Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 4.82 Billion

CAGR (2023-2028)

25.58%

Fastest Growing Segment

Retail Segment

Largest Market

North America


Market Overview

Global Cloud Point of Sale (PoS) Market has valued at USD 4.82 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 25.58% through 2028. Cloud point of sale (PoS) is a web-based solution that allows the processing of payments via the internet. This system stores transaction processing data in the cloud. The solution's capability to access it anytime and anywhere through the internet drives its adoption. The increasing prevalence of e-commerce and cashless transactions in the retail and consumer goods industries is a key factor driving the market's growth.

Key Market Drivers

Cost-Effective Solutions

Cost-effective solutions are playing a pivotal role in driving the global Cloud Point of Sale (PoS) market, reshaping the way businesses of all sizes and industries manage their sales and operations. This driver has gained immense significance due to its potential for cost savings and efficiency improvements. One of the primary advantages of cloud based PoS systems is their cost-effectiveness. Unlike traditional on-premises solutions that require substantial upfront investments in hardware, software licenses, and maintenance, cloud PoS operates on a subscription-based model. This shift from capital expenditures (CapEx) to operating expenditures (OpEx) is particularly appealing to businesses, as it reduces initial financial barriers and allows for predictable monthly expenses.

Moreover, cloud PoS eliminates the need for costly on-site infrastructure and IT support. Businesses can avoid expenses related to purchasing and maintaining servers and other hardware components, resulting in substantial savings over time. This cost reduction extends to software updates and maintenance, which are typically managed by the cloud PoS provider, alleviating the burden on the internal IT team. Scalability is another aspect of cost-effectiveness that drives the adoption of cloud PoS systems. Businesses can easily scale their operations up or down as needed, without the need for significant additional investments. This flexibility is invaluable for businesses with fluctuating demands or those looking to expand rapidly, as they can add new users, locations, or features without incurring substantial costs.

The cost-effectiveness of cloud PoS extends to operational efficiency as well. With real-time access to sales data, businesses can optimize inventory management, reduce overstocking or understocking issues, and implement data-driven pricing strategies. These improvements contribute to better resource allocation and, consequently, cost savings. Additionally, the competitive landscape of the cloud PoS market has driven providers to offer competitive pricing and feature-rich packages, making these solutions accessible to a wide range of businesses, from small startups to large enterprises.

In summary, the cost-effective nature of cloud PoS systems is a driving force behind their widespread adoption in the global market. The ability to minimize upfront costs, reduce ongoing operational expenses, and enhance overall efficiency makes cloud PoS an attractive proposition for businesses looking to streamline their operations, improve profitability, and remain competitive in an ever-changing business environment. As businesses continue to seek cost-effective solutions, the global Cloud Point of Sale (PoS) market is expected to thrive and evolve to meet these demands.

Mobility and Flexibility

The global Cloud Point of Sale (PoS) market is poised for significant growth, driven in large part by the crucial factors of mobility and flexibility. These two intertwined elements are revolutionizing the way businesses operate, particularly in the retail and hospitality sectors, and are expected to continue shaping the PoS landscape. Mobility is a key driver that empowers businesses to break free from the confines of traditional fixed checkout counters. Cloud-based PoS systems enable retailers, restaurants, and other businesses to embrace mobile devices such as tablets and smartphones for conducting transactions. This mobility extends the sales process beyond the brick-and-mortar establishment, allowing businesses to cater to customers wherever they are, whether in-store, at an event, or even for delivery services. Such flexibility enhances the overall customer experience, reduces waiting times, and provides the agility necessary to meet modern consumer expectations.

Furthermore, mobility fosters the rise of pop-up stores and mobile businesses, such as food trucks and kiosks, by offering a lightweight and versatile PoS solution. These emerging business models capitalize on the ability to move their operations to different locations quickly and efficiently, adapting to changing market demands. Flexibility is closely intertwined with mobility, as it enables businesses to scale operations up or down in response to changing needs. Cloud PoS systems are inherently flexible, allowing businesses to add new locations, products, or services with ease. This scalability is particularly valuable for businesses with seasonal variations in demand or those undergoing rapid expansion.

