The POS software market accounted for US$ 12.23 Bn in 2018 and is anticipated to grow at a CAGR of 8.4% to reach US$ 42.49 Bn by 2027.
Stock-outs are among the common issues faced by both retailers and consumers. The situation profoundly impacts the retail business through lowered sales as well as damage extending far beyond sales. It also results in disappointing customer experience, along with increasing the customer churn rate. A more adverse impact of the out-of-stock also includes the hampered brand sensitivity as well as brand value, which subsequently leads to the loss of the brand’s goodwill and revenues losses for retailers and marketers.
