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Classified in: Science and technology, Business
Subject: MRR

Mobile Point-of-Sale (mPOS) Terminals Market to reach US$ 64.79 Billion by 2031: TMR Study


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.

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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

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

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

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

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