Global Cloud POS Market to Reach USD 25.2 Billion by 2033, Impelled by Rising Preference for Secured Payment Processing

December 20, 2024 | Technology & Media

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According to the latest report by IMARC Group, titled "Cloud Point of Sale (POS) Market Report by Component (Solutions, Services), Type (Fixed Point of Sale, Mobile Point of Sale), Organization Size (Small and Medium-sized Enterprises, Large Enterprises), Application (Retail and Consumer Goods, Travel and Hospitality, Media and Entertainment, Transport and Logistics, Healthcare), and Region 2025-2033," the global cloud POS market reached a value of USD 5.1 Billion in 2024. Cloud POS refers to a point-of-sale system that is generally used by multiple businesses for managing payment processes via the internet. It involves the utilization of a cloud platform for storing information related to transactions, employees and inventories on a remote server. It is a software as a service (SaaS) solution that is usually based on a subscription basis that provides access to automatic software updates, tech support, staff training, and dedicated account management while offering enhanced encryption security. There has been a considerable increase in the adoption of cloud POS due to rapid digitization across the globe.

Global Cloud POS Market Trends:

The global market is primarily driven by the increasing demand for improved customer service delivery. Coupled with the rising preference for quick and secured payment processing solutions among business owners, this has encouraged multiple firms to heavily invest in the deployment of cloud POS solutions. Along with this, continual technological advancements and the integration of cloud POS with artificial intelligence (AI) and machine learning (ML) for simplifying customer engagement operations are creating a positive market outlook. Moreover, continuous improvements in the e-commerce sector and the advent of online delivery models have further propelled the demand for cloud POS. In line with this, the escalating preference for a contactless shopping experience due to the enhanced convenience offered by online shopping platforms is acting as a major growth-inducing factor. Other factors, including rapid urbanization, the penetration of high-speed internet and smartphones, and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of USD 25.2 Billion by 2033, exhibiting a CAGR of 18.43% during 2025-2033.

Market Summary:

On the basis of the component, the market has been bifurcated into solutions and services.
Based on the type, the market has been segmented into fixed and mobile points of sale.
On the basis of the organization size, the market has been classified into small and medium-sized and large enterprises.
Based on the application, the market has been categorized into retail and consumer goods, travel and hospitality, media and entertainment, transport and logistics and healthcare.
On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include B2B Soft, Cegid Group, Fiserv Inc., Intuit Inc., Lightspeed Commerce Inc., NEC Corporation (AT&T Inc.), Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, Samsung Electronics Co. Ltd., Shopify Inc. and Square Inc.

Report Scope:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Component, Type, Organization Size, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	B2B Soft, Cegid Group, Fiserv Inc., Intuit Inc., Lightspeed Commerce Inc., NEC Corporation (AT&T Inc.), Oracle Corporation, Panasonic Corporation, PAR Technology Corporation, Samsung Electronics Co. Ltd., Shopify Inc. and Square Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Cloud POS Market to Reach USD 25.2 Billion by 2033, Impelled by Rising Preference for Secured Payment Processing

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