SoftPOS Market Size

SoftPoS Market size was over USD 345.06 million in 2024 and is expected to cross USD 3.81 billion by the end of 2037, witnessing more than 20.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of SoftPoS is estimated at USD 401.1 million. The rising adoption of SoftPOS solutions by small and medium enterprises will propel the expansion of the market by the end of 2036. By 2027, a rise of 475 percent from 6 million in 2022, will the total number of merchants implementing software-only point of sale (softbox) solutions be, because of the growing utilization of contactless payments. The onboarding technique is DIY-like, and merchants can sign up for SoftPOS in a few minutes, making it simple and intuitive for the merchant to download. Thus, opening the formal payments ecosystem to many retailers quickly. The app assists MSMEs in keeping transaction records and outstanding dues the same way it does traditional diaries.

Another reason behind the massive growth of the market is the increasing prevalence of information technology across the world. Today, there are significantly more people online than there were at the start of the millennium. In terms of broadband access, only half of Americans had home broadband access in 2000. That percentage is higher than 90% as of right now. Some of the most popular technologies today include things like blockchain/cryptocurrency, 5G networks, edge computing, big data, augmented reality, and virtual reality, to name a few. Technology was no longer a recreational item and the new normal had abruptly changed. Many tech companies are still investing in disease and treatment research, but many have also been focusing on healthcare delivery. In recent years, Telehealth has grown in popularity, with many promising young tech companies launching new virtual health options. Chatbots and virtual visits are being used to provide healthcare to people, especially during COVID-19.