A report on the Global (mPOS) Mobile POS Terminals Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the (mPOS) Mobile POS Terminals market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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The (mPOS) mobile POS terminals market has gained traction over the past few years due to the increasing deployment of large retail chains across different store formats and regional markets. For example, Apple, Home Depot, Nordstrom, Urban Outfitters and Gucci are large retailers and early adopters of mPOS terminals. The convergence of online and mobile payment channels has been a major driver for the adoption of (mPOS) mobile POS terminals at a time when the mobile app and smartphone industries have grown significantly. The advent of inexpensive wireless communication technologies has increased consumer acceptance of advanced mPOS terminals.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Henkel, Bostik, 3M, Sika AG, Ashland, H.B. Fuller, Parker Hannifin Corp, Lord Corporation, DuPont, Jowat SE, PPG Industries, L and L Products, Permabond, Wacker Chemie AG. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America held a dominant share in the global (mPOS) mobile POS terminals market in 2021. Widespread awareness of mPOS solutions among small merchants and retail, hospitality and restaurant sectors. North America has an established network infrastructure that facilitates IoT across multiple businesses. mPOS is expected to greatly benefit from IoT as it forms a powerful network for organizations to monitor and manage their activities.
The (mPOS) mobile POS terminals market in Asia Pacific is expected to grow at the highest CAGR during the forecast period, owing to rising internet and smartphone penetration in emerging economies such as India and China. The Chinese government is leading the way in creating mobile micro-ATMs with mobile POS devices in rural areas and low-end cities. India offers enormous potential for mPOS due to its large population and growing technology awareness. Banks are also increasingly rolling out NFC-enabled debit and credit cards in India.
(mPOS) Mobile POS Terminals Market Segmentation:
By Type:
- Handheld Terminal
- Tablet
- Other
By Applications:
- Entertainment
- Healthcare
- Hospitality
- Restaurant
- Retail
- Warehouse
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global (mPOS) Mobile POS Terminals Market?
- Who are the top performing companies in (mPOS) Mobile POS Terminals Market?
- Which region dominated the worldwide market for (mPOS) Mobile POS Terminals in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/automotive-bring-your-own-device-byod-market-acquire-huge-growth-global-opportunities-and-trends-to-2030
- https://www.openpr.com/news/2863149/agrifiber-products-market-huge-growth-opportunities-and-trends
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