"Smart Strategies, Giving Speed to your Growth Trajectory"

Cloud Point of Sale (POS) Market Size, Share & Industry Analysis, By Component (Solution, Services), By Type (Fixed Point of Sale, Mobile Point of Sale), By Enterprise Size (Large Enterprises, Small and Medium Enterprises (SMEs)), By Application (Retail & E- commerce, Restaurant, Hospitality, Transportation & Logistics, Entertainment & Media) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104912 | Status : Ongoing

 

KEY MARKET INSIGHTS

The cloud point of sale (POS) is a web-based solution that allows processing payments via the internet. The cloud POS system stores transaction processing data in the cloud. The cloud POS solution's capability to access it anytime and anywhere through the internet drives the adoption of a cloud-based point of sale solution. The growing proliferation of electronic-commerce and cashless transactions in the retail and consumer goods industries is one of the key factors driving the market growth. The cloud POS solution is gaining traction across the retail and e-commerce industry due to the improved customer service delivery. The growing emphasis on multi-channel selling coupled with mobility trends is likely to propel the cloud POS market growth. With the technological advancements, the cloud-based POS solution is evolving to make the solution more secure and easily manageable from the past few years. This factor would be further impact positively to the market growth.


The consistent growth in the demand for smartphones and strong internet connection supports mobile and contactless payments among consumers. With the growing acceptance of online or cashless payment methods, the cloud point of sale (POS) market would experience unprecedented demand. The COVID-19 global pandemic has further escalated the demand for contactless payments to maintain safety and cleanliness. According to the survey conducted by Mastercard International Incorporated in April 2020, 79% of people worldwide have started using contactless payments during the COVID-19 pandemic time. Thus, the growing acceptance of digital payments promises several end-users, such as restaurants, hotels, retail, and healthcare industries, to deploy cloud-based point of sale (POS) solutions to offer a superior customer service experience. The integration of a cloud-based POS system with customer support functions, analytics, inventory management, and sales & automation tools has significantly propelled the adoption. 

The cloud POS solution enables owners to record and track the transaction or purchase histories and essential data required to increase profits. Thus, cafes or restaurants are increasingly adopting cloud point of sale (POS) solutions to simplify sales tasks and customer engagement operations.

Up Arrow

Key Market Driver -

• Growing demand for e-commerce and online payment methods would be likely to drive the market

Down Arrow

Key Market Restraint -

• High security concerns are responsible to limit the adoption


Key Players Covered:


The key players operating the global cloud point of sale (POS) market include Cegid Group, Celerant Technology, Clover Network, Inc., EPOS Now (ePOS Inc.), ERPLY, Future POS, Kounta Holdings Pty Limited, Lightspeed POS Inc., NCR Corporation, Oracle Corporation, PAR Technology, Phorest Salon Software, Revel Systems, Inc., Shopify, Shopkeep, Inc., Square, Inc., Toast, Inc., TouchBistro, Inc., Upserve, Inc., Vend Limited, and among others.

The global cloud POS market encompasses numerous, well-established, international, and domestic players. These vendors are adopting a new, forward-thinking strategic solutions and services that help them to stay competitive in the overall market. Several market players are adopting ultimate business strategies such as new product launches to strengthen their global market position. In February 2019, Upserve, Inc. announced the launch of an integrated, cloud-based point of sale solution named ‘Upserve Tableside Mobile POS and Upserve Workforce solution.’ The new solution aimed to deliver workforce tools, inventory solutions, and POS solutions to manage restaurant operations. Strategic partnerships and collaboration are key strategies that vendors are adopting to expand their business and product portfolio.

Regional Analysis:


North America is anticipated to hold a significant share in the global cloud POS market due to the high demand forcloud-based services. The region is technologically advanced, which supports the adoption of advanced solutions and services. The United States and Canada are frontrunning countries in accepting contactless payment methods, supporting market growth across the region. The United States-based retailers are highly adopting online payment solutions, which further drives cloud-based POS system adoption. Cafes, restaurant owners in the United States rely on online transactions, which further impacts the market growth.

Similarly, Europe is also likely to register a remarkable growth rate due to its significant mobile POS industry developments. The integration of cutting-edge technologies such as biometrics in point of sale POS drives the growth of the cloud POS solution market.

The Asia-Pacific region is probable to register the highest growth during the forecast years. The growth is mainly attributed to the large presence of prominent vendors. Progressive acceptance of cloud-based services in the region again supporting the cloud-based POS market growth. With the surge in cloud payment services, countries including Singapore, China, India are likely to exhibit significant growth over the years. As per the survey accompanied by the United Overseas Bank (UOB), in November 2019, about 65% of small and medium enterprises in Singapore have adopted automation and cloud-based solutions, particularly accounting and customer relationship management. Thus, the cumulative adoption of cloud-based solutions among the Asean SMEs would drive the cloud POS market growth across the region.   

To gain extensive insights into the market, Request for Customization


Segmentation






























 ATTRIBUTE

  DETAILS

By Component



  • Solution

  • Services

    • Professional

    • Managed





By Type



  • Fixed Point of Sale

  • Mobile Point of Sale



By Enterprise Size



  • Large Enterprises

  • Small and Medium Enterprises (SMEs)



By Application



  • Retail & E-commerce

  • Restaurant

  • Hospitality

  • Transportation & Logistics

  • Entertainment & Media

  • Healthcare

  • Others



By Geography



  • North America (the United States, Canada, and Mexico)

  • South America (Brazil, Argentina, and Rest of South America)

  • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)

  • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)

  • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)



Key Industry Developments:



  • September 2019: GK Software SE launched  of an integrated fuel solution, called ‘GK Drive’ for its cloud-based OmniPOS platform. GK Drive aimed to simplify the fuel retailing ecosystem and to deliver seamless point of sale (POS) experiences to its customers.

  • January 2019: Lightspeed launched of an intuitive point of sale system and comprehensive e-commerce solution, and additional core functionalities. The solution reduces complexity by seamlessly integrating into the ‘Lightspeed platform, eliminating the necessity to use a separate payments platform.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Information & Technology Clients
Fujitsu
Samsung
Toshiba
Lek
Go daddy
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X