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Report Description

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 515.71 Million

CAGR (2023-2028)

12.48%

Fastest Growing Segment

Fixed POS

Largest Market

Australia Capital Territory & New South Wales Region

 

Market Overview

The Australia POS market was valued at USD 515.71 million and is anticipated to project robust growth in the forecast period with a CAGR of 12.48% during the forecast period. The Point of Sale (POS) market in Australia is undergoing a profound transformation driven by technological advancements and changing consumer behaviors. This dynamic industry plays a pivotal role in the operations of businesses across various sectors, ranging from small retailers to large hospitality chains and e-commerce platforms. Over the past few years, several key trends and factors have shaped the landscape of the Australian POS market. One of the most significant shifts in the POS market is the widespread adoption of 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 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. This flexibility is particularly beneficial for businesses that require a scalable solution that can adapt to their evolving needs.

In recent times, the Australian POS market has also witnessed a surge in demand for contactless payment solutions. The COVID-19 pandemic accelerated the adoption of contactless payments as consumers sought safer and more hygienic payment methods. Businesses, in turn, have been quick to adapt by implementing Near Field Communication (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 at the point of sale. Furthermore, the hospitality industry in Australia has embraced POS technology to a significant extent. Restaurants, cafes, bars, and other foodservice establishments 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. In a post-pandemic world, such technology has become even more critical as businesses seek to manage social distancing and health protocols seamlessly.

Another notable trend is the increasing convergence of offline and online sales channels. E-commerce continues to thrive in Australia, and this has led to a heightened 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 to cater to this evolving consumer behavior. 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. These security measures not only protect businesses from potential data breaches but also foster trust among consumers.

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. Reducing the carbon footprint of POS systems by using energy-efficient hardware and software not only aligns with environmental goals but can also lead to cost savings in the long run. The Australian POS market is also becoming more competitive as both established players and new entrants vie for market share. This competition has led to innovations in hardware and software solutions, with companies striving to differentiate themselves through unique features, user-friendly interfaces, and value-added services.

Furthermore, the COVID-19 pandemic has accelerated the adoption of digital technologies, including POS systems, as businesses sought to adapt to changing customer expectations and operational challenges. The pandemic highlighted the importance of technology in enabling businesses to pivot quickly, offer contactless payment options, and efficiently manage inventory and supply chains.

In conclusion, the Australian POS market is a dynamic and rapidly evolving space that is adapting to the changing needs of businesses and consumers. Cloud-based solutions, contactless payments, integration with e-commerce, and a strong focus on data security are driving forces behind the industry's growth and innovation. As technology continues to advance and consumer preferences evolve, the Australian POS market is poised for further developments that will empower businesses to operate more efficiently, provide exceptional customer experiences, and remain competitive in a rapidly changing business landscape.

Key Market Drivers

Digital Transformation and Cloud-Based Solutions:

The Australian POS market has experienced a significant boost due to the ongoing digital transformation across industries. Businesses are increasingly recognizing the value of modernizing their POS systems to stay competitive and meet the evolving needs of tech-savvy consumers. A prominent driver in this context is the adoption of cloud-based POS solutions. These systems offer numerous advantages, including scalability, flexibility, and remote accessibility, which resonate with businesses of all sizes. Cloud-based POS systems enable real-time data analytics and inventory management, empowering businesses to make data-driven decisions and optimize their operations efficiently. This adaptability is particularly crucial for businesses experiencing fluctuations in demand or those looking to expand rapidly. Cloud-based POS solutions also foster cost-efficiency as they eliminate the need for on-premises servers and reduce maintenance overheads. Moreover, the COVID-19 pandemic further accelerated the shift towards cloud-based POS solutions, as businesses sought ways to enable remote work and reduce physical contact. The ability to access the POS system remotely became a necessity, and cloud-based solutions proved invaluable in this regard. As a result, the adoption of cloud-based POS systems is expected to continue driving the Australian POS market in the foreseeable future.

Contactless Payments and NFC Technology:

The emergence of contactless payments as a preferred transaction method has been a significant driver of the Australian POS market. This trend gained substantial momentum during the COVID-19 pandemic as consumers prioritized hygienic and convenient payment options. In response, businesses quickly embraced Near Field Communication (NFC) technology, enabling contactless payments through POS terminals. NFC-enabled POS terminals facilitate faster, more secure, and hassle-free transactions. Customers simply tap their contactless cards or mobile wallets on the terminal, reducing the time spent at checkout and enhancing the overall shopping experience. The convenience and safety offered by contactless payments have not only become a consumer expectation but also a competitive advantage for businesses. Furthermore, contactless payments extend beyond retail to various industries, including hospitality and transportation. For instance, contactless payment options have become prevalent in restaurants, cafes, and bars, where patrons can settle their bills with a simple tap. This trend is expected to persist, driving the demand for NFC-enabled POS systems, and contributing to the growth of the Australian POS market.

