Cloud Point of Sale (POS) Market Research Report — Global Forecast till 2027

Global Cloud Point of Sale (POS) Market Research Report: by Component [Solutions, Services (Implementing and Integration Services, Consulting Services, Support and Training Services], by Organization Size (SMEs, Large Enterprises), by End user (Healthcare) and by Region —Forecast till 2027

ID: MRFR/ICT/6240-HCR | February 2021 | Region: Global | 100 pages

Cloud Point of Sale Market Overview


In the year 2017, the Cloud Point of Sale (POS) Market was valued at USD 1046 Million. According to MRFR analysis, the market is projected to grow at a CAGR of 24.5% during the forecast period. It is estimated that the market value will further touch up to USD 6 Billion by the year 2028. Digital technology has helped to enhance the commercial sector across the world. It helps e-commerce and retail businesses to provide better services to their customers. But, the rising cases of cyber-attacks and data theft will hamper the market growth. Also, the rising need for maintaining safety is increasing the use of cashless payments.


Its compatibility with smartphones and other wireless devices will promote the Cloud Point of Sale (POS) Market. Factors such as the rising demand for better optimization of business and the growing adoption of new technologies are driving the market. The Point of Sale is a system that is used to track the orders of customers. It is flexible and with easy controls and retention policies. Various cloud POS market players are now offering their best solutions to restaurants to increase their profits.


COVID-19 Analysis


The POS systems are largely built in China, but due to the outbreak of the COVID-19 disease, the market was largely affected. Along with that, the shortage of swipe machines among the retail stores is also a major factor for the slow growth. It is further evaluated that the coronavirus disease will also affect the shopping behaviour of people. As a result, the increase in contactless payment can open various opportunities for people to enhance transaction speeds, secure payments, etc.


Market Dynamics


Market Drivers


The rising use of digital platforms is considered among the crucial driving factors of the Cloud Point of Sale Market. As a result, the rise in the use of digital platforms for payments and money transfer is increasing at a rapid speed. Also, the cloud point of sales improves flexibility and mobility with help for safe and fast transactions.


Restraints


As the use of digital technology is rising, the cases of several cyber-attacks and frauds are also increasing. When transferring to the on-cloud systems, the enterprises are still concerned about control and ownership. Also, the lack of advanced infrastructure and reliance on legacy systems will slow down the Cloud Point of Sale Market Growth.


Opportunities


The on-cloud POS systems can be integrated with mobile devices which has an internet connection. It helps the user to keep track of productivity reports, inventory management, on a real-time basis. Along with that, it also provides important data analytics that allows the companies to track the behavior of consumers and enhance their services. It will also help them with the management of sales, payment, through a single system.


Challenges


One significant challenge for the Cloud Point of Sale (POS) Industry is the huge lack of awareness. Also, the absence of standardization can make it difficult for enterprises to develop the market. Especially in the developing countries, people still don't have much knowledge of the wireless payment. Thus, it will be challenging for the market to overcome this problem in the upcoming years.


Cumulative Analysis


According to the Cloud Point of Sale (POS) Market Forecast by MRFR analysis, the market will record exponential growth during the forecast period 2021-2028.  It is estimated that the Compound Annual Growth Rate (CAGR) will be 24.5%. The market value will also touch up to USD 6 Billion by the end of the forecast period.


Value Chain Analysis


It is estimated that the retail sector will hold the largest growth in the upcoming period. The Software as a Service (SaaS) provides cost-effective tools for the management of both large and small enterprises. Even the restaurants are also largely adopting POS solutions to improve the management of sales and operations. Thus, the value chain will further improve the Cloud Point of Sale (POS) Market Sales.


Market Segmentations


Cloud Point of Sale Market Segments are divided into end-user, component, and organization size. On the basis of end-user, the cloud point of sale market is further segmented into E-Commerce and Retail, Logistics and Transport, Hospitality and Travel, Healthcare and Others.


On the basis of components, the cloud point of sale market is segmented into services and solutions. The services segment is further classified into Training and Support Services, Integration and Implementing Services, and Consulting Services.


On the basis of organization size, the cloud point of sale market is bifurcated into Medium and Small Enterprises and Large Enterprises.


Regional Analysis


The Cloud Point of Sale (POS) Market Size on the basis of geography is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America will dominate the market in the forthcoming years. It is because it offers one of the best cloud infrastructures for the industry. Also, the presence of eminent key players is fuelling the overall growth.


However, the Asia-pacific region will grow at the fastest CAGR during the forecast period. The growing e-commerce sectors and companies such as Flipkart, Amazon, Alibaba, etc. are escalating the cloud point of sale market growth. Additionally, they also promote cashless payment through card and digital transactions.


