Global Sporting Goods POS Software Market Insights Forecasts to 2033

• The Global Sporting Goods POS Software Market Size was Valued at USD 105.8 Billion in 2023
• The Market Size is Growing at a CAGR of 6.87% from 2023 to 2033
• The Worldwide Sporting Goods POS Software Market Size is Expected to Reach USD 205.7 Billion by 2033
• Asia-Pacific is Expected to Grow the fastest during the forecast period.

The Global Sporting Goods POS Software Market Size is Anticipated to Exceed USD 205.7 Billion by 2033, Growing at a CAGR of 6.87% from 2023 to 2033.

Market Overview

Sporting goods point of sale (POS) software market is a part of the broader retail technology market dedicated to specialized software solutions designed specifically for businesses in the sports goods market. These software systems allow sporting goods stores to measure sales, handle inventory, communicate with consumers, and conduct other retail tasks more successfully and efficiently. It offers a full-featured solution to handle customer relations, sales, inventory, and other parts of operating a sporting goods retail store. Sporting goods POS software is a full-featured management platform that provides analytical data and analytics to support strategic decision-making and helps businesses in efficiently managing their daily activities.

Several factors drive the industry, including strong point-of-sale (POS) software that can handle inventory synchronization, order management, and smooth customer experiences across all touchpoints is necessary for retailers to manage and integrate these numerous channels effectively. Furthermore, key market players include iVend Retail, NetSuite, Lightspeed, Tri-Tech, Skulocity, pcAmerica, and GiftLogic.

For Instance, in July 2023, the launch of one-stop POS software by PhonePe will intensify the competition for strong rival Paytm, which has in recent months handed over its all-in-one POS machines to check-out counters across the country that was otherwise accustomed to using the devices from established banks. Barcode scanning, integrated payment processing, and the capacity to manage various payment methods are benefits of point-of-sale (POS) software that facilitate quicker and more precise sales transactions.  

Report Coverage

This research report categorizes the market for the global sporting goods POS software market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global sporting goods POS software market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global sporting goods POS software market.

Driving Factors

The consumer goods market, the requirement for reliable and secure payment mechanisms is growing in significance. Systems used for payment processing need to be able to manage high transaction volumes with little error or disruption. Safe payment options, up-to-date with rules, and quicker and more dependable are what customers want. The need for POS software with the capacity to process payments securely and seamlessly is being driven by market growth. Customers' need for a more convenient and personalized shopping experience is driving the importance of digitization in the retail market. The need for POS software that can offer retailers complete digital solutions is being driven by growth in the market.

Restraining Factors

Creating and integrating point-of-sale (POS) software with current services and systems can be expensive. Businesses must spend money developing a thorough software architecture and covering the costs associated with integrating the program with other systems. This kind of technology can be important for small businesses that lack the funds to invest in it.

Market Segmentation

The global sporting goods POS software market share is classified into type and application.

• The cloud-based segment is expected to hold the largest share of the global sporting goods POS software market during the forecast period.   

Based on the type, the global sporting goods POS software market is divided into cloud-based, and on-premises. Among these, the cloud-based segment is expected to hold the largest share of the global sporting goods POS software market during the forecast period. Retailers that use cloud-based point-of-sale software can access their data and systems from any location with an internet connection. Cloud-based retailers flexibility and convenience by enabling them to remotely manage their sporting goods business operations, access real-time inventory and sales data, and keep an eye on shop performance. It is a practical and economical way to handle sales, inventory, and client interactions.

• The large enterprises segment is expected to hold the largest share of the global sporting goods POS software market during the forecast period.   

Based on the application, the global sporting goods POS software market is divided into small and medium enterprises (SMEs), and large enterprises. Among these, the large enterprises segment is expected to hold the largest share of the global sporting goods POS software market during the forecast period. Large enterprises can consist of several shop locations, and centralized management is essential. These businesses can operate every one of their outlets from a single platform due to cloud-based point-of-sale software. They facilitate improved management and decision-making by allowing for the monitoring of sales, inventory, and personnel performance at all locations.  

Regional Segment Analysis of the Global Sporting Goods POS Software Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global sporting goods POS software market over the predicted timeframe.

North America is anticipated to hold the largest share of the global sporting goods POS software market over the predicted timeframe. North America's market for point-of-sale software for sporting goods is a growing need for digital solutions to handle sales, customer information, and inventories. The need for companies to save expenses and streamline processes is another factor driving the market in this region. Several of the biggest sporting goods merchants in the world are based in this region, and they are making significant investments in POS software solutions to boost their competitive advantage and enhance customer satisfaction. In addition, the need for more advanced POS software solutions is being driven by the region's expanding population of tech-savvy consumers. The introduction of new technologies like mobile point-of-sale (POS) systems and cloud-based solutions is also helping the North America market.

Asia-Pacific is expected to grow at the fastest pace in the global sporting goods POS software market during the forecast period. The growing demand for sports and fitness products is driving the rapid growth of the sporting goods point-of-sale (POS) software market in the Asia-Pacific region. The demand for sporting products and related software is being driven by the region's high youth population, who are becoming more and more involved in sports and fitness activities. The market for sporting goods point-of-sale software is expanding due in part to the abundance of new market in the region. These markets are distinguished by a high concentration of small and medium-sized companies that are progressively implementing point-of-sale (POS) software to optimize their operations.

The Europe sporting goods point-of-sale (POS) software market is expanding rapidly. The need for effective and affordable solutions to handle sales, inventory, and customer data is driving the market. The growing acceptance of mobile and e-commerce is another factor driving the market. Customers searching for digital solutions to handle their retail operations have increased as a result of this region.

The Middle East region's sporting goods point-of-sale software market is expanding significantly. This is because people's disposable incomes are expanding together with the region's growing demand for sports and fitness activities. The demand for POS software solutions is also being driven by the region's abundance of sporting goods businesses. The number of e-commerce platforms in the Middle East is also increasing, giving consumers access to a large selection of sporting items. 

The region's growing need for digital solutions, the Latin American sporting goods point-of-sale (POS) software market is expanding substantially. The market is driven by the demand for economical and effective solutions for managing sales, inventory, and customer information. In addition, the market is being driven by the region's burgeoning e-commerce population and its growing popularity.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global sporting goods POS software market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Dick’s Sporting Goods
• Cegid
• Cin7
• GoFrugal
• iVend Retail
• NetSuite
• Lightspeed
• Tri-Tech
• Skulocity
• pcAmerica
• GiftLogic
• Agiliron
• NOVA POS
• Microsoft Corp
• Others

• Key Target Audience
• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments  

• In January 2024, A new technical fabric called Calia Inspire is used in Dick's Sporting Goods range, which is designed to be versatile. The merchant announced that to promote the line, the firm simultaneously developed a campaign called "Calia Inspire: There's Beauty in the Burn."
• In January 2024, Microsoft Corp. announced new generative AI and data solutions and capabilities for retailers at Retail's Big Show. These solutions and capabilities span the retail shopper journey, enabling personalized shopping experiences, empowering store associates, unlocking and unifying retail data, and assisting brands in reaching their audiences more effectively.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global sporting goods POS software market based on the below-mentioned segments: 

Global Sporting Goods POS Software Market, By Type

• Cloud-based
• On-premises

Global Sporting Goods POS Software Market, By Application

• Small and Medium Enterprises (SMEs)
• Large Enterprises

Global Sporting Goods POS Software Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa