Digital Payments Revolution Is Driving Growth In The Cloud Point-Of-Sale Market Driver: Leading Transformation in the Cloud Point of Sale (POS) Market in 2025

How Are the key drivers contributing to the expansion of the cloud point of sale (pos) market?
The upward trend in acceptance of digital payments is fuelling the expansion of the cloud point-of-sale market. Digital payments include transactions carried out via bank transfers, mobile money, and assorted payment cards, including debit, credit, and prepaid cards. The diminishing inclination towards cash use, burgeoning enhancements in accessible payment portals, and governmental endorsement of transparent payment channels are contributing to the global rise in digital payment utilization. The progressive adoption of digital payments is anticipated to spur the activity of cloud point of sale, as it forms a pivotal backbone for accepting payments over the internet. Data from the Reserve Bank of India's (RBI) latest annual report for FY 2023-24 reveals a marked growth in digital transactions in India. Approximately 80% of the country's digital transactions were transacted through the Unified Payments Interface (UPI), with UPI's contribution to total digital transactions escalating from 73.4% in FY 2022-23 to 79.7% in FY 2023-24. Consequently, the surge in digital payments is anticipated to augment the need for the cloud point of sale (POS) market during the forecasted timeline.

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What growth opportunities are expected to drive the cloud point of sale (pos) market's CAGR through 2034?
The market size for the cloud point of sale (POS) has seen significant expansion in the last few years. Its growth is projected to surge from $6.9 billion in 2024 up to $8.37 billion in 2025, with a compound annual growth rate (CAGR) sitting at 21.3%. The historical growth of this market is linked to factors such as the transition to cloud computing, the increased use of mobile commerce and omnichannel retailing, cost effectiveness and scalability, as well as fast deployment and updates, alongside integration with other cloud services.

The market size of cloud point of sale (POS) systems is predicted to undergo significant expansion in the coming years. The size of the market will rise to $20.67 billion by 2029, growing at a compound annual growth rate (CAGR) of 25.3%. Drivers for growth during the projected period include a heightened focus on data security and privacy, the rise of mobile payments and contactless transactions, scalability and flexibility needed for business expansion, integration with e-commerce platforms, and the worldwide growth of businesses. Forefront trends in this period comprise real-time analytics and reporting, customization and adjustability, features for customer interaction, sustainability drives, and edge computing for in-store processing.

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What are the emerging trends shaping the future of the cloud point of sale (pos) market?
Rapid advancements in technology are becoming a prominent trend within the cloud point of sale market. Recent years have seen a significant impact on the cloud point of sale (POS) due to the introduction of revolutionary technologies such as AI, IoT, cloud computing, and big data. Companies within the cloud point of sale industry are now putting more emphasis on the creation of systems that are technologically advanced, more efficient operationally and more cost-effective. For example, in August 2022, Toast, Inc., a Boston-based provider of cloud-based restaurant management software, announced new updates to its Toast POS System. This comprehensive platform is crafted to improve restaurant operations, boasting features such as digital ordering, guest management, kitchen display systems, and payment processing.

Which growth-oriented segments of the cloud point of sale (pos) market are leading the industry's development?
The cloud point of sale (POS) market covered in this report is segmented -

1) By Component: Solution, Services
2) By Organization Size: Small and Medium Enterprises, Large Enterprises
3) By Application: Retail & E-Commerce, Restaurant, Hospitality, Transportation & Logistics, Entertainment & Media, Healthcare, Other Applications

Subsegments:
1) By Solution: POS Software, Payment Processing Solutions, Inventory Management Software, Customer Relationship Management (CRM) Tools, Reporting And Analytics Solutions,
2) By Services: Implementation Services, Training And Support Services, Maintenance And Upgrades, Consulting Services

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What regions are leading the charge in the cloud point of sale (pos) market?
North America was the largest region in the cloud point of sale (POS) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud point of sale (POS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What companies are at the forefront of innovation in the cloud point of sale (pos) market?
Major companies operating in the cloud point of sale (POS) market include PAR Technology Corp., Cegid Group, Celerant Technology, Clover network Inc, Square Inc., Toast Inc., Lightspeed POS Inc., Revel Systems Inc., ShopKeep, Vend Limited, TouchBistro Inc., Upserve Inc., NCR Corporation, Heartland Payment Systems LLC, Shopify Inc., Oracle Corporation, Amazon Web Services Inc., Salesforce. com Inc., SAP SE, IBM Corporation, Microsoft Corporation, Google LLC, First Data Corporation, Global Payments Inc., Ingenico Group, Verifone Inc., Adyen N. V., Worldpay Inc., Fiserv Inc., Elavon Inc.

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What Is Covered In The Cloud Point of Sale (POS) Global Market Report?

•Market Size Forecast: Examine the cloud point of sale (pos) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cloud point of sale (pos) market for a structured understanding.
•Key Players Overview: Analyze major players in the cloud point of sale (pos) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cloud point of sale (pos) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cloud point of sale (pos) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cloud point of sale (pos) market.
•Industry Challenges: Identify potential risks and obstacles affecting the cloud point of sale (pos) market.
•Competitive Landscape: Review strategic developments in the cloud point of sale (pos) market, including expansions, agreements, and new product launches.

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