According to the research report titled ‘Asia Pacific mPOS Terminals Market Forecast 2027 By Deployment, By Solution, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific mPOS terminals market is predicted to attain a valuation of USD 25 billion by the year 2027.

Rising product use in retail, healthcare, and restaurants, as well as growing adoption of smartphone among individuals, shifting customer demands, technical developments, and legal & regulatory reforms are the major growth determinants for Asia Pacific mPOS terminals market.

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Furthermore, continuous efforts and dedication by government have resulted in the exponential spread of digital payments across the region, with various innovations attracting international attention. This factor as well as participation of fintech firms in POS deployment initiatives are expected to boost the industry size during the forecast period.

Notably, food safety and convenience of delivery have been the foundation of online food sales during the COVID-19 pandemic, which has bolstered the market trends in the recent past.

Based on solution, Asia Pacific mPOS terminals industry is divided into software, hardware, tablet, and handheld terminal.

In terms of deployment model, the market is split into on-premises, and cloud-based. Out of which, the cloud-based segment is predicted to gain traction during 2021-2027, due to growing popularity of cloud computing services among SMEs throughout the region.

On the basis of application ambit, the marketplace is branched into warehouse, retail (specialty stores, discount stores, supermarket/hypermarket, department stores, convenience stores, and others), restaurant, hospitality, healthcare, entertainment, and others. Among these, restaurant segment is expected to grow significantly through 2027, owing to improved satisfaction of customers with the contactless nature of mobile ordering, as well as the ease of viewing a menu or making purchases via mobile
devices, and the convenience to avoid long queues.  

VeriFone Holdings, Inc., Touch Dynamic, Square, Inc. (now Block, Inc.), Shenzhen Zhengtong (SZZT) Electronics Co., Ltd., Shenzhen Xinguodu Technology Co., Ltd., Posiflex Technology, Inc., PAX Technology, Inc., PAR Technology Corporation, Panasonic Corporation, Newland Payment Technology (NPT), New POS Technology Limited, NCR Corporation, Micros Systems, Inc., Ingenico Group S.A., Fujian Newland Payment Technology Co., Ltd., Diebold Nixdorf, Inc., Bitel Co., Ltd., BBPOS Limited, and AURES Technologies S.A. are the major players in Asia Pacific mPOS terminals marketplace.