The surging focus of the retail sector on improving customer experience is resulting in the large-scale installation of mobile point-of-sale (mPOS) terminals at the outlets of retail chains and independent stores. These outlets are adopting mPOS terminals to preserve the time of customers which is wasted while standing in long check-out queues. Deployment of these devices enables customers to complete the purchase directly from the main product area in a store, by avoiding long queues and paying for the goods digitally.
These advantages result in increased customer satisfaction, which further helps in building brand loyalty and trust. Moreover, the flourishing restaurant industry is also expected to drive the mPOS terminals market at a CAGR of 17.9% during the forecast period (2020–2030). According to PS Intelligence, the market generated revenue of $19.5 billion in 2019.
This market research report provides a comprehensive overview of the 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
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
