Cloud-based POS System Market
Global Cloud-based POS System Market Size, Share & Trends Analysis Report, By Component (Solution and Service), By Vertical (Retail and Consumer Goods, Travel and Hospitality, Healthcare, Entertainment, and Others), By Organization Size (Large and Small and Medium Enterprise) and Forecast, 2019-2025
The global cloud-based point-of-sale (POS) system market is expected to grow at a CAGR of more than 10.0% during the forecast period. The major factors contributing to the growth of the market include the increasing number of organized retail stores and the expansion of e-commerce industry. As per the United Nations Conference on Trade and Development (UNCTAD), in 2017, the global e-commerce sales grew 13%, hitting an estimated $29 trillion. Apart from a large number of internet buyers bought products from domestic vendors, the share of consumers buying products from abroad increased from 15% in 2015 to 21% in 2017.
As a result, the cross-border business-to-consumer (B2C) sales reached an estimated $412 billion in 2017, which is accounted for nearly 11% of total B2C e-commerce, a 4% hike as compared to 2016. The top ten countries by B2C e-commerce sales include China, the US, UK, and Japan with nearly $1,062 billion, $753 billion, $206 billion, and $147 billion, respectively. The major e-commerce companies include Amazon, Inc., Alibaba Group Holding Ltd., and eBay Inc. This shows increasing e-commerce transactions, which in turn, drives the adoption of cloud-based POS systems.
Cloud-based POS systems are considered as less costly and convenient as it allows merchants to access data of customers from any place through the internet connection, which makes it ideal for retail and e-commerce store. A centralized inventory system with e-commerce and POS integration enables to make everyday tasks of retail businesses easier. It can be integrated with online and offline stores, including physical store, Shopify, Amazon, and eBay and management of product variation become easier with the Stock Keeping Unit (SKU) generator. Therefore, cloud-based POS supports to automatically adjust retail and e-commerce inventory.
Market Segmentation
The global cloud-based POS system market is segmented based on component, vertical, and organization size. Based on the component, the market is segmented into solution and service. Based on vertical, the market is classified into retail and consumer goods, travel and hospitality, healthcare, entertainment, and others. Based on organization size, the market is classified into large and small and medium enterprises.
Based on organization size, small and medium enterprises are anticipated to witness significant growth during the forecast period
Rising demand for cloud-based solutions in small and medium enterprises owing to features, including cost-effectiveness and user-friendliness to drive the demand for cloud-based POS systems. Cloud-based POS system has a user-friendly dashboard with built-in payment processing and marketing tools that supports to manage online directory listings of small businesses, including small specialty shops and hotels. In addition, it offers a comprehensive and back-office reporting app for 24/7 support. There are several companies focusing on developing cloud-based POS systems for small businesses, which include Square, Inc., Lightspeed POS, Inc., ShopKeep Inc., and Vend Ltd.
Global Cloud-based POS System Market Share by Organization Size, 2018 (%)
Regional Outlook
The global cloud-based POS system market is classified into North America, Europe, Asia-Pacific, and Rest of the World. North American POS terminals market is estimated to hold the prominent share in the market owing to the increasing number of payment technologies such as NFC and contactless payments. Furthermore, Asia-Pacific is estimated to witness significant growth in the market owing to a decrease in the total cost of ownership that results in enabling the growth in demand for cloud-based POS solution in the small and medium business. Moreover, rapid urbanization and development of industries such as healthcare, retail and hospitality will further fuel the growth of the market in the Asia-Pacific region.
Global Cloud-based POS System Market Growth, by Region 2019-2025
Market Players Outlook
Some crucial players in the market include Square, Inc., ShopKeep Inc., TouchSuite, Epos Now LLC, Cegid Group, and Lightspeed POS Inc. These companies are adopting several strategies, including mergers and acquisitions, product launches, and partnerships and collaborations, to expand market share and gain a competitive advantage. For instance, in July 2018, TouchSuite declared the acquisition of all the assets of dba Alpine Payment Systems with a newly formed subsidiary. Alpine was established in 2007, is a provider of merchant payment solutions that serves retail, restaurant, and hospitality verticals. With the acquisition of Alpine, TouchSuite will expand its presence in the western US, offering further support and resources for merchants. Alpine and TouchSuite have developed a growth strategy and commenced the recruitment of some talented workforce. With the use of TouchSuite’s range of technology products, expertise, potential capital base in the payments sector, Alpine is expected to expand rapidly in the future.
