PUBLISHER: KBV Research | PRODUCT CODE: 1353522
PUBLISHER: KBV Research | PRODUCT CODE: 1353522
Asia Pacific SoftPoS Market Size, Share & Industry Trends Analysis Report By End-User (Retail, Restaurants/Hospitality, Service Based Business), By Enterprise Type, By Country and Growth Forecast, 2023 - 2030
The Asia Pacific SoftPoS Market would witness market growth of 20.7% CAGR during the forecast period (2023-2030).
SoftPoS is a software-based contactless payment system that utilizes near-field communication (NFC) technology in tablets and smartphones as a point-of-sale (POS) terminal and enables merchants to accept digital payments affordably to enhance the consumer's experience. These solutions eradicate the need for additional hardware and simplify and reduce the cost of installing traditional POS terminals. These solutions are often referred to as tap-to-phone or tap-on-phone solutions. Software point-of-sale enables contactless payment methods to increase daily transactions across small and large businesses by offering a superior alternative to standard POS terminals for small and medium-sized businesses.
The emergence of payment bands aims to prevent the need for traditional hardware devices to conduct contactless payment transactions seamlessly and provide mobility advantages over contactless PoS terminals. The wearable devices make contactless payments using barcodes, Near-field Communication (NFC), and Radio Frequency Identification (RFID) technologies. For example, in November 2022, BillBox, in partnership with Visa and National Securities Depository Limited (NSDL) Payments Bank, introduced TapTap, a new wearable device that enabled consumers to make contactless payments. Thus, the use of wearable payment bands facilitates the reduction of lines and offers a more individualized customer experience through biometric authentication.
According to the 2022 data from India's Economic Diplomacy Division, due to the pandemic, quick service restaurants (QSRs), other restaurants, groceries, drugstores, and pharmacies accounted for 80% of contactless transactions by volume and 60% of all card transactions. By 2028, it is anticipated that there will be a $6.25 trillion market for contactless payments. It is expected that by 2023, approximately 60 percent of China's population will have made a mobile payment purchase. If the current trend persists, China may become a cashless economy in which digital payment methods completely replace cash. As a result of the rising contactless payments across the Asia Pacific regional, the market is expected to grow.
The China market dominated the Asia Pacific SoftPoS Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $78.5 Million by 2030. The Japan market is poised to grow at a CAGR of 19.9% during (2023 - 2030). Additionally, The India market would witness a CAGR of 21.4% during (2023 - 2030).
Based on End-User, the market is segmented into Retail, Restaurants/Hospitality, Service Based Business, and Others. Based on Enterprise Type, the market is segmented into Small Business and Medium Business. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Worldline (Ingenico Group), CM.com N.V., EMI Global Corp (M4Bank), Fime SAS, Wizzit (Pty) Ltd, Tidypay AS, Bindo Labs, Inc., Fairbit LLC, Alcineo, Asseco Group (Asseco Poland S.A.)
Scope of the Study
Market Segments covered in the Report:
By End-User
- Retail
- Restaurants/Hospitality
- Service Based Business
- Others
By Enterprise Type
- Small Business
- Medium Business
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Companies Profiled
- Worldline (Ingenico Group)
- CM.com N.V.
- EMI Global Corp (M4Bank)
- Fime SAS
- Wizzit (Pty) Ltd
- Tidypay AS
- Bindo Labs, Inc.
- Fairbit LLC
- Alcineo
- Asseco Group (Asseco Poland S.A.)
