Cloud POS Terminals Market Size, Share & Trends Analysis 2020-2027

Cloud POS Terminals Market Size, Share & Trends Analysis 2020-2027

Cloud POS Terminals market size, share & trends analysis by Component (Solution, Services), Service (Training, Consulting & Integration, Support & Maintenance) by Organization Size (SMEs, Large Enterprise), by Application (Retail and Consumer Goods, Travel & Hospitality, Media & Entertainment, Transport & Logistics, Healthcare) and regional analysis report 2020-2027

Cloud POS Terminals Industry Overview

Global Cloud POS terminals market was valued at USD 1.98 billion in 2019 and it is anticipated to reach USD 5.52 billion by 2027, growing at a CAGR of 19.7% from 2020 to 2027. This exponential growth can be attributed to the increasing adoption of cloud services in retail and hospitality segments and the growing adoption of smartphones in developing countries.

There are several companies that offer cloud-based restaurant management Solutions for small and medium restaurants, solutions are affordable and it is easy to use in any tablet or mobile phone, and comes with an inbuilt payment solution, therefore, many fast-food restaurants and small restaurants are referring to install such cloud-based point-of-sale terminal systems. The growing trend of online payments and usage of credit and debit cards anticipated boosting the market growth further.

The cloud POS solutions have advanced tremendously in the last few years in terms of technology, these solutions have become more handy, manageable and are using advanced technologies such as Artificial Intelligence and machine learning to provide the best user experience. Cloud POS software also comes with inbuilt accounting management it and sales management software that helps the user in managing their complete business using a single unified platform. There are a few solutions that also offer advanced functions such as online marketing, consumer behavior analysis, and advertisement through their platforms. Due to all such developments, the cloud POS terminals market holds great potential in the upcoming few years.


Cloud POS Terminals Market Overview 2020-2027

Component Overview

By component type, the market has been segmented into solutions and services. The solution segment accounted for greater than 60% market share in 2019, the segment comprises cloud POS software, hardware, and supportive accessories which accounts for most of the cost incurred in the installation of the systems. The cloud POS software can be purchased with a one-time fee or a recurring monthly/quarterly/annual fee. There are several companies that offer their software free of cost and charges for the additional services opted by the customer payment gateway, accounting software, payroll management, staff management, and other related services.

The services segment comprises various services offered at such as integration with existing POS systems, training, consulting, support, and maintenance services. The services segment is growing at a moderate pace, these services are required only in case of large-scale deployment whereas in the case of small and medium enterprises the solution provider offers all the services free of cost.

Service Overview

On the basis of the type of service provided the market has been segmented into training, consulting & integration, and support & maintenance. The Consulting and integration segment accounted for the largest Market share in 2019, Cloud POS terminals, being a new technology required consulting and integration services in order to deploy them on large scale for companies with hundreds and thousands of branches.

 Support and Maintenance Services segment is expected to grow at a high growth rate between 2020 to 2027, as several companies are planning to transfer their on-premise POS systems to cloud POS systems. The training service segment is expected to grow at a moderate pace over the forecast period as most of the cloud POS solution companies offer a platform to train the buyers about using the solutions.

Cloud POS Terminals Market Share Analysis, By Display Type, 2019

Organization Size Overview

On the basis of organization size, the market has been segmented into small-medium enterprises and large enterprises. The small and medium enterprises segment accounted for the largest Market share in the cloud point of sale terminals market 2019, as most of the small and medium enterprise customers are moving towards cloud solutions for managing their business. Moreover, there are several companies offering cloud-based solutions targeted towards small and medium enterprises. Improvement in internet connectivity in many parts of the world has substantially increased the adoption of cloud-based software worldwide.

The large organization segment is anticipated to grow at a higher cagr in the upcoming few years as most of the companies offering franchise models are looking forward to adopting a cloud POS system in order to better control their business remotely.

Application Overview

Based on the application type segmented into retail and consumer goods, travel and hospitality, media and entertainment, transport and logistics, and healthcare. Retail and consumer goods segment accounted for the largest market size for cloud POS in 2019, increasing online transactions, card payments E-Commerce services increase the demand for cloud-based solutions.

Cloud-based POS solutions are used in media and entertainment segments for or services such as online ticket selling, show bookings, and food orders in places such as theatres, cinema halls, and amusement parks among others. Transport and logistics segment is expected to is the fastest-growing segment by 2027, as services such as car-sharing, ride-hailing are growing exponentially worldwide.

Cloud POS Terminals Market, Regional Analysis, 2019

Regional Overview

Asia Pacific for cloud POS Terminal market is expected to emerge as the fastest-growing market between 2020 to 2027, the growing per capita income, smartphone penetration, E-Commerce sales and growth in retail and Hospitality sectors are some of the key factors driving the regional market growth.