Competitive Landscape


There are several players in the market using several strategies t improve their brand portfolio. By various tactics such as product launches, market analysis, partnerships, acquisitions, collaborations, they can enhance their services. Some of the top Cloud Point of Sale (POS) Market Top Players are as follows-



  • PAR Technology

  • Diaspark (US)

  • Salon Target (US)

  • ERPLY (US)

  • Cegid (France)

  • Celerant Technology (US)

  • Clover (US)

  • Process Engineering (US)

  • Omnico Group (UK)

  • One Step Retail Solutions (US)

  • Square Inc. (US)

  • Lightspeed (Canada)

  • RetailOps (US)

  • Intuit Inc. (US)

  • UTC Retail (US)

  • Teamwork Retail (US)

  • Jesta I.S. (Retail processing LLC) (Canada)

  • Shopify (Canada)

  • B2B Soft (US)

  • TouchSuite (US)

  • One Step Retail Solutions (US)

  • Clover (US)

  • Oracle Corporation (US)

  • Phorest (Ireland)

  • ShopKeep (US)

  • Revel Systems (US)


Recent Developments



  • Square Inc. in the year 2019 announced the update of the chip card to enable fast processing of cashless and card payments.

  • In the year 2018, ShopKeep partnered with Gravity Payments which is a company for the processing of credit cards. This partnership was aimed to offer transparent services with the POS systems.

  • During 2018, Shopify launched its new application called “Shopify App Store.” The app is a collection of premium apps free apps to enhance the online stores of merchants.


Report Overview


The report overview of the Cloud Point of Sale (POS) Market Analysis is as follows-



  • Market Overview

  • COVID-19 Analysis

  • Dynamics of the Market

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Analysis

  • Recent Development


Report Score and Segmentation



  • Study Period- 2021-2028

  • Base Year-2021

  • Forecast Period- 2021-2028

  • Historical Period-2019-2020


The score of the Cloud Point of Sale (POS) Market Research Report is to highlight the growth and strength of the market. It also gives information about the opportunities, challenges, etc. Also, the information in this report is collected from primary and secondary sources.  This report also gives information on the contribution of the key players.


Segmentation



  • By End-User

  • E-Commerce and Retail

  • Logistics and Transport

  • Hospitality and Travel

  • Healthcare

  • Others


 



  • By Component

  • Services

  • Training and Support Services

  • Integration and Implementing Services

  • Consulting Services

  • Solutions


 



  • By Organisation Size

  • Medium and Small Enterprises

  • Large Enterprises


 



  • By Region

  • Europe

  • North America

  • Asia-Pacific

  • Rest of the World



Frequently Asked Questions (FAQ) :


The cloud point of sale market is expected to reach a signficant market value of USD 4.2 billion by 2023.

The global cloud point of sale market is maturing at a whopping 21.4% CAGR over the review period of 2017 to 2023.

A few signi ficant players of the global cloud point of sale market are Square Inc(US) , Celerant Technology (US), TouchSuite (US), Clover (US), Revel systems (US), among others.

The solution segment is expected to drive market growth over the review period.

The retail and e-commerce segment is likely to witness the highest demand in the cloud point of sale market.

The SME segment is slated to witness higher growth over the assessment period.

TABLE OF CONTENTS

1 Executive Summary

1.1 Market Attractiveness Analysis

1.1.1 Global Cloud POS Market, by Component

1.1.2 Global Cloud POS Market, by Organization Size

1.1.3 Global Cloud POS Market, by End user

1.1.4 Cloud POS Market, by Region

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.3 Market Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

3.6 List of Assumptions

4 Market Insights

5 Industry Overview of the Global Cloud POS Market

5.1 Introduction

5.2 Drivers

5.2.1 Drivers: Impact Analysis

5.3 Restraints

5.2.2 Restraints: Impact Analysis

5.4 Opportunities

6 Market Factor Analysis

6.1 Porter’s Five Forces Analysis

6.1.1 Threat of New Entrants

6.1.2 Bargaining Power of Suppliers

6.1.3 Bargaining Power of Buyers

6.1.4 Threat of Substitutes

6.1.4 Intensity of Rivalry

6.2 Value Chain/Supply Chain of the Global Cloud POS Market

7. Global Cloud POS Market, by Component

7.1 Introduction

7.2 Services

7.2.1 Implementing and Integration Services

7.2.1.1 Market Estimates & Forecast, 2020–2027

7.2.1.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.2 Consulting Services