Unique Offerings from KBV Research
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- Highest number of market tables and figures
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- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific SoftPoS Market, by End-User
- 1.4.2 Asia Pacific SoftPoS Market, by Enterprise Type
- 1.4.3 Asia Pacific SoftPoS Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.3 Porter's Five Force Analysis
Chapter 4. Asia Pacific SoftPoS Market by End-User
- 4.1 Asia Pacific Retail Market by Country
- 4.2 Asia Pacific Restaurants/Hospitality Market by Country
- 4.3 Asia Pacific Service Based Business Market by Country
- 4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific SoftPoS Market by Enterprise Type
- 5.1 Asia Pacific Small Business Market by Country
- 5.2 Asia Pacific Medium Business Market by Country
Chapter 6. Asia Pacific SoftPoS Market by Country
- 6.1 China SoftPoS Market
- 6.1.1 China SoftPoS Market by End-User
- 6.1.2 China SoftPoS Market by Enterprise Type
- 6.2 Japan SoftPoS Market
- 6.2.1 Japan SoftPoS Market by End-User
- 6.2.2 Japan SoftPoS Market by Enterprise Type
- 6.3 India SoftPoS Market
- 6.3.1 India SoftPoS Market by End-User
- 6.3.2 India SoftPoS Market by Enterprise Type
- 6.4 South Korea SoftPoS Market
- 6.4.1 South Korea SoftPoS Market by End-User
- 6.4.2 South Korea SoftPoS Market by Enterprise Type
- 6.5 Singapore SoftPoS Market
- 6.5.1 Singapore SoftPoS Market by End-User
- 6.5.2 Singapore SoftPoS Market by Enterprise Type
- 6.6 Malaysia SoftPoS Market
- 6.6.1 Malaysia SoftPoS Market by End-User
- 6.6.2 Malaysia SoftPoS Market by Enterprise Type
- 6.7 Rest of Asia Pacific SoftPoS Market
- 6.7.1 Rest of Asia Pacific SoftPoS Market by End-User
- 6.7.2 Rest of Asia Pacific SoftPoS Market by Enterprise Type
Chapter 7. Company Profiles
- 7.1 Worldline (Ingenico Group)
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Regional and Segmental Analysis
- 7.1.4 Recent strategies and developments:
- 7.1.4.1 Acquisition and Mergers:
- 7.1.5 SWOT Analysis
- 7.2 CM.com N.V.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 SWOT Analysis
- 7.3 EMI Global Corp (M4Bank)
- 7.3.1 Company Overview
- 7.3.2 SWOT Analysis
- 7.4 Fime SAS
- 7.4.1 Company Overview
- 7.4.2 SWOT Analysis
- 7.5 Wizzit (Pty) Ltd
- 7.5.1 Company Overview
- 7.5.2 Recent strategies and developments:
- 7.5.2.1 Partnerships, Collaborations, and Agreements:
- 7.5.2.2 Product Launches and Product Expansions:
- 7.5.3 SWOT Analysis
- 7.6 Tidypay AS
- 7.6.1 Company Overview
- 7.6.2 SWOT Analysis
- 7.7 Bindo Labs, Inc.
- 7.7.1 Company Overview
- 7.7.2 SWOT Analysis
- 7.8 Fairbit LLC
- 7.8.1 Company Overview
- 7.8.2 SWOT Analysis
- 7.9 Alcineo
- 7.9.1 Company Overview
- 7.9.2 Recent strategies and developments:
- 7.9.2.1 Partnerships, Collaborations, and Agreements:
- 7.9.3 SWOT Analysis
- 7.10. Asseco Group (Asseco Poland S.A.)