Moreover, the flexibility of cloud PoS extends to software customization and updates. Businesses can tailor their PoS systems to meet specific needs, whether it's integrating loyalty programs, managing diverse payment options, or adapting to industry-specific requirements. Updates and feature enhancements are typically seamless in cloud-based systems, ensuring that businesses always have access to the latest functionalities without the hassle of extensive downtime or costly upgrades. As the global business landscape evolves, mobility and flexibility have become essential attributes for staying competitive and meeting customer expectations. Cloud Point of Sale systems offer the ideal platform for businesses to harness these drivers, enabling them to adapt, grow, and thrive in a dynamic and customer-centric environment. Consequently, mobility and flexibility are expected to remain pivotal in driving the continued expansion of the global Cloud Point of Sale (PoS) market.

Real-time Data and Analytics

Real-time data and analytics are poised to be significant drivers propelling the growth of the global Cloud Point of Sale (PoS) market. In an era where data-driven decision-making is crucial for businesses to thrive, the capabilities offered by cloud-based PoS systems in delivering real-time insights are reshaping the retail and hospitality sectors and beyond. One of the foremost advantages of real-time data and analytics in the Cloud PoS context is the ability to access and analyze critical business information instantaneously. This empowers businesses to make informed decisions swiftly, optimizing various aspects of their operations. Retailers, for instance, can track sales performance in real-time, identifying top-selling products and trends, managing inventory effectively, and adjusting pricing strategies on the fly.

Furthermore, real-time analytics in the Cloud PoS environment allow for personalized and dynamic customer experiences. By analyzing purchase history and browsing behavior in real-time, businesses can offer tailored promotions and recommendations, enhancing customer satisfaction and loyalty. This capability is particularly vital in the highly competitive retail and hospitality industries, where understanding and engaging customers can make or break a business. Moreover, the integration of real-time data and analytics with cloud PoS systems facilitates predictive and prescriptive analytics. Businesses can forecast demand, optimize staffing levels, and even prevent fraud by identifying irregularities as they happen. These predictive insights help businesses stay ahead of the curve and minimize risks.

Real-time data also aids in monitoring and enhancing operational efficiency. Businesses can track employee performance, monitor the status of inventory levels, and promptly address any issues or bottlenecks. This not only streamlines day-to-day operations but also contributes to cost savings. Security and compliance are also positively impacted by real-time data analysis. Suspicious activities can be detected in real-time, reducing the risk of security breaches or fraud. Additionally, businesses can ensure regulatory compliance by monitoring transactions and generating reports in real-time. In summary, real-time data and analytics have become a linchpin in the Cloud Point of Sale market, driving its growth by delivering insights that enable businesses to adapt, innovate, and thrive in an ever-evolving competitive landscape. With its ability to transform operations, enhance customer experiences, and support data-driven strategies, the integration of real-time data and analytics is expected to continue shaping the future of the global Cloud PoS market.

 

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Key Market Challenges

Data Security and Privacy Concerns

Data security and privacy concerns represent a substantial challenge that has the potential to hamper the growth of the global Cloud Point of Sale (PoS) market. As businesses increasingly rely on cloud based PoS systems to manage sensitive customer and financial data, the need for robust security measures and compliance with data privacy regulations becomes paramount. One of the primary concerns relates to data breaches. The cloud PoS environment is a lucrative target for cybercriminals due to the valuable information it contains, including customer payment data. High-profile data breaches can have severe consequences, leading to financial losses, reputational damage, and legal liabilities for businesses. The threat of a data breach remains a constant challenge, and cloud PoS providers must continually invest in state-of-the-art security measures to protect against evolving cyber threats.

