Cloud Point Of Sale (POS) Market Size 2022 Key Companies Overview, Market Share, Demand, Trend, Growth and Forecast – Instant Interview
According to the new market research report from the IMARC group, the Global Cloud Point of Sale (POS) Market reached a value of US$2.76 billion in 2021. It is expected to reach US$10.23 billion by 2027, growing at a CAGR of 23.20% in 2022-2027.
A cloud-based point-of-sale (POS) is an internet-based point-of-sale framework that allows businesses to process customer transactions and manage operations online. It consists of various software, hardware and service solutions that organize the sale of a product or service. A cloud POS efficiently operates terminals across multiple locations, eliminates the need for large and expensive servers, and provides better service delivery to consumers. It helps improve speed, provide inventory control and product analysis, and minimize system downtime. Compared to wired systems, cloud POS is more accurate and convenient to use. As a result, it is widely used in various industries, such as healthcare, entertainment, hospitality, transportation, logistics, etc.
We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
|Year of reference :||2021|
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Important Attribute and Report Highlights:
- Detailed Global Market Share Analysis
- Market segmentation
- Historical, current and projected market size in terms of volume and value
- Latest industry trends and developments
- Competitive landscape
- Strategies of key players and product offerings
Global Cloud POS Industry Trends and Drivers:
Growing demand for secure and faster payment processing solutions among businesses and organizations is one of the major factors driving the cloud POS market. Furthermore, the growing requirement for such systems in restaurants to simplify customer engagement operations and optimize sales tasks is further increasing the market growth.
Apart from that, the expansion e-commerce sector also catalyzes the global market. Additionally, continuous technological advancements, including the integration of artificial intelligence (AI) and machine learning (ML) to accurately track inventory transactions, act as significant growth drivers. Moreover, the increasing use of these solutions in casinos, cinemas, sports arenas, etc., is expected to propel the cloud POS market in the coming years.
The competitive landscape of the industry was also examined along with the profiles of the major players which are B2B Soft, Cegid Group, Fiserv Inc., Intuit Inc., Lightspeed Commerce Inc., NEC Corporation (AT&T Inc.), Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, Samsung Electronics Co. Ltd., Shopify Inc. and Square Inc.
2022-2027 Global Cloud Point of Sale Market Analysis and Segmentation:
Breakdown by component:
Breakdown by type:
- Fixed point of sale
- Mobile point of sale
Breakdown by organization size:
- Small and medium enterprises
- Large companies
Breakdown by application:
- Retail and consumer goods
- travel and hospitality
- Media and entertainment
- Transport and logistics
- Health care
Breakdown by region:
- North America: (United States, Canada)
- Asia-Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you want the latest primary and secondary data (2022-2027) with cost module, business strategy, distribution channel, etc. Click request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
Main highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market drivers and success factors
- SWOT analysis
- Value chain
- Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we can provide it to you as part of the customization.