Integration with E-Commerce and Omni-Channel Retailing:

The convergence of online and offline sales channels is another pivotal driver of the Australian POS market. E-commerce continues to thrive in the country, and businesses are seeking seamless integration between their POS systems and online storefronts. This integration allows businesses to synchronize inventory, manage orders, and provide a consistent customer experience across all touchpoints. Consumers now expect a unified shopping experience, where they can seamlessly transition between online and physical stores. They want to check product availability online, make purchases in-store, and even return items through multiple channels. Consequently, POS vendors are focusing on delivering robust integrations and omni-channel capabilities to cater to this evolving consumer behavior. Integrated POS and e-commerce solutions enable businesses to efficiently manage inventory, prevent overselling, and improve order fulfillment, ultimately enhancing customer satisfaction. With the increasing importance of digital channels, this driver is set to shape the future of the Australian POS market as businesses seek to stay competitive and meet customer expectations.

Data Security and Compliance:

Data security and regulatory compliance have become paramount in the Australian POS market. With the implementation of the Payment Card Industry Data Security Standard (PCI DSS) and other stringent regulations, businesses are acutely aware of the need to protect customer payment data. As a result, data security has become a central driver influencing the POS landscape. POS vendors are responding by offering secure and compliant solutions. These include end-to-end encryption, tokenization, and robust authentication methods to safeguard sensitive customer information. Compliance with data security standards not only mitigates the risk of data breaches but also instills trust among consumers, who are increasingly conscious of their data privacy. The impact of data breaches on businesses can be devastating, leading to reputational damage and legal consequences. Hence, businesses are willing to invest in POS systems that prioritize data security and compliance. This driver has created a competitive environment where POS vendors differentiate themselves by the strength of their security measures and their ability to help businesses adhere to regulatory requirements.


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Key Market Challenges

Increasing Competition and Market Saturation

The Australian Point of Sale (POS) market has experienced significant growth in recent years, driven by advances in technology and changing consumer preferences. While this growth presents opportunities for businesses operating in the sector, it also brings about several challenges, the first of which is increasing competition and market saturation. As more players enter the Australian POS market, competition intensifies. Established companies face competition from both domestic and international newcomers, leading to price wars and eroding profit margins. This competitive environment can be particularly challenging for small and medium-sized businesses, which may struggle to keep up with the marketing and R&D budgets of larger corporations.

Furthermore, the market has reached a point of saturation in some segments, such as retail and hospitality. Most businesses in these sectors have already adopted POS systems, leaving limited room for growth through new installations. As a result, companies are increasingly looking to differentiate themselves by offering unique features, integrations, or superior customer service. However, achieving this differentiation can be costly and risky, especially for smaller players.

Regulatory Compliance and Security Concerns

Another significant challenge facing the Australian POS market is the ever-evolving landscape of regulatory compliance and security concerns. As technology continues to advance and data breaches become more prevalent, businesses in this sector must navigate a complex web of regulations and ensure the security of sensitive customer information. One of the most prominent regulatory challenges in the Australian POS market is the Payment Card Industry Data Security Standard (PCI DSS). Any business that handles credit card payments must comply with these stringent security standards to protect customer data from breaches and fraud. Achieving and maintaining PCI DSS compliance requires significant investments in technology, training, and ongoing monitoring. Failure to meet these standards can result in hefty fines and reputational damage. Additionally, the Australian government has introduced data privacy regulations, including the Notifiable Data Breaches (NDB) scheme and the Privacy Act. These regulations impose strict requirements on businesses regarding data protection and breach notification. Compliance with these laws is essential, as non-compliance can lead to legal penalties and damage to a company's reputation. Moreover, as POS systems become more interconnected and reliant on the internet, they become vulnerable to cyberattacks. The threat of data breaches and ransomware attacks is a constant concern for both businesses and consumers. Protecting POS systems from such attacks requires ongoing investment in cybersecurity measures, including firewalls, encryption, and regular security audits.

Key Market Trends

Contactless Payments and Mobile POS Integration

One significant trend shaping the Australian Point of Sale (POS) market is the rapid adoption of contactless payments and the integration of mobile POS solutions. This trend has been accelerated by the COVID-19 pandemic, which prompted consumers and businesses to prioritize touchless transactions for safety reasons. Contactless payment methods, such as tap-and-go credit cards and mobile wallets (e.g., Apple Pay and Google Pay), have gained widespread acceptance in Australia. Consumers appreciate the convenience and speed of these payment options, and businesses have responded by upgrading their POS systems to accommodate contactless payments.

