HOME Top Market Reports Cloud POS Market by Component, Organization Size, Application Area (Retail and Consumer Goods, Travel and Hospitality, Transportation and Logistics, Media and Entertainment, and Healthcare), and Region - Global Forecast to 2023

Cloud POS Market by Component, Organization Size, Application Area (Retail and Consumer Goods, Travel and Hospitality, Transportation and Logistics, Media and Entertainment, and Healthcare), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: October 2018
Report Code: TC 6640

 

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[111 Pages Report] The global cloud POS market size was USD 1.06 billion in 2017 and is projected to reach USD 3.73 billion by 2023, growing at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. In this report, the base year is 2017, and the forecast period is 2018–2023. The growing need for business mobility and flexibility is expected to drive the global cloud POS market.

Objectives of the Study

The main objective of the report is to define, describe, and forecast the global cloud POS market based on component, services, organization size, application area, and region. The report provides detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth. The report aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the global market. The report attempts to forecast the market size of the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It strategically profiles the key market players and comprehensively analyzes their core competencies. It also tracks and analyzes competitive developments, such as joint ventures, mergers and acquisitions, new developments, and Research and Development (R&D) activities, in the global cloud POS market.

Research Methodology

The research methodology used to estimate and forecast the cloud POS market started with capturing data on the key vendors’ revenues through secondary research using various sources, such as Cisco Cloud Index, Cloud Security Alliance, and Institute of Electrical and Electronic Engineers (IEEE). In addition, the vendor offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall industry size of the global cloud POS market from the revenues of the key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with the key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all the segments and subsegments. The following figure depicts the breakup of the primary profiles:

Cloud POS Market

To know about the assumptions considered for the study, download the pdf brochure

The cloud POS market includes major vendors, such as Square Inc (US), Cegid (France), UTC RETAIL (US), Shop Keep (US), PAR Technology (US), Shopify (Canada), B2B Soft (US), Intuit (US), Lightspeed (Canada), Oracle (US), SalonTarget (US), RetailOps (US), Celerant Technology (US), TouchSuite (US), Clover (US), Revel Systems (US), ERPLY (US), Omnico Group (UK), Diaspark (US), Teamwork Retail (US), Jesta I.S. (Canada), One Step Retail Solutions (US), Phorest (Ireland), Poster POS (Poland), and iiko(Russia).

The target audience of the cloud POS market report includes the following:

  • Cloud POS providers
  • Market operators
  • Financial institutions
  • Merchants and merchant acquirers
  • Technology providers
  • Mobile network operators
  • Credit/debit card providers
  • Cloud solution providers
  • Security service providers
  • Professional and managed service providers
  • System integrators
  • Technology consultants

 “The study answers several questions for the stakeholders, primarily which market segments to focus on in the next 2–5 years for prioritizing the efforts and investments.”

Scope of the Report

The research report categorizes the cloud POS market to forecast the revenues and analyze the trends in each of the following subsegments:

By Component:

  • Solution
  • Services

By Service:

  • Training, Consulting, and Integration
  • Support and Maintenance

By Organization Size:

  • SMEs
  • Large Enterprises

By Application Areas:

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

By Region:

  • North America
    • US
    • Canada
  • Europe
    • UK
    • France
    • Germany
    • Other European Countries
  • APAC
    • China
    • Japan
    • India
    • Other APAC Countries
  • MEA
    • KSA
    • South Africa
    • Other MEA Countries
  • Latin America
    • Brazil
    • Mexico
    • Other Latin American Countries

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs and on best effort basis for profiling of additional market players.

