Cloud POS Market Evolving Technology, Trends And Industry Analysis & Forecast To 2027

Latest market study on "Cloud POS Market to 2027 by Component; Organizational Type; End-user- Global Analysis and Forecast", the Cloud POS market is estimated at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 - 2027, and reach US$ 27.82 Bn by 2027. The report includes key understanding on the driving factors of this growth and also highlights the prominent players in the market and their developments.

The Key Players in The Global Market Are: 

Square, Inc.
Intuit, Inc.
Oracle Corporation
Shopify, Inc.
Toast, Inc.
Vend Limited
AccuPOS, Inc.
Clover Network, Inc.
LightSpeed POS Inc.
Loyverse POS

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Currently, many of the sectors are opting for cloud POS solutions to enhance their services. It helps companies to adopt a proactive approach in order to respond appropriately and cost-effectively to the operations without causing any delay. The enterprises are considering cloud POS solutions for managing various activities such as inventory management, real-time data analysis, multi-store management, analytics, and others. On the basis of organization type, global cloud POS market is segmented to small & medium enterprises and large enterprises.

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Cloud POS vendors are offering customized solutions for small and medium enterprises. Cloud POS is witnessing more demand from retail and restaurant segment. SMEs faces challenges such as poor visibility, opportunity loss, manageability issues, delayed information, time wastage, and prolonged checkout. Vendors offer customized cloud POS for SMEs with features to address the above-mentioned challenges, i.e. bird's eye view, know your customers, track multiple stores, easy scalability, automated inventory management, user-friendly solution, and others.  The cloud POS market for SMEs is expected to witness high growth during the forecast period

The report segments the global Market as follows:

By Component (Solution and Services)
By Organizational Type (Large Enterprise and SMEs)
By End-user (Retail & Consumer Goods, Travel & Hospitality, Media & Entertainment, Transport & Logistics, Healthcare, and Others)

Also, the advantages provided by cloud POS vendors are enough to attract large enterprises to integrate the cloud POS solution into their organizations. Converse to the belief that cloud POS would primarily benefit the small and medium scale enterprises, the recent trend shows that large enterprises have adopted cloud POS at a greater pace as compared to SME's. Integration is essential for cloud POS and large enterprises are aware of the high cost of integrations with the existing systems and maintaining it.

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Asia Pacific holds the dominant share in the cloud POS market. The region comprises of early adopters of large population base and huge number of developing economies. Moreover, the government in this region are taking several initiatives such as to promote digitalization. The growth of cloud POS in this region is driven by high demand for enhanced customer experience and smooth digital payments.

Regional and Country-wise Analysis:

North America (U.S., Canada, Mexico)
Europe (U.K., France, Germany, Spain, Italy, Central & Eastern Europe, CIS)
Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific)
Latin America (Brazil, Rest of Latin America)
The Middle East and Africa (Turkey, GCC, Rest of the Middle East and Africa)

The Insight Partners Cloud POS Market Research Report Scenario includes:

•The report provides qualitative and quantitative trends of global Cloud POS Market across type, type of products, service, and geography.
•The report starts with the key takeaways (Chapter Two), highlighting the key trends and outlook of the global Cloud POS Market.
•Chapter Three provides the research methodology of the study.
•Chapter Four further provides PEST analysis for each region.
•Chapter Five highlights the key industry dynamics in the Cloud POS Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
•Chapter Six discusses the global Cloud POS Market scenario, in terms of historical market revenues, and forecast till the year 2027.
•Chapter Seven to ten discuss Cloud POS Market segments by type, type of application, service, and geography across North America, Europe, Asia-Pacific, Middle East and Africa, South and Central America. They cover market revenue forecast, and factors driving and governing growth.
•Chapter Eleven describes the industry landscape analysis. It provides detailed description of various business activities such as market initiatives, new developments, mergers and joint ventures globally along with a competitive landscape.   

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Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.