North America is the largest market for cloud POS solutions, and it is expected to grow at a moderate growth rate over the forecast period. Retail and Hospitality segments account for the largest share in the U.S. cloud POS terminal market. There is growing adoption of cloud POS solutions in the Middle East region as The E-Commerce services in the region are growing at an exponential pace.

Cloud POS terminals market share insights 2019

The cloud market is a highly competitive nature, There are several companies in the market that are offering cloud-based POS software. Companies such as Shopify, Square Inc., ShopKeep, and LightSpeed are among the leading cloud POS terminal vendors worldwide. The company’s focus on strategies such as technological innovation, enhancing User experience subscription-based model to gain a greater market share.

Following are the key cloud POS terminals vendors /manufacturers/ suppliers:

  • Square Incorporation
  • UTC Retail
  • ShopKeeper
  • PAR Technologies
  • Shopify
  • LiteSpeed
  • Oracle Corporation
  • Retail OPS
  • Clover
  • Teamwork Retail
  • OneStop retail solutions
  • Eco-high IQ

Report Details

Attribute Details
Base year for estimation 2019
Actual estimates/Historical data 2017 – 2019
Forecast period 2020 – 2027
Market representation Revenue in USD Billion & CAGR from 2020 to 2027
Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Country scope U.S., Canada, UK, Germany, France, China, India, Japan, South Korea, Taiwan, Brazil, Mexico, UAE, and KSA
Report coverage Market size estimates and forecast, company market share analysis, competitive landscape, market dynamics, drivers, restraints, opportunities & challenges, qualitative analysis and trends
25% free customization scope (equivalent to 9 analysts working days) Do you have any additional requirements? We can incorporate the same at no extra cost.

Market Segmentation

  • Cloud POS Component Insights (Revenue, USD Million, 2017 – 2027)
    • Solution
    • Services
  • Cloud POS Service Insights (Revenue, USD Million, 2017 – 2027)
    • Training, Consulting & Integration
    • Support & Maintenance
  • Cloud POS Organization Size Insights (Revenue, USD Million, 2017 – 2027)
    • SMEs
    • Large Enterprise
  • Cloud POS Application Insights (Revenue, USD Million, 2017 – 2027)
    • Retail and Consumer Goods
    • Travel & Hospitality
    • Media & Entertainment
    • Transport & Logistics
    • Healthcare
  • Cloud POS Regional Insights (Revenue, USD Million, 2017 – 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • UK
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa
      • UAE
      • KSA

About the Report

The study aims at defining, estimating, and forecasting the global cloud POS terminals market based on components, services, organization type, application types, and region. The report is inclusive of qualitative information of the global cloud POS terminal market such as key market dynamics based on components, services, organization type, application types, and region.

The report is inclusive of qualitative information about the global cloud POS terminal market such as key market dynamics including market drivers, restaurants, challenges, and opportunities. The report also includes qualitative analysis of the global cloud POS terminal market such as porter’s analysis, PESTEL analysis, company market share analysis and penetration, and growth prospect mapping including market drivers, restraints, challenges, and opportunities.

The report also covers a total of 5 regions and 12 countries around the world and provides deep insights into the competitive scenario in the global cloud POS terminal market. The competitive landscape section covers detailed company profiles of the top 20 cloud POS terminal manufacturers worldwide.

Research Methodology

We have used a combination of top-down and bottom of research approach to derive the market size for cloud POS terminals market. In the top-down approach, we have derived the global and regional market size by using authenticated data from validated sources such as cloud security alliance, Institute of Electrical and electronic engineers IEEE, and cloud security alliance. These sources help us to derive the regional revenues of key vendors operating in the global cloud US market.

Then we use the bottom of the approach to derive the overall industry size by analyzing the revenues of key vendors operating in the cloud POS terminals market. In the last stage, we interviewed more than 60 key decision-makers from more than 30 cloud POS manufacturers based around the world. The key prospect for the interview includes chief executive officers, directors, vice presidents, and executives. To finally arrive at the concrete market size and trends we implemented the data triangulation technique to complete the overall marketing Engineering process.

Who can use this cloud POS terminals market report?

The report is useful for following key target audience:

  • Cloud POS manufacturers
  • Cloud POS suppliers
  • Cloud POS vendor
  • Technology providers
  • Payment solution provider
  • Professional and managed services provider
  • System integrators
  • Mobile network operators
  • Consultants
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on reddit

Get a tailor-made report suitable to your budget. Connect with us to buy specific chapter, a country level report or just the datasheet of this report.

  • The only company that offer 30 days money back guarantee.
  • World-class data privacy policy.
  • Huge research reports database
  • Trustworthy pre & post sales services
  • Highly secure &  convenient payment options
  • 24*5 Research support service

We offer special discounts to students, NGOs & government agencies. click below to avail the discount.

Contact Us

Wait... Get Your 20% Discount Coupon

Thank You For Visiting Our Website, As A Token Of Appreciation, Here Is Your 20% Off Coupon Valid On Any Report Purchase Within Next 3 Months...Cheers

Read more about our Policy