Global SoftPoS Market Overview

The global SoftPoS (Software Point of Sale) market was valued at USD 349.6 million in 2024 and is projected to grow to USD 418.8 million in 2025 and reach USD 1,416.1 million by 2032, exhibiting a CAGR of 19.0% during the forecast period. Market growth is fueled by the rapid adoption of contactless payments, increased smartphone penetration, and the need for cost-effective and flexible point-of-sale solutions for small and medium-sized businesses.

North America dominated the global SoftPoS market with a 34.44% share in 2024, supported by strong digital payment infrastructure, widespread NFC-enabled smartphone adoption, and increasing demand for mobile payment solutions across retail and hospitality sectors.

Key Market Players

• Visa Inc.
• Mastercard Incorporated
• Fiserv, Inc.
• Stripe, Inc.
• Square, Inc. (Block, Inc.)
• Worldline SA
• Thales Group
• MYPINPAD Limited
• Phos Services Ltd.
• PayCore

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Market Drivers

1. Surge in Contactless PaymentsGrowing consumer preference for touchless transactions accelerates SoftPoS adoption among merchants and service providers.
2. Cost-Effective POS Solutions for SMEsSoftPoS eliminates the need for expensive hardware, making it an attractive option for small and medium-sized enterprises.
3. Rising Smartphone and NFC PenetrationThe increasing availability of NFC-enabled smartphones enhances the scalability and convenience of SoftPoS solutions.
4. Growth of E-commerce and Omnichannel RetailRetailers are adopting SoftPoS to unify in-store and online payment experiences, improving customer engagement.