What is Cloud-based POS Systems Market Scope?
A point-of-sale (POS) system is a computerized replacement for a cash register. The system has the ability to record and process customer orders, process credit and debit card swipes, and manage inventory. Generally, a POS system features a pc as its core, which is given specialized Input/output devices and application specific programs. At the POS, merchants calculate the quantity of purchase by customers and prepare invoices. The purpose where customers make payments for the products they need purchased. After the payment is completed, customers are issued printed receipts of the transaction. Cloud-based POS allows for more flexibility, enhanced information management, and greater data security.
The Cloud-based POS Systems market study is being classified, by Application (Retail and Consumer Goods, Travel and Hospitality, BSFI, Transportation and Logistics, Healthcare and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Cloud-based POS Systems market throughout the predicted period.
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), ERPLY (United States), Omnico Group (United Kingdom), Diaspark (United States) and Jesta I.S. (Canada) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are One Step Retail Solutions (United States), Phorest (Ireland) and Iiko (United Arab Emirates).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Cloud-based POS Systems market by Type, Application and Region.
On the basis of geography, the market of Cloud-based POS Systems has been segmented into 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).
Influencing Market Trend
- Upgraded Service Delivery from Various Industries
Market Drivers
- Improved Business Mobility and Flexibility
- Efficient Management of POS Terminals across Multiple Locations
Opportunities
- Rising Demand for Ecommerce Transactions in Retail and Consumer Goods Applications
- Growing Cashless Transactions in Different Countries
Restraints
- Uncertainty Regarding Cloud-Based Offerings
Challenges
- Lack of Standardization and Awareness
Key Target Audience
Government Associations, Research Organizations, Software Vendors and Others
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