Russia POS Software Market Share
2024 Total Retail Sales: ₽20 Trillion ($272B), down 10.0% from 2023
Country Overview
- 5th Largest EMEA economy €1.9 Trillion ($2.1 Trillion)
- 4th Largest retail market in the region
- 7th Largest EMEA POS Installed Base
- 2.6% unemployment
- €1,738 ($1,817 USD) per capita retail sales.
Key Trends
- Russia’s retail sales place them in the top 5 in the region. While this might appear to make Russia a leader in retail development, their population of over 143 million results in the lowest per capita retail sales figures among the key EMEA countries. Further, the country is spread over 6.6 million square miles (and 11 time zones), which places a serious burden on expansion and supply chain issues This has an impact on Russia POS software market share.
- Data on Russia’s economy is suspect for the past few years, due in no small part to the ongoing war. Consequences are wide ranging, and not positive; H&M (170 stores), TJX (400), McDonald’s (850), and Starbucks (130) are among those who wound down their operations as a result.
- Foreign investment is hindered by widespread corruption, the highest shadow economy % of GDP of any other key country, extensive traditional open-air markets, and a suspect supply chain.
- The war caused Visa and Mastercard to cease most operations. The home-grown MIR card network expanded rapidly, currently making up ~60% of cards in Russia.
IHL Products Available for Russia POS Market
EMEA POS/mPOS Software Marketshare List – Includes over 199 top software providers for POS and mPOS in the Europe/Middle East/Africa Region. Includes Market Share and ability to get country level data. This includes vendors such as NCR, Oracle, Diebold Nixdorf, Fujitsu, Toast, Comarch, Centric, Zuchetti and many others. Can include Russia POS Software Market Share
EMEA Retail POS Terminal Study – Includes trends, barriers and shipments by country for purpose-built POS Terminals. Includes installed base, shipments and forecasts. Includes country level data.
EMEA Retail Stores/POS Sizing by Retail Chain Size – This includes the number of retailers by size and by segment. This is great for Total Available Market for POS and mPOS.
POS Terminal Hardware Market Share – This includes shipments by traditional POS Vendors such as Diebold Nixdorf, NCR, HP, and many others. Includes historical shipments, installed base and forecast.
mPOS Terminal Hardware Market Share – This includes shipments of mPOS terminals including HP, Panasonic, Huawai, Samsung and others. Includes historical shipments, installed base and forecast.