Press release
MPOS Terminals Market to Set Phenomenal Growth From 2023 to 2032| Ingenico, PAX Global Technology Limited, NCR Corporation, Oracle Corporation, VeriFone Inc.
mPOS Terminals Market Size
The Business Research Company's MPOS Terminals Global Market Report 2023 identifies The rising use of digital payments as the major driver for the mpos terminals market's growth in the forecast period. Digital payments refer to transactions that happen online or through digital channels without a physical exchange of money. Through near-field communication (NFC), which enables contactless payments by allowing users to wave one device over another NFC-compatible device, mobile POS systems can take payments through digital wallets.
The global mPOS terminals market size is expected to grow from $29.40 billion in 2022 to $34.81 billion in 2023 at a compound annual growth rate (CAGR) of 18.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mPOS terminals market size is expected to grow to $68.38 billion in 2027 at a CAGR of 18.4%.
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Major competitors in the mpos terminals market are Ingenico, PAX Global Technology Limited, NCR Corporation, Oracle Corporation, VeriFone Inc., Square Inc., Zebra Technologies Corp., Fiserv Inc., Panasonic Holdings Corporation, PAR Tech, New POS Technology Ltd., Posiflex Technology Inc., Intuit Inc., Newland Auto-ID Tech. Co. Ltd., and AURES Group.
A key trend in the mpos terminals market includes technological advancement. Major companies operating in the mPOS terminals market are focusing on developing technological advanced solutions to sustain in the market. For instance, in May 2022, Square, a US-based manufacturer of business tools, launched Square for Restaurants mobile POS. The unique feature of Square is its capacity to assist restaurants of all shapes and sizes, in particular full-service restaurants (FSRs), in boosting their bottom line and operational effectiveness. With Square, servers can quickly and easily process orders and payments at the table or while waiting in line. Even when there is a staffing shortage, restaurants employing the Square for Restaurants mobile POS test program will still be able to increase their revenues and turn more tables.
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https://www.thebusinessresearchcompany.com/report/mpos-terminals-global-market-report
The mpos terminals market is segmented -
• By Component: POS Terminals, POS Software, Services
• By Solution: Hardware, Software
• By Deployment: On-Premise, Cloud-Based
• By Application: Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the mpos terminals market.
The Business Research Company's "Global MPOS Terminals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The MPOS Terminals Market Include:
1. Executive Summary
2. mPOS Terminals Market Characteristics
3. mPOS Terminals Market Trends And Strategies
4. mPOS Terminals Market - Macro Economic Scenario
5. mPOS Terminals Market Size And Growth
……
26. Africa mPOS Terminals Market
27. mPOS Terminals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The mPOS Terminals Market
29. mPOS Terminals Market Future Outlook and Potential Analysis
30. Appendix
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