Point-of-Sale (POS) Software Market in China 2008-2012

Point-of-Sale or POS software refers to applicationsto drive the EMV compatible POS systems in the
that automate various activities of a retail outlet andChinese market.
are used for retail sales management.The POS software market in China is undergoing a
Control over operations, increasing efficiency,developmental phase. There has been a lot of
productivity gains, increasing the productivity of servingtechnological advancement and expansion in the
staff, fine-tuning of business model and return onChinese POS software market. New technologies are
investment are the primary drivers of POS software.being continuously added into the POS machine
Importance of detailed reports that can helpsystem on the section of display, storage, hard disks,
companies make more informed business decisions,operation platform, etc. In China, both the foreign as
and increasing inventory shrinkage, theft, wastage andwell as domestic manufacturers (despite having a
employee misuse are driving the sales of the POSconsiderable volume of sales), try to save time on
software in the retail and hospitality sectors.R&D activities; thus, compromising on the design
Availability of wireless POS systems, average lifeand functionalities of the POS machines.
completion of many installed terminals, along with theThe report by TechNavio Insights forecasts the size
new software requirement for the efficient utilization ofof the Point-of-Sale (POS) Software market in China
old POS systems are also offering potential salesover the period 2008-2012. Further, it discusses the
opportunity for POS software.key market trends, drivers and challenges of the POS
In addition, EMV compliance – (Europay/MasterCardSoftware market in China, and profiles some of the
Visa) standard for chip-embedded cards is expectedkey vendors of this industry.