Cloud POS Market Size, Status and Industry Outlook During 2020 to 2025 - Clover Network, EPOS Now, Lightspeed POS, NCR Corporation, PAR Technology, Revel Systems, Shopify, Square, Toast, TouchBistro, Touchsuite

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.

Asia Pacific region is slated to be a rather lucrative growth ground due to the high adoption rate of cloud based enterprise POS solutions. The Asia Pacific cloud POS market size is projected to experience a growth rate of more than 25 percent over 2019-2025. Increasing urbanization and commercialization in Asia Pacific has given a boost to economic development, encouraging businesses to go digital.

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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.
Factors such as unavailability of fast and stable internet access in many regions, high cost of customization, expenses in hardware & software, and risk of service disruptions due to internet outage, would deter cloud point of sale market growth to some extent in the future. Cloud systems need the internet to work consistently because if the network shuts down customers are unable to access their files, which effectually delays or stops production.

Internet access is still very limited in some urban as well as rural areas of Belarus, Burma, China, Cuba, Egypt, Iran, North Korea, Saudi Arabia, Vietnam, Uzbekistan, and several other nations. In Uzbekistan, out of 32 million people, only 9 million individuals are connected to the internet. Reportedly, North Korea has an internet penetration rate of 0.08 percent, one of the lowest in the world. The aforesaid reinforces the fact that internet access is a major roadblock for cloud POS solutions.

The growth trajectory of cloud POS market relies heavily on market majors like Shopify, Toast, Inc., Square, Inc., TouchBistro Inc., Upserve, Inc., Vend, PAR Technology, Clover Network, Inc, EPOS Now, Revel Systems, Inc., Lightspeed POS Inc., and NCR Corporation. The increasing demand for data storage from cloud point of sale enterprises is slated to boost cloud storage market growth.
Market players are adopting growth tactics like acquisitions, mergers, new product introduction, and geographical expansion to enhance their global footprint. For instance, PAR technology has entered into a strategic partnership with Monkey group, to amplify its restaurant POS service offerings by leveraging Monkey’s unmatched expertise in off-premise functionality of the catering industry.

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Glimpse of Table of Content (ToC): -
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. Cloud POS 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. Cloud POS Market estimates and forecast, 2015 – 2025

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