Mobile Point of Sale Devices (mPOS) Market Demand, Growth And Development Trends By 2022-2030.

The mobile point of sales devices market is projected to be worth US$ 21,063 million in 2022. With an expected CAGR of 20.9%, it is anticipated that the market is growing rapidly and be worth US$ 1,40,134.2 million by 2032.

The global adoption of cutting-edge payment systems like mobile point of sale (mPOS) has been prompted by the ongoing shift of payment methods from cash to electronic payments. The adoption of mPOS as a card acceptance solution in developed and developing nations worldwide has increased its popularity over more convenient payment options. Additionally, major retail chains are putting a lot of effort into increasing customer interaction and providing them with a high level of convenience.

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North America drives the mobile point of sale market. Moreover, the demand for mobile point of sales devices in North America is driven by the abundance of small and medium-sized businesses and micro-merchants.

As they adopt technology quickly, the North American market for mobile point of sale (mPOS) devices is more developed than other regional markets. During the projected period, the area is likely to hold 29.9% of the mobile point of sales devices market share.

How is Europe Performing in the Mobile Point of Sale Devices (mPOS) Market?

The European mobile point-of-sale (mPOS) market has been stimulated by a cloud-based, adaptable, secure, and quick mPOS solution. The mobile point of sales devices market share is projected to be driven by the increased adoption of advanced technologies by European retailers and merchants.

In addition, banks in various locations have taken steps to enable mPOS to give users lower payment fees. The region is expected to gain 22.8% of the global market share for mobile point-of-sale devices during the projection period.

The key end-user industries that are enhancing and expanding the demand for mobile point of sales devices are Hybrid Technology Solutions, Restaurant Hospitality (Lodging), Healthcare, Retail Warehouse/Distribution, and Entertainment.

Know more about the “Mobile Point of Sale Devices (mPOS) Market “ report and TOC  - https://www.futuremarketinsights.com/reports/mobile-point-of-sale-devices-mpos-market

Key players

  • VeriFone Systems Inc.
  • Square Inc.
  • First Data Corp
  • LifePay ZAO
  • Upserve Inc
  • Paynear Solutions Private Limited
  • CardFlight Inc.
  • Ingenico Group
  • Zebra Technologies Corp
  • Hewlett-Packard Development Company
  • L.P

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