7.2.2.1 Market Estimates & Forecast, 2020–2027

7.2.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.2.3 Support and Training Services

7.2.3.1 Market Estimates & Forecast, 2020–2027

7.2.3.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Solution

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast, by Region, 2020–2027

8. Global Cloud POS Market, by Organization Size

8.1 Introduction

8.2 Large Enterprises

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Small and Medium-Sized Enterprises

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

9. Global Cloud POS Market, by End user

9.1 Introduction

9.2 Retail and E-Commerce

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Region, 2020–2027

9.3 Healthcare

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Region, 2020–2027

9.4 Transport and Logistics

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Region, 2020–2027

9.5 Travel and Hospitality

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Region, 2020–2027

9.6 Others

9.6.1 Market Estimates & Forecast, 2020–2027

9.6.2 Market Estimates & Forecast, by Region, 2020–2027

10. Global Cloud POS Market, by Region

10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020–2027

10.2.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.3 Market Estimates & Forecast, by End user, 2020–2027

10.2.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.2.5 US

10.2.5.1 Market Estimates & Forecast, 2020–2027

10.2.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.5.3 Market Estimates & Forecast, by End user, 2020–2027

10.2.5.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.2.6 Canada

10.2.6.1 Market Estimates & Forecast, 2020–2027

10.2.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.6.3 Market Estimates & Forecast, by End user, 2020–2027

10.2.6.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.2.7 Mexico

10.2.7.1 Market Estimates & Forecast, 2020–2027

10.2.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.7.3 Market Estimates & Forecast, by End user, 2020–2027

10.2.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020–2027

10.3.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.3 Market Estimates & Forecast, by End user, 2020–2027

10.3.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020–2027

10.3.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.5.3 Market Estimates & Forecast, by End user, 2020–2027

10.3.5.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.3.6 France

10.3.6.1 Market Estimates & Forecast, 2020–2027

10.3.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.2.6.3 Market Estimates & Forecast, by End user, 2020–2027

10.2.6.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.3.7 UK

10.3.7.1 Market Estimates & Forecast, 2020–2027

10.3.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.7.3 Market Estimates & Forecast, by End user, 2020–2027

10.3.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.3.8 Rest of Europe

10.3.8.1 Market Estimates & Forecast, 2020–2027

10.3.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.3.8.3 Market Estimates & Forecast, by End user, 2020–2027

10.3.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.4 Asia-Pacific

10.4.1 Market Estimates & Forecast, 2020–2027

10.4.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.3 Market Estimates & Forecast, by End user, 2020–2027

10.4.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020–2027

10.4.5.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.5.3 Market Estimates & Forecast, by End user, 2020–2027

10.4.5.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020–2027

10.4.6.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.6.3 Market Estimates & Forecast, by End user, 2020–2027

10.4.6.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020–2027

10.4.7.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.7.3 Market Estimates & Forecast, by End user, 2020–2027

10.4.7.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.4.8 Rest of Asia-Pacific

10.4.8.1 Market Estimates & Forecast, 2020–2027

10.4.8.2 Market Estimates & Forecast, by Component, 2020–2027

10.4.8.3 Market Estimates & Forecast, by End user, 2020–2027

10.4.8.4 Market Estimates & Forecast, by Organization Size, 2020–2027

10.5 Middle East & Africa

10.5.1 Market Estimates & Forecast, by Component, 2020–2027

10.5.2 Market Estimates & Forecast, by End user, 2020–2027

10.5.3 Market Estimates & Forecast, by Organization Size, 2020–2027

10.6 South America

10.6.1 Market Estimates & Forecast, by Component, 2020–2027

10.6.2 Market Estimates & Forecast, by End user, 2020–2027

10.6.3 Market Estimates & Forecast, by Organization Size, 2020–2027

11. Company Landscape

11.1 Competitive Overview

11.2 Competitor Dashboard

11.3 Major Growth Strategies in the Global Cloud POS Market

11.4 Competitive Benchmarking

11.5 Market Share Analysis

11.6 XXXX: The leading player in terms of number of developments in the Global Cloud POS Market

11.7 Key Developments & Growth Strategies

11.7.1 Product Launches/Service Deployment

11.7.2 Mergers & Acquisitions

11.7.3 Joint Ventures

11.7.4 Business Expansion

12. Company Profiles

12.1 Square Inc.

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Oracle Corporation

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Celerant Technology

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 TouchSuite.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Clover