Moreover, the global regulatory landscape is evolving rapidly, with an increasing number of data privacy laws and regulations. Compliance with these regulations, such as the General Data Protection Regulation (GDPR) in Europe and the California Consumer Privacy Act (CCPA) in the United States, adds complexity and costs to businesses operating in multiple jurisdictions. Ensuring that a cloud PoS system adheres to these regulations is not only a legal obligation but also a critical factor in maintaining customer trust. Vendor trustworthiness is another concern. Businesses need to carefully evaluate the security practices and track record of their chosen cloud PoS providers. Questions related to data encryption, access controls, and vulnerability management should be thoroughly addressed. The reputation of the provider in terms of data security and privacy is a key consideration for businesses looking to mitigate risks.

Data residency and sovereignty issues also contribute to security and privacy concerns. Depending on the geographic location of the cloud PoS provider's data centers, businesses may need to navigate complex regulatory requirements related to where customer data is stored and processed. This can impact the choice of a provider and introduce additional compliance challenges. To address these concerns and maintain the growth momentum of the Cloud PoS market, stakeholders must collaborate to implement stringent security protocols, encryption mechanisms, and regular security audits. Businesses should also educate their staff on best practices for data security and privacy.

In conclusion, while cloud PoS systems offer numerous advantages, data security and privacy concerns cannot be underestimated. Providers and businesses must proactively address these challenges to ensure the continued trust and confidence of customers and regulatory authorities. Failure to do so can not only hamper the growth of the global Cloud Point of Sale (PoS) market but also lead to significant reputational and financial repercussions for businesses.

Costs and Subscription Models

While cost-effectiveness is often touted as a key driver of the global Cloud Point of Sale (PoS) market, it paradoxically presents a challenge in the form of subscription models and associated costs. While these models offer benefits, they can also pose significant hurdles for businesses and impact market adoption. The recurring subscription fees associated with cloud PoS systems can accumulate over time, leading to concerns for businesses, especially those with tight budgets or limited cash flow. Small and medium-sized enterprises (SMEs) and startups, in particular, may find it challenging to manage ongoing expenses, which can include software licensing, data storage, and maintenance costs. These recurring financial commitments may erode profitability or limit the ability to allocate resources to other critical areas of the business.

Furthermore, subscription models introduce a level of predictability in operational costs, but this predictability can turn into a double-edged sword. In times of economic uncertainty or fluctuating revenues, businesses may struggle to justify the continued expenditure on PoS subscriptions. This financial inflexibility can hinder strategic decision-making and potentially lead to delayed or scaled-down investments in cloud PoS technology. Another challenge associated with subscription models is that they can result in a long-term vendor lock-in. Once a business commits to a particular cloud PoS provider and its subscription model, switching to an alternative solution becomes complex and costly. This lock-in can limit a business's ability to explore other PoS options or adapt to changing market conditions.

Moreover, subscription models may not be suitable for businesses with seasonal or fluctuating demand patterns. In these cases, paying for a year-round subscription may not align with the actual usage of the PoS system, leading to inefficiencies and unnecessary costs. To address these challenges and maintain the appeal of cloud PoS systems, providers and businesses need to explore more flexible pricing structures. This could include pay-as-you-go models or tiered pricing based on usage. Additionally, providers should transparently communicate pricing details, including any hidden or additional costs, to help businesses make informed decisions. Ultimately, while cost-effective solutions remain a significant driver for cloud PoS adoption, the challenge lies in striking the right balance between affordability and financial flexibility. Providers must tailor their pricing strategies to meet the diverse needs of businesses, ensuring that the benefits of cloud PoS technology continue to outweigh the potential drawbacks associated with subscription models and costs.

Key Market Trends

Mobile PoS Solutions

Mobile Point of Sale (PoS) solutions are poised to be a major driving force behind the growth of the global Cloud Point of Sale (PoS) market. These solutions, which enable businesses to conduct transactions and manage sales processes using mobile devices such as smartphones and tablets, are reshaping the way businesses interact with customers and manage their operations. One of the most compelling aspects of mobile PoS solutions is their ability to enhance the overall customer experience. By equipping sales associates or service personnel with mobile devices, businesses can offer a more personalized and efficient shopping experience. Customers can complete transactions from anywhere within a store, eliminating the need to wait in long lines at traditional checkout counters. This not only saves time but also fosters customer satisfaction and loyalty.

