According to the recent research report titled ‘North America mPOS Terminals Market Forecast 2027 By Solution By Deployment, By Application, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’ available with MarketStudyReport, North America mPOS terminals market is predicted to generate revenues worth USD 20 billion by 2027.

The advancements & quick adoption of multiple technologies, rising online sales in a variety of sectors, and the proliferation of emerging trends like digital commerce, online grocery ordering, contactless payment methods, & other omnichannel capabilities are driving North America mPOS terminals market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4966042/  

Many of these new purchase habits are motivated by customer convenience, and they shall become routine once customers become used to them. The expansion of digital payment options has mirrored the increase in traffic on online platforms, and the simplicity with which smartphone apps for UPI-based transactions can be used has aided the adoption of cashless transaction techniques significantly, thus accelerating industry development.

The marketplace is segmented based on solution, application, deployment, and regional landscape. The solution landscape is bifurcated into software, and hardware (handheld, tablet). The introduction of new handheld terminals with stronger software is bolstering the hardware mPOS terminals market segment in North America and is expected to have steady growth through the study analysis.

Considering the application spectrum, North America mPOS terminals industry is segmented into retail (department stores, convenience stores, hypermarket, discount stores, specialty stores, & others), restaurants, hospitality, healthcare, entertainment, and warehouses. The retail vertical is anticipated to record substantial growth owing to the rapid expansion of retail business in North America which is spurring the adoption of mobile point-of-sale terminals given its direct outcome of cutting-edge technologies to promote the shopping experience

In terms of deployment type, the market is divided into cloud-based and on-premises services. The on-premises segment is poised to observe notable expansion during the speculated timeline attributed to the potential of on-premises mPOS systems to deliver important data insights to the organization which is why companies are increasingly embracing them. The data acquired can be accessed via browsers and applications, allowing it to be accessed from any desktop or mobile device.

The regional landscape of North America mPOS terminals industry spans across Canada and the U.S.

The competitive landscape of business sphere is formulated by companies such as Zebra Technologies, Adyen N.V., 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.