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Regional Scope
    1.5 Years Considered for the Study
    1.6 Currency
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 26)
    4.1 Attractive Market Opportunities in the Cloud POS Market
    4.2 Cloud POS Market, Top 3 Application Areas and Regions
    4.3 Life Cycle Analysis, By Region

5 Market Overview and Industry Trends (Page No. - 29)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increased Business Mobility and Flexibility
                    5.2.1.2 Efficient Management of POS Terminals Across Multiple Locations
                    5.2.1.3 Improved Service Delivery
           5.2.2 Restraints
                    5.2.2.1 Skepticism Regarding Cloud-Based Offerings
           5.2.3 Opportunities
                    5.2.3.1 Growing Demand for Ecommerce Transactions in Retail and Consumer Goods Applications
                    5.2.3.2 Increase in Cashless Transactions in Different Countries
           5.2.4 Challenges
                    5.2.4.1 Lack of Standardization and Awareness
    5.3 Technology Trends and Standards
           5.3.1 Introduction
           5.3.2 Standards and Guidelines for Cloud POS Market
                    5.3.2.1 Payment Card Industry Data Security Standard (PCI DSS)
                    5.3.2.2 Health Insurance Portability and Accountability Act (HIPAA)
                    5.3.2.3 Federal Information Security Management Act (FISMA)
                    5.3.2.4 PCI Pin Transaction Security (PCI PTS) Requirements
                    5.3.2.5 International Organization for Standardization (Iso) 10536
                    5.3.2.6 Iso 14443
                    5.3.2.7 Distributed Management Task Force (Dmtf) Standards
                    5.3.2.8 Organization for the Advancement of Structured Information Standards (OASIS)

6 Cloud POS Market, By Component (Page No. - 34)
    6.1 Introduction

7 Market By Service (Page No. - 37)
    7.1 Introduction
    7.2 Training, Consulting, and Integration
    7.3 Support and Maintenance

8 Cloud POS Market, By Organization Size (Page No. - 41)
    8.1 Introduction
    8.2 Small and Medium-Sized Enterprises
    8.3 Large Enterprises

9 Market By Application Area (Page No. - 44)
    9.1 Introduction
    9.2 Retail and Consumer Goods
           9.2.1 Inventory Management
           9.2.2 Cash Management and Checkout
           9.2.3 Labour Scheduling
           9.2.4 Shelf Space Management
           9.2.5 Scale Management
    9.3 Travel and Hospitality
           9.3.1 Restaurant and Table Management
           9.3.2 Staff Management
           9.3.3 Kitchen Management
           9.3.4 Reporting
    9.4 Media and Entertainment
           9.4.1 Cinema Operations Management
           9.4.2 In-Theatre Dining Management
           9.4.3 Cash Desk Management
           9.4.4 Digital Signage Management
    9.5 Transportation and Logistics
           9.5.1 Vehicle Inventory Management
           9.5.2 Operations Management
           9.5.3 Warehouse Management
           9.5.4 Payroll Management
    9.6 Healthcare
           9.6.1 Inventory Management
           9.6.2 Invoicing
           9.6.3 Reporting and Analytics

10 Cloud POS Market, By Region (Page No. - 52)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 France
             10.3.3 Germany
             10.3.4 Rest of Europe
     10.4 Asia Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of Asia Pacific
     10.5 Middle East and Africa
             10.5.1 Kingdom of Saudi Arabia
             10.5.2 South Africa
             10.5.3 Rest of Middle East and Africa
     10.6 Latin America
             10.6.1 Brazil
             10.6.2 Mexico
             10.6.3 Rest of Latin America

11 Competitive Landscape (Page No. - 68)
     11.1 Overview
     11.2 Competitive Scenario
             11.2.1 New Product Launches/Product Upgradations
             11.2.2 Partnerships, Agreements, and Collaborations
             11.2.3 Mergers and Acquisitions

12 Company Profiles (Page No. - 71)
     12.1 Introduction
(Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.2 Square, Inc.
     12.3 Cegid
     12.4 UTC Retail
     12.5 Shopkeep
     12.6 PAR Technology
     12.7 Shopify
     12.8 B2B Soft
     12.9 Intuit
     12.10 Lightspeed
     12.11 Oracle
     12.12 Salontarget
     12.13 Retailops
     12.14 Celerant Technology
     12.15 Touchsuite
     12.16 Clover
     12.17 Revel Systems
     12.18 Erply
     12.19 Omnico Group
     12.20 Diaspark
     12.21 Teamwork Retail
     12.22 Jesta I.S.
     12.23 One Stop Retail Solutions
     12.24 Phorest
     12.25 POSter POS
     12.26 Iiko

