Southeast Asia POS Payment Market
Description
The Southeast Asia Point of Sale (POS) payment system includes a range of hardware and software solutions that are designed to facilitate inventory management, sales transactions, and customer engagement across various industries. It is used in e-commerce, hospitality, retail, entertainment and healthcare sectors to enhance customer experience. The Southeast Asia Point of Sale (POS) payment system includes cloud-based POS solutions, mobile POS (mPOS), and self-service kiosks to streamline operations and cater small enterprises and large corporations.
There is an increase in adoption of digital payments in Southeast Asia which surges the demand for POS systems across the region. Further, government is also promoting cashless transactions across Vietnam, Thailand, Malaysia, Indonesia and the Philippines, which is also boosting the demand for POS payment systems. In addition, e-commerce expansion has surged the need for POS systems that can manage both online and offline sales.
However, high initial investment and operational costs pose major growth challenges for the Southeast Asia POS payment market. Small and medium enterprises face budget constraints while adopting POS systems, which limits the demand for these systems in the region. Also, the cost of hardware components and software fees limit the adoption of POS systems among the small and medium enterprises across Indonesia, Vietnam and the Philippines. Moreover, digital infrastructure and high-speed internet connectivity increase the cost for businesses in rural areas limiting the adoption of POS payment systems in the Southeast Asia market.
Southeast Asia POS Payment Market
Segment Review
The Southeast Asia POS payment market is segmented on the basis of component, mobility type, deployment mode, end user and country. By component, it is categorized into hardware, software and service. On the basis of mobility type, it is classified into fixed POS and mobile POS. By deployment mode, the market is bifurcated into on-premise, and cloud. By end user, it is fragmented into retail, hospitality, healthcare, entertainment, transportation and others. By country, it is analyzed across Singapore, Malaysia, Southeast Asia, Indonesia, Philippines, Vietnam and Rest of Southeast Asia.
On the basis of end user, the retail segment dominated the Southeast Asis POS payment market in 2019, and is expected to remain dominant during the forecast period. This is attributed to developments in the POS technology, which have increased transaction efficiency. However, the healthcare segment is expected to witness the growth, due to developments in healthcare infrastructure.
Competition Analysis
The report analyzes the profiles of key players operating in the Southeast Asia POS payment market such as Oracle Corporation, Block, Inc., Shopify, Clover Network, LLC, EPOS Singapore Pte. Ltd, Megapos, Edgeworks Solutions Pte. Ltd, Qashier Pte Ltd, Integrated Retail Management Consulting Pte. Ltd., Eisol Pte Ltd, Weebo Pte Ltd, Suntoyo Technology Pte Ltd, Bosstab, Condor POS Solution Ltd., Mosaic Solutions, Storehub Philippines Inc., Hashmicro, Peddlr Philippines, ANSI Information Systems (Winvqp), Maya, and LS Retail. These players have adopted various strategies to increase their market penetration and strengthen their position in the Southeast Asia POS payment market.
Recent developments
in the Southeast Asia POS Payment Market
In April 2024, The Ansi Information Systems, Inc., launched ANSI WinVQP POS Kiosk suite of software features designed to optimize retail operations.
In December 2023, HashMicro partnered with Gravio to enhance its Enterprise Resource Planning (ERP) platform by integrating Internet of Things (IoT) and edge computing technologies.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
There is an increase in adoption of digital payments in Southeast Asia which surges the demand for POS systems across the region. Further, government is also promoting cashless transactions across Vietnam, Thailand, Malaysia, Indonesia and the Philippines, which is also boosting the demand for POS payment systems. In addition, e-commerce expansion has surged the need for POS systems that can manage both online and offline sales.
However, high initial investment and operational costs pose major growth challenges for the Southeast Asia POS payment market. Small and medium enterprises face budget constraints while adopting POS systems, which limits the demand for these systems in the region. Also, the cost of hardware components and software fees limit the adoption of POS systems among the small and medium enterprises across Indonesia, Vietnam and the Philippines. Moreover, digital infrastructure and high-speed internet connectivity increase the cost for businesses in rural areas limiting the adoption of POS payment systems in the Southeast Asia market.
