mPOS Technology Market By Services, Solution, Application, Business Analysis, Currents Trends,2017 - 2025
Global Mobile Point-of-Sale (mPOS) Market: Snapshot The global mobile point-of-sale (mPOS) market is gaining significant impetus, thanks to the increasing preference for cashless transactions among people across the world. With the low total cost of ownership (TCO) and the ease of use mPOS solutions offer, owing to mobility, the market is anticipated to remain witnessing high growth over the next few years. According to Transparency Market Research (TMR), the worldwide mPOS market, which is expected to attain a value of US$4.21 bn by 2017, will expand further at a remarkable CAGR of 35.40% between 2017 and 2025, reaching US$47.7 bn by the end of 2025. Card Reader Accessories to Remain Most Valued Products The global market for mPOS is broadly evaluated on the basis of the type of solution, technology, and end user. Based on the type of solution, the market is classified into integrated card reader solutions and card reader accessories. The demand for card reader acce...