The MPOS Terminals Global Market Report 2023, provides comprehensive information on the mpos terminals market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global mPOS terminals market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global mPOS terminals market size is expected to grow to $68.38 billion in 2027 at a CAGR of 18.4%.
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Technological advancement is the key trend gaining popularity in the mPOS terminals market. Major companies operating in the mPOS terminals market are focusing on developing technological advanced solutions to sustain in the market. For instance, in May 2022, Square, a US-based manufacturer of business tools, launched Square for Restaurants mobile POS. The unique feature of Square is its capacity to assist restaurants of all shapes and sizes, in particular full-service restaurants (FSRs), in boosting their bottom line and operational effectiveness. With Square, servers can quickly and easily process orders and payments at the table or while waiting in line. Even when there is a staffing shortage, restaurants employing the Square for Restaurants mobile POS test program will still be able to increase their revenues and turn more tables.
The mpos terminals market is segmented:
1) By Component: POS Terminals, POS Software, Services
2) By Solution: Hardware, Software
3) By Deployment: On-Premise, Cloud-Based
4) By Application: Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse, Other Applications
North America was the largest region in the mpos terminals market in 2022.
The table of contents in TBRC’s mpos terminals market report includes:
- Executive Summary
- mPOS Terminals Market Characteristics
- mPOS Terminals Market Trends And Strategies
- mPOS Terminals Market – Macro Economic Scenario
- mPOS Terminals Market Size And Growth
- mPOS Terminals Market Segmentation
- mPOS Terminals Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The mPOS Terminals Market
- mPOS Terminals Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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