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Cloud POS Market 2020 - Upcoming Trends and Emerging Growth Factors to 2025

Author : Ronak Bora | Published Date : 2020-09-07 

Cloud POS Market is expected to exceed USD 6 billion by 2025. The ongoing digitization in retail & e-commerce sectors is compelling businesses to adopt cloud-based payment solutions for enhancing enterprise operations. The retailers are focusing on implementing efficient point-of-sale solutions to increase mobility and flexibility, driving the cloud POS market growth. These solutions are aiding companies in several aspects such as inventory management, monitoring & reporting, and customer data management. Moreover, the benefits associated with cloud technology, such as security and data storage, are forcing end-users to shift toward cloud POS solutions, driving the industry growth.

The Asia Pacific cloud POS market will dominate the global industry owing to the presence of a large number of SMEs and rapid expansion of retail customer base in the region. The adoption of cloud technology is encouraging enterprises to adopt these POS solutions mainly in the retail & logistics segment. Moreover, the development of the e-commerce sector and the ongoing digitization plans by government authorities in countries including India, Japan, and China will accelerate the cloud POS market growth. Technological innovations and rapid urbanization are also encouraging companies to set up advanced transaction systems in the region.

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With cloud POS, restaurant outlets can acknowledge orders directly to these aggregators. Moreover, with growing technological advancements, the APAC cloud POS is poised to register increased demand in the forthcoming years. Indeed, it has been speculated that the Asia Pacific region will observe a commendably high adoption of restaurant POS solutions, on account of the increase in the usage of POS systems for food delivery. As per estimates, APAC cloud POS market size will register a CAGR of 27% over 2019-2025.

The growing demand for flexible and easy transactions in several sectors is accelerating the cloud POS market growth. These solutions allow users to provide real-time information about purchases and online browsing, increasing the overall store sales. The vendors are offering advanced solutions that can be used/integrated with multiple hardware platforms. For instance, in May 2019, Squirrel Systems announced the launch of Squirrel cloud-based POS solution, built on Microsoft Azure and designed to help restaurants of different sizes. With this solution, restaurants can carry out advanced transactions with their clients. Such factors are anticipated to drive the demand for cloud-based solutions in the restaurant industry landscape.

With cloud POS, SMBs can quickly, safely and securely access information using their mobile device. Using tools like data monitoring, inventory tracking, transaction history and more, cloud-based systems can offer enhanced profitability and become an invaluable resource for SMBs.

Notably, cloud POS can be integrated into existing system, increasing security and visibility of restaurant or retail store information. Additionally, it can easily be upgraded, and can track application growth and essential business needs. Product lines, features or stores can also be added to its software. Aided by such profound features, product demand has increased significantly over recent years, expanding cloud POS market size.

Cloud POS market is gaining massive proceeds from the restaurant and hospitality sector. A restaurant cloud POS system is an integral part of daily operations as it helps conduct tasks like billing, ticketing, tax management, invoicing and more. The system aims on delivering superior customer experience and cost control while further growing store revenues and overall profitability.

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The key players operating in the cloud POS market are NCR Corporation, TouchBistro Inc, Upserve, Inc, Clover Network, Inc., Lightspeed POS Inc., Revel Systems, Inc., Toast, Inc., EPOS Now, PAR Technology, Shopify, Square, Inc., Touchsuite, and Vend. These players are competing based on their product portfolios, differentiation, and innovations. The growing demand for these solutions in several sectors is encouraging manufacturers to highly invest in R&D activities and offer diversified solutions, accelerating the industry growth.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology and Scope

1.1.  Definitions & forecast parameters

1.1.1. Definitions

1.1.2. Methodology and forecast parameters

1.2.  Data Sources

1.2.1. Secondary

1.2.2. Primary

Chapter 2.   Executive Summary

2.1.  Cloud POS Market 360° synopsis, 2015 – 2025

2.1.1. Business trends

2.1.2. Component trends

2.1.2.1.       Service trends

2.1.3. Organization size trends

2.1.4. Application trends

2.1.5. Regional trends

Chapter 3.   Cloud POS Market Insights

3.1.  Industry segmentation

3.2.  Industry landscape, 2015 – 2025

3.2.1. Payment industry landscape

3.2.2. POS terminals industry landscape

3.2.2.1.       POS terminals market size, 2015 – 2025

3.2.2.1.1.          North America

3.2.2.1.2.          Europe

3.2.2.1.3.          Asia Pacific

3.2.2.1.4.          Latin America

3.2.2.1.5.          MEA

3.2.3. Internet consumption trends, by region

3.2.3.1.       North America

3.2.3.2.       Europe

3.2.3.3.       Asia Pacific

3.2.3.4.       Latin America

3.2.3.5.       MEA

3.3.  Industry ecosystem analysis

3.3.1. Technology/cloud providers

3.3.2. POS manufacturers and developers

3.3.3. System integrators

3.3.4. VARs

3.3.5. Service providers

3.3.6. Distribution channel analysis

3.3.7. End-use landscape

3.3.8. Vendor matrix

3.4.  Technology & innovation landscape

3.5.  Regulatory landscape

3.5.1. North America

3.5.2. Europe

3.5.3. Asia Pacific

3.5.4. Latin America

3.5.5. MEA

3.6.  Industry impact forces

3.6.1. Growth drivers

3.6.1.1.       Demand for the cloud systems for inventory and stock management

3.6.1.2.       Rise in cashless transactions in several countries

3.6.1.3.       Growing demand for the solutions from small restaurants in the U.S.

3.6.1.4.       Inclination towards online payments in Europe

3.6.1.5.       Growing demand for e-commerce transactions in Europe and Asia Pacific

3.6.1.6.       Rise in food delivery services in China and India

3.6.1.7.       Infrastructure development in Latin America

3.6.1.8.       Flourishing retail industry vertical in the UAE

3.6.2. Industry pitfalls & challenges

3.6.2.1.       Lack of reliable and advanced infrastructure

3.6.2.2.       High security risks

3.7.  Growth potential analysis

3.8.  Porter's analysis

3.8.1. Supplier power

3.8.2. Buyer power

3.8.3. Threat of new entrants

3.8.4. Threat of substitutes

3.8.5. Internal rivalry

3.9.  Competitive landscape, 2018

3.9.1. Strategy dashboard

3.10.      PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cloud-pos-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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