Cloud Point of Sale (POS) Market Expansion Continues, with Forecast Valuation of $20.43 Billion by 2029

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Cloud Point of Sale (POS) Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Recent years have seen a significant surge in the size of the cloud point of sale (pos) market. It is projected to expand from $6.9 billion in 2024 to $8.34 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 20.8%. This considerable growth in the historical period can be credited to a shift towards cloud computing, mobile commerce, and omnichannel retailing, along with cost-effectiveness, scalability, speed of deployment and updates, and compatibility with other cloud services.

Cloud Point of Sale (POS) Market Size Forecast: What's the Projected Valuation by 2029?
Expectations are high for massive expansion in the cloud point of sale (pos) market in the forthcoming years. The market size is projected to reach a staggering $20.43 billion by 2029, nurtured by a compound annual growth rate (CAGR) of 25.1%. The factors contributing to this anticipated growth within the forecast duration include heightened attention to data protection and confidentiality, a surge in mobile and tap-based transactions, business growth's adaptability and scalability, harmonizing with e-commerce platforms, and worldwide business proliferation. Noteworthy updates anticipated within the forecast period spans real-time analytics and reporting, customization and configurability capabilities, customer engagement enhancements, thrust on sustainability measures, and the adoption of edge computing for in-store processing.

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What Are the Drivers Transforming the Cloud Point of Sale (POS) Market?
The continual rise in digital transactions is fueling the expansion of the cloud point-of-sale market. Digital payments entail transactions done through bank transfers, mobile money, and different types of payment cards such as debit, credit, and prepaid cards. The waning use of physical cash, the increased creation of easy-to-use payment interfaces, and government endorsement for clear payment gateways have amplified the use of digital payments worldwide. The escalating acceptance of digital payments is anticipated to elevate the use of cloud point of sale since it serves as a core component to process the payment through the internet. As stated in the Reserve Bank of India's (RBI) recent annual report for FY 2023-24, digital transactions in India have been steadily rising. Almost 80% of all digital transactions nationally were carried out through the Unified Payments Interface (UPI), with its percentage of total digital transactions expanding from 73.4% in FY 2022-23 to 79.7% in FY 2023-24. Consequently, this surge in digital transactions is predicted to stimulate the demand for the cloud point of sale (POS) market in the upcoming forecasted period.

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What Long-Term Trends Will Define the Future of the Cloud Point of Sale (POS) Market?
The expansion of technology is a notable trend emerging in the cloud-based point of sale market. The evolution of breakthrough technologies such as AI, IoT, cloud computing, and big data has significantly impacted the cloud POS market in recent times. Companies in this sector are putting more emphasis on the creation of technologically sophisticated systems that offer better operational effectiveness and cost savings. For instance, in August 2022, Toast, Inc., a company from Boston specializing in cloud-based restaurant management software, unveiled fresh updates for its Toast POS System. This inclusive platform is aimed at improving restaurant processes, consisting of capabilities for digital ordering, patron management, kitchen display systems, and payment transactions.

Which Segments in the Cloud Point of Sale (POS) Market Offer the Most Profit Potential?
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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Which Firms Dominate the Cloud Point of Sale (POS) Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential 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

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