Cloud POS Market Likely to Boost in Future: PAR Technology, Square, Cegid, B2B Soft, Shopify


Pune, Maharashtra -- (SBWire) -- 09/05/2023 --HTF MI introduces new research on Cloud POS covering the micro level of analysis by competitors and key business segments (2023-2029). The Cloud POS explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled in the study are Square (United States), Cegid (France), UTC RETAIL (United States), Shop Keep (United States), PAR Technology (United States), Shopify (Canada), B2B Soft (United States), Intuit (United States), Lightspeed (Canada), Oracle (United States), SalonTarget (United States), RetailOps (United States).

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According to HTF Market Intelligence, the Global Cloud POS market to witness a CAGR of 23.60% during the forecast period of 2023-2029. The market is segmented by Application (Retail and Consumer Goods, Travel and Hospitality, Media and Entertainment, Transportation and Logistics, Healthcare) by Component (Solution, Services (Training, Consulting, Integration, Support, and Maintenance)) by Organization Size (Small and Medium-Sized Enterprises, Large Enterprises) and by Geography (North America, South America, Europe, Asia Pacific, MEA).

Cloud-based point of sale refers to the systems to process and store sales data online which is opposed to locally on the own computer or on-premise server. This one is the newest trend in software of point of sale, and it is quickly growing its popularity. This system can be accessed through the internet directly and it is mostly compatible with most of the POS hardware such as cash drawers, printers, etc. Cloud POS totally eliminates the need for a server and moves the traffic flow to the center of someone else. The network availability is wireless, so there isn’t no need to connect everything with wires. It is less expensive, and convenient because merchants can access customer data from anywhere through an Internet connection

Market Trends:
- Growing in cashless transactions in several countries

Market Drivers:
- Growing in the mobility and flexibility of business
- Efficient management of POS terminals across multiple locations
- Improvement in the delivery services

Market Opportunities:
- Growing demand for e-commerce transactions in retail and consumer goods applications

Highlighted of Cloud POS Market Segments and Sub-Segment:
Cloud POS Market by Key Players: Square Inc (United States), Cegid (France), UTC RETAIL (United States), ShopKeep (United States), PAR Technology (United States), Shopify (Canada), B2B Soft (United States), Intuit (United States), Lightspeed (Canada), Oracle (United States), SalonTarget (United States), RetailOps (United States)

Cloud POS Market by End-User/Application: Retail and Consumer Goods, Travel and Hospitality, Media and Entertainment, Transportation and Logistics, Healthcare

Cloud POS Market by Geographical Analysis:
- APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
- North America (U.S., Canada, and Mexico)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Saudi Arabia, UAE, South Africa)

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The study is a source of reliable data on Market segments and sub-segments, Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological innovations Value chain, and investor analysis.

Interpretative Tools in the Market: The report integrates the entirely examined and evaluated information of the prominent players and their position in the market by methods for various descriptive tools. The methodical tools including SWOT analysis, Porter's five forces analysis, and investment return examination were used while breaking down the development of the key players performing in the market.

Key Growths in the Market: This section of the report incorporates the essential enhancements of the marker that contains assertions, coordinated efforts, R&D, new item dispatch, joint ventures, and associations of leading participants working in the market.

Key Points in the Market: The key features of this Cloud POS market report includes production, production rate, revenue, price, cost, market share, capacity, capacity utilization rate, import/export, supply/demand, and gross margin. Key market dynamics plus market segments and sub-segments are covered.

Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.

In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
- Political (Political policy and stability as well as trade, fiscal, and taxation policies)
- Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
- Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
- Technological (Changes in digital or mobile technology, automation, research, and development)
- Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
- Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

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Nidhi Bhawsar
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HTF Market Intelligence Consulting Private Limited

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