The North America SoftPoS Market would witness market growth of 19.3% CAGR during the forecast period (2023-2030).
SoftPoS transforms the latest smartphone or tablet into a device accepting contactless payments. This simplifies and expedites the retailer's setup process and eliminates the costs associated with traditional POS devices. For instance, in March 2022, Nets, a subsidiary of Nexi Group, introduced a new payment solution called "SoftPay.io" that enables Android-based mobile phones to accept contactless payments without hardware. The tap-to-phone solution enables merchants to accept digital payments and eradicate costs associated with cash handling. Furthermore, the increase in the number of devices increases the demand for these solutions and presents merchants with tremendous opportunities.
The spread of smartphones and internet connectivity has been a major driver of the market's development. The demand for these services delivered via mobile devices will increase as more people access these technologies. In recent years, the expanding acceptance of mobile wallets and the Unified Payments Interface (UPI) are clear indications of this trend.
The number of people using the internet for financial services has grown, and internet access has become more widespread. As a result, there has been a surge in digital transactions and the usage of digital financial services, becoming more convenient and easily accessible with the help of smartphones.
According to the International Trade Administration, in response to a significant disruption in retail channels, Canadians have embraced e-commerce. 75% of Canada's population, or over 27 million users, engaged in eCommerce in 2022. By 2025, this percentage is predicted to increase to 77.6%. Rising retail eCommerce sales in Canada result from a rise in online shoppers. Furthermore, due to the technological advancements of nations like the United States, the digitalization of banking services has become increasingly effortless. Hence, all these developments in the region have increased the interest of businesses in the adoption of these technology, which in turn will drive the expansion of the market in the coming years.
The US market dominated the North America SoftPoS Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $224,918.3 Thousands by 2030. The Canada market is anticipated to grow at a CAGR of 21.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 20.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide SoftPoS Market is Projected to reach USD 1.04 Billion by 2030, at a CAGR of 20%
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, Alcinéo, 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
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Worldline (Ingenico Group)
- CM.com N.V.
- EMI Global Corp (M4Bank)
- Fime SAS
- Wizzit (Pty) Ltd
- Tidypay AS
- Bindo Labs, Inc.
- Fairbit LLC
- Alcinéo
- Asseco Group (Asseco Poland S.A.)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America SoftPoS Market, by End-User
1.4.2 North America SoftPoS Market, by Enterprise Type
1.4.3 North America 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
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Force Analysis
Chapter 4. North America SoftPoS Market by End-User
4.1 North America Retail Market by Country
4.2 North America Restaurants/Hospitality Market by Country
4.3 North America Service Based Business Market by Country
4.4 North America Others Market by Country
Chapter 5. North America SoftPoS Market by Enterprise Type
5.1 North America Small Business Market by Country
5.2 North America Medium Business Market by Country
Chapter 6. North America SoftPoS Market by Country
6.1 US SoftPoS Market
6.1.1 US SoftPoS Market by End-User
6.1.2 US SoftPoS Market by Enterprise Type
6.2 Canada SoftPoS Market
6.2.1 Canada SoftPoS Market by End-User
6.2.2 Canada SoftPoS Market by Enterprise Type
6.3 Mexico SoftPoS Market
6.3.1 Mexico SoftPoS Market by End-User
6.3.2 Mexico SoftPoS Market by Enterprise Type
6.4 Rest of North America SoftPoS Market
6.4.1 Rest of North America SoftPoS Market by End-User
6.4.2 Rest of North America 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 Alcinéo
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
TABLE 1 North America SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 2 North America SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 3 North America SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 4 North America SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 5 North America Retail Market by Country, 2019 - 2022, USD Thousands
TABLE 6 North America Retail Market by Country, 2023 - 2030, USD Thousands
TABLE 7 North America Restaurants/Hospitality Market by Country, 2019 - 2022, USD Thousands
TABLE 8 North America Restaurants/Hospitality Market by Country, 2023 - 2030, USD Thousands
TABLE 9 North America Service Based Business Market by Country, 2019 - 2022, USD Thousands
TABLE 10 North America Service Based Business Market by Country, 2023 - 2030, USD Thousands
TABLE 11 North America Others Market by Country, 2019 - 2022, USD Thousands
TABLE 12 North America Others Market by Country, 2023 - 2030, USD Thousands
TABLE 13 North America SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 14 North America SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 15 North America Small Business Market by Country, 2019 - 2022, USD Thousands
TABLE 16 North America Small Business Market by Country, 2023 - 2030, USD Thousands
TABLE 17 North America Medium Business Market by Country, 2019 - 2022, USD Thousands
TABLE 18 North America Medium Business Market by Country, 2023 - 2030, USD Thousands
TABLE 19 North America SoftPoS Market by Country, 2019 - 2022, USD Thousands
TABLE 20 North America SoftPoS Market by Country, 2023 - 2030, USD Thousands
TABLE 21 US SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 22 US SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 23 US SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 24 US SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 25 US SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 26 US SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 27 Canada SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 28 Canada SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 29 Canada SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 30 Canada SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 31 Canada SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 32 Canada SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 33 Mexico SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 34 Mexico SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 35 Mexico SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 36 Mexico SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 37 Mexico SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 38 Mexico SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 39 Rest of North America SoftPoS Market, 2019 - 2022, USD Thousands
TABLE 40 Rest of North America SoftPoS Market, 2023 - 2030, USD Thousands
TABLE 41 Rest of North America SoftPoS Market by End-User, 2019 - 2022, USD Thousands
TABLE 42 Rest of North America SoftPoS Market by End-User, 2023 - 2030, USD Thousands
TABLE 43 Rest of North America SoftPoS Market by Enterprise Type, 2019 - 2022, USD Thousands
TABLE 44 Rest of North America SoftPoS Market by Enterprise Type, 2023 - 2030, USD Thousands
TABLE 45 Key Information – Worldline
TABLE 46 Key Information – CM.com N.V.
TABLE 47 Key Information – EMI Global Corp (M4Bank)
TABLE 48 Key Information – Fime SAS
TABLE 49 Key Information – Wizzit (Pty) Ltd
TABLE 50 Key Information – Tidypay AS
TABLE 51 Key Information – Bindo Labs, Inc.
TABLE 52 Key Information – Fairbit LLC
TABLE 53 Key Information – Alcinéo
TABLE 54 Key Information – Asseco Group
List of Figures
FIG 1 Methodology for the research
FIG 2 North America SoftPoS Market, 2019 - 2030, USD Thousands
FIG 3 Key Factors Impacting SoftPoS Market
FIG 4 Porter’s Five Force Analysis: SoftPoS Market
FIG 5 North America SoftPoS Market share by End-User, 2022
FIG 6 North America SoftPoS Market share by End-User, 2030
FIG 7 North America SoftPoS Market by End-User, 2019 - 2030, USD Thousands
FIG 8 North America SoftPoS Market share by Enterprise Type, 2022
FIG 9 North America SoftPoS Market share by Enterprise Type, 2030
FIG 10 North America SoftPoS Market by Enterprise Type, 2019 - 2030, USD Thousands
FIG 11 North America SoftPoS Market share by Country, 2022
FIG 12 North America SoftPoS Market share by Country, 2030
FIG 13 North America 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: Alcinéo
FIG 24 SWOT Analysis: Asseco Group