Fuel and Convenience Store PoS Market Research Report: Information By Component (Solutions (Fixed/Traditional/Legacy PoS, Cloud Pos, Mobile Pos), Services (Managed Services, and Professional Services), By Application (Operations Management, Cash Management, Inventory Management, Reporting & Analytics, Others), By End Use (Fuel Station and Convenience Stores) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America])—Forecast Till 2027
Market Highlights
According to MRFR, the fuel and convenience store PoS market has been developing quickly from the beyond couple of years and is relied upon to arrive at USD 3.32 Billion by 2030 from USD 366 million of every 2020 and is relied upon to develop at a CAGR of 24.26% during the forecast time frames 2020-2030.
High Demand for Cloud-Based Payment Solutions
Consistently, convenience stores at service stations manage a high volume of exchanges, and overseeing such exchanges is troublesome. Accordingly, the requirement for retail location terminals and programming is quickly rising. Convenience stores at service stations that utilization traditional retail location strategies languish more noteworthy upkeep costs over modernizing innovation while neglecting to give omnichannel support. Because of the rising market entrance of contactless cards/payments, fuel retailers pick cloud-based payment solutions that are viable with EMV advancements. With the rising number of fuel and convenience stores, clients like and use non-cash exchanges, which, joined with the developing acknowledgment of in-store versatile payments, is expanding demand for cloud POS solutions in fuel stations' convenience stores.
Key Players
The key players of the worldwide fuel and convenience store POS market include Fujitsu (Japan), LS Retail (Iceland), VeriFone (US), Diebold (US), NCR (US), PDI, Orpak Systems Ltd (Israel), DCR (US), The Pinnacle Corporation (US), Petrosoft LLC (US), and Bridge POS (US).
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Segmentation:
The global fuel and convenience store POS industry has been segmented based on component, application and end-use.
Based on components, the global fuel and convenience store POS market has been divided into software and services. The services segment has been further sub-segmented into professional services and managed services. The software segment has further been sub-segmented into fixed/traditional/legacy POS, mobile POS, and cloud POS.
Based on application, the global fuel and convenience store POS market has been segmented into inventory management, cash management, operations management, reporting and analytics, and others.
Based on end-use, the global fuel and convenience store POS market has been segmented into fuel stations and convenience stores.
Regional Analysis
North America to Lead the Global Market
North America is one of the leading markets for fuel and convenience store POS. Fuel and convenience store POS systems are becoming more popular as a result of increased digitization, technological developments, and the expanding number of fuel and convenience stores. Fuel and convenience store POS software assists store managers in managing inventory and cash management, as well as running the fuel station and store operations smoothly. The region's increased technological penetration and the presence of significant global and local enterprises have accelerated the adoption of fuel and convenience store POS solutions. North America has been divided into three countries: the United States, Canada, and Mexico. The United States dominates the regional market, while Canada is likely to rise rapidly in the near future.
Industry News
In January 2020, LS Express, LS Retail’s online point of sale (POS) system for small and medium-sized retailers, was available for customers across Australia and New Zealand.
In January 2020, Dielbold Nixdorf introduced BEETLE A1150, an all-in-one POS system that brings together the latest technology and reliability with a space-saving design.
In March 2020, The Pinnacle Corporation began offering retailers its Affiniti Cloud Mobile Ordering solution to help the customers and employees practice social distancing.
In September 2019, Diebold Nixdorf unveiled VynamicTM FCx solutions to fuel and convenience retailers. Retailers can utilize the capabilities of Vynamic FCx to improve the consumer experience by providing more personalized, adaptable, and connected services.
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Fuel and Convenience Store PoS Market Research Report: Information By Component (Solutions (Fixed/Traditional/Legacy PoS, Cloud Pos, Mobile Pos), Services (Managed Services, and Professional Services), By Application (Operations Management, Cash Management, Inventory Management, Reporting & Analytics, Others), By End Use (Fuel Station and Convenience Stores) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America])—Forecast Till 2027
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