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global cloud-based POS system market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
4. Market Determinants
4.1 Motivators
4.2 Restraints
4.3 Opportunities
5. Market Segmentation
5.1. Global Cloud-based POS System Market by Component
5.1.1. Solution
5.1.2. Service
5.2. Global Cloud-based POS System Market by Vertical
5.2.1. Retail and Consumer Goods
5.2.2. Travel and Hospitality
5.2.3. Healthcare
5.2.4. Entertainment
5.2.5. Others (Transportation and Logistics)
5.3. Global Cloud-based POS System Market by Organization Size
5.3.1. Large
5.3.2. Small and Medium Enterprises
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. BTB Soft Inc.
7.2. Cegid Group
7.3. Celerant Technology Corp.
7.4. Epos Now LLC
7.5. Epson America, Inc.
7.6. Erply
7.7. Intuit Inc.
7.8. Lightspeed POS Inc.
7.9. NCR Corp.
7.10. Oracle Corp.
7.11. ParTech, Inc.
7.12. RetailOps
7.13. Revel Systems, Inc.
7.14. SalonTarget
7.15. Shift4 Payments, LLC
7.16. Shopify Inc.
7.17. ShopKeep Inc.
7.18. ShopKeep Inc.
7.19. Square, Inc.
7.20. TouchSuite
7.21. UTC Retail
7.22. Vend Ltd.
1. GLOBAL CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
2. GLOBAL CLOUD-BASED POS SOLUTION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL CLOUD-BASED POS SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
5. GLOBAL CLOUD-BASED POS SYSTEM IN RETAIL AND CONSUMER GOODS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL CLOUD-BASED POS SYSTEM IN TRAVEL AND HOSPITALITY MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL CLOUD-BASED POS SYSTEM IN HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
8. GLOBAL CLOUD-BASED POS SYSTEM IN ENTERTAINMENT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
9. GLOBAL CLOUD-BASED POS SYSTEM IN OTHER VERTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2018-2025 ($ MILLION)
11. GLOBAL CLOUD-BASED POS SYSTEM IN LARGE ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL CLOUD-BASED POS SYSTEM IN SMALL AND MEDIUM ENTERPRISES MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
14. NORTH AMERICAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
15. NORTH AMERICAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
16. NORTH AMERICAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
17. NORTH AMERICAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2018-2025 ($ MILLION)
18. EUROPEAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
19. EUROPEAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
20. EUROPEAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
21. EUROPEAN CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
24. ASIA-PACIFIC CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
25. ASIA-PACIFIC CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2018-2025 ($ MILLION)
26. REST OF THE WORLD CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2018-2025 ($ MILLION)
27. REST OF THE WORLD CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY VERTICAL, 2018-2025 ($ MILLION)
28. REST OF THE WORLD CLOUD-BASED POS SYSTEM MARKET RESEARCH AND ANALYSIS BY ORGANIZATION SIZE, 2018-2025 ($ MILLION)
1. GLOBAL CLOUD-BASED POS SYSTEM MARKET SHARE BY COMPONENT, 2018 VS 2025 (%)
2. GLOBAL CLOUD-BASED POS SYSTEM MARKET SHARE BY VERTICAL, 2018 VS 2025 (%)
3. GLOBAL CLOUD-BASED POS SYSTEM MARKET SHARE BY ORGANIZATION SIZE, 2018 VS 2025 (%)
4. GLOBAL CLOUD-BASED POS SYSTEM MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
5. US CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
6. CANADA CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
7. UK CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
8. FRANCE CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
9. GERMANY CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
10. ITALY CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
11. SPAIN CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
12. ROE CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
13. INDIA CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
14. CHINA CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
15. JAPAN CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF ASIA-PACIFIC CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
17. REST OF THE WORLD CLOUD-BASED POS SYSTEM MARKET SIZE, 2018-2025 ($ MILLION)