Southeast Asia POS Payment Market
Segment Review
The Southeast Asia POS payment market is segmented on the basis of component, mobility type, deployment mode, end user and country. By component, it is categorized into hardware, software and service. On the basis of mobility type, it is classified into fixed POS and mobile POS. By deployment mode, the market is bifurcated into on-premise, and cloud. By end user, it is fragmented into retail, hospitality, healthcare, entertainment, transportation and others. By country, it is analyzed across Singapore, Malaysia, Southeast Asia, Indonesia, Philippines, Vietnam and Rest of Southeast Asia.
On the basis of end user, the retail segment dominated the Southeast Asis POS payment market in 2019, and is expected to remain dominant during the forecast period. This is attributed to developments in the POS technology, which have increased transaction efficiency. However, the healthcare segment is expected to witness the growth, due to developments in healthcare infrastructure.
Competition Analysis
The report analyzes the profiles of key players operating in the Southeast Asia POS payment market such as Oracle Corporation, Block, Inc., Shopify, Clover Network, LLC, EPOS Singapore Pte. Ltd, Megapos, Edgeworks Solutions Pte. Ltd, Qashier Pte Ltd, Integrated Retail Management Consulting Pte. Ltd., Eisol Pte Ltd, Weebo Pte Ltd, Suntoyo Technology Pte Ltd, Bosstab, Condor POS Solution Ltd., Mosaic Solutions, Storehub Philippines Inc., Hashmicro, Peddlr Philippines, ANSI Information Systems (Winvqp), Maya, and LS Retail. These players have adopted various strategies to increase their market penetration and strengthen their position in the Southeast Asia POS payment market.
Recent developments
in the Southeast Asia POS Payment Market
In April 2024, The Ansi Information Systems, Inc., launched ANSI WinVQP POS Kiosk suite of software features designed to optimize retail operations.
In December 2023, HashMicro partnered with Gravio to enhance its Enterprise Resource Planning (ERP) platform by integrating Internet of Things (IoT) and edge computing technologies.The research methodology of the global market involves extensive primary and secondary research. Primary research includes about over 12 hours of interviews and discussion with a wide range of stakeholders, including upstream and downstream participants. The primary research typically is the bulk of our research efforts; however, coherently supported by extensive secondary research. Researchers have reviewed over 6,765 product literatures, industry releases, annual reports, and other such documents of key industry participants to obtain better market understanding and gain competitive intelligence. In addition, authentic industry journals, trade associations' releases,and government websites have also been reviewed for generating high-value industry insights.
Table of Contents
217 Pages
- CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key benefits for stakeholders
- 1.3.Key market segments
- 1.4.Key benefits
- 1.5.Research methodology
- 1.5.1.Primary research
- 1.5.2.Secondary research
- 1.5.3.Analyst tools and models
- CHAPTER 2:EXECUTIVE SUMMARY
- 2.1.CXO Perspective
- CHAPTER 3:MARKET OVERVIEW
- 3.1.Market Definition and Scope
- 3.2.Key Findings
- 3.2.1.Top Impacting factors
- 3.2.2.Top investment pockets
- 3.3.Porter’s five forces analysis
- 3.3.1.Bargaining power of suppliers
- 3.3.2.Bargaining power of buyers
- 3.3.3.Threat of substitution
- 3.3.4.Threat of new entrants
- 3.3.5.Intensity of competitive rivalry
- 3.4.Market Dynamics
- 3.4.1.Driver
- 3.4.1.1.Digital Payment Adoption and Government Initiatives
- 3.4.1.2.Growth of E-commerce and Omnichannel Retailing
- 3.4.1.3.Rise in Consumer Demand for Contactless and Mobile Payments
- 3.4.2.Restraints
- 3.4.2.1.High Initial Investment and Operational Costs
- 3.4.2.2.Cybersecurity Risks and Data Privacy Concerns
- 3.4.3.Opportunity
- 3.4.3.1.Expansion of Small and Medium Enterprises (SMEs)
- 3.4.3.2.Advancements in AI, Cloud Computing, and Fintech Integration
- 3.5.Technology Landscape
