Cloud POS Market Size is projected to reach USD 26.35 Billion by 2030, growing at a CAGR of 24.7%: Straits Research

The global cloud POS market size was valued at USD 3,615 million in 2021. It is projected to reach USD 26,355 million by 2030, growing at a CAGR of 24.7% during the forecast period (2022–2030). North America holds the largest market share and is estimated to grow at a CAGR of 24.1% during the forecast period.

| Source: Straits Research Straits Research

New York, United States, June 20, 2023 (GLOBE NEWSWIRE) -- POS, or point of sale, generally refers to the location of purchase, such as a cashier's kiosk or a restaurant's hostess desk (or side table). Numerous businesses have realized the value and advantages of employing mobile devices as contemporary cash registers, which is one of the reasons cloud-based sales point (POS) systems significantly impact the retail industry. This results in an antiquated legacy system with specialized POS registration equipment and a significant economic revolution in many situations. Among the main factors propelling the market expansion is the improvement of workplace productivity, efficiency, and dynamic decision-making abilities of companies and businesses.


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Low Operational and Functional Costs of Cloud POS Solutions Propel the Market

The foundation of cloud-based POS solutions is the idea of easy scaling up and down; services can be added or removed at any time by the company depending on their and customers' requirements. Firms only pay for the services they utilize, saving money on the fail-safe mechanisms and conditions for future-proofing that traditional on-premises POS demands. Additionally, the solutions provider will take care of the maintenance and upkeep of cloud-based POS solutions, so business owners won't need to worry about these POS systems operating constantly.

Since the vendors and solution providers handle the maintenance, performance, and upkeep of cloud-based POS systems, businesses can operate with a smaller IT team internally, saving on the training and payroll expenses associated with maintaining a full-size IT department as required by the on-premises based POS solutions.

Growing Acceptance of Cloud-Based Systems in Small and Medium-Sized Enterprises Create Lucrative Market Opportunities

Owners of small and medium-sized businesses are adopting the technology because cloud-based POS systems are simpler to set up and manage. Compared to most on-premises workstations, cloud-based POS systems need less equipment and rely less on complex networks. The advantages of cloud-based card payments and analytics offered by these POS systems may be utilized by business owners with just one machine deployed.


Report Scope

Report MetricDetails
Market Size by 2030USD 26,355 million
Market Size in 2021USD 3,615 million
CAGR24.7% (2022-2030)
Historical Data2019-2020
Base Year2021
Forecast Period2022-2030
Forecast UnitsValue (USD Million)
Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments CoveredBy Component, By Organization Size, By Application
Geographies CoveredNorth America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/VendorsSquare, Inc., PAR Technology, Cegid, UTC Retail, Shopkeep, Shopify, B2B Soft, Intuit, Lightspeed, and Oracle
Key Market OpportunitiesGrowing Implementation of Cloud-Based Systems in Small and Medium-Sized Enterprises
Key Market DriversImproving Workplace Efficiency, Productivity, and Dynamic Decision-Making Ability of Organizations and Businesses

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Regional Insights

North America holds the largest market share and is estimated to grow at a CAGR of 24.1% during the forecast period. This is attributed to the increasing sales of IT hardware, digital hardware, POS systems, cloud subscriptions, mPOS agreements, futuristic handheld devices, tablets, and payment terminals in North America. The point-of-sale (POS) business in this region will undergo substantial changes due to the rising demand for new touch-screen technology integrated with cloud-based POS software.

Asia-Pacific is the fastest-growing region. Several Asia-Pacific countries, including India, China, and South Korea, have adopted cloud computing technology. The growing adoption will enhance the demand for cloud-based POS systems that slow down performance by storing data in a secure environment. Cloud technology also eliminates the difficulty of establishing on-premise data storage hardware. As small and medium enterprises face budget and spatial challenges, cloud technology helps store data efficiently without needing to build and expand quality servers. The growing implementation of cloud-based POS programs by restaurant owners and retailers in the Asia-Pacific will also boost the market growth.

Europe is the second-largest region in the cloud PCOS market. It is projected to reach USD 5,520 million, growing at a CAGR of 24.7% during the forecast period. The advent of the cashless economy with the launch of the mobile wallet in Europe would contribute to the growth of the regional cloud POS market.

Key Highlights

  • The global cloud POS market size is projected to reach USD 26,355 million by 2030, growing at a CAGR of 24.7% during the forecast period (2022–2030). 
  • Based on components, the global cloud POS market is segmented into Solutions and Services. The Solution segment is the highest shareholder in the market and is estimated to grow at a CAGR of 24.8% during the forecast period.
  • Based on applications, the global cloud POS market is segmented into Retail & Consumer Goods, Media & Entertainment, Transport & Logistics, Travel & Hospitality, and Healthcare. The Retail & Consumer Goods segment is the highest shareholder in the market and is estimated to grow at a CAGR of 23% during the forecast period.
  • Based on organization size, the global cloud POS market is segmented into SMEs and Large Enterprises. The SMEs are the highest shareholder in the market and are estimated to grow at a CAGR of 24.5% during the forecast period.
  • The global cloud POS market is primarily studied across North America, Asia-Pacific, Europe, and LAMEA. North America is estimated to grow at a CAGR of 24.1% during the forecast period.

The key players in the global cloud POS market are

  1. Square Inc.
  2. PAR Technology
  3. Cegid
  4. UTC Retail
  5. Shopkeep
  6. Shopify
  7. B2B Soft
  8. Intuit
  9. Lightspeed
  10. Oracle


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Global Cloud POS Market: Segmentation

By Component

  • Solution
  • Services
  • Implementation & Integration
  • Training & Consulting
  • Support & Maintenance

By Organization Size

  • SME
  • Large Enterprise

By Application

  • Retail & Consumer Goods
  • Travel & Hospitality
  • Media & Entertainment
  • Transport & Logistics
  • Healthcare

By Regions

  • North America
  • Europe
  • Asia-Pacific
  • LAMEA

TABLE OF CONTENT

  1. EXECUTIVE SUMMARY
  2. RESEARCH SCOPE & SEGMENTATION
    1. Research Objectives
    2. Market Definition
    3. Limitations & Assumptions
    4. Market Scope & Segmentation
    5. Currency & Pricing Considered
  3. MARKET OPPORTUNITY ASSESSMENT
    1. Emerging Regions / Countries
    2. Emerging Companies
    3. Emerging Applications / End Use
    4. Investment Landscape
    5. New Business Models / Revenue Streams
    6. TAM
  4. MARKET TRENDS
    1. Drivers
    2. Market Warning Factors
    3. Latest Macro Economic Indicators
    4. Geopolitical Impact
    5. Human Factors
    6. Technology Factors
  5. MARKET ASSESSMENT
    1. Porters Five Forces Analysis
    2. Value Chain Analysis
    3. Sales And Distribution Channel Analysis
    4. Case Study Analysis
    5. Patent Analysis
    6. M & A Agreements & Collabration Analysis
  6. ESG TRENDS
  7. GLOBAL CLOUD POS MARKET SIZE ANALYSIS
    1. Global Cloud POS Market Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
  8. NORTH AMERICA MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
    5. U.S.
      1. By Component
        1. Introduction
          1. Component By Value
        2. Solution
          1. By Value
        3. Services
          1. By Value
          2. Implementation & Integration
            1. Implementation & Integration By Value
          3. Training & Consulting
            1. Training & Consulting By Value
          4. Support & Maintenance
            1. Support & Maintenance By Value
      2. By Organization Size
        1. Introduction
          1. Organization Size By Value
        2. SME
          1. By Value
        3. Large Enterprise
          1. By Value
      3. By Application
        1. Introduction
          1. Application By Value
        2. Retail & Consumer Goods
          1. By Value
        3. Travel & Hospitality
          1. By Value
        4. Media & Entertainment
          1. By Value
        5. Transport & Logistics
          1. By Value
        6. Healthcare
          1. By Value
    6. Canada
  9. EUROPE MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
    5. U.K.
      1. By Component
        1. Introduction
          1. Component By Value
        2. Solution
          1. By Value
        3. Services
          1. By Value
          2. Implementation & Integration
            1. Implementation & Integration By Value
          3. Training & Consulting
            1. Training & Consulting By Value
          4. Support & Maintenance
            1. Support & Maintenance By Value
      2. By Organization Size
        1. Introduction
          1. Organization Size By Value
        2. SME
          1. By Value
        3. Large Enterprise
          1. By Value
      3. By Application
        1. Introduction
          1. Application By Value
        2. Retail & Consumer Goods
          1. By Value
        3. Travel & Hospitality
          1. By Value
        4. Media & Entertainment
          1. By Value
        5. Transport & Logistics
          1. By Value
        6. Healthcare
          1. By Value
    6. Germany
    7. France
    8. Spain
    9. Italy
    10. Russia
    11. Nordic
    12. Benelux
    13. Rest Of Europe
  10. APAC MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
    5. China
      1. By Component
        1. Introduction
          1. Component By Value
        2. Solution
          1. By Value
        3. Services
          1. By Value
          2. Implementation & Integration
            1. Implementation & Integration By Value
          3. Training & Consulting
            1. Training & Consulting By Value
          4. Support & Maintenance
            1. Support & Maintenance By Value
      2. By Organization Size
        1. Introduction
          1. Organization Size By Value
        2. SME
          1. By Value
        3. Large Enterprise
          1. By Value
      3. By Application
        1. Introduction
          1. Application By Value
        2. Retail & Consumer Goods
          1. By Value
        3. Travel & Hospitality
          1. By Value
        4. Media & Entertainment
          1. By Value
        5. Transport & Logistics
          1. By Value
        6. Healthcare
          1. By Value
    6. Korea
    7. Japan
    8. India
    9. Australia
    10. Taiwan
    11. South East Asia
    12. Rest Of Asia-Pacific
  11. MIDDLE EAST AND AFRICA MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
