Cloud POS Market Growth 2019 - Technological Revolution Fueling Market Growth
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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In the cloud POS market, the retail & e-commerce sector will witness high growth over the coming years. These solutions are allowing retailers to provide an effective payment platform to customers, reducing hassles of carrying cash. The industry is reliant on personal data for driving the sales and providing customers safe & unique purchase experience, necessitating the adoption of software-based point-of-sale solutions among retailers. Moreover, the deployment of these solutions provides enhanced customer service, helping businesses to improve operations between customers and businesses. Such factors are positively impacting the cloud POS industry growth.
The rise in fraudulent activities is forcing several industries to introduce innovative payment solutions with advanced data security. In April 2018, Gemalto NV reported that in 2017 over 2.5 billion records globally were stolen, lost or exposed with an increase of 88% from 2016. To curb the increasing fraudulent activities, several regions are witnessing a rise in the implementation of government regulations for financial transaction and customer data security, forcing industries to adopt secure transaction systems. This has resulted in businesses to implement cloud-based payment solutions to reduce data security breaches by storing the data online, reducing the possibility of physical data breaches.
APAC cloud POS market is growing robustly on account of rapid digitalization and increased use of cashless payments. India’s foodservice sector in particular, continues to grow rapidly on account of rising number of restaurant dining and foreign tourists. Increasing consumer income has made restaurant dining more accessible. International hotel brands have also been expanding their presence in the continent, that has further fostered the regional cloud POS industry size.
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.
Browse key industry insights spread across 220 pages with 307 market data tables & 27 figures & charts from the report, “Cloud POS Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/cloud-pos-market
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.
Major Key Points from Table of Content:
Chapter 5. Cloud POS Market, By Organization Size
5.1. Key trends by organization size
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 Industry, By Application
6.1. Key trends by application
6.2. Retail and e-commerce
6.2.1. Market estimates and forecast, 2015 – 2025
6.3.1. Market estimates and forecast, 2015 – 2025
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
6.7.1. Market estimates and forecast, 2015 – 2025
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/cloud-pos-market
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