The global Cloud POS market size was US$ 2.6 billion in 2021. The global Cloud POS market is forecast to grow to US$ 14.3 billion by 2030 by growing at a compound annual growth rate (CAGR) of 21.5 % during the forecast period from 2022 to 2030.

Cloud-based point-of-sale is also known as cloud-based POS. It is a process in which information for transaction process comes through a remote cloud service.

Factors Influencing the Market

The rising demand for improving workplace productivity will boost the growth of the global Cloud POS market. In addition, retailers need a reliable Point of Sale system to increase sales revenue, maintain records, and offer excellent customer service. Thus, cloud-based and web-based POS systems are forecast to grow in popularity in the coming years.

Cloud POS systems enable employees and managers to efficiently monitor and control the business sales numbers. In addition to that, cloud POS systems allow decision-makers to adjust costs according to varying demands from the consumers. Thus, such benefits of the system will upsurge its demand during the analysis period.

The rapidly growing retail industry and rising inclination towards online services will escalate the growth of the global cloud POS market throughout the forecast period.

Privacy and data security concerns may limit the growth of the global cloud POS market. On the contrary, the rising adoption of cloud-based systems in small and medium-level enterprises will benefit the market during the study period.

COVID-19 Impact Analysis

The widespread COVID pandemic forced retail stores and restaurants to remain closed for in-person services. As a result, business owners and management staff were more dependent on deliveries and online orders. Thus, it has been beneficial for the global cloud POS market. The stringent restrictions due to the COVID-19 pandemic and the rapidly growing terror of the pandemic have been beneficial for online retail platforms. Various retailers developed websites and inked collaborations in order to cater to the demands of the audience. Furthermore, the rising popularity of online payments and encouragement by governments and local authorities has been opportunistic for the cloud POS market.

Regional Analysis

The Asia-Pacific cloud POS market is forecast to emerge as the largest market. It is owing to the ever-increasing competition among the e-commerce platforms to attract more customers. In addition, the rising adoption of innovative solutions will drive the cloud POS market forward. Cloud POS solutions help retailers manage records, increase customer loyalty, boost sales, and optimize their business processes efficiently. The growing awareness about these benefits of cloud POS will prompt its demand in the region. Furthermore, the fast-growing retail industry and new infrastructure will upsurge the demand for cloud-based POS services during the study period.

Competitors in the Market

Cegid
UTC Retail
Square, Inc.
Shopkeep
Shopify
B2B Soft
PAR Technology
Intuit
Lightspeed
Oracle
Other Prominent Players
Market Segmentation

The global Cloud POS market segmentation focuses on Component, Service, Organization, Application, and Region.

By Component Outlook

Solution
Services
By Services Outlook

Implementation and Integration
Training and Consulting
Support and maintenance
By Organization Size Outlook

SME
Large Enterprise
By Application Outlook

Retail and Consumer Goods
Travel and Hospitality
Media and Entertainment
Transport and Logistics
Healthcare
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America