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Mobile POS System Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

11-27-2023 06:59 AM CET | Media & Telecommunications

Press release from: Orion Market Research

Mobile POS System Market is Anticipated to Increase at a Stable

Mobile POS System Market is anticipated to grow at a significant CAGR during the forecast period. A mobile POS or mPOS is a point-of-sale system that is a smartphone or mobile integrated device. The system offers a consumer to initiate a contactless, secure, and remote payment by using a wireless application. Mobile POS system is designed with software and hardware equipment including radio frequency identification device (RFID), smart card, and Wi-Fi among others. The mPOS terminal is widely accepted globally owing to its efficient features including sending and receiving an invoice, controlling assets, and inventories, tracking signatures at the counters and transmitting digitizing notes. 

The emergence of technological advancement in payment methods with the rising shift towards digitalization and euro chip card reimbursement is anticipated to drive the global mobile POS system market during the forecast period. The rising initiatives by the government to support the implementation of digital technologies concerning advanced payment system is expected to boost the market growth during the forecast period. Additionally, the growing adoption of NFC-enabled, contactless payment systems is further supporting the growth of the global mobile POS system market during the forecast period.

 

Additionally, the key players present in the global mobile POS system market include PAX Technology Ltd., HP Inc., Cisco Systems, Inc., Panasonic Corp., Toshiba Corp., and others adopted various strategies that include product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in November 2019, Visa Inc. announced a partnership with Clip with the strategic initiative to support mobile POS devices in Mexican merchants. Additionally, in October 2019, Samsung Electronics announced to merge with Mobeewave Inc., to emerge an extremely secure, NFC-enabled, and contactless payment acceptance on mobile devices. 

To Request a Sample of our Report on Mobile POS System Market:  https://www.omrglobal.com/request-sample/mobile-pos-system-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- 
By Type
By Enterprise Size
By End-User
Competitive Landscape- PAX Technology Ltd., HP Inc., Cisco Systems, Inc., Panasonic Corp., Toshiba Corp., and others.

Mobile POS System Market Report Segmentation

By Type

Card Reader 
Chip-and-PIN Reader 
Others

By Enterprise Size

Large Enterprises
Small & Medium Enterprise (SMEs)

By End-User

Restaurants 
Retail 
Healthcare 
Hospitality
Entertainment
Others 

 A full Report of Mobile POS System Market is Available at:  https://www.omrglobal.com/industry-reports/mobile-pos-system-market

Mobile POS System Market by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/mobile-pos-system-market

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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