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.
Most of the companies are now developing software and apps to provide ease in transactions to the customers. Most vendors, such as ShopKeep and ERPLY, aim to offer advanced solutions that are easily deployed on multiple hardware platforms. The POS system developed by ERPLY is compatible with tablets, iPads, smartphones, and PCs and offers combined solutions with customer relationship management (CRM) and enterprise resource planning (ERP). Customers mostly prefer and adopt non-cash transactions coupled with the rising adoption of in-store mobile payments, thereby augmenting the demand for cloud POS solutions across fuel stations’ convenience stores.
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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. Thus, the demand for point of sale terminals and software is rapidly increasing. Convenience stores at fuel stations using traditional and conventional point of sale methods face higher maintenance costs for upgrading the technology and yet not providing omnichannel support. As a result of which, the fuel retailers are preferring cloud-based payment systems that are compatible with EMV technologies owing to the increased penetration of contactless cards/payments in the market.
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