    5. UAE
      1. By Component
        1. Introduction
          1. Component By Value
        2. Solution
          1. By Value
        3. Services
          1. By Value
          2. Implementation & Integration
            1. Implementation & Integration By Value
          3. Training & Consulting
            1. Training & Consulting By Value
          4. Support & Maintenance
            1. Support & Maintenance By Value
      2. By Organization Size
        1. Introduction
          1. Organization Size By Value
        2. SME
          1. By Value
        3. Large Enterprise
          1. By Value
      3. By Application
        1. Introduction
          1. Application By Value
        2. Retail & Consumer Goods
          1. By Value
        3. Travel & Hospitality
          1. By Value
        4. Media & Entertainment
          1. By Value
        5. Transport & Logistics
          1. By Value
        6. Healthcare
          1. By Value
    6. Turkey
    7. Saudi Arabia
    8. South Africa
    9. Egypt
    10. Nigeria
    11. Rest Of MEA
  12. LATAM MARKET ANALYSIS
    1. Introduction
    2. By Component
      1. Introduction
        1. Component By Value
      2. Solution
        1. By Value
      3. Services
        1. By Value
        2. Implementation & Integration
          1. Implementation & Integration By Value
        3. Training & Consulting
          1. Training & Consulting By Value
        4. Support & Maintenance
          1. Support & Maintenance By Value
    3. By Organization Size
      1. Introduction
        1. Organization Size By Value
      2. SME
        1. By Value
      3. Large Enterprise
        1. By Value
    4. By Application
      1. Introduction
        1. Application By Value
      2. Retail & Consumer Goods
        1. By Value
      3. Travel & Hospitality
        1. By Value
      4. Media & Entertainment
        1. By Value
      5. Transport & Logistics
        1. By Value
      6. Healthcare
        1. By Value
    5. Brazil
      1. By Component
        1. Introduction
          1. Component By Value
        2. Solution
          1. By Value
        3. Services
          1. By Value
          2. Implementation & Integration
            1. Implementation & Integration By Value
          3. Training & Consulting
            1. Training & Consulting By Value
          4. Support & Maintenance
            1. Support & Maintenance By Value
      2. By Organization Size
        1. Introduction
          1. Organization Size By Value
        2. SME
          1. By Value
        3. Large Enterprise
          1. By Value
      3. By Application
        1. Introduction
          1. Application By Value
        2. Retail & Consumer Goods
          1. By Value
        3. Travel & Hospitality
          1. By Value
        4. Media & Entertainment
          1. By Value
        5. Transport & Logistics
          1. By Value
        6. Healthcare
          1. By Value
    6. Mexico
    7. Argentina
    8. Chile
    9. Colombia
    10. Rest Of LATAM
  13. COMPETITIVE ASSESSMENT
    1. Adoption Matrix
    2. Cloud POS Market Share By Manufacturers
    3. Cloud POS Market Ranking By Revenue For Manufacturers
    4. Average Price By Manufacturers
    5. Vendor Footprint Analysis
  14. MARKET PLAYERS ASSESSMENT
    1. Square Inc.
      1. Overview
      2. Business Information
      3. Revenue
      4. ASP
      5. Gross Margin
      6. Swot Analysis
      7. Recent Developmments
    2. PAR Technology
    3. Cegid
    4. UTC Retail
    5. Shopkeep
    6. Shopify
    7. B2B Soft
    8. Intuit
    9. Lightspeed
    10. Oracle.
  15. RESEARCH METHODOLOGY
    1. Research Data
      1. Secondary Data
        1. Major Secondary Sources
        2. Key Data From Secondary Sources
      2. Primary Data
        1. Key Data From Primary Sources
        2. Breakdown Of Primaries
      3. Secondary And Primary Research
        1. Key Industry Insights
    2. Market Size Estimation
      1. Bottom-Up Approach
      2. Top-Down Approach
      3. Market Projection
    3. Research Assumptions
      1. Assumptions
    4. Limitations
    5. Risk Assessment
  16. APPENDIX
    1. Discussion Guide
    2. Customization Options
    3. Related Reports
  17. DISCLAIMER


Table of Content and Figure @ https://straitsresearch.com/report/cloud-pos-market/toc


Market News

  • In June 2022, Oracle and Vodafone, the largest pan-European and African technology Communications Company, announced a strategic partnership to modernize the operator's European IT infrastructure and accelerate its transition to the cloud.
  • In June 2022, Water and electric utilities adopted Oracle cloud solutions to get up and run faster, automate data management, and boost customer service. 


News Media

Global Cloud POS Market Extends at a Healthy CAGR of 24.7% by 2030.

Point of Sale Software – Stable and Easy Billing for the Future


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Mot-clé

Cloud POS Market Size point of sale cloud POS systems Cloud POS Solutions cloud-based card payments cloud POS market share POS

Hyperliens