South Africa Hotel POS Software Market Report (Fixed POS Terminal, Mobile POS Terminal) 2021-2028
DUBLIN, November 30, 2021–(BUSINESS WIRE)–The “South Africa Hospitality POS Software Market 2021-2028” report has been added to from ResearchAndMarkets.com offer.
South Africa Hotel POS Software Market Size is expected to reach USD 109.0 Million by 2028, registering a CAGR of 5.7% from 2021 to 2028
The adoption of modern payment methods and the need to manage orders, inventory, customers, employees, and accounting information are the factors driving the demand for point of sale software.
Additionally, the growth of the hospitality industry in South Africa is giving impetus to the growing demand for point of sale solutions for hospitality. The other factor expected to drive demand is the need to track and manage online food orders and delivery facilities to sustain and grow the business.
The South African hospitality industry has opportunities and room for growth ahead. However, the COVID-19 pandemic is expected to halt the pace of growth as the third wave of COVID-19 is expected to hit the country, which may lead to a strict lockdown. The country faced severe repercussions from COVID-19 in 2020 when the government imposed restrictions, including on restaurants and hotels.
The 2020 lockdown has significantly affected the restaurant and hospitality industry, with both overseas and domestic tourism declining in South Africa. The negative effect on the growth of the hospitality industry due to restrictions on international flights, the opening of hotels and restaurants and the movement of people, subsequently led to a decline in the number of existing customers and new point-of-sale software subscription purchases.
Consumers are using online delivery and payment methods. Restaurants can operate their business by following government guidelines for food delivery. Additionally, staycations became a trend in South Africa when the government eased lockdown restrictions, which allowed hotels to generate significant revenue when the tourism industry in the country declined.
These new trends in the hospitality industry have further helped the POS providers to understand the changing scenarios and come up with a suitable solution. POS vendors expect an increase in demand for hospitality POS solutions following the COVID-19 pandemic as homebound consumers yearn to travel and re-explore restaurants for the dining experience.
Thus, a boost in the hospitality industry post-pandemic is expected to trigger the demand for POS solutions and contribute to market growth over the forecast period.
Highlights of the South Africa Hotel POS Software Market Report
The expected revival of the travel, tourism, hotel and restaurant industry post-pandemic is expected to contribute to the overall market growth
The mobile point-of-sale (mPOS) terminal segment is expected to register the highest CAGR during the forecast period. Rising demand for mPOS terminals due to their affordability, portability, ease of use and payment is increasing the demand for hospitality POS solutions for mPOS terminals
The demand for software compatible with fixed POS terminals was the highest in 2020, accounting for more than 60% of the total market share. Large enterprises investing in owning fixed point-of-sale terminals to provide data security and control of terminals installed on the premises are driving the high demand for Windows-compatible point-of-sale software solutions.
Major vendors operating in the market are AdaptIT, NCR Corporation, Square Inc., TouchBistro, Sapaad, and Lightspeed
Main topics covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
2.1 South Africa Hotel POS Software Market
2.1.1 Market, 2017-2028 (USD Million)
2.2 Product Segment Trends
Chapter 3 Industry Outlook
3.1 Mapping of penetration and growth prospects
3.2 Analysis of market variables
3.3 South Africa Hospitality POS Software Market: COVID-19 Impact Analysis
Chapter 4 South Africa Hospitality POS Software Market: Product Segment Analysis
4.1 Fixed POS terminal
4.1.1 Market, 2017-2028 (USD Million)
4.2 Mobile POS terminal
4.2.1 Market, 2017 – 2028 (Million USD)
Chapter 5 Competitive Landscape
5.1 South Africa Hospitality POS Software Market: Key Company Analysis, 2020
5.1.1 Recent Developments and Competition Impact Analysis, by Major Market Players
5.1.2 Major transactions and strategic analysis
5.2 Company Profiles
Clover Network, Inc.
Speed of light
inTouch point of sale
Vectron Systems Pty Ltd
For more information on this report, visit https://www.researchandmarkets.com/r/vpnsgd
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211130005622/en/
Laura Wood, Senior Press Officer
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