Mobile PoS solutions also offer businesses newfound flexibility. Whether operating in a physical store, at an event, or for delivery services, these solutions adapt to various business models. Pop-up shops, food trucks, and businesses with mobile operations benefit significantly from the mobility and versatility of mobile PoS systems, allowing them to reach customers wherever they are. Real-time data access is another critical driver of mobile PoS adoption within the cloud-based ecosystem. Businesses can monitor sales, track inventory, and access customer information on the go. This data-driven approach empowers businesses to make informed decisions quickly, optimize inventory levels, and tailor marketing efforts based on real-time insights.

Security is a top priority for mobile PoS solutions, with robust encryption and tokenization technologies ensuring the protection of sensitive customer data during transactions. Furthermore, cloud-based mobile PoS systems provide a secure backup of transaction data in the event of device loss or damage, reducing the risk of data loss. The scalability of mobile PoS solutions is a valuable asset for businesses experiencing growth or seasonality. They can easily add new mobile devices and users to accommodate increased demand, without the need for significant upfront investments in hardware or software.

Integration capabilities are another key driver. Mobile PoS systems can seamlessly integrate with other business applications, such as inventory management, customer relationship management (CRM), and accounting software. This integrated ecosystem streamlines operations and enhances efficiency. In conclusion, mobile PoS solutions are driving the global Cloud Point of Sale (PoS) market by offering enhanced customer experiences, flexibility, real-time data access, security, scalability, and integration capabilities. As businesses seek ways to adapt to changing consumer preferences and market dynamics, mobile PoS solutions provide a compelling and agile solution for improving operations, increasing sales, and staying competitive in the evolving retail and service industries.

Contactless Payments

Contactless payments are emerging as a powerful driver propelling the growth of the global Cloud Point of Sale (PoS) market. This trend is reshaping the way businesses process transactions, fostering convenience, speed, and safety for both consumers and merchants alike. The COVID-19 pandemic played a significant role in accelerating the adoption of contactless payments. As health and safety became paramount concerns, consumers sought touch-free alternatives to traditional payment methods like cash or physical cards. Cloud PoS systems, equipped with contactless payment capabilities, quickly adapted to meet this demand, making them an essential tool for businesses in a rapidly changing retail and hospitality landscape.

One of the key advantages of contactless payments is speed and efficiency. With contactless-enabled PoS systems, customers can complete transactions quickly by simply tapping their contactless cards, smartphones, or wearables near the PoS terminal. This streamlined process reduces checkout times, enhances the overall shopping experience, and allows businesses to serve more customers in less time. Moreover, contactless payments offer a heightened level of security. These transactions typically use tokenization and encryption technologies, making it challenging for fraudsters to intercept or duplicate payment data. This not only protects consumers but also reduces the risk of payment-related fraud for businesses, bolstering trust in PoS systems.

Cloud PoS systems excel in supporting contactless payments due to their real-time capabilities. They can process transactions instantly, update inventory in real-time, and provide customers with digital receipts via email or text message. This level of efficiency aligns with the expectations of modern consumers who seek fast and convenient payment experiences.

The convenience of contactless payments extends beyond the transaction itself. Cloud PoS solutions can capture and analyze customer purchase data, enabling businesses to tailor marketing efforts and loyalty programs to individual preferences. This personalization fosters stronger customer relationships and drives repeat business, a critical aspect of staying competitive in today's market.

Furthermore, as contactless payments continue to gain traction globally, Cloud PoS systems are accommodating various payment methods, including Near Field Communication (NFC), mobile wallets like Apple Pay and Google Pay, and QR code-based payments. This versatility ensures that businesses can meet the diverse payment preferences of their customers. In conclusion, contactless payments are a significant driver of the global Cloud Point of Sale (PoS) market, offering benefits such as speed, security, and convenience. As consumers increasingly expect contactless options, businesses that embrace this trend by integrating cloud based PoS systems are better positioned to meet evolving customer demands, enhance operational efficiency, and thrive in the modern retail and hospitality landscape.

