The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increasing use of digital payments is likely to encourage innovation in mPOS terminals production, propelling the market during the forecast period.

The global mPOS terminals market 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 market is expected to reach $68.38 billion in 2027 at a CAGR of 18.4%.

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Global mPOS Terminals Market Segments Include:

• 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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global mPOS terminals market in 2021.

Major Market Players in the mPOS terminals market include 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.

The primary trend gaining traction in the mPOS terminals market is technological advancement. To remain competitive in the mPOS terminals market, major players are focusing on providing technologically improved solutions. For example, Square, a business tool manufacturer based in the United States, will debut Square for Restaurants mobile POS in May 2022. Square’s distinguishing characteristic is its ability to aid restaurants of all shapes and sizes, particularly full-service restaurants (FSRs), in increasing their bottom line and operational effectiveness. With Square, servers can handle orders and payments quickly and effortlessly at the table or while waiting in line.

The mPOS Terminals Global Market Report 2023  provides a mPOS terminals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The mPOS terminals market forecast analyzes mPOS terminals market size, mPOS terminals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

mPOS (mobile point-of-sale) terminals are smartphones, tablets, or other wireless devices that may perform the functions of a cash register or electronic point-of-sale terminal (POS terminal) electronically. An mPOS terminal accepts payments from digital wallets as well as credit, debit, and other sorts of cards.

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