Cloud Point of Sale (POS) Market Size Outlook, Share Value, Growth Drivers and Industry Forecast to 2027
Cloud Point of Sale (POS) Market share Scenario:
The cloud POS market
2020 had clinched a valuation of USD 1,046.0 million in 2021 and is all set to
touch a valuation of USD 4,226.3 Million by 2027, confirms Market Research
Future (MRFR). The market expansion rate can be 21.4% between 2021 and 2027
(assessment period), estimates MRFR. We will provide covid-19 impact analysis
with the report, offering an in-depth appraisal of the market following the
coronavirus disease outbreak.
Considering the long term and short term impact of the novel corona
virus, the entertainment industry has been noted as the biggest gainer since
the inception of the lockdown period. The shutting down of movie theatres has
steered people towards alternatives like Amazon Prime Video and Netflix, with a
significant jump in app downloads across regions. Since cloud-based point of
sale offers high flexibility while maintaining data as well as applications on
central remote servers, the current lockdown scenario further boosts its demand
in the SARS-CoV-2 era.
The Cloud Point of Sale (POS) Market share is enduring an exacting
period with its robust growth coming to an abrupt halt in light of the COVID-19
pandemic. MRFR report on the Cloud Point of Sale (POS) Market share highlights
the future prediction and the growth alternatives that can be created.
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Segmentation:
· The cloud Cloud Point of Sale
(POS) Market has been considered for component, organization size as well as
end user.
· The components included in the
research are solutions and services. The types of services described in the
report include consulting services, support and training services and implementing
and integration services.
· The size range of the
organizations that deploy cloud POS are small & medium-sized enterprises
(SMEs) as well as large enterprises. Since cloud POS is quite affordable, it is
a sought-after commodity in SMEs and therefore observes an impressive demand.
·
The notable end users in the worldwide market
are travel and hospitality, retail and e-commerce, transport and logistics,
healthcare, and more.
Regional
Analysis:
The cloud POS
industry is spread across the primary regions of Europe, South America, North
America, MEA or the Middle East and Africa and APAC or Asia Pacific.
In 2018, the
most bankable market for cloud POS belonged to North America, with Europe, APAC
and MEA trailing behind. The United States (US) is the top-performing market in
the region, on account of the extensive cloud infrastructure and the vendors
constantly indulging in partnership programs with IT giants in a bid to offer
high-end cloud POS solutions to cater to higher number of end users.
However, it is
APAC that can emerge as the fastest expanding market for cloud Cloud Point of
Sale (POS) Market over the appraisal period. The thriving e-commerce sector in
India and China such as Flipkart, Snapdeal and Alibaba, along with the surge in
digital transactions using cards has bolstered the growth of the cloud Cloud
Point of Sale (POS) Market in the region. The significantly expanding customer
base as a result of the rising number of SMEs, combined with the reduction in
total cost of ownership can lead to better business growth in the ensuing
period. The flourishing retail industry coupled with the improving
infrastructures across the region also adds to the industry’s strength.
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Table
of Contents:
1
Executive Summary
2
Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.3 Market Structure
3
Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
3.6 List Of Assumptions
Continued….
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