*Details on Business Overview, Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 105)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customizations
     13.4 Related Reports
     13.5 Author Details


List of Tables (46 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2017
Table 2 Global Cloud POS Market: Assumptions
Table 3 Cloud POS Market Size, By Component, 2016–2023 (USD Million)
Table 4 Solution: Market Size By Region, 2016–2023 (USD Million)
Table 5 Services: Market Size By Region, 2016–2023 (USD Million)
Table 6 Cloud POS Market Size, By Service, 2016–2023 (USD Million)
Table 7 Training, Consulting, and Integration: Market Size By Region, 2016–2023 (USD Million)
Table 8 Support and Maintenance: Market Size By Region, 2016–2023 (USD Million)
Table 9 Cloud POS Market Size, By Organization Size, 2016–2023 (USD Million)
Table 10 Small and Medium-Sized Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 11 Large Enterprises: Market Size By Region, 2016–2023 (USD Million)
Table 12 Cloud POS Market Size, By Application Area, 2016–2023 (USD Million)
Table 13 Retail and Consumer Goods: Market Size By Region, 2016–2023 (USD Million)
Table 14 Travel and Hospitality: Market Size By Region, 2016–2023 (USD Million)
Table 15 Media and Entertainment: Market Size By Region, 2016–2023 (USD Million)
Table 16 Transportation and Logistics: Market Size By Region, 2016–2023 (USD Million)
Table 17 Healthcare: Market Size By Region, 2016–2023 (USD Million)
Table 18 Cloud POS Market Size, By Region, 2016–2023 (USD Million)
Table 19 North America: Market Size By Component, 2016–2023 (USD Million)
Table 20 North America: Market Size By Service, 2016–2023 (USD Million)
Table 21 North America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 22 North America: Market Size By Application Area, 2016–2023 (USD Million)
Table 23 North America: Market Size By Country, 2016–2023 (USD Million)
Table 24 Europe: Cloud POS Market Size, By Component, 2016–2023 (USD Million)
Table 25 Europe: Market Size By Service, 2016–2023 (USD Million)
Table 26 Europe: Market Size By Organization Size, 2016–2023 (USD Million)
Table 27 Europe: Market Size By Application Area, 2016–2023 (USD Million)
Table 28 Europe: Market Size By Country, 2016–2023 (USD Million)
Table 29 Asia Pacific: Cloud POS Market Size, By Component, 2016–2023 (USD Million)
Table 30 Asia Pacific: Market Size By Service, 2016–2023 (USD Million)
Table 31 Asia Pacific: Market Size By Organization Size, 2016–2023 (USD Million)
Table 32 Asia Pacific: Market Size By Application Area, 2016–2023 (USD Million)
Table 33 Asia Pacific: Market Size By Country, 2016–2023 (USD Million)
Table 34 Middle East and Africa: Cloud POS Market Size, By Component, 2016–2023 (USD Million)
Table 35 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 36 Middle East and Africa: Market Size By Organization Size, 2016–2023 (USD Million)
Table 37 Middle East and Africa: Market Size By Application Area, 2016–2023 (USD Million)
Table 38 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 39 Latin America: Cloud POS Market Size, By Component, 2016–2023 (USD Million)
Table 40 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 41 Latin America: Market Size By Organization Size, 2016–2023 (USD Million)
Table 42 Latin America: Market Size By Application Area, 2016–2023 (USD Million)
Table 43 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 44 New Product Launches/Product Upgradations, 2018
Table 45 Partnerships, Agreements, and Collaborations, 2018
Table 46 Mergers and Acquisitions, 2018


List of Figures (33 Figures)

