Cloud POS Market is anticipated to grow up to USD 11.4 Billion by 2032 | Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus
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New York, The Global Cloud POS Market was valued at USD 2.6 Billion in 2022 and it is anticipated to grow up to USD 11.4 Billion by 2032, at a CAGR of 16.0% during the forecast period.
Global Cloud POS Market report from Global Insight Services is the single authoritative source of intelligence on Cloud POS Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Cloud POS refers to a point of sale system that is based on the cloud. This means that all of the data and applications associated with the POS system are stored on a remote server, and accessed via the internet. There are a number of benefits to using a cloud POS system, including the fact that it can be accessed from anywhere, and is much more scalable than a traditional POS system.
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Market Trends and Drivers
The surge in the utilization of online food delivery services is likely to drive the industry growth. For instance, in December 2021, Zomato Ltd. confirmed a gross merchandise value of around USD 13.5 million compared to approximately USD 10.1 million on the exact date last year. To ensure strong business growth, the market players are implementing cloud POS solutions to gain operational scalability and flexibility offered by cloud computing technology. The rising implementation of cloud POS solutions that enable to link online orders, financial transactions, and inventory efficiently will fuel the market demand.
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Global Cloud POS Market Segmentation
By Organization Size
SMEs
Large Enterprises
By Component
Software
Maintenance & Support
Consulting & Training
By Application
Retail & E-Commerce
Restaurant
Hospitality
Transportation & Logistics
Entertainment & Media
Healthcare
Others
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Major Players in the Global Cloud POS Market
The key players in the Cloud POS market Amazon Web Services, Inc., Broadcom, Dell Technologies, Inc., Google LLC, Hewlett Packard Enterprise Development LP, IBM Corporation, Micro focus, Microsoft Corporation, Oracle Corporation, and Rackspace Technology. among others.
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