Moreover, mobile POS (mPOS) solutions have become increasingly popular. These systems enable businesses to process payments using smartphones or tablets, providing flexibility and mobility. This trend is particularly noticeable in the hospitality and retail sectors, where servers and sales associates can take orders and payments directly at the table or on the shop floor. The integration of contactless payments and mPOS solutions is transforming the way Australians pay for goods and services. Businesses that adapt to this trend by offering seamless contactless payment options and leveraging mobile POS technology are more likely to meet customer expectations and gain a competitive edge.

Data Analytics and Customer Insights

Another significant trend in the Australian POS market is the growing emphasis on data analytics and customer insights. As businesses collect an increasing amount of transactional data through POS systems, they are recognizing the potential value of this data for understanding customer behavior and improving their operations. Retailers are leveraging POS data to gain insights into customer preferences, purchase patterns, and inventory management. By analyzing this data, businesses can make data-driven decisions, optimize their product offerings, and personalize marketing campaigns to enhance the customer experience. Moreover, loyalty programs and customer relationship management (CRM) tools are becoming more tightly integrated with POS systems. This allows businesses to track customer interactions, reward loyalty, and send targeted promotions. The ability to harness POS data for personalized marketing and customer retention strategies is increasingly viewed as a competitive advantage.

In addition to customer insights, data analytics also play a crucial role in inventory management, demand forecasting, and fraud detection. Businesses that invest in advanced POS systems with robust analytics capabilities are better positioned to adapt to changing market conditions and customer expectations.

Cloud-Based POS Solutions and Subscription Models

Cloud-based POS solutions and subscription models are gaining traction in the Australian POS market. Traditional on-premises POS systems are gradually being replaced by cloud-based alternatives that offer greater flexibility, scalability, and cost-effectiveness. Cloud-based POS systems allow businesses to access their data and manage operations from anywhere with an internet connection. This flexibility is especially valuable for multi-location businesses and those with a significant online presence. Additionally, cloud-based solutions typically involve lower upfront costs and regular subscription fees, making them more accessible to small and medium-sized businesses. Furthermore, cloud-based POS systems often come with automatic software updates and maintenance, reducing the burden on IT departments, and ensuring that businesses always have access to the latest features and security enhancements. The subscription model for POS software and services aligns with the trend of businesses shifting from capital expenditure (CapEx) to operational expenditure (OpEx) structures. This financial flexibility allows businesses to allocate resources more efficiently and adapt to changing market conditions.

Segmental Insights

Terminal Type Insights

Based on terminal type, the fixed POS segment emerges as the predominant segment in the Australia POS market, exhibiting unwavering dominance projected throughout the forecast period. This dominance is attributed to the enduring reliability and versatility of fixed POS systems, which cater to the diverse needs of businesses across various industries. These systems have solidified their status as the preferred choice, especially for enterprises with high transaction volumes and a demand for steadfast, stationary checkout solutions. Renowned for their seamless integration capabilities, fixed POS systems align seamlessly with other operational processes, providing efficiency and consistency that businesses crave. While the technology within the POS market continues to evolve, the fixed POS segment maintains its unshakable position as the cornerstone of the Australian retail and hospitality sectors. Its unwavering dominance is a testament to its adaptability and resilience in an ever-changing market, ensuring that businesses can rely on it as a pillar of their operations well into the future.

End User Insights

Based on end user, the retail segment in the Australia POS market emerges as a formidable frontrunner, exerting its dominance and shaping the market's trajectory throughout the forecast period. This formidable frontrunner status is a testament to the pivotal role that POS technology plays in the retail sector, where efficiency, accuracy, and customer experience are paramount. Retailers, from small boutique stores to large supermarket chains, rely on POS systems to streamline their operations, manage inventory, and provide seamless checkout experiences for customers. With the ongoing digital transformation of the retail industry, the demand for advanced POS solutions has skyrocketed. These solutions not only facilitate traditional in-store transactions but also support omnichannel retailing, enabling businesses to seamlessly integrate their online and offline sales channels. As the Australian retail landscape continues to evolve, driven by changing consumer expectations and technology trends, the retail segment in the POS market remains at the forefront, driving innovation and shaping the way businesses engage with their customers. Its unwavering dominance signifies its pivotal role in the retail sector's ongoing success and adaptation to the digital age.


