Legacy technology is becoming a roadblock for larger retailers when updating their current system. As a result, retailers and consumers are continuing to look for solutions that are easily upgradable, have a future-proof design and continually meet their needs as technology requirements advance. This year, we will likely see an increase in the number of small- and medium-sized retailers adopting cloud-based solutions. Since these businesses are often number and aren’t typically tied down to large complicated legacy systems they are in a great position to switch to unified commerce technologies, further validating that cloud adoption is increasing.
The biggest advantage to retailers of hosting a POS solution in the cloud is the ability to easily, and quickly update software across stores at the same time. Leveraging the cloud makes it easier for consumers and retailers to access the latest technology and keep their systems updated. POS systems are being integrated through the cloud not only with peripherals but also backend solutions and payment card solutions. The expansion of POS systems to the cloud will reshape the POS technology sector entirely – 1000 stores can have upgrades done in the cloud in a matter of 10 minutes. It’s pretty powerful stuff.
We expect that these three POS trends are ones that will be some of the leading themes in the retail narrative this year. As we look ahead to what’s in store for the retail industry, these POS trends will continue to be a huge focus for both retailers and consumers alike. Digital transformation in retail can’t happen overnight; it’s important to remember that it’s an evolution, not a revolution.