Segmental Insights

End-user Industry Insights

Retail Segment to Dominate the market during the forecast period. The retail sector's growing adoption of advanced digital technology to improve store efficiency will drive demand for cloud PoS services. The system enables store administrations to monitor a variety of operational activities remotely.

The significant players in the market are adopting new technologies and launching new cloud-based PoS services. In May 2022, NCR Corporation, an enterprise technology supplier, unveiled NCR Aloha Cloud, a cloud-based point of sale (POS) solution that provided robust capabilities to come to market under the industry-leading Aloha brand.

Retailers worldwide dealt with COVID-19 and consequent labor shortages, supply chain concerns, and increased customer expectations. In January 2022, NCR Corporation and Google Cloud collaborated to help turn these obstacles into opportunities. With their strategic partnership, NCR and Google Cloud introduced additional platforms and cloud capabilities, including AI and machine-learning solutions. The partnership provided retailers with best-in-class tools and unparalleled flexibility to deliver exceptional in-store customer experiences.


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Regional Insights

North America plays a significant role in the global Cloud Point of Sale (PoS) market, The United States dominates the PoS terminal industry in North America. For many years, various PoS terminals have been used in outlets around the country, increasing the demand for replacement with new technology. Hardware sales, digital PoS, cloud subscriptions, and mPoS transactions are on the rise in North America, with anything from futuristic hand-held tablets with payment terminals to sleek all-in-one equipment. ​

The payment methods across the region are improving with the updating trends. In 2020, credit cards were North America's most commonly used Point of Sale payment method, accounting for 38.60% of all PoS payments. It is also expected to be the most popular PoS payment option in North America in 2024, accounting for 38.40% of payments. Digital and mobile wallet payments are expected to account for 15.5% of PoS payments by 2023, mirroring a global trend toward digital wallet payments.

Recent Developments

  • In October 2021, Glory Global Solutions, a provider of cash technology solutions, announced a collaboration with HRS Hospitality & Retail Systems to provide a complete plug-and-play integration. The integration was delivered between CASHINFINITY Point of Sale Cash Recycling Solutions and Oracle MICROS Simphony Software, a significant cloud PoS platform. HRS Hospitality & Retail Systems is an Oracle Partner and the company's largest global hotel partner, delivering IT solutions to over 9500 hospitality, food and beverage, and retail customers worldwide.
  • In June 2021, Ascent360 announced an app store connected with Lightspeed to bring PoS and e-commerce data to life. Because of the combined power of these technologies, businesses were able to absorb critical consumer data, segment customers, and provide personalized omnichannel communications to engage better and retain customers.

Key Market Players

  • Block, Inc.
  • Intuit Inc.
  • Shopify Inc.
  • Lightspeed POS Inc.
  • Clover Network, Inc.
  • Vend Limited
  • Toshiba Global Commerce Solutions
  • Seiko Epson Corp.
  • Samsung Electronics Co. Ltd
  • Micros Retail Systems Inc. (Oracle)    

By Component

By Type

By End-user Industry

By Region

  • Hardware
  • Software
  • Service
  • Fixed Point of Sale
  • Mobile Point of Sale
  • Entertainment
  • Hospitality
  • Healthcare
  • Retail
  • Other
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
  • Asia Pacific

 

 

           

Report Scope:

In this report, the Global Cloud Point of Sale (PoS) Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Cloud Point of Sale (PoS) Market, By Component:

o   Hardware

o   Software

o   Service

  • Global Cloud Point of Sale (PoS) Market, By Type:

o   Fixed Point of Sale

o   Mobile Point of Sale  

  • Global Cloud Point of Sale (PoS) Market, By End-user Industry:

o   Entertainment

o   Hospitality

o   Healthcare

o   Retail

o   Other  

  • Global Cloud Point of Sale (PoS) Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Indonesia

o   Europe

§  Germany

§  United Kingdom

§  France

§  Russia

§  Spain

o   South America

§  Brazil

§  Argentina

o   Middle East & Africa

§  Saudi Arabia

§  South Africa

§  Egypt

§  UAE

§  Israel

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Cloud Point of Sale (PoS) Market.

