NAICS Code 541611-01 - Point Of Sale

Marketing Level - NAICS 8-Digit

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NAICS CODE 541611-01
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NAICS Code 541611-01 Description (8-Digit)

The Point of Sale (POS) industry involves the software and hardware systems used by businesses to process transactions with customers. This industry is responsible for the development and implementation of technology that allows businesses to manage sales, inventory, and customer data. The POS industry is essential for businesses of all sizes, from small retail shops to large multinational corporations. The technology used in this industry is constantly evolving to meet the changing needs of businesses and consumers.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 541611 page

Tools

Tools commonly used in the Point Of Sale industry for day-to-day tasks and operations.

  • POS software
  • Barcode scanners
  • Cash registers
  • Credit card readers
  • Receipt printers
  • Customer displays
  • Touchscreen monitors
  • Inventory management software
  • Mobile POS devices
  • Payment processing software
  • Loyalty program software
  • Sales analytics software
  • Electronic signature pads
  • POS terminals
  • POS peripherals
  • POS hardware maintenance tools
  • Cloud-based POS systems
  • Self-checkout kiosks
  • Digital menu boards

Industry Examples of Point Of Sale

Common products and services typical of NAICS Code 541611-01, illustrating the main business activities and contributions to the market.

  • Retail POS
  • Restaurant POS
  • Hospitality POS
  • Salon and Spa POS
  • Convenience store POS
  • Grocery store POS
  • Pharmacy POS
  • Gas station POS
  • Mobile food truck POS
  • Stadium and arena POS
  • Museum and attraction POS
  • E-commerce POS
  • Wholesale distribution POS
  • Healthcare POS
  • Education POS
  • Government POS
  • Non-profit POS

History

A concise historical narrative of NAICS Code 541611-01 covering global milestones and recent developments within the United States.

  • The Point of Sale (POS) industry has come a long way since its inception in the early 1800s. The first cash register was invented in 1879 by James Ritty, a saloon owner in Dayton, Ohio, to prevent his employees from stealing. In the 1970s, the first electronic cash register was introduced, and in the 1980s, barcode scanning technology was integrated into POS systems. The 1990s saw the introduction of touch screen technology, and in the 2000s, cloud-based POS systems became popular. In recent years, the industry has seen a shift towards mobile POS systems, which allow businesses to process transactions on-the-go. In the United States, the POS industry has experienced significant growth in the past decade, with the increasing popularity of e-commerce and the rise of mobile payments. In 2020, the COVID-19 pandemic accelerated the adoption of contactless payment methods, further driving the growth of the POS industry in the US.