Published Date: 18-Aug-2021
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According to a new report Global Cloud POS Market, published by KBV research, The Global Cloud POS Market size is expected to reach $9.9 billion by 2027, rising at a market growth of 22.8% CAGR during the forecast period.
With the latest Point-to-Point Encryption (P2PE) technology, the POS software also protects against threats to the security of sensitive cardholder/ payment data. Payment service, maintenance service, gateway, as well as management, are all POS-related services.
The small and medium-sized enterprises segment would showcase promising growth rate during the forecast period. Individuals, small enterprises, and freelancers can use specific solutions provided by cloud POS vendors. As cost-effectiveness is one of the most significant criteria of small enterprises, there is a high availability of specific vendors to meet their demands.
North America would emerge as the leading region in the global cloud POS market during the forecast period. In the North American POS terminal market, the United States is the leading country that holds a key revenue share. Various types of POS terminals have been utilized in shops around the country for numerous years, necessitating their replacement with more modern technology.
Full Report: https://www.kbvresearch.com/cloud-pos-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, Shopify, Inc., Square, Inc., Intuit, Inc., Touchsuite, Revel Systems, Omnico Group, Cegid Group, UTC Retail, and Lightspeed POS, Inc.
By Enterprise Size
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