Available Customizations:

Global Cloud Point of Sale (PoS) Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Cloud Point of Sale (PoS) Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]   

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.3.  Markets Covered

1.4.  Years Considered for Study

1.5.  Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Cloud Point of Sale (PoS) Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Component (Hardware, Software, Service)

5.2.2.    By Type (Fixed Point of Sale and Mobile Point of Sale)

5.2.3.    By End-user Industry (Entertainment, Hospitality, Healthcare, Retail, and Other)

5.2.4.    By Region

5.3.  By Company (2022)

5.4.  Market Map

6.    North America Cloud Point of Sale (PoS) Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Component

6.2.2.    By Type

6.2.3.    By End-user Industry

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Cloud Point of Sale (PoS) Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Component

6.3.1.2.2.           By Type

6.3.1.2.3.           By End-user Industry

6.3.2.    Canada Cloud Point of Sale (PoS) Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Component

6.3.2.2.2.           By Type

6.3.2.2.3.           By End-user Industry

6.3.3.    Mexico Cloud Point of Sale (PoS) Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Component

6.3.3.2.2.           By Type

6.3.3.2.3.           By End-user Industry

7.    Asia-Pacific Cloud Point of Sale (PoS) Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Component

7.2.2.    By Type

7.2.3.    By End-user Industry

7.2.4.    By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.    China Cloud Point of Sale (PoS) Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Component

7.3.1.2.2.           By Type

7.3.1.2.3.           By End-user Industry

7.3.2.    India Cloud Point of Sale (PoS) Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Component

7.3.2.2.2.           By Type

7.3.2.2.3.           By End-user Industry

7.3.3.    Japan Cloud Point of Sale (PoS) Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Component

7.3.3.2.2.           By Type

7.3.3.2.3.           By End-user Industry

7.3.4.    South Korea Cloud Point of Sale (PoS) Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Component

7.3.4.2.2.           By Type

7.3.4.2.3.           By End-user Industry

7.3.5.    Indonesia Cloud Point of Sale (PoS) Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Component

7.3.5.2.2.           By Type

7.3.5.2.3.           By End-user Industry

8.    Europe Cloud Point of Sale (PoS) Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Component

8.2.2.    By Type

8.2.3.    By End-user Industry

8.2.4.    By Country

8.3.  Europe: Country Analysis

8.3.1.    Germany Cloud Point of Sale (PoS) Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Component

8.3.1.2.2.           By Type

8.3.1.2.3.           By End-user Industry

8.3.2.    United Kingdom Cloud Point of Sale (PoS) Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Component

8.3.2.2.2.           By Type

8.3.2.2.3.           By End-user Industry

8.3.3.    France Cloud Point of Sale (PoS) Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Component

8.3.3.2.2.           By Type

8.3.3.2.3.           By End-user Industry

8.3.4.    Russia Cloud Point of Sale (PoS) Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Component

8.3.4.2.2.           By Type

8.3.4.2.3.           By End-user Industry

8.3.5.    Spain Cloud Point of Sale (PoS) Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Component

8.3.5.2.2.           By Type

8.3.5.2.3.           By End-user Industry

9.    South America Cloud Point of Sale (PoS) Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Component

9.2.2.    By Type

9.2.3.    By End-user Industry

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Cloud Point of Sale (PoS) Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Component

