Global Mobile POS market size to boom significantly over 2021-2028

Описание: The Global Mobile POS Market size has been estimated to reach USD 19.9 billion in 2021 and is anticipated to grow at a CAGR of 21.9% from 2021 to 2030.

Mobile POS is an integrated mobile device like a smartphone or a tablet that functions as an electronic point of sale terminal. Mobile POS comprises hardware and software. The mobile POS hardware is equipped with Wi-Fi, Radio Frequency Identification (RFID), and smart card, among other modern features. These hardware mechanisms permit mobile POS terminals to accept payments remotely utilizing wireless applications. The mobile POS terminals are also utilized to control assets and inventories, send and receive invoices, send digitize notes, and records signature at the counters.

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The important driving factors for the development of the mobile POS market are the rising penetration of mobile technologies and development in the wireless network infrastructure. Increasing government support and rules conducive to the utilization of digital technologies are further driving the growth of the market for mobile POS. Additionally, increasing acquisition of contactless payment solutions is anticipated to generate remarkable development opportunities for the market during the predicted period.