Softpos Market Report: Trends, Forecast and Competitive Analysis to 2030

Softpos Trends and Forecast

The future of the global softpos market looks promising with opportunities in the retail, restaurant, public transport, hospitality, and media and entertainment markets. The global softpos market is expected to grow with a CAGR of 21.3% from 2024 to 2030. The major drivers for this market are increasing global smartphone user base and rising government initiatives regarding digital payments.

A more than 150-page report is developed to help in your business decisions.

Softpos by Segment

The study includes a forecast for the global softpos by enterprise size, operating system, end use, and region.

Softpos Market by Enterprise Size [Shipment Analysis by Value from 2018 to 2030]:

• Micro & Small Business
• Medium & Large Business

Softpos Market by Operating System [Shipment Analysis by Value from 2018 to 2030]:

• Android
• iOS
• Others

Softpos Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Retail
• Restaurants
• Public Transport
• Hospitality
• Media And Entertainment
• Others

Softpos Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Softpos Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies softpos companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the softpos companies profiled in this report include-

• Tidypay
• Worldline
• Alcineo
• Wizzit
• Bindo Labs

Softpos Market Insights

Lucintel forecasts that micro and small business will remain the larger segment over the forecast period due to its ease of use, quicker payment process, and low cost.

Within this market, retail will remain the largest segment due to economic growth.

North America will remain the largest region over the forecast period due to rising adoption of contactless payment and quick acceptance of advanced technology in the region.

Features of the Global Softpos Market

Market Size Estimates: Softpos market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Softpos market size by enterprise size, operating system, end use, and region in terms of value ($B).

Regional Analysis: Softpos market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different enterprise sizes, operating systems, end uses, and regions for the softpos market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the softpos market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for softpos market?

Answer: The global softpos market is expected to grow with a CAGR of 21.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the softpos market?

Answer: The major drivers for this market are increasing global smartphone user base and rising government initiatives regarding digital payments.

Q3. What are the major segments for softpos market?

Answer: The future of the softpos market looks promising with opportunities in the retail, restaurant, public transport, hospitality, and media and entertainment markets.

Q4. Who are the key softpos market companies?

Answer: Some of the key softpos companies are as follows.

• Tidypay
• Worldline
• Alcineo
• Wizzit
• Bindo Labs

Q5. Which softpos market segment will be the largest in future?

Answer: Lucintel forecasts that micro and small business will remain the larger segment over the forecast period due to its ease of use, quicker payment process, and low cost.

Q6. In softpos market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rising adoption of contactless payment and quick acceptance of advanced technology in the region.

Q.7 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the softpos market by enterprise size (micro & small business and medium & large business), operating system (android, iOS, and others), end use (retail, restaurants, public transport, hospitality, media and entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?