The major factors aiding in the advance of the mobile point-of-sale (mPOS) terminals market are the rising popularity of cashless payments and surging focus on enhancing the experience of customers. As a result, the sale of mobile POS terminals will likely increase at a healthy 17.9% CAGR between 2020 and 2030 (forecast period), since generating $19.5 billion in 2019. Such systems are portable devices, most commonly a tablet or mobile phone, which work as a cash counter.

The component segment of the market is bifurcated into software and hardware, of which the hardware bifurcation held the larger share in 2019. The usage of mobile POS terminals, of which hardware is the major and more-expensive component, is swiftly increasing in the food service, retail, hospitality, and healthcare industries. The software bifurcation is expected to display the higher CAGR in the mPOS terminals market during the forecast period, owing to the rising usage of software for sales forecasting, inventory management, and customer relationship management.

On the basis of application, the market is divided into food service, retail, warehouse, hospitality, sports & entertainment, healthcare, and others. Among these, during the historical period (2014–2019), the market was dominated by the retail division, which will also experience the fastest growth till 2030. The usage of mobile POS terminals process sales instantly, thereby eliminating the long queues synonymous with supermarkets. The equipment allows customers to complete the transactions from the same place they are picking the stuff from.

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This market research report provides a comprehensive overview of the mPOS terminals market

Historical and the present size of themPOS terminals market
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