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SELBYVILLE, Del., July 14, 2021 /PRNewswire/ According to the latest report Mobile POS Terminals Market by Solution (Hardware, Software) Deployment (On-Premise, Cloud-Based) Application (Entertainment, Healthcare, Hospitality, Restaurant, Retail, Warehouse), Regional Outlook, Price Trends, Competitive Market Share & Forecast 2027 , by Global Market Insights Inc., the market valuation of mPOS terminals will cross $70 billion by 2027. The market growth can be attributed to the increasing number of smartphone users coupled with the rising usage of UPI payment methods among consumers.
The North America mobile POS terminals market is expected to witness a significant growth over the forecast time period led by the increased acceptance of POS terminals in the hospitality sector.