Figure 1 Global Cloud POS Market Segmentation
Figure 2 Cloud POS Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Asia Pacific is Estimated to Account for the Largest Market Share in 2018
Figure 8 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 9 Media and Entertainment Application Area is Expected to Register the Highest CAGR During the Forecast Period
Figure 10 Increased Business Mobility and Flexibility is Expected to Fuel the Growth of the Cloud POS Market During the Forecast Period
Figure 11 Retail and Consumer Goods Application Area and Asia Pacific are Estimated to Account for the Largest Market Shares in 2018
Figure 12 Cloud POS Market is Expected to Register Immense Growth Opportunities in Asia Pacific
Figure 13 Cloud POS Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 15 Support and Maintenance Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 16 Small and Medium-Sized Enterprises Segment is Expected to Register A Higher CAGR During the Forecast Period
Figure 17 Media and Entertainment Application Area is Expected to Register the Highest CAGR During the Forecast Period
Figure 18 Asia Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Key Developments By the Leading Players in the Cloud POS Market During 2016–2018
Figure 22 Geographic Revenue Mix of the Top Market Players
Figure 23 Square, Inc.: Company Snapshot
Figure 24 Square, Inc.: SWOT Analysis
Figure 25 Cegid: Company Snapshot
Figure 26 PAR Technology: Company Snapshot
Figure 27 PAR Technology: SWOT Analysis
Figure 28 Shopify: Company Snapshot
Figure 29 Shopify: SWOT Analysis
Figure 30 Intuit: Company Snapshot
Figure 31 Intuit: SWOT Analysis
Figure 32 Oracle: Company Snapshot
Figure 33 Oracle: SWOT Analysis

The global cloud POS market is expected to grow from USD 1.34 billion in 2018 to USD 3.73 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 22.7% during the forecast period. Cloud POS solutions help enterprises in enhancing and handling a wide range of payment options. They are a vital tool in ringing up sales. They also help in pricing, marketing, inventory control, accounting, customer service, property management, digital signage, and security applications. These solutions help companies save on the total cost of ownership, deployment time, and addressing complexities by providing a simplified management solution and eliminating the need for on-premises deployments.

The report provides detailed insights into the cloud POS market by regions, segments, and application areas. The market by component has solution and services segments. The services considered for the market include training, consulting and integration, and support and maintenance.

The application areas considered for the cloud POS market include retail and consumer goods, travel and hospitality, transportation and logistics, media and entertainment, and healthcare. The retail and consumer goods application area is expected to hold the largest market size, as it provides unified experience, real-time data and omnichannel execution to the user. Growing investments in cloud technologies across the world and increasing number of non-cash transactions are further driving the demand for cloud POS solutions and fueling the growth of the cloud POS market.

Cloud POS Market

The report covers all the major aspects of the cloud POS market and provides an in-depth analysis across the 5 major regions of North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. APAC is expected to hold the largest market size in the global cloud POS market and to grow at the highest CAGR during the forecast period, owing to the presence of major vendors and increasing adoption of associated services. The region will provide several opportunities to vendors in the cloud POS market. Skepticism regarding cloud-based offerings may restrain the market growth.

In developing countries, consumers are mostly unaware of the wireless payment technologies, while in developed countries, they avoid using wireless payment cards due to the concerns over security. This is a major challenge for the growth of the cloud POS market.

Various vendors provide cloud POS to help their clients reduce their Capital Expenditure (CAPEX). Square Inc. is one of the leading providers of cloud POS solutions for enterprises. Square Inc. has been following various organic as well as inorganic business strategies, such as mergers and acquisitions, new product launches, and product enhancements, with various industry leaders. Other vendors in the cloud POS market include Cegid (France), UTC RETAIL (US), Shop Keep (US), PAR Technology (US), Shopify (Canada), B2B Soft (US), Intuit (US), Lightspeed (Canada), Oracle (US), SalonTarget (US), RetailOps (US), Celerant Technology (US), TouchSuite (US), Clover (US), Revel systems (US), ERPLY (US), Omnico Group (UK), Diaspark (US), Teamwork Retail (US), Jesta I.S.(Canada), One Step Retail Solutions (US), Phorest(Ireland), Poster POS (Poland), and iiko(Russia). They market players have adopted various growth strategies, such as partnerships, collaborations, and expansions, to remain competitive in the market.

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