9.3.1.2.2.           By Type

9.3.1.2.3.           By End-user Industry

9.3.2.    Argentina Cloud Point of Sale (PoS) Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Component

9.3.2.2.2.           By Type

9.3.2.2.3.           By End-user Industry

10. Middle East & Africa Cloud Point of Sale (PoS) Market Outlook

10.1.             Market Size & Forecast

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Component

10.2.2. By Type

10.2.3. By End-user Industry

10.2.4. By Country

10.3.             Middle East & Africa: Country Analysis

10.3.1.  Saudi Arabia Cloud Point of Sale (PoS) Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Component

10.3.1.2.2.         By Type

10.3.1.2.3.         By End-user Industry

10.3.2. South Africa Cloud Point of Sale (PoS) Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Component

10.3.2.2.2.         By Type

10.3.2.2.3.         By End-user Industry

10.3.3. UAE Cloud Point of Sale (PoS) Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Component

10.3.3.2.2.         By Type

10.3.3.2.3.         By End-user Industry

10.3.4. Israel Cloud Point of Sale (PoS) Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Component

10.3.4.2.2.         By Type

10.3.4.2.3.         By End-user Industry

10.3.5. Egypt Cloud Point of Sale (PoS) Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Component

10.3.5.2.2.         By Type

10.3.5.2.3.         By End-user Industry

11. Market Dynamics

11.1.   Drivers

11.2.   Challenge

12. Market Trends & Developments

13. Company Profiles

13.1.             Block, Inc.  

13.1.1. Business Overview

13.1.2. Key Revenue and Financials

13.1.3. Recent Developments

13.1.4. Key Personnel

13.1.5. Key Product/Services

13.2.             Intuit Inc.

13.2.1. Business Overview

13.2.2. Key Revenue and Financials

13.2.3. Recent Developments

13.2.4. Key Personnel

13.2.5. Key Product/Services

13.3.             Shopify Inc.  

13.3.1. Business Overview

13.3.2. Key Revenue and Financials

13.3.3. Recent Developments

13.3.4. Key Personnel

13.3.5. Key Product/Services

13.4.             Lightspeed POS Inc.  

13.4.1. Business Overview

13.4.2. Key Revenue and Financials

13.4.3. Recent Developments

13.4.4. Key Personnel

13.4.5. Key Product/Services

13.5.             Clover Network, Inc.  

13.5.1. Business Overview

13.5.2. Key Revenue and Financials

13.5.3. Recent Developments

13.5.4. Key Personnel

13.5.5. Key Product/Services

13.6.             Vend Limited

13.6.1. Business Overview

13.6.2. Key Revenue and Financials

13.6.3. Recent Developments

13.6.4. Key Personnel

13.6.5. Key Product/Services

13.7.             Toshiba Global Commerce Solutions  

13.7.1. Business Overview

13.7.2. Key Revenue and Financials

13.7.3. Recent Developments

13.7.4. Key Personnel

13.7.5. Key Product/Services

13.8.             Seiko Epson Corp.  

13.8.1. Business Overview

13.8.2. Key Revenue and Financials

13.8.3. Recent Developments

13.8.4. Key Personnel

13.8.5. Key Product/Services

13.9.             Samsung Electronics Co. Ltd  

13.9.1. Business Overview

13.9.2. Key Revenue and Financials

13.9.3. Recent Developments

13.9.4. Key Personnel

13.9.5. Key Product/Services

14. Strategic Recommendations

15. About Us & Disclaimer        

Figures and Tables

Frequently asked questions

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The market size of the Global Cloud Point of Sale (PoS) Market was USD 4.82 Billion in 2022.

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The Global Cloud Point of Sale (PoS) Market was dominated by the Retail Segment in 2022.

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Data Security and Privacy Concerns and Costs and Subscription Models are the major challenges of the market.

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Because of better customer service delivery, the cloud PoS system is gaining momentum in the retail and e-commerce industries. The increased emphasis on multi-channel selling, combined with mobility trends, is expected to drive the expansion of the market.

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Sakshi Bajaal

Business Consultant
Press Release

Retail Segment is Expected to Dominate the Global Cloud Point of Sale (PoS) Market

Oct, 2023

The increasing prevalence of e-commerce and cashless transactions in the retail and consumer goods industries are a major factor attributable to the growth of the market.