The cloud POS market is predicted to hike from USD 1.5 billion in 2018 to around USD 6 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The growing penetration of cloud technology and the increasing number of devices being connected to the internet have driven the technology revolution in the security space, providing an impetus to the cloud POS market.
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The Asia Pacific cloud POS market revenue will grow at a CAGR of over 27% during the forecast period as the region is witnessing high adoption of restaurant POS solutions due to increasing usage of these devices for food delivery applications.
The restaurant sector in 2018 accounted for majority share in the cloud POS market. The application of point-of-sale systems for inventory management is growing rapidly due to the increased importance of such solutions for maintaining the demand & supply of stock units. The restaurants are transforming their traditional stock management tools to modern inventory management point-of-sale technologies, allowing players to perform multiple tasks or functions with the help of a single solution.
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Companies Profiled include Cegid Group, Celerant Technology, Clover Network, Inc., EPOS Now (ePOS Inc.), ERPLY, Future POS, Kounta Holdings Pty Limited, Lightspeed POS Inc., NCR Corporation, Oracle Corporation, PAR Technology, Phorest Salon Software, Revel Systems, Inc., Shopify, Shopkeep, Inc., Square, Inc., Toast, Inc., TouchBistro, Inc., Upserve, Inc. and Vend Limited.
Browse key industry insights spread across 220 pages with 307 market data tables & 27 figures & charts from the report, “Cloud POS Market By Component, Organization Size, Application, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/cloud-pos-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients penetrative insights and actionable market data specially designed and presented to aid strategic decision making.