whereas Canada is anticipated to register a high growth rate in the coming future.
Major Players
The prominent players of the global fuel and convenience store POS market include Fujitsu (Japan), LS Retail (Iceland), VeriFone(US), Diebold (US), NCR (US), PDI, Orpak Systems Ltd (Israel), DCR (US), The Pinnacle Corporation (US), Petrosoft LLC (US), and Bridge POS (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