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental Analysis
- 7.10.4 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 2 Asia Pacific SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 3 Asia Pacific SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 4 Asia Pacific SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 5 Asia Pacific Retail Market by Country, 2019 - 2022, USD Thousands
- TABLE 6 Asia Pacific Retail Market by Country, 2023 - 2030, USD Thousands
- TABLE 7 Asia Pacific Restaurants/Hospitality Market by Country, 2019 - 2022, USD Thousands
- TABLE 8 Asia Pacific Restaurants/Hospitality Market by Country, 2023 - 2030, USD Thousands
- TABLE 9 Asia Pacific Service Based Business Market by Country, 2019 - 2022, USD Thousands
- TABLE 10 Asia Pacific Service Based Business Market by Country, 2023 - 2030, USD Thousands
- TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Thousands
- TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Thousands
- TABLE 13 Asia Pacific SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 14 Asia Pacific SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 15 Asia Pacific Small Business Market by Country, 2019 - 2022, USD Thousands
- TABLE 16 Asia Pacific Small Business Market by Country, 2023 - 2030, USD Thousands
- TABLE 17 Asia Pacific Medium Business Market by Country, 2019 - 2022, USD Thousands
- TABLE 18 Asia Pacific Medium Business Market by Country, 2023 - 2030, USD Thousands
- TABLE 19 Asia Pacific SoftPoS Market by Country, 2019 - 2022, USD Thousands
- TABLE 20 Asia Pacific SoftPoS Market by Country, 2023 - 2030, USD Thousands
- TABLE 21 China SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 22 China SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 23 China SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 24 China SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 25 China SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 26 China SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 27 Japan SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 28 Japan SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 29 Japan SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 30 Japan SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 31 Japan SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 32 Japan SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 33 India SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 34 India SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 35 India SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 36 India SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 37 India SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 38 India SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 39 South Korea SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 40 South Korea SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 41 South Korea SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 42 South Korea SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 43 South Korea SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 44 South Korea SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 45 Singapore SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 46 Singapore SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 47 Singapore SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 48 Singapore SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 49 Singapore SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 50 Singapore SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 51 Malaysia SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 52 Malaysia SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 53 Malaysia SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 54 Malaysia SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 55 Malaysia SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 56 Malaysia SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 57 Rest of Asia Pacific SoftPoS Market, 2019 - 2022, USD Thousands
- TABLE 58 Rest of Asia Pacific SoftPoS Market, 2023 - 2030, USD Thousands
- TABLE 59 Rest of Asia Pacific SoftPoS Market by End-User, 2019 - 2022, USD Thousands
- TABLE 60 Rest of Asia Pacific SoftPoS Market by End-User, 2023 - 2030, USD Thousands
- TABLE 61 Rest of Asia Pacific SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
- TABLE 62 Rest of Asia Pacific SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
- TABLE 63 Key Information - Worldline
- TABLE 64 Key Information - CM.com N.V.
- TABLE 65 Key Information - EMI Global Corp (M4Bank)
- TABLE 66 Key Information - Fime SAS
- TABLE 67 Key Information - Wizzit (Pty) Ltd
- TABLE 68 Key Information - Tidypay AS
- TABLE 69 Key Information - Bindo Labs, Inc.
- TABLE 70 Key Information - Fairbit LLC
- TABLE 71 Key Information - Alcineo
- TABLE 72 Key Information - Asseco Group
List of Figures
- FIG 1 Methodology for the research
- FIG 2 Asia Pacific SoftPoS Market, 2019 - 2030, USD Thousands
- FIG 3 Key Factors Impacting SoftPoS Market
- FIG 4 Porter's Five Force Analysis: SoftPoS Market
- FIG 5 Asia Pacific SoftPoS Market share by End-User, 2022
- FIG 6 Asia Pacific SoftPoS Market share by End-User, 2030
- FIG 7 Asia Pacific SoftPoS Market by End-User, 2019 - 2030, USD Thousands
- FIG 8 Asia Pacific SoftPoS Market share by Enterprise Type, 2022
- FIG 9 Asia Pacific SoftPoS Market share by Enterprise Type, 2030
- FIG 10 Asia Pacific SoftPoS Market by Enterprise Type, 2019 - 2030, USD Thousands
- FIG 11 Asia Pacific SoftPoS Market share by Country, 2022
- FIG 12 Asia Pacific SoftPoS Market share by Country, 2030
- FIG 13 Asia Pacific SoftPoS Market by Country, 2019 - 2030, USD Thousands
- FIG 14 SWOT Analysis: Worldline
- FIG 15 SWOT Analysis: CM.com N.V.
- FIG 16 SWOT Analysis: EMI GLOBAL CORP (M4BANK)
- FIG 17 SWOT Analysis: Fime SAS
- FIG 18 Recent strategies and developments: Wizzit (Pty) Ltd
- FIG 19 SWOT Analysis: Wizzit (Pty) Ltd
- FIG 20 SWOT Analysis: Tidypay AS
- FIG 21 SWOT Analysis: Bindo Labs, Inc.
- FIG 22 SWOT Analysis: Fairbit LLC
- FIG 23 SWOT Analysis: Alcineo
- FIG 24 SWOT Analysis: Asseco Group
