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The global cloud POS market reached a value of US$ 2.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.23 Billion by 2027, exhibiting at a CAGR of 23.20% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A cloud POS is a web-based point-of-sale system that allows businesses to process customer transactions and manage business operations through the internet. It includes various hardware, software and service-based solutions that manage the transaction during the sale of a product or a service. Cloud POS eliminates the need for bulky and expensive servers, efficiently manages POS terminals across multiple locations and offers improved service delivery to the customers. It also enhances speed, provides inventory control, product analysis and minimizes system downtime. In comparison to hardwired POS systems, cloud POS is more accurate and convenient to use. As a result, cloud POS finds extensive applications across various industries, such as healthcare, entertainment, hospitality and transportation and logistics.
The increasing demand for secure and faster payment processing solutions across businesses and organizations is one of the key factors driving the growth of the market. Cloud POS is widely used to streamline daily operations and track client behavior for enhancing profits. Additionally, the widespread product adoption in restaurants to simplify customer engagement operations and optimize sales tasks is favoring the market growth. Moreover, various technological advancements, such as the integration of advanced machine learning (ML) and artificial intelligence (AI) technology, with cloud POS systems to monitor customer behavior, accurately track inventory and analyze sales data, are providing a thrust to the market growth. In line with this, the widespread adoption of cloud POS systems in movie theatres, casinos and sports arenas is positively impacting the market growth. Other factors, including the increasing preference for digital payment solutions among the consumers, along with significant growth in the e-commerce industry, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global cloud POS market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, type, organization size and application.
Breakup by Component:
Breakup by Type:
Breakup by Organization Size:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Type, Organization Size, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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