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Regional Insights

The Capital Territory & New South Wales region in Australia has indisputably carved out a commanding presence within the country's POS market. This dominant position can be attributed to several key factors that underscore Australia Capital Territory & New South Wales's significance in the market. At the heart of this dominance lies the vibrant urban centers of Canberra and Sydney, teeming with a diverse range of businesses spanning retail, hospitality, and services. These thriving metropolises are hubs for economic activity, drawing both local and international customers, and thus driving a heightened demand for cutting-edge POS solutions. Furthermore, the region's inclination toward innovation and early technology adoption has positioned it as a trendsetter, setting high standards for POS systems' functionality, efficiency, and customer-centric features. Moreover, the Australia Capital Territory & New South Wales region's robust economy, coupled with its sophisticated customer base, creates an environment where businesses continually seek to enhance their operations. This pursuit of excellence propels the adoption of advanced POS technology, as establishments vie to improve customer experiences, optimize inventory management, and gain a competitive edge. The dominance of this region within the Australian POS market is a testament to its economic vitality and forward-thinking approach, cementing its status as a key influencer and driver of innovation in the ever-evolving landscape of point-of-sale solutions.

Recent Developments

  • In September 2023, the announcement of Omnevo's launch of a new point-of-sale (POS) solution for Virgin Australia marks an exciting development in the airline industry. This strategic move by Omnevo, a leading technology provider, signifies a commitment to enhancing the passenger experience and streamlining operations for Virgin Australia. The introduction of a new POS solution is likely to bring about several notable benefits for both the airline and its passengers. For Virgin Australia, this solution could potentially optimize in-flight and on-ground transactions, leading to increased operational efficiency and cost savings. It may also enable the airline to offer more personalized services to passengers, such as tailored promotions and a smoother purchasing experience.
  • In September 2022, the launch of Lightspeed's POS platform for restaurants in Australia in marks a significant milestone in the restaurant industry's digital transformation. Lightspeed, a renowned global provider of point-of-sale and e-commerce solutions, brings its expertise to the Australian market, offering restaurateurs a robust and innovative platform to streamline operations, enhance customer experiences, and adapt to evolving market trends. The introduction of Lightspeed's POS platform is poised to revolutionize the way Australian restaurants conduct their business. This platform likely comes equipped with a range of features tailored specifically to the needs of restaurants, such as table management, order processing, kitchen display systems, and inventory management. These tools can empower restaurant owners and staff to efficiently manage their operations, reduce wait times, and deliver a seamless dining experience to patrons.

Key Market Players

  • 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

By Terminal Type

By Deployment Mode

By Operating System

By End User

By Region

  • Fixed POS
  • Mobile POS
  • On-Premises
  • Cloud
  • Windows
  • Android
  • iOS
  • Retail
  • Travel & Hospitality
  • Government
  • BFSI
  • Healthcare & Pharmaceuticals
  • Media & Entertainment
  • Transportation
  • Logistics
  • Others
  • Australia Capital Territory & New South Wales
  • Victoria & Tasmania
  • Queensland
  • Northern Territory & Southern Australia
  • Western Australia

 

Report Scope:

In this report, the Australia POS market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Australia POS Market, By Terminal Type:

o   Fixed POS

o   Mobile POS

  • Australia POS Market, By Deployment Mode:

o   On-Premises

o   Cloud

  • Australia POS Market, By Operating System:

o   Windows

o   Android

o   iOS

  • Australia POS Market, By End User:

o   Retail

o   Travel & Hospitality

o   Government

o   BFSI

o   Healthcare & Pharmaceuticals

o   Media & Entertainment

o   Transportation

o   Logistics

o   Others

  • Australia POS Market, By Region:

o   Australia Capital Territory & New South Wales

o   Victoria & Tasmania

o   Queensland

o   Northern Territory & Southern Australia

o   Western Australia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Australia POS Market.

