Search Juniper Research

Cart

There are currently no items in your cart.

Mapping the Soft POS Revolution: the Top 20 Countries for 2024

Wednesday, 20 December 2023
Fintech & Payments
Daniel Bedford
Senior Research Analyst

Soft POS is reshaping the landscape of the payments industry, offering a transformative solution that eliminates the necessity for traditional POS hardware. This innovative technology allows businesses to conduct transactions seamlessly using only a smartphone or tablet.

The impact of soft POS extends beyond its convenience, presenting a mobile and affordable alternative for companies already accustomed to traditional POS terminals. Additionally, it unlocks new avenues for business opportunities that were previously inaccessible due to the prohibitive costs and complexities associated with hardware-based systems.

However, soft POS faces challenges. Its current limitation to contactless transactions, security concerns related to personal devices, and potential usability issues for visually impaired users hinder widespread adoption. Despite these obstacles, the future outlook for soft POS is promising. It is expected to coexist with dedicated POS systems, focusing on distinct market niches, while Apple's entry into the market, along with investments from major financial players, is accelerating its growth and credibility.

While dedicated POS systems will not become obsolete, soft POS is a disruptive force with the potential to gain significant market share. The competition between soft POS and mobile POS developers will drive innovation, with the former expected to secure its niche and compete as a viable alternative to dedicated POS.

Source: Global POS Terminals Market 2024-2028

See Our Latest Findings: Global Soft POS Transaction Value to Experience Massive Growth of 1,050% by 2028; Driven by Apple’s Tap to Pay Roll-out

Download the Whitepaper: Top 5 Emerging POS Trends

Get the related whitepaper

Whitepaper
July 2026
Fintech & Payments

From Transaction to Transformation: The Future of POS

Our complimentary whitepaper, From Transaction to Transformation: The Future of POS, analyses the current landscape of the POS market. It also provides insight into key trends shaping the POS market, such as POS terminals increasingly being used as a business management platform.

VIEW WHITEPAPER

Get the related research

Cover Image
Report
July 2026
Fintech & Payments

POS Market 2026-2031

Our Point of Sale (POS) Market research suite provides detailed and insightful analysis of this evolving market; enabling stakeholders - from POS hardware manufacturers, payment infrastructure providers, software developers, and hospitality and retail vendors - to understand future growth, key trends, and the competitive environment.

VIEW RESEARCH

Latest research, whitepapers & press releases

Visit research store