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

Please note that the assessment period of report has been updated from 2019-2024 to 2020-2027. Cordially fill the sample form for updated data.


Market Synopsis


Digital transformation has made a significant impact on the commercial sector, particularly in retail and e-commerce. Additionally, digital transactions, especially through card payments, are increasing rapidly across verticals. The organizations are investing heavily for maintaining the traditional systems for a seamless transaction process. This eventually increases the capital and operational expenditures. However, advancements in cloud computing technology have reduced  the need for legacy systems that includes on-site servers, hardware, and high licensing and subscription fees. Therefore, the cloud-based point of sale (POS) offers greater flexibility in maintaining central remote servers to maintain data and applications.


Cloud POS are web-based POS systems where the transactional information are transmitted through remote cloud services. The end users of the cloud POS avail this solution through subscription-basis instead of paying for the software.


The cloud-based POS systems can be easily installed on mobile devices and data can be accessed at any time from any Internet-connected computer or mobile device.  It operates on client-side hardware, and with the help of a remote server the information can be processed  and integrated with multiple sales channels.


An increase in adoption of efficient management of POS terminals across multiple locations, growing demand for e-commerce transactions in the retail and consumer goods sectors are some of the major factors that are expected to drive the growth lof the cloud POS market during the forecast period. However, the lack of infrastructure, and high dependence on legacy systems are likely to hinder the growth of the cloud POS market during the assessment period.


The global cloud POS market valued USD 1,046.0 million in 2017 and is expected to register a CAGR of 21.4% during the forecast period to reach USD 4,226.3 million by 2024.
Cloud POS Market


Source: Industry Experts, Company Websites, Press release, and MRFR Analysis


Segmentation


The global cloud POS market has been segmented based on component, organization size, and end user.


By component, the global cloud POS market has been divided into solutions and services. The services segment has been subdivided into implementing and integration services, consulting services, and support and training services.


Based on organization size, the global cloud POS market has been categorized as small and medium-sized enterprises (SMEs) and large enterprises.


On the basis of end user, the global cloud POS market has been divided into transport and logistics, healthcare, retail and e-commerce, travel and hospitality, and others.


Regional Analysis


Geographically, the global cloud POS market has been categorized into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.


North America led the cloud POS market in 2018 followed by Europe, Asia-Pacific and the Middle East and Africa. The market growth is attributed to the offering of software as a service (SaaS)-based POS solution developed by the vendors such as PAR Technology Corporation, TouchSuite, and Square Inc. The US is the leading country in the North American market owing to robust cloud infrastructure. Also, the vendors that operate in the US are significantly adopting partnership programs with the IT giants to deliver high-end cloud POS solutions to the end users.


Asia-Pacific is expected to be the fastest growing regional market in the cloud POS market during the assessment period. Rising e-commerce sector such as Alibaba, Flipkart, and Snapdeal and increase in digital transactions via card payments are likely to drive the cloud POS market during the forecast period.


Key Players


Some of the key players in the global cloud POS market include Square Inc(US) , Celerant Technology (US), TouchSuite (US), Clover (US), Revel systems (US), ERPLY (US), Cegid (France), PAR Technology (US), Shopify (Canada), UTC RETAIL (US), ShopKeep (US), B2B Soft  (US), Intuit Inc (US), Lightspeed (Canada), Oracle Corporation (US), SalonTarget (US), RetailOps (US), Omnico Group (UK), Diaspark (US), Teamwork Retail (US), Jesta I.S. (Retail Process Engineering, LLC ) (Canada), One Step Retail Solutions (US), and Phorest (Ireland).


Competitive Analysis


The vendors operating in the cloud POS are majorly from the US and Europe. The market players are adopting a partnership program with IT giants such as IBM Corporation, HP Inc., and Lenovo to expand its cloud POS solution that can be compatible with various operating platforms such as mobile, tablets, and desktop. The vendors operating in the market are operating in the different regions through partnerships, value-added resellers, and  system integrators to enter the untapped markets in Asia-Pacific.


Intended Audience



  • Cloud POS solutions providers

  • Systems integrators

  • Cloud services providers

  • Government organizations

  • Retail Vendors

  • Local/Government Agencies

  • Cloud Service Providers

  • IT Providers

  • Value-added Resellers

  • Cloud Infrastructure Agencies

  • Research Firms

  • Software Vendors



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