Global Cloud POS Market was valued US$ 1.75Bn in 2019 and is expected to reach US$ 7.50Bn by 2027, at a CAGR of 23.11 % during a forecast period.

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The report study has analyzed revenue impact of the COVID-19 pandemic on the sales revenue of the market leader, market followers and market disrupters in the report and same is reflected in our analysis.

The Cloud POS system is run operations on cloud. It stores data on remote server and keeps the space on computer.A cloud-based POS system offers superior flexibility for a variety of POS environments with ability to communicate with all locations at once.It also provides the flexibility for real-time information of labor usage percentages, inventory counts, and productivity and helps to update and access theoperation round-the-clock from any remote location instantly.
Global Cloud POS Market, Dynamics:

Advancements in cloud computing technology have reduced the requirement for legacy systems that includes on-site servers, hardware, and high licensing and subscription fees. It offers greater flexibility in central remote servers to maintain data and applications. The cloud based systems are forming their seamless connectivity across various devices and hassle-free usability. The constantly evolving cloud technology and number of devices being connected to the internet are offering suitable platform for the cloud POS users.

On the other hand, the cyber-attacks are growing exponentially that is expected to limit the global cloud POS market growth.Many organizations are doubtful about the overall competence of cloud-based offerings concerning security challenge. In addition, lack of global standardization of the systems,and low consumer awareness about the cloud POS benefits and are hampering the market growth.
Global Cloud POS Market, Segment Analysis:

The adoption of the software tools is increasing among several business operations to managesales, inventory, and customer profiles. The businesses are transforming their conventional accounting and data recording techniques to advanced software-based technologies.It enables enterprises to increase their service offerings and order management with the help of overview of the customer information, order, and delivery details.

Some of the prominent key players operating in the market are engaged in developing software solutions that empower businesses to manage their front-end and back-end business operations. For instance, eHopper has developed a cloud point-of-sale solution,mainly for small businesses that is used for an array of application area like order management, inventory, customer management, employee management, and reporting.

Large enterprises are expected to contribute XX% share in the global Cloud POS market. The adoption of solutions in large enterprises is expected to drive the market growth. Large businessesare investing highly to incorporate effective payment solutions, which helps to connect all the business departments and their operations in a single platform. Cloud based solutions are empowering enterprises to access and update the overall collaborated business data such as sales performance, customer statistics, and financial accounts.

Digital transformation has positively impacted on the commercial sector, mainly in retail and e-commerce. The digital transactions through card payments are increasing rapidly across verticals and many organizations are investing heavily to maintain the traditional systems for a seamless transaction process. A good Point of Sale (POS) system is a key tool for retailers to increase sales and keep the track of stock and deliver high-quality customer service. The cloud POS technology has made a variety of processes simpler, and empowering businesses to streamline their payment processing, inventory control and other functions in the retail industry.
Global Cloud POS Market, Regional Analysis:

North American market was valued US$ XXXMn in 2019 and is expected to contribute XX% share in the global cloud POS market during the forecast period. The growth in the market is attributed to the presence of the software as a service (SaaS)-based POS solution key players like PAR Technology Corporation, TouchSuite, and Square Inc.The healthcare industry in U.S. is expected to witness the XX% growth rate because of the rise in demand for POS system to enhance the facilities in hospitals related to payment, insurance, and management of patients.

In 2019, more than 6,148 hospitals had required cost-effective and robust POS software with all insurance payment processing, patient financial servicesto provide complete payment processing. An increase in demand for Cloud POS solution with advanced features among rapidly growing businesses like e-commerce, retail, foodservice industry, and entertainment are expected to drive the regional growth during the forecast period (2020-2027).
Global Cloud POS Market, Competitive Landscape:

Some of the prominent key players like NCR Corporation, Revel Systems, Oracle, Agilysys, Inc. Clover Network, Inc, and Epicor Software Corporation are focusing on the deployment of advanced POS system with more functionalities and features from existing systems. Key players are adopting the inorganic and organic growth strategies to increase their market share. For instance, in 2019, Restaurant Manager LLC developed and launched its new hybrid cloud POS solution named Duet, which is a low-cost suitable option with powerful management with robust operational functionality.

The objective of the report is to present a comprehensive analysis of the Global Cloud POS Marketincluding all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Cloud POS Marketdynamics, structure by analyzing the market segments and projects the Global Cloud POS Marketsize. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Cloud POS Marketmake the report investor’s guide.
Scope of the Global Cloud POS Market: Inquire before buying

Global Cloud POS Market, By Component

• Solution
• Services
? Training, Consulting, and Integration
? Support and Maintenance
Global Cloud POS Market, By Organization Size

• Small & Medium Enterprises
• Large Enterprises
Global Cloud POS Market, By Application

• Retail and Consumer Goods
• Travel and Hospitality
• Media and Entertainment
• Transport and Logistics
• Healthcare
Global Cloud POS Market, By Region

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Cloud POS Market

• Square, Inc.
• Cegid
• UTC Retail
• Clover
• Revel Systems
• Erply
• Omnico Group
• Diaspark
• Teamwork Retail
• Jesta I.S.
• Shopkeep
• PAR Technology
• Shopify
• B2B Soft
• Intuit
• Lightspeed
• Oracle
• Salontarget
• Retailops
• Celerant Technology
• Touchsuite
• Phorest
• One Step Retail Solutions
• Poster POS

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