Global Cloud POS Market Expected to Rise at 23.20% CAGR during 2022-2027 | IMARC Group
As per the latest report by IMARC Group, titled “Cloud POS Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on cloud POS market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global cloud POS market reached a value of US$ 2.76 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.23 Billion by 2027, exhibiting at a CAGR of 23.20% during 2022-2027.
A cloud point-of-sale (POS) system aids in the effective management of POS terminals in different locations. Customers benefit from this solution since it increases customer happiness and improves service performance. For many enterprises, it ensures high scalability and increased data security. Cloud POS, as opposed to hardwired POS systems, provides greater flexibility at a lower cost. Hospitality, retail, e-commerce, transportation, logistics, media, and healthcare are just a few of the businesses that use it.
Global Cloud POS Industry Trends and Drivers:
The growing demand for cloud-based payment solutions by small firms is driving the global industry. Furthermore, the market has benefited from a significant increase in the adoption of mobile phones and contactless payment methods.
Besides this, the widespread adoption of advanced solutions by restaurants for facilitating rapid payment transactions is favorably impacting the market growth across the globe.
Other factors, including significant growth in the e-commerce industry and widespread integration of artificial intelligence (AI) technology with cloud POS systems, are anticipated to contribute to the market growth.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being B2B Soft, Cegid Group, Fiserv Inc., Intuit Inc., Lightspeed Commerce Inc., NEC Corporation (AT&T Inc.), Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, Samsung Electronics Co. Ltd., Shopify Inc. and Square Inc.
Global Cloud POS Market 2022-2027 Analysis and Segmentation:
Breakup by Component:
Breakup by Type:
- Fixed Point of Sale
- Mobile Point of Sale
Breakup by Organization Size:
- Small and Medium-sized Enterprises
- Large Enterprises
Breakup by Application:
- Retail and Consumer Goods
- Travel and Hospitality
- Media and Entertainment
- Transport and Logistics
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Table of Contents:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Cloud POS Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
To be continued………………