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Cloud POS Market 2020 In-Depth Analysis of Industry Share, Size, Growth Outlook up to 2025

Author : Ronak Bora | Published Date : 2020-08-21 

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.

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.

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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 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 4.   Cloud POS Market, By Component

4.1.  Key trends by component

4.2.  Software

4.2.1. Market estimates and forecast, 2015 – 2025

4.3.  Service

4.3.1. Market estimates and forecast, 2015 – 2025

4.3.2. Maintenance & support

4.3.2.1.       Market estimates and forecast, 2015 – 2025

4.3.3. Consulting & training

4.3.3.1.       Market estimates and forecast, 2015 – 2025

Chapter 5.        Cloud POS Market, By Organization Size

5.1.  Key trends by organization size

5.2.  SMEs

5.2.1. Market estimates and forecast, 2015 – 2025

5.2.2. Market estimates and forecast, by application, 2015 – 2025

5.3.  Large enterprises

5.3.1. Market estimates and forecast, 2015 – 2025

5.3.2. Market estimates and forecast, by application, 2015 – 2025

Chapter 6.        Cloud POS Market, By Application

6.1.  Key trends by application

6.2.  Retail and e-commerce

6.2.1. Market estimates and forecast, 2015 – 2025

6.3.  Restaurants

6.3.1. Market estimates and forecast, 2015 – 2025

6.4.  Hospitality

6.4.1. Market estimates and forecast, 2015 – 2025

6.5.  Transportation & logistics

6.5.1. Market estimates and forecast, 2015 – 2025

6.6.  Entertainment & media

6.6.1. Market estimates and forecast, 2015 – 2025

6.7.  Healthcare

6.7.1. Market estimates and forecast, 2015 – 2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.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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