Future Growth of Cloud POS (Point of Sale) Market by New Business Developments, Innovations, and Top Companies - Forecast To 2026

The Global Cloud POS (Point Of Sale) Market is expected to reach USD 5.76 Billion by 2026, according to a new report by Reports and Data. Cloud POS solution integrates several sales channels along with providing improved security, thereby enabling end-users to reap the benefits of centralized storage, memory, processing, and bandwidth.

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Cloud computing provides end-users convenient and global access to a shared pool of computing resources comprising of networked servers, storage, and software applications that are constituted based on demands, fast provisioned to communicate with need, and made available on a pay-per-use basis. Cloud POS allows small & medium-sized enterprises to implement information technology at an affordable cost without requiring colossal investments. Also, Point of Sales (POS), based on cloud computing, provides small & medium-sized enterprises substitute technology to spur their business growth.

In market segmentation by manufacturers, the report covers the following companies:- Square Inc., Cegid, UTC Retail, Shopify, Intuit, Oracle Corporation, RetailOps, B2B Soft, Celerant Technology, and Touchsuite, among others.

Enhanced customer service delivery is one of the most crucial elements of managing a business. Cloud POS enables firms to deliver a great customer experience by providing business owners with the understanding and tools required to deliver the best customer service possible.

A cloud POS system offers enterprises, including retail and restaurant businesses, enhanced security of their critical business information, which is stored and synced electronically and can be restored without any hassle. Further, there is no issue regarding backing up data or losing it on the occasion of a power hardware malfunction or outage. Moreover, cloud-based systems provide benefits of advanced security measures like encryption to protect data from breaches and viruses.

For the purpose of this report, Reports and Data have segmented the global cloud POS (Point of Sale) market on the basis of type, organization size, industry verticals, and region:

Type Outlook (Revenue, USD Million; 2019-2026)
Native Cloud POS
Hosted Cloud POS

Organization Size Outlook (Revenue, USD Million; 2019-2026)
Small & Medium Sized Enterprises
Large Enterprises

Industry Verticals Outlook (Revenue, USD Million; 2019-2026)
Retail & Consumer Goods
Travel & Hospitality
Media & Entertainment
Logistics & Transportation
Healthcare
Others

Regional Outlook (Revenue, USD Million; 2019-2026)
North America
Europe
Asia Pacific
Latin America
MEA

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Further key findings from the report suggest

By type, native cloud POS is expected to grow at a faster rate in the forecast period. A native Cloud POS is intended to take advantage of new models such as Multi-tenancy, rapid elasticity, and expose standard and open APIs.

By organization size, large enterprises contributed to a larger market share in 2018 and are projected to witness a growth rate of 20.2% in the forecast period. Cloud-based POS systems considerably diminish human error and provide better inventory management through automation. Also, inventory and sales data are synced and stored as payments are made, permitting real-time inventory control.

By industry verticals, retail and consumer goods held the largest market share in 2018 and are expected to grow at a rate of 20.1% in the forecast period. Cloud POS enables retailers to stay competitive in the global market as well as offering solutions to eliminate the issues pertaining to software installation, monitoring, patching, and upgrading.

The travel and hospitality sector in Europe is likely to witness a growth rate of 20.4% in the forecast period.

The market in the Asia Pacific region dominated the market in 2018 and is likely to have a growth rate of 21.6% in the forecast period. The market dominance of the APAC region is owing to the high deployment of restaurant POS solutions to increase the growth of e-commerce and the implementation of these devices for food delivery applications, among others.

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Critical queries addressed in the report are:

What is the estimated market growth rate for the global Cloud Pos Point Of Sale Marketin the forecast duration?

What are the promising opportunities and drivers operating in the global Cloud Pos Point Of Sale market?

Who are the key manufacturers/OEMs, both established and new, in the global Cloud Pos Point Of Sale market?

What are the major risks, hurdles, and challenges that companies engaged in the global Cloud Pos Point Of Sale industry might encounter in the forecast years?

Who are the leading vendors, distributors, and suppliers in the global Cloud Pos Point Of Sale market, and what percentage of the global market do they control?

How much are the sales, revenue and volume of top manufacturers in the global Cloud Pos Point Of Sale Marketexpected to increase in the forecast duration?

In conclusion, the Cloud Pos Point Of Sale Marketreport is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.

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