Press release
Mobile POS Terminals Technology Sector – Opportunities, Market Size, News, Region of Operations, Advancement, Strategies Forecasted to 2025
Mobile POS Terminals
mPOS helps the service and sales industry to facilitate financial transactions, improve customer experience, and save time & cost invested in building infrastructure and personnel for POS counters.
Tablet or smartphone can be used as mPOS terminal using an app. This device is linked to a bank account using an app. Consumer data and transaction details are stored on cloud in an encrypted format.
The Global Mobile POS Terminals Industry is driven by the advent of affordable wireless communication technologies, high demand from retail and hospitality sectors, and rise in consumer base in the Asia-Pacific region.
The Global Mobile POS Terminals market is segmented based on
• Component
• Application
• Geography
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However, increase in security concerns hampers the market growth. Furthermore, advancements in communication technology and increase in investments in the healthcare sector for mPOS are expected to present opportunities to the industry players.
Based on Component, the market is segmented into
• Hardware
• Software
The Application Areas of the industry are broadly classified into
• Restaurants
• Hospitality
• Entertainment
• Warehouse
• Healthcare
• Retail
The market is analyzed based on Four Regions, namely Asia-Pacific, North America, Europe, Latin America, and MEA.
Inquire About Report: https://www.progressivemarkets.com/enquiry-about-report/global-mobile-pos-terminals-market
The Key Players operating in the industry are
• VeriFone
• Hewlett-Packard Company
• NEC Corporation
• Panasonic Corporation
• PAX Technology Ltd.
• Posiflex Technology Inc.
• QVS Software Inc.
• Ingenico
• Zebra Technologies
• Oracle
• First Data Corporation
These market players have adopted Partnerships, Mergers & Acquisitions, Expansion, Joint Ventures, Collaborations, and other strategies to gain strong foothold and sustain in the intense competition in the industry.
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