12.5.1 Company Overview

12.5.2 Product/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 Revel systems

12.6.1 Company Overview

12.6.2 Product/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 ERPLY.

12.7.1 Company Overview

12.7.2 Product/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Cegid

12.8.1 Company Overview

12.8.2 Product/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 PAR Technology

12.9.1 Company Overview

12.9.2 Product/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Shopify

12.10.1 Company Overview

12.10.2 Product/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 UTC RETAIL

12.11.1 Company Overview

12.11.2 Product/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.12 Shop Keep

12.12.1 Company Overview

12.12.2 Product/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.13 B2B Soft

12.13.1 Company Overview

12.13.2 Product/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.14 B2B Soft

12.14.1 Company Overview

12.14.2 Product/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.15 Intuit

12.15.1 Company Overview

12.15.2 Product/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

12.16 SalonTarget

12.16.1 Company Overview

12.16.2 Product/Business Segment Overview

12.16.3 Financial Updates

12.16.4 Key Developments

12.17 RetailOps

12.17.1 Company Overview

12.17.2 Product/Business Segment Overview

12.17.3 Financial Updates

12.17.4 Key Developments

12.18 Omnico Group

12.18.1 Company Overview

12.18.2 Product/Business Segment Overview

12.18.3 Financial Updates

12.18.4 Key Developments

12.19 Diaspark

12.19.1 Company Overview

12.19.2 Product/Business Segment Overview

12.19.3 Financial Updates

12.19.4 Key Developments


LIST OF TABLES

Table 1 Global Cloud POS Market, by Region, 2020–2027

Table 2 North America: Cloud POS Market, by Country, 2020–2027

Table 3 Europe: Cloud POS Market, by Country, 2020–2027

Table 4 Asia-Pacific: Cloud POS Market, by Country, 2020–2027

Table 5 Middle East & Africa: Cloud POS Market, by Country, 2020–2027

Table 6 South America: Cloud POS Market, by Country, 2020–2027

Table 7 Global Cloud POS Component Market, by Region, 2020–2027

Table 8 North America: Cloud POS Component Market, by Country, 2020–2027

Table 9 Europe: Cloud POS Component Market, by Country, 2020–2027

Table10 Asia-Pacific: Cloud POS Component Market, by Country, 2020–2027

Table11 Middle East & Africa: Cloud POS Component Market, by Country, 2020–2027

Table12 South America: Cloud POS Component Market, by Country, 2020–2027

Table13 Global Cloud POS End-User Market, by Region, 2020–2027

Table14 North America: Cloud POS End-User Market, by Country, 2020–2027

Table15 Europe: Cloud POS End-User Market, by Country, 2020–2027

Table16 Asia-Pacific: Cloud POS End-User Market, by Country, 2020–2027

Table17 Middle East & Africa: Cloud POS End-User Market, by Country, 2020–2027

Table18 South America: Cloud POS End-User Market, by Country, 2020–2027

Table19 Global Cloud POS Organization Size Market, by Region, 2020–2027

Table20 North America: Cloud POS Organization Size Market, by Country, 2020–2027

Table21 Europe: Cloud POS Organization Size Market, by Country, 2020–2027

Table22 Asia-Pacific: Cloud POS Organization Size Market, by Country, 2020–2027

Table23 Middle East & Africa: Cloud POS Organization Size Market, by Country, 2020–2027

Table24 South America: Cloud POS Organization Size Market, by Country, 2020–2027

Table25 Global Cloud POS End-User Market, by Region, 2020–2027

Table 26 North America: Cloud POS End-User Market, by Country, 2020–2027

Table27 Europe: Cloud POS End-User Market, by Country, 2020–2027

Table28 Asia-Pacific: Cloud POS End-User Market, by Country, 2020–2027

Table29 Middle East & Africa: Cloud POS End-User Market, by Country, 2020–2027

Table30 South America: Cloud POS End-User Market, by Country, 2020–2027

LIST OF FIGURES

FIGURE 1 Global Cloud POS Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of the Global Cloud POS Market

FIGURE 4 Value Chain of the Global Cloud POS Market

FIGURE 5 Share of the Global Cloud POS Market, by Country, 2020 (in %)

FIGURE 6 Global Cloud POS Market, 2020–2027

FIGURE 7 Sub-Segments of Type

FIGURE 8 Global Cloud POS Market Size, by Component, 2017

FIGURE 9 Share of the Global Cloud POS Market, by Component, 2020–2027

FIGURE 10 Global Cloud POS Market Size, by End user, 2017

FIGURE 11 Share of the Global Cloud POS Market, by End user, 2020–2027

FIGURE 12 Global Cloud POS Market Size, by Industry Vertical, 2020–2027

FIGURE 13 Share of the Global Cloud POS Market, by Industry Vertical, 2020–2027