The major players held over 70% of the market share. The key participants operating in the cloud POS market include:
TouchBistro Inc
Kounta Holdings Pty Limited
Revel Systems Inc
Shopkeep Inc
Upserve Inc
Oracle Corporation
NCR Corporation
Celerant Technology
Cegid Group
Phorest Salon Software
Clover Network Inc
ERPLY
Future POS
Lightspeed POS Inc
ePOS Inc
Shopify
Square Inc
PAR Technology
Toast Inc
Vend Limited.
Authors:
Preeti Wadhwani
Frequently Asked Questions (FAQ) :
The market size of cloud POS market exceeded USD 3 billion in 2021 and is likely to strike a 20% CAGR through 2028 due to growing deployment by business owners for processing and storing the payment data online.
The cloud POS software segment in the U.K. is set to record an 18% gains between 2022 and 2028 impelled by the growing installation of modern digital solutions for enabling hassle-free and paperless transactions.
The market size from large enterprises in the U.S. crossed USD 600 million in 2021 and is anticipated to register a 14% CAGR through 2028, says this GMI report.
Asia Pacific accounted for more than 20% of the market share in 2021 and will see expansion with rising adoption of e-commerce platforms and digital payment technologies in the COVID-19 pandemic.