10 Most Promising POS Solution Providers - 2021

Businesses are increasingly adapting to point of sale (POS) systems. The global point-of-sale terminals market size was valued at USD 75.08 billion in 2020 and is projected to grow at a compound annual growth rate (CAGR) of about 7 percent from 2021 to 2028. Adapting to POS makes it easier to keep the track of the business and offers cashless payment. Increasing demand for cashless and contactless payments and the need for employee and customer management, inventory tracking, and online & in-store sale unification are some of the factors boosting the POS market. It is widely used in the developed countries and is widely promoted by our government in order to bring a cashless economy, thus bringing up a hassle free transaction without long waiting in the queues or without liquid cash. Due to these advantages POS system is widely accepted in healthcare, re-tail, entertainment, restaurant, and hospitality sectors.

POS providers secure the payment gateway by using end to end encryption technology making the payment safer thus helping in gaining the customer trust. The Radio-Frequency Identification (RFID) or Near Field Communication (NFC) technology is the reason for these secured transactions within seconds. The POS system provides a wide range of applications, such as supporting payments devices, printing bills, inventory management, and Customer Relationship Management (CRM).

CIO Review in this issue presents a list of "10 Most Promising POS Solution Providers - 2021" who have leveraged their extensive industry expertise and experience in bringing innovative solutions and services. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and CIO Review editorial board. We recognize their valuable contribution to the ever expanding and competitive market and their ability to sustain themselves and emerge as top contestants through their reliable services.

We present to you CIOTechOutlook 10 Most Promising POS Solution Providers - 2021.