- 3.6.Company Share Analysis
- CHAPTER 4:SOUTHEAST ASIA POS PAYMENT MARKET, BY COMPONENT
- 4.1.Market overview
- 4.1.1.Market size and forecast
- 4.2.Hardware
- 4.2.1.Key market trends, growth factors and opportunities
- 4.2.2.Market size and forecast
- 4.3.Software
- 4.3.1.Key market trends, growth factors and opportunities
- 4.3.2.Market size and forecast
- 4.4.Services
- 4.4.1.Key market trends, growth factors and opportunities
- 4.4.2.Market size and forecast
- CHAPTER 5:SOUTHEAST ASIA POS PAYMENT MARKET, BY MOBILITY TYPE
- 5.1.Market overview
- 5.1.1.Market size and forecast
- 5.2.Fixed POS
- 5.2.1.Key market trends, growth factors and opportunities
- 5.2.2.Market size and forecast
- 5.3.Mobile POS
- 5.3.1.Key market trends, growth factors and opportunities
- 5.3.2.Market size and forecast
- CHAPTER 6:SOUTHEAST ASIA POS PAYMENT MARKET, BY DEPLOYMENT MODE
- 6.1.Market overview
- 6.1.1.Market size and forecast
- 6.2.On-premise
- 6.2.1.Key market trends, growth factors and opportunities
- 6.2.2.Market size and forecast
- 6.3.Cloud POS
- 6.3.1.Key market trends, growth factors and opportunities
- 6.3.2.Market size and forecast
- CHAPTER 7:SOUTHEAST ASIA POS PAYMENT MARKET, BY END USER
- 7.1.Market overview
- 7.1.1.Market size and forecast
- 7.2.Retail
- 7.2.1.Key market trends, growth factors and opportunities
- 7.2.2.Market size and forecast
- 7.3.Hospitality
- 7.3.1.Key market trends, growth factors and opportunities
- 7.3.2.Market size and forecast
- 7.4.Healthcare
- 7.4.1.Key market trends, growth factors and opportunities
- 7.4.2.Market size and forecast
- 7.5.Entertainment
- 7.5.1.Key market trends, growth factors and opportunities
- 7.5.2.Market size and forecast
- 7.6.Transportation
- 7.6.1.Key market trends, growth factors and opportunities
- 7.6.2.Market size and forecast
- 7.7.Others
- 7.7.1.Key market trends, growth factors and opportunities
- 7.7.2.Market size and forecast
- CHAPTER 8:SOUTHEAST ASIA POS PAYMENT MARKET, BY COUNTRY
- 8.1.Market overview
- 8.2.Southeast Asia
- 8.2.1.Key market trends, growth factors, and opportunities
- 8.2.2.Market size and forecast, by country
- 8.2.2.1.Singapore
- 8.2.2.1.1.Market size and forecast, component
- 8.2.2.1.2.Market size and forecast, mobility type
- 8.2.2.1.3.Market size and forecast, deployment mode
- 8.2.2.1.4.Market size and forecast, deployment mode
- 8.2.2.2.Malaysia
- 8.2.2.2.1.Market size and forecast, component
- 8.2.2.2.2.Market size and forecast, mobility type
- 8.2.2.2.3.Market size and forecast, deployment mode
- 8.2.2.2.4.Market size and forecast, deployment mode
- 8.2.2.3.Thailand
- 8.2.2.3.1.Market size and forecast, component
- 8.2.2.3.2.Market size and forecast, mobility type
- 8.2.2.3.3.Market size and forecast, deployment mode
- 8.2.2.3.4.Market size and forecast, deployment mode
- 8.2.2.4.Indonesia
- 8.2.2.4.1.Market size and forecast, component
- 8.2.2.4.2.Market size and forecast, mobility type
- 8.2.2.4.3.Market size and forecast, deployment mode
- 8.2.2.4.4.Market size and forecast, deployment mode
- 8.2.2.5.Philippines
- 8.2.2.5.1.Market size and forecast, component
- 8.2.2.5.2.Market size and forecast, mobility type
- 8.2.2.5.3.Market size and forecast, deployment mode
- 8.2.2.5.4.Market size and forecast, deployment mode
- 8.2.2.6.Vietnam
- 8.2.2.6.1.Market size and forecast, component
- 8.2.2.6.2.Market size and forecast, mobility type
- 8.2.2.6.3.Market size and forecast, deployment mode
- 8.2.2.6.4.Market size and forecast, deployment mode
- 8.2.2.7.Rest of Southeast Asia
- 8.2.2.7.1.Market size and forecast, component
- 8.2.2.7.2.Market size and forecast, mobility type
- 8.2.2.7.3.Market size and forecast, deployment mode
- 8.2.2.7.4.Market size and forecast, deployment mode
- CHAPTER 9:COMPETITIVE LANDSCAPE
- 9.1.Introduction
- 9.2.Top winning strategies
- 9.3.Competitive dashboard
- 9.4.Key player positioning
- CHAPTER 10:COMPANY PROFILE
- 10.1.ORACLE CORPORATION
- 10.1.1.Company overview
- 10.1.2.Company snapshot
- 10.1.3.Operating business segment
- 10.1.4.Product portfolio
- 10.1.5.Business performance
- 10.2.BLOCK, INC.
