According to the recent research report titled ‘Europe mPOS Terminals Market Forecast 2027 By Application, By Solution By Deployment, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, Europe mPOS terminals market is expected to accrue a valuation of USD 15 billion by 2027.

The advancements in technologies with quick payment options, rising online sales in a variety of industries such as digital commerce, online grocery ordering, etc., and growing digital payments trends including contactless payment methods are fueling Europe mPOS terminals market growth.

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In today's digital world, several firms feel that investing in a cutting-edge mPOS system with key leaders focusing on strategic alliances with well-established software businesses will speed up the product innovation process. The expansion of digital payments has mirrored the increase in traffic on online platforms, which in turn is amplifying the scope of the overall industry vertical in Europe.

The marketplace is segmented based on solution type, application reach, deployment type, and regional landscape. The solution landscape is bifurcated into software, hardware, handheld, and tablet.

In terms of application scope, Europe mPOS terminals industry is segmented into retail, restaurants, hospitality, healthcare, entertainment, department stores, convenience stores, hypermarket, discount stores, specialty stores, warehouses, and other stores. Of these, the retail segment is poised to record significant growth during the assessment timeframe owing to the retailers’ aspirations to facilitate their consumers with mPOS solutions that help in shortening long queues, give crucial data to personnels and enhance the overall shopping experience.

In terms of deployment type, the market is divided into cloud-based and on-premises services. The cloud-based deployment vertical is estimated to grow substantially during the forecast period due to its growing popularity in countries like Spain, Russia, and the United Kingdom, and also among small companies & restaurants. Due to their cost-effectiveness and space constraints, small retailers are urged to deploy cloud-based mPOS systems.

The regional landscape of Europe mPOS terminals market spans across U.K., Germany, France, Italy, Spain, and Russia.

The competitive landscape of the business sphere is formulated by companies such as Zebra Technologies, Fujian Newland Payment Technology Co., Ltd., Oracle Corporation, AURES Technologies S.A., NCR Corporation, BBPOS Ltd., Panasonic Corporation, Bitel Co., Ltd., PAX Global Technology, Diebold Nixdorf, Inc., First Data Corporation, Ingenico Group, Posiflex Technology, Square Inc., SZZT Electronics, Zebra Technologies, and Verifone Holding Inc.