Scandinavia POS Software Market Share
2024 Total Retail Sales: €251 Billion ($300 Billion), up 2.2% from 2023
Country Overview
- 8th Largest EMEA economy €1.6 Trillion ($1.7 Trillion)
- 4th Largest retail market in the region
- 9th Largest EMEA POS Installed Base
- 6.4% unemployment
- €10,016 ($10,845 USD) per capita retail sales.
Key Trends
- Consists of Denmark, Finland, Norway and Sweden, who differ greatly in their approach to retail.
- Denmark tends to be territorial, with little foreign retail intervention besides Lidl, Aldi, Reitan and H&M.
- Finland is the only one of the four that adopted the Euro, and retail there is dominated by four companies (SOK, Kesko, Lidl and Suomen Lähikauppa OY) who control approximately 50% of all retail sales.
- Norway prefers cooperatives, and the top 4 command 90% of all food sales. Lidl tried and failed to enter.
- Sweden has had the most success in their retailers expanding into other markets. H&M (4,200+ stores outside of Sweden), Lindex (270+) and IKEA (which actually runs their operations out of Denmark and the Netherlands) has nearly 430.
- These four countries average 6% cash usage in POS transactions, lowest of all key EMEA countries.
IHL Products Available for Scandinavia 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 Austria/Switzerland 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.