Cloud Point of Sale (POS) Market, Demographical MRFR Industry Research Gross Margins, Top Key Players with Strategies and Forecast till 2030
Market Scenario:
Market Research Future (MRFR) estimates the global Cloud Point Of Sale (POS) Market size
to reach USD 6 Billion at a CAGR of 22.50% from 2020 to 2027 (forecast period).
Increasing Use of Digital Platforms
Digital technology has aided in the advancement of
the commercial sector all over the world. It enables e-commerce and retail
enterprises to give better customer service. However, the increasing number of
cyber-attacks and data theft will stymie industry expansion. Furthermore, the
growing requirement for security is driving an increase in the adoption of
cashless payments. Its connectivity with smartphones and other wireless devices
will drive the Cloud Point of Sale (POS) Market forward.
The increasing use of digital platforms is regarded
as one of the key driving factors of the Cloud Point of Sale Market. As a
result, the use of digital platforms for payments and money transfers is
rapidly rising. Furthermore, the cloud point of sale promotes flexibility and
mobility by facilitating safe and quick transactions.
The Global Market to Recover Post COVID-19 Pandemic
The majority of POS systems are manufactured in
China; however, the market has been severely impacted by the spread of the
COVID-19 disease. In addition, a lack of swipe devices in retail outlets is a
big contributor to the slow growth. It is also predicted that the coronavirus
sickness will have an impact on people's buying habits. As a result, a surge in
contactless payment may provide individuals with new chances to improve
transaction speeds, secure payments, and so on.
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Competitive
Outlook:
PAR Technology, Diaspark (US), Clover
(US), Salon Target (US), ERPLY (US), Cegid (France), Celerant
Technology (US), Process Engineering (US), Omnico Group
(UK), RetailOps (US), One Step Retail Solutions (US), Square
Inc. (US), Lightspeed (Canada), Intuit Inc. (US), UTC Retail
(US), Teamwork Retail (US), B2B Soft (US), Jesta I.S. (Retail
processing LLC) (Canada), Shopify (Canada), TouchSuite (US), Phorest
(Ireland), One Step Retail Solutions (US), Clover (US), Oracle
Corporation (US), ShopKeep (US), Revel Systems (US)
Segmentation:
The global cloud point of sale market has been
divided into end-user, component, and organization size.
On the basis of end-user, the worldwide cloud point
of sale market has been segmented into Healthcare, E-Commerce and Retail,
Logistics and Transport, Hospitality and Travel, and Others.
On the basis of components, the worldwide cloud
point of sale market has been segmented into services and solutions. The
services segment has been classified into Training and Support Services,
Integration and Implementing Services, and Consulting Services.
On the basis of organization size, the global cloud
point of sale market has been split into Medium and Small Enterprises and Large
Enterprises.
Regional
Analysis:
North America to Dominate the Global Market
North America will continue to dominate the market
in the future years. It is because it provides one of the industry's greatest
cloud infrastructures. Furthermore, the existence of prominent essential
players is fueling general growth.
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Table of Contents:
1 Executive
Summary
2 Scope of the
Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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