Available Customizations:

Australia POS market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Australia POS Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Service Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.  Markets Covered

1.2.2.  Years Considered for Study

1.2.3.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on Australia POS Market

5.    Voice of Customer

6.    Australia POS Market Overview

7.    Australia POS Market Outlook

7.1.  Market Size & Forecast

7.1.1.       By Value

7.2.  Market Share & Forecast

7.2.1.      By Terminal Type (Fixed POS, Mobile POS)

7.2.2.      By Deployment Mode (On-Premises, Cloud)

7.2.3.      By Operating System (Windows, Android, iOS)

7.2.4.      By End User (Retail, Travel & Hospitality, Government, BFSI, Healthcare & Pharmaceuticals, Media & Entertainment, Transportation, Logistics, and Others)

7.2.5.      By Region (Australia Capital Territory & New South Wales Region, Victoria & Tasmania Region, Queensland Region, Northern Territory & Southern Australia Region, and Western Australia Region)

7.3.  By Company (2022)

7.4.  Market Map

8.    Capital Territory & New South Wales Region Australia POS Market Outlook

8.1.  Market Size & Forecast

8.1.1.       By Value

8.2.  Market Share & Forecast

8.2.1.      By Terminal Type

8.2.2.      By Deployment Mode

8.2.3.      By Operating System

8.2.4.      By End User

9.    Victoria & Tasmania Region Australia POS Market Outlook

9.1.  Market Size & Forecast

9.1.1.       By Value

9.2.  Market Share & Forecast

9.2.1.      By Terminal Type

9.2.2.      By Deployment Mode

9.2.3.      By Operating System

9.2.4.      By End User

10. Queensland Region Australia POS Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.2.   Market Share & Forecast

10.2.1.    By Terminal Type

10.2.2.    By Deployment Mode

10.2.3.    By Operating System

10.2.4.    By End User

11. Northern Territory & Southern Region Australia POS Market Outlook

11.1.   Market Size & Forecast

11.1.1.    By Value

11.2.   Market Share & Forecast

11.2.1.    By Terminal Type

11.2.2.    By Deployment Mode

11.2.3.    By Operating System

11.2.4.    By End User

12. Western Region Australia POS Market Outlook

12.1.   Market Size & Forecast

12.1.1.    By Value

12.2.   Market Share & Forecast

12.2.1.    By Terminal Type

12.2.2.    By Deployment Mode

12.2.3.    By Operating System

12.2.4.    By End User

13. Market Dynamics

13.1.   Drivers

13.2.   Challenges

14. Market Trends and Developments

15. Company Profiles

15.1.   Clover Australia Pty Ltd

15.1.1. Business Overview

15.1.2. Key Financials & Revenue

15.1.3. Key Contact Person

15.1.4. Headquarters Address

15.1.5. Key Product/Service Offered

15.2.   Micros Systems, Inc.

15.2.1. Business Overview

15.2.2. Key Financials & Revenue

15.2.3. Key Contact Person

15.2.4. Headquarters Address

15.2.5. Key Product/Service Offered

15.3.   NCR Australia Pty Ltd

15.3.1. Business Overview

15.3.2. Key Financials & Revenue

15.3.3. Key Contact Person

15.3.4. Headquarters Address

15.3.5. Key Product/Service Offered

15.4.   Lightspeed POS Inc.

15.4.1. Business Overview

15.4.2. Key Financials & Revenue

15.4.3. Key Contact Person

15.4.4. Headquarters Address

15.4.5. Key Product/Service Offered

15.5.   Epos Now Australia Pty Ltd

15.5.1. Business Overview

15.5.2. Key Financials & Revenue

15.5.3. Key Contact Person

15.5.4. Headquarters Address

15.5.5. Key Product/Service Offered

15.6.   ShopKeep Australia Pty Ltd

15.6.1. Business Overview

15.6.2. Key Financials & Revenue

15.6.3. Key Contact Person

15.6.4. Headquarters Address

15.6.5. Key Product/Service Offered

15.7.   Square Australia Pty Ltd

15.7.1. Business Overview

15.7.2. Key Financials & Revenue

15.7.3. Key Contact Person

15.7.4. Headquarters Address

15.7.5. Key Product/Service Offered

15.8.   Toast POS Australia Pty Ltd

15.8.1. Business Overview

15.8.2. Key Financials & Revenue

15.8.3. Key Contact Person

15.8.4. Headquarters Address

15.8.5. Key Product/Service Offered

15.9.   Vend POS Australia Pty Ltd

15.9.1. Business Overview

15.9.2. Key Financials & Revenue

15.9.3. Key Contact Person

15.9.4. Headquarters Address

15.9.5. Key Product/Service Offered

15.10.Kounta POS Pty Ltd

15.10.1.  Business Overview

15.10.2.  Key Financials & Revenue

15.10.3.  Key Contact Person

15.10.4.  Headquarters Address

15.10.5.  Key Product/Service Offered

16. Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Australia POS market was estimated to be USD 515.71 million in 2022.

Windows were the dominant segment by operating system in the Australia POS market. 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.

Key players in the market are 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, and others.

Integration with E-commerce & omni-channel retailing, the ongoing digital transformation across industries, and evolving regulatory environment are the major drivers for the Australia POS market.

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