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Fuel and Convenience Store POS Market Size, Industry Share, Trends, Approaches and Forecast

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Global Fuel and Convenience Store POS Market is projected to expand at a 24.9% CAGR during the forecast period.

Based on component, the market has been segmented into software and services. The services segment dominated the global market in 2019 and is estimated to remain the same during the review period. The services segment is further segmented into professional services and managed services. The managed services segment will remain dominant by 2026. The software segment has further been bifurcated into fixed/traditional/legacy POS, mobile POS, and cloud POS. The fixed/traditional/legacy POS segment accounted for about 57.6% market share in 2019, while the mobile POS segment is projected to register the highest CAGR of 29.4% by 2026.

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Geographically, the fuel and convenience store POS market has been categorized as North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is anticipated to dominate the global fuel and convenience store point of sale (POS) market during the study period.

MRFR study identifies some of the prominent players in the fuel and convenience store POS market as LS Retail, VeriFone, Diebold, NCR, PDI, Orpak Systems Ltd, DCR, The Pinnacle Corporation, Petrosoft LLC, and Bridge POS, among others.

POS software or point-of-sale software is a solution, which is capable of analyzing the inventories, sales reports, cash management and other parameters, and offering a graphical and pictorial representation to facilitate business insights. This helps the vendors simplify their business operations and increase employee productivity, operational efficiency, and customer satisfaction. Convenience stores at gas stations undergo a high volume of transactions every day, and running such transactions are complicated.

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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR’s methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.

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