Mobile Point-of-Sale (mPOS) Terminals Market Generating Revenue of USD 102.73 Billion By 2032, At a Booming 11.4% Growth Rate

𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐨𝐢𝐧𝐭-𝐎𝐟-𝐒𝐚𝐥𝐞 (𝐦𝐏𝐎𝐒) 𝐓𝐞𝐫𝐦𝐢𝐧𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

● The global mobile point-of-sale (mPOS) terminals market was valued at USD 39.13 billion in 2023.
● The market is expected to expand at a CAGR of 11.4% from 2024 to 2032.
● The industry is expected to grow to USD 102.73 billion by 2032.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market/request-for-sample

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Mobile point-of-sale, or MPOS, refers to a tablet, smartphone, or reserved wireless machine that operates as a cash record or electronic POS terminal. MPOS resolutions need less setup than conventional POS methods. Traditional POS systems often include a tiny desktop computer linked to a touchscreen monitor, barcode scanner, money drawer, and receipt printer. MPOS can be as simple as a smartphone equipped with a credit card compilation and 5G mobile connectivity. It makes mPOS significantly cheaper to set up and can be operated anywhere.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Cloud-based POS systems are becoming increasingly popular in the e-commerce and retail industries because they provide firms with greater flexibility, scalability, and cost-effectiveness than traditional POS systems. These systems have numerous advantages, including automatic software updates, improved security measures, and remote access to real-time data. With the growing popularity of e-commerce and the desire for omnichannel experiences, cloud-based POS systems have become an essential tool for businesses to stay competitive and meet their consumer needs.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: https://www.polarismarketresearch.com/buy/13/2

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

With so many businesses involved, the mobile point-of-sale (mPOS) terminals market is projected to become more competitive as it continues to grow. Some of the major players operating in the market are:

• PAX Technology Limited
• Oracle Corporation
• Verifone Systems Inc
• Hewlett-Packard Company
• NEC Corporation
• Ingenico Group
• Toshiba Corporation
• Panasonic Corporation
• Posiflex Technology Inc.
• Squirrel Systems.

𝐌𝐨𝐛𝐢𝐥𝐞 𝐏𝐨𝐢𝐧𝐭-𝐨𝐟-𝐒𝐚𝐥𝐞 (𝐦𝐏𝐎𝐒) 𝐓𝐞𝐫𝐦𝐢𝐧𝐚𝐥𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The software segment is expected to experience growth as more consumers switch to using consumer-grade electronic devices, like tablets, to handle their POS requirements.
• The retail sector is projected to be the leading segment in the market. The surge in popularity of digital payments and mobile payment wallets like Apple Pay and Samsung Pay has led to an increase in demand for mobile point-of-sale (mPOS) terminals in the retail industry.
• Asia Pacific is anticipated to experience significant growth during the forecast period, primarily due to the rise in low-cost manufacturing activities in the region. The increasing demand across various application segments is expected to drive the growth of the regional market.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The mobile point-of-sale (mPOS) terminals market is mainly segmented based on component, deployment type, end-users, and region. The hardware segment is predicted to dominate the mobile point-of-sale terminals market, owing to rising requests for transportable payment systems that can cut checkout time. Furthermore, based on deployment type, the cloud-based sector is the quickest developing in the mPOS terminals industry. It is due to the growing acceptance of cloud-based solutions in a variety of industries, and it offers organizations several advantages, including fewer upfront prices, more rapid performance times, and increased scalability.

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

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This release was published on openPR.