Market Highlights: Cloud-based point of sale refer as 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 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 datacentre of someone elseís. The network availability is wireless, so there isnít any need to connect everything with wires. It is less expensive, and convenient because merchants can access customer data from anywhere though an Internet connection The market study is being classified, by Application (Retail and Consumer Goods, Travel and Hospitality, Media and Entertainment, Transportation and Logistics and Healthcare) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Cloud POS are Square Inc (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), Celerant Technology (United States), TouchSuite (United States), Clover (United States), Revel Systems (United States) and ERPLY (United States).
Major Market Development Highlights Square, Inc. has entered into a definitive agreement to acquire Weebly. Square and Weebly will give sellers one cohesive solution to start or grow an omnichannel business Square, Inc. announced the launch of Square Card, a free business debit Mastercard that helps businesses manage their cash flow by eliminating the time between making a sale and having the funds available to spend
Key Questions Answered in the Report What will the Cloud POS Market size and the growth rate be in Future? What are the key factors driving the Cloud POS Market? What are the key market trends and macro-economic impacting the growth of the Cloud POS Market? What are the challenges to market growth? Who are the key vendors in the Cloud POS Market? What are the market opportunities and threats faced by the vendors in the Cloud POS Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Cloud POS Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cloud POS market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cloud POS market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cloud POS providers, Market operators, Financial institutions, Merchants and merchant acquirers, Technology providers, Mobile network operators, Credit/debit card providers, Cloud solution providers, Security service providers, Professional and managed service providers, System integrators and Technology consultants. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.