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$3.7 Billion Cloud POS Market - Global Forecast to 2023: Market to Grow at a CAGR of 22.7%

/EIN News/ -- Dublin, Oct. 10, 2018 (GLOBE NEWSWIRE) -- The "Cloud POS Market by Component, Organization Size, Application Area (Retail and Consumer Goods, Travel and Hospitality, Transportation and Logistics, Media and Entertainment, and Healthcare), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The global cloud POS market size to grow from USD 1.34 billion in 2018 to USD 3.73 billion by 2023, at a CAGR of 22.7% during the forecast period.

A fully featured cloud POS system helps enterprises in inventory tracking, analytics, sales monitoring and reporting, employee management, customer data management, mobile connectivity, and robust integrations. Concerns over security for cloud-based offerings may restrain the market growth.

The training, consulting, and integration services include offering expert advisory services on queries related to cloud POS. Integration and software deployment services play an important role in the cloud POS market by providing custom product development. Moreover, support and maintenance services include ongoing customer support, feature enhancements, and software upgrades and technical improvements for the existing cloud POS software.

Modern retail POS systems provide unified experience, real-time data, and omnichannel execution to users. They allow the user to associate with the technology and give real-time inventory visibility, history of purchases and online browsing, and thus allowing the user to increase the basket size and same store sales. It is expected that cloud-based POS will continue to proliferate in many industries replacing old cash registers with mobile devices running on cloud-based POS.

APAC is estimated to hold the largest market size in the global cloud POS market in 2018, and the trend is expected to continue during the forecast period. Rapidly expanding customer base owing to increasing prominence of SMEs and the reduction in total cost of ownership is expected to drive the cloud POS market in APAC.

The booming retail sector and emerging infrastructures in the region would further facilitate the growth of the cloud POS market in APAC. Moreover, the economic growth in APAC is attracting more investments from the cloud POS vendors. APAC is a potential market for significant growth for cloud POS vendors. Hence, many companies are expanding their reach in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in the Cloud POS Market
4.2 Cloud POS Market, Top 3 Application Areas and Regions
4.3 Life Cycle Analysis, By Region

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increased Business Mobility and Flexibility
5.2.1.2 Efficient Management of POS Terminals Across Multiple Locations
5.2.1.3 Improved Service Delivery
5.2.2 Restraints
5.2.2.1 Skepticism Regarding Cloud-Based Offerings
5.2.3 Opportunities
5.2.3.1 Growing Demand for E-commerce Transactions in Retail and Consumer Goods Applications
5.2.3.2 Increase in Cashless Transactions in Different Countries
5.2.4 Challenges
5.2.4.1 Lack of Standardization and Awareness
5.3 Technology Trends and Standards
5.3.1 Introduction
5.3.2 Standards and Guidelines for Cloud POS Market
5.3.2.1 Payment Card Industry Data Security Standard (PCI DSS)
5.3.2.2 Health Insurance Portability and Accountability Act (HIPAA)
5.3.2.3 Federal Information Security Management Act (FISMA)
5.3.2.4 PCI Pin Transaction Security (PCI PTS) Requirements
5.3.2.5 International Organization for Standardization (Iso) 10536
5.3.2.6 Iso 14443
5.3.2.7 Distributed Management Task Force (Dmtf) Standards
5.3.2.8 Organization for the Advancement of Structured Information Standards (OASIS)

6 Cloud POS Market, By Component
6.1 Introduction

7 Market By Service
7.1 Introduction
7.2 Training, Consulting, and Integration
7.3 Support and Maintenance

8 Cloud POS Market, By Organization Size
8.1 Introduction
8.2 Small and Medium-Sized Enterprises
8.3 Large Enterprises

9 Market By Application Area
9.1 Introduction
9.2 Retail and Consumer Goods
9.2.1 Inventory Management
9.2.2 Cash Management and Checkout
9.2.3 Labour Scheduling
9.2.4 Shelf Space Management
9.2.5 Scale Management
9.3 Travel and Hospitality
9.3.1 Restaurant and Table Management
9.3.2 Staff Management
9.3.3 Kitchen Management
9.3.4 Reporting
9.4 Media and Entertainment
9.4.1 Cinema Operations Management
9.4.2 In-Theatre Dining Management
9.4.3 Cash Desk Management
9.4.4 Digital Signage Management
9.5 Transportation and Logistics
9.5.1 Vehicle Inventory Management
9.5.2 Operations Management
9.5.3 Warehouse Management
9.5.4 Payroll Management
9.6 Healthcare
9.6.1 Inventory Management
9.6.2 Invoicing
9.6.3 Reporting and Analytics

10 Cloud POS Market, By Region

11 Competitive Landscape
11.1 Overview
11.2 Competitive Scenario
11.2.1 New Product Launches/Product Upgradations
11.2.2 Partnerships, Agreements, and Collaborations
11.2.3 Mergers and Acquisitions

12 Company Profiles
12.1 Introduction
12.2 Square, Inc.
12.3 Cegid
12.4 UTC Retail
12.5 Shopkeep
12.6 PAR Technology
12.7 Shopify
12.8 B2B Soft
12.9 Intuit
12.10 Lightspeed
12.11 Oracle
12.12 Salontarget
12.13 Retailops
12.14 Celerant Technology
12.15 Touchsuite
12.16 Clover
12.17 Revel Systems
12.18 Erply
12.19 Omnico Group
12.20 Diaspark
12.21 Teamwork Retail
12.22 Jesta I.S.
12.23 One Stop Retail Solutions
12.24 Phorest
12.25 POSter POS
12.26 Iiko

For more information about this report visit https://www.researchandmarkets.com/research/6j7t8g/3_7_billion?w=12

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