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 connectionAccording to AMA, the market for Cloud POS is expected to register a CAGR of 21.4% during the forecast period to 2024. This growth is primarily driven by Growing in the mobility and flexibility of business, Efficient management of POS terminals across the multiple locations and Improvement in the delivering services.
Globally, a noticeable market trend is evident Growing in the cashless transactions in several countries. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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
- Growing in the mobility and flexibility of business
- Efficient management of POS terminals across the multiple locations
- Improvement in the delivering services
- Growing in the cashless transactions in several countries
- Skepticism regarding cloud-based offerings
Growing demand for e-commerce transactions in retail and consumer goods applications
Lack of standardisation and awareness
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization of the Report:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase