The North America Cloud POS Market would witness market growth of 21.3% CAGR during the forecast period (2021-2027).
Mobile POS solutions are gaining traction as a result of rising global mobility patterns and a growing emphasis on multichannel selling. Due to the requirement for sales and inventory synchronization, improved customer experience, and retention, cloud POS has seen an increase in popularity since the introduction of cashless transactional systems. For example, as per the U.S. census, data issued in February 2020 revealed that e-commerce businesses are constantly on the rise.
The capabilities of cloud POS, such as sales reporting, inventory, financial management, and customer analytics, help organizations overcome client retention challenges. As a result, the expansion of POS terminals is fueled by the high demand for client retention and industry competition. Moreover, because the data is managed by the PoS provider at a remote and secure location, Cloud PoS eliminates data storage and security difficulties, as well as software maintenance issues.
Hardware sales, digital POS, cloud subscriptions, or mPOS transactions are on the rise across the region, ranging from advanced hand-held tablets with a payment terminal to attractive all-in-one computers. The desire for new touch screen hardware and fully loaded Cloud Point of Sale (POS) software, as well as the demand from small and medium-sized merchants, has resulted in a substantial shift in the POS market.
With the growing adoption of cloud-based apps and anticipated to eventually substitute machine resident programs, powerful, dependable, and proven hybrid multi-function configurable POS systems, such as POS-n-go, will fulfill the requirements of small and medium-sized retailers and restaurants across North America. NCR POS hardware and software are used by the majority of convenience stores in North America.
The high adoption rate of the advanced solutions by various companies across the region would surge the growth of the regional cloud POS market. In addition, the increasing spending by the companies on implementing various solutions for better functioning and operations would augment the regional growth of the cloud POS market.
The US market dominated the North America Cloud POS Services Market by Country 2020, thereby, achieving a market value of $991.5 million by 2027. The Canada market is experiencing a CAGR of 26.4% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 25.3% during (2021 - 2027).
Based on Component, the market is segmented into Solution and Services. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Application, the market is segmented into Retail & Consumer Goods, Travel & Hospitality, Media & Entertainment, Healthcare, Transportation & Logistics and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cloud POS Market is Estimated to Reach USD 9.9 Billion by 2027 at a CAGR of 22.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Shopify, Inc., Square, Inc., Intuit, Inc., Touchsuite, Revel Systems, Omnico Group, Cegid Group, UTC Retail, and Lightspeed POS, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises
By Application
- Retail & Consumer Goods
- Travel & Hospitality
- Media & Entertainment
- Healthcare
- Transportation & Logistics
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Shopify, Inc.
- Square, Inc.
- Intuit, Inc.
- Touchsuite
- Revel Systems
- Omnico Group
- Cegid Group
- UTC Retail
- Lightspeed POS, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud POS Market, by Component
1.4.2 North America Cloud POS Market, by Enterprise Size
1.4.3 North America Cloud POS Market, by Application
1.4.4 North America Cloud POS Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Geographical Expansions
3.2.4 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations, and Agreements: 2017, May – 2021, Jun) Leading Players
Chapter 4. North America Cloud POS Market by Component
4.1 North America Cloud POS Solution Market by Country
4.2 North America Cloud POS Services Market by Country
Chapter 5. North America Cloud POS Market by Enterprise Size
5.1 North America Large Enterprises Cloud POS Market by Country
5.2 North America Small & Medium Enterprises Cloud POS Market by Country
Chapter 6. North America Cloud POS Market by Application
6.1 North America Retail & Consumer Goods Cloud POS Market by Country
6.2 North America Travel & Hospitality Cloud POS Market by Country
6.3 North America Media & Entertainment Cloud POS Market by Country
6.4 North America Healthcare Cloud POS Market by Country
6.5 North America Transportation & Logistics Cloud POS Market by Country
6.6 North America Others Cloud POS Market by Country
Chapter 7. North America Cloud POS Market by Country
7.1 US Cloud POS Market
7.1.1 US Cloud POS Market by Component
7.1.2 US Cloud POS Market by Enterprise Size
7.1.3 US Cloud POS Market by Application
7.2 Canada Cloud POS Market
7.2.1 Canada Cloud POS Market by Component
7.2.2 Canada Cloud POS Market by Enterprise Size
7.2.3 Canada Cloud POS Market by Application
7.3 Mexico Cloud POS Market
7.3.1 Mexico Cloud POS Market by Component
7.3.2 Mexico Cloud POS Market by Enterprise Size
7.3.3 Mexico Cloud POS Market by Application
7.4 Rest of North America Cloud POS Market
7.4.1 Rest of North America Cloud POS Market by Component
7.4.2 Rest of North America Cloud POS Market by Enterprise Size
7.4.3 Rest of North America Cloud POS Market by Application
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.1 Recent Strategies and Development:
8.1.1.1 Partnerships, Collaborations, and Agreements:
8.1.1.2 Product Launches and Product Expansions:
8.1.2 SWOT Analysis
8.2 Shopify, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Product Launches and Product Expansions:
8.3 Square, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Product Development Expenses
8.3.5 Recent Strategies and Development:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.5.3 Geographical Expansions;
8.4 Intuit, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.5.2 Product Launches and Product Expansions:
8.4.5.3 Acquisition and Mergers:
8.5 Touchsuite
8.5.1 Company Overview
8.6 Revel Systems
8.6.1 Company Overview
8.6.2 Recent Strategies and Development:
8.6.2.1 Partnerships, Collaborations, and Agreements:
8.6.2.2 Product Launches and Product Expansions:
8.7 Omnico Group
8.7.1 Company Overview
8.7.2 Recent Strategies and Development:
8.7.2.1 Partnerships, Collaborations, and Agreements:
8.8 Cegid Group
8.8.1 Company Overview
8.8.2 Recent Strategies and Development:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.8.2.2 Product Launches and Product Expansions:
8.8.2.3 Acquisition and Mergers:
8.9 UTC Retail
8.9.1 Company Overview
8.9.2 Recent Strategies and Development:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.10. Lightspeed POS, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent Strategies and Development:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Product Launches and Product Expansions:
8.10.5.3 Acquisition and Mergers:
TABLE 1 North America Cloud POS Market, 2017 - 2020, USD Million
TABLE 2 North America Cloud POS Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Cloud POS Market
TABLE 4 Product Launches And Product Expansions– Cloud POS Market
TABLE 5 Geographical Expansions– Cloud POS Market
TABLE 6 Acquisition and Mergers– Cloud POS Market
TABLE 7 North America Cloud POS Market by Component, 2017 - 2020, USD Million
TABLE 8 North America Cloud POS Market by Component, 2021 - 2027, USD Million
TABLE 9 North America Cloud POS Solution Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Cloud POS Solution Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Cloud POS Services Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Cloud POS Services Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Cloud POS Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 14 North America Cloud POS Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 15 North America Large Enterprises Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Large Enterprises Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Small & Medium Enterprises Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Small & Medium Enterprises Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Cloud POS Market by Application, 2017 - 2020, USD Million
TABLE 20 North America Cloud POS Market by Application, 2021 - 2027, USD Million
TABLE 21 North America Retail & Consumer Goods Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Retail & Consumer Goods Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Travel & Hospitality Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Travel & Hospitality Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Media & Entertainment Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Media & Entertainment Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Healthcare Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Healthcare Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Transportation & Logistics Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Transportation & Logistics Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Others Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Others Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Cloud POS Market by Country, 2017 - 2020, USD Million
TABLE 34 North America Cloud POS Market by Country, 2021 - 2027, USD Million
TABLE 35 US Cloud POS Market, 2017 - 2020, USD Million
TABLE 36 US Cloud POS Market, 2021 - 2027, USD Million
TABLE 37 US Cloud POS Market by Component, 2017 - 2020, USD Million
TABLE 38 US Cloud POS Market by Component, 2021 - 2027, USD Million
TABLE 39 US Cloud POS Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 40 US Cloud POS Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 41 US Cloud POS Market by Application, 2017 - 2020, USD Million
TABLE 42 US Cloud POS Market by Application, 2021 - 2027, USD Million
TABLE 43 Canada Cloud POS Market, 2017 - 2020, USD Million
TABLE 44 Canada Cloud POS Market, 2021 - 2027, USD Million
TABLE 45 Canada Cloud POS Market by Component, 2017 - 2020, USD Million
TABLE 46 Canada Cloud POS Market by Component, 2021 - 2027, USD Million
TABLE 47 Canada Cloud POS Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Canada Cloud POS Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 Canada Cloud POS Market by Application, 2017 - 2020, USD Million
TABLE 50 Canada Cloud POS Market by Application, 2021 - 2027, USD Million
TABLE 51 Mexico Cloud POS Market, 2017 - 2020, USD Million
TABLE 52 Mexico Cloud POS Market, 2021 - 2027, USD Million
TABLE 53 Mexico Cloud POS Market by Component, 2017 - 2020, USD Million
TABLE 54 Mexico Cloud POS Market by Component, 2021 - 2027, USD Million
TABLE 55 Mexico Cloud POS Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 Mexico Cloud POS Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 Mexico Cloud POS Market by Application, 2017 - 2020, USD Million
TABLE 58 Mexico Cloud POS Market by Application, 2021 - 2027, USD Million
TABLE 59 Rest of North America Cloud POS Market, 2017 - 2020, USD Million
TABLE 60 Rest of North America Cloud POS Market, 2021 - 2027, USD Million
TABLE 61 Rest of North America Cloud POS Market by Component, 2017 - 2020, USD Million
TABLE 62 Rest of North America Cloud POS Market by Component, 2021 - 2027, USD Million
TABLE 63 Rest of North America Cloud POS Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 Rest of North America Cloud POS Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 Rest of North America Cloud POS Market by Application, 2017 - 2020, USD Million
TABLE 66 Rest of North America Cloud POS Market by Application, 2021 - 2027, USD Million
TABLE 67 Key Information – Oracle Corporation
TABLE 68 key information – Shopify, Inc.
TABLE 69 key information – Square, Inc.
TABLE 70 key information – Intuit, Inc.
TABLE 71 Key information - touchsuite
TABLE 72 Key information – revel systems
TABLE 73 Key information – omnico group
TABLE 74 Key information – Cegid Group
TABLE 75 Key information – utc retail
TABLE 76 Key information - Lightspeed POS, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, collaborations, and agreements: 2017, May – 2021, Jun) Leading Players
FIG 5 Recent Strategies and Development: Oracle Corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 Recent strategies and developments: Shopify, Inc.
FIG 8 Recent Strategies and Development: Square, Inc.
FIG 9 Recent strategies and developments: Intuit, Inc.
FIG 10 Recent Strategies and development: Revel Systems
FIG 11 Recent strategies and developments: Cegid Group
FIG 12 Recent strategies and developments: Lightspeed POS, Inc.