- 10.2.1.Company overview
- 10.2.2.Company snapshot
- 10.2.3.Operating business segment
- 10.2.4.Product portfolio
- 10.2.5.Business performance
- 10.3.CLOVER NETWORK, LLC
- 10.3.1.Company overview
- 10.3.2.Company snapshot
- 10.3.3.Product portfolio
- 10.4.EPOS SINGAPORE PTE. LTD
- 10.4.1.Company overview
- 10.4.2.Company snapshot
- 10.4.3.Product portfolio
- 10.5.MEGAPOS
- 10.5.1.Company overview
- 10.5.2.Company snapshot
- 10.5.3.Product portfolio
- 10.5.4.Key strategic moves and developments
- 10.6.EDGEWORKS SOLUTIONS PTE. LTD.
- 10.6.1.Company overview
- 10.6.2.Company snapshot
- 10.6.3.Product portfolio
- 10.7.QASHIER PTE LTD
- 10.7.1.Company overview
- 10.7.2.Company snapshot
- 10.7.3.Product portfolio
- 10.7.4.Key strategic moves and developments
- 10.8.INTEGRATED RETAIL MANAGEMENT CONSULTING PTE. LTD
- 10.8.1.Company overview
- 10.8.2.Company snapshot
- 10.8.3.Product portfolio
- 10.9.EISOL PTE LTD
- 10.9.1.Company overview
- 10.9.2.Company snapshot
- 10.9.3.Product portfolio
- 10.10.WEEBO PTE LTD
- 10.10.1.Company overview
- 10.10.2.Company snapshot
- 10.10.3.Product portfolio
- 10.11.SUNTOYO TECHNOLOGY PTE LTD
- 10.11.1.Company overview
- 10.11.2.Company snapshot
- 10.11.3.Product portfolio
- 10.12.BOSSTAB
- 10.12.1.Company overview
- 10.12.2.Company snapshot
- 10.12.3.Product portfolio
- 10.13.CONDOR SOLUTIONS LTD.
- 10.13.1.Company overview
- 10.13.2.Company snapshot
- 10.13.3.Product portfolio
- 10.14.MOSAIC SOLUTIONS
- 10.14.1.Company overview
- 10.14.2.Company snapshot
- 10.14.3.Product portfolio
- 10.15.STOREHUB PHILIPPINES INC
- 10.15.1.Company overview
- 10.15.2.Company snapshot
- 10.15.3.Product portfolio
- 10.15.4.Key strategic moves and developments
- 10.16.HASHMICRO
- 10.16.1.Company overview
- 10.16.2.Company snapshot
- 10.16.3.Product portfolio
- 10.16.4.Key strategic moves and developments
- 10.17.PEDDLR PHILIPPINES
- 10.17.1.Company overview
- 10.17.2.Company snapshot
- 10.17.3.Product portfolio
- 10.18.MAYA
- 10.18.1.Company overview
- 10.18.2.Company snapshot
- 10.18.3.Product portfolio
- 10.19.ANSI INFORMATION SYSTEMS (WINVQP)
- 10.19.1.Company overview
- 10.19.2.Company snapshot
- 10.19.3.Product portfolio
- 10.19.4.Key strategic moves and developments
- 10.20.LS RETAIL
- 10.20.1.Company overview
- 10.20.2.Company snapshot
- 10.20.3.Product portfolio
- 10.20.4.Key strategic moves and developments
- 10.21.SHOPIFY
- 10.21.1.Company overview
- 10.21.2.Company snapshot
- 10.21.3.Operating business segments
- 10.21.4.Product portfolio
- 10.21.5.Business performance
- 10.21.6.Key strategic moves and developments
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