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  Home News Technology Software Products Tuesday, September 27, 2022 
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Mobile Point-of-Sale (mPOS) Terminals Market to reach US$ 64.79 Billion by 2031: TMR Study
Monday, August 15, 2022

    --  Rapid pace of adoption of products by SMEs and micro-merchants offers
        massive avenues to service providers in mobile point-of-sale (mPOS)
        terminals market; firms offering value-added and customized services to
        capture revenues
    --  Product differentiation strategy to unlock new opportunities; Asia
        Pacific to witness vast lucrative avenues, underpinned by rise in
        application of mPOS devices in emerging economies

WILMINGTON, Del., Aug. 8, 2022 /PRNewswire/ -- The demand for mobile point-of-sale (mPOS) terminals is growing among large retailers mainly for their role in enhancing in-store shopping experience. The increasing trend of use of devices for digital transactions has spurred vendors to offer integrated NFC and QR-based payment solutions through POS terminals. The global mobile point-of-sale (mPOS) terminals market is projected to expand at CAGR of 15.1% from 2022 to 2031.

Emerging economies are expected to offers early-mover advantages to several players in the mobile point-of-sale (mPOS) terminals market. Continuously expanding customer base for use of payments through NFC and Europay, Master Card, and Visa (EMV) are expanding the avenue. Solution providers are reiterating on multiple key benefits of mobile point-of-sale (mPOS) to merchants in restaurants, hospitality, and retail industries.

mPOS has enabled businesses in the retail and hospitality industries to boost customer engagements and manage inventory management. A case in point is the use of mPOS terminals to track loyalty programs. Demand among SMEs and micro-merchants creates enormous revenue potential in the mobile point-of-sale (mPOS) terminals market.

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Key Findings of Mobile Point-of-Sale (mPOS) Terminals Market Study

    --  Providers Offering Value-added Services to Capture Substantial Profits:
        Key vendors in mobile point-of-sale (mPOS) market are geared toward
        offering augmented products. They are offering services to make
        value-addition to their offerings. These include use of mPOS devices to
        offer end users mobile discounts, promotional offers such as gift cards
        and vouchers. Furthermore, the study has found that their ceaseless
        focus on product differentiation will unlock new profitable avenues in
        the mobile point-of-sale (mPOS) market. Declining total cost of
        ownership (TCO) is incentivising SMEs and micro-merchants to increasing
        adopting these mPOS terminals.
    --  Future of Digital Payments: Mobile Point-of-Sale (mPOS)--mPOS solutions
        are expected to shape the contours of the future of digital payment. In
        large part, this is ascribed to the trend of burgeoning penetration of
        smartphones. Rise in use of smart devices such as tablets for digital
        transactions will enrich the prospects of the mobile point-of-sale
        (mPOS) terminals. For instance, mPOS vendors in recent times prefer
        waiving of monthly fees and reduce maintenance charges to attract

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Mobile Point-of-Sale (mPOS) Terminals Market: Key Drivers

    --  Rise in digital payment coupled with massive penetration of smart
        devices among retail merchants of all sizes is a key driver of the
        mobile point-of-sale (mPOS) terminals market.
    --  Advancement made in payment technologies cnotably in EMV and NFC,
        supported by governments to promote digital payments, is a key driver
        for application of mobile point-of-sale (mPOS) terminals.

Mobile Point-of-Sale (mPOS) Terminals Market: Regional Growth Dynamics

    --  The Asia Pacific mobile point-of-sale (mPOS) terminals market is
        projected to expand at the most attractive CAGR during the forecast
        period of 2022-2031. The region is witnessing substantial lucrative
        opportunity from the growing trend of use of NFC-enabled debit and
        credit cards for payment among consumers in the retail industry.
        Furthermore, initiatives by governments to step up digital payments in
        emerging economies have catalyzed the growth. Moreover, growing number
        of mobile micro-ATMs in some countries has spurred the sales of mPOS
    --  North America held the major share of the global mobile point-of-sale
        (mPOS) terminals market in 2021. Rise in uptake of mPOS solutions among
        large and small merchants alike has steered the revenue growth.

Mobile Point-of-Sale (mPOS) Terminals Market: Key Players

Some of the key players in the mobile point-of-sale (mPOS) terminals market are Toast, Inc., Newland Payment Technology, NCR Corporation, Oracle Corporation, Lightspeed, Clover Network, Inc., NEC Corporation, Intuit, Inc., Square, Shopify Inc., VeriFone, Inc., and Ingenico Group S.A.

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Mobile Point-of-Sale (mPOS) Terminals Market Segmentation

    --  Component
        --  POS Terminals
        --  POS Software
            --  Cloud
            --  On-premise
        --  Services
            --  Integration & Implementation
            --  Support & Maintenance
    --  End-user
        --  Retail
        --  Restaurants
        --  Healthcare
        --  Hospitality
        --  Entertainment
        --  Others


    --  U.S.
    --  Canada
    --  Germany
    --  U.K.
    --  France
    --  Spain
    --  Italy
    --  Russia & CIS
    --  Japan
    --  China
    --  India
    --  ASEAN
    --  Brazil
    --  Mexico
    --  GCC
    --  South Africa

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About Transparency Market Research

Transparency Market Research registered at Wilmington, Delaware, United States, is a global market intelligence company provides syndicated research reports and business consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Transparency Market Research Inc.
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Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
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