Skip to main content

Mobile Point-Of-Sale Terminals Market To Grow at 17.9% CAGR during 2020–2030

The global mobile point-of-sale (POS) terminals market value stood at $19.5 billion in 2019, and it is predicted to register a CAGR of 17.9% from 2020 to 2030 (forecast period). The market is being driven by the growing focus of businesses on providing an improved customer experience and the advent of cashless transactions across the world. Additionally, many businesses are rapidly adopting mPOS terminals in order to provide faster check-out processes at stores and prevent the formation of long check-out queues, which not only waste customers’ time but also affect the shopping experience.

These terminals assist customers in completing the sale and the check-out right from the main product area in a store by enabling digital payments. Besides this factor, the boom in the restaurant sector is also creating lucrative growth opportunities for the players operating in the mPOS terminals market. The surging number of restaurants all over the world is positively impacting the worldwide demand for these terminals. For example, in India, the restaurant sector expanded by 10% from 2017 to 2018 and reached a revenue of $48 billion.


In addition, the foodservice sector, which was valued at $47.7 billion in 2017, is expected to exhibit a CAGR of 5.1% from 2018 to 2023. To prevent the formation of long queues, many restaurants are providing their staff with handheld mobile POS terminals, which are allowing them to take the orders of customers at the table. This is subsequently helping customers in ordering and receiving food quickly, thereby improving their experience.

During the last few years, the mPOS terminals market was dominated by the Asia-Pacific (APAC) region, as per the observations of the market research company, P&S Intelligence. This region will also be the fastest-growing region in the market during the forecast period. This is credited to the expansion of the retail, healthcare, and hospitality sectors, owing to the rapid economic progress of the regional countries, such as China and India.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
Labels:

Comments

Post a Comment

Popular posts from this blog

BFSI Using Advanced Security Solutions to Protect Data and Financial Assets

Banks and financial institutions are gradually shifting their core applications over to the cloud network, to offer a personalized banking experience, mitigate the risks associated with conventional technologies, improve the operational control of platforms, reduce capital expenditure, and meet the growing need for real-time analysis of high-volume data. However, the deployment of the cloud infrastructure escalates the risk of cyberattacks, as the data is stored at remote locations.  Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/bfsi-security-market/report-sample To combat the cyber threat, such institutions are increasingly adopting a range of advanced security solutions. The financial service sector has become a prime target for cybercriminals, as it centers around financial assets and generates massive unstructured data. Moreover, progressive steps such as the adoption of online banking and shift toward digital processes have increased the pro
Post a Comment
Read more

RF Semiconductor Market a $5.0-Billion Investment Opportunity by 2030

The major factors leading to the rising demand for radiofrequency (RF) semiconductors are the increasing popularity of smartphones, enhancements in the wireless communication technologies, and escalating adoption of the internet of things (IoT). As a result, from $2.1 billion in 2019, the market of RF semiconductor will witness an 8.8% CAGR during 2020–2030 (forecast period), to reach $5.0 billion by 2030. Made of semiconductor materials, such components enable RF communication in an array of sectors. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/rf-semiconductor-market-report/report-sample The material segment of the market is classified into indium phosphate, gallium arsenide, gallium nitride, silicon, and silicon germanium. Among these, during the historical period (2014–2019), the largest share was held by the gallium arsenide category because RF semiconductors made from this material consume less power, account for low power dissipation, ca
Post a Comment
Read more

How Is Consumer Electronics Sector Helping Silicon on Insulator Market Grow?

Currently, the major players of the silicon on insulator market are taking strategic measures, such as product launches, facility expansions, partnerships, geographical expansions, client wins, and mergers and acquisitions, to gain a competitive edge in the market. For example, in January 2019, Soitec SA extended its collaboration with Samsung Foundry to increase the volume supply of FD-SOIs.  With the new agreement, these companies extended their partnership and secured a high-volume supply of FD-SOI wafers to cater to the surging demand for SOI wafers in consumer, automotive, and internet of things (IoT) applications. The wafer type segment of the silicon on insulator market is categorized into radio-frequency SOI (RF-SOI), power-SOI, imager-SOI, photonics-SOI, fully depleted SOI (FD-SOI), and partially depleted SOI (PD-SOI).  In 2018, the RF-SOI category generated the highest revenue, due to the escalating use of RF-SOI in advanced LTE smartphones and huge investments made in the
Post a Comment
Read more