Point of sale software market seen reaching $13.7 billion by 2031

A new Allied Market Research study says the global point of sale software market will more than double to $13.7 billion by 2031 from $4.9 billion in 2021. Growth is being driven by cloud POS adoption, digital payments, retail automation and rising demand for omnichannel business tools.

Why it matters: - Point of sale software has moved from checkout tool to core business infrastructure for retail, hospitality, healthcare and service companies. - The shift is important because modern POS systems now support payments, inventory, customer data, employee scheduling, analytics and loyalty programs in one platform. - Cloud and mobile POS adoption is lowering the cost and complexity of upgrading from traditional cash registers.

What happened: - Allied Market Research projected the global point of sale software market will reach $13.7 billion by 2031. - The market was valued at $4.9 billion in 2021. - Allied Market Research forecast a 10.9% compound annual growth rate from 2022 to 2031. - The report was published June 8, 2026. - The study covers retail, hospitality, healthcare and other service industries. - Download the report sample.

The details: - The market is being driven by cashless payments, omnichannel retailing, cloud-based business management and real-time inventory tracking. - Cloud deployment is a major growth engine because it offers flexibility, scalability, remote access, automatic updates and lower infrastructure costs. - Mobile POS systems let employees process transactions anywhere in a store or venue, which can shorten checkout times. - Digital payment adoption is rising across contactless cards, digital wallets, QR code payments and mobile banking apps. - POS platforms are increasingly used to track sales trends, identify best-selling products, optimize inventory and personalize customer experiences. - E-commerce growth is pushing retailers to synchronize online and offline channels through unified POS systems. - Subscription pricing is making advanced POS software more accessible to small businesses and startups. - Retail POS systems now support mobile payments, self-checkout, omnichannel integration and real-time inventory visibility. - Hospitality users rely on POS tools for reservations, table assignments, menu customization, billing and inventory tracking. - Healthcare organizations use POS systems for patient billing, pharmacy transactions and appointment-related payments.

Between the lines: - The market forecast signals that POS vendors are competing less on payment processing alone and more on broader operational software. - Artificial intelligence, machine learning and analytics are becoming differentiators because businesses want demand forecasting, pricing support and customer insights. - The push for omnichannel retail suggests buyers want one system that connects in-store, online, pickup and delivery operations. - Regulatory and security demands remain a key backdrop as businesses handle more digital transactions and customer data.

What’s next: - North America is expected to remain a leader in cloud POS deployment and innovation. - Asia-Pacific is projected to post the fastest growth because of urbanization, smartphone adoption, digital payment growth and retail modernization. - Europe should continue to benefit from retail modernization, contactless payment adoption and compliance needs. - Vendors are likely to keep investing in cloud-native products, AI analytics, cybersecurity and integration with third-party applications. - Future opportunities are expected in blockchain-enabled payments, Internet of Things connectivity and advanced customer analytics.

The bottom line: - Point of sale software is becoming a digital operations hub, and the market’s growth reflects how quickly businesses are moving toward cashless, data-driven commerce.