The Latin America, Middle East and Africa Mobile POS Terminals Market would witness market growth of 12.7% CAGR during the forecast period (2022-2028).
A mobile POS system can be easily integrated with the existing PSO system. Even if the business already has a traditional POS system, they can utilize an mPOS during high traffic to avoid sales register backups and smoothen customer service. With mPOS, valuable space in retail can also be freed up as this system can be paired with existing POS technology like cash registers, barcode scanners, or printers, so the user doesn’t have to spend more on any equipment.
Integrating even one mobile point of sale into the business transaction-handling processes can enhance the customer experience by making it comfortable and faster and accepting payment and alternative payment methods. Taking a more comprehensive range of payment options will aid the business in reaching more customers, enhancing the checkout process, increasing customer loyalty, assisting the brand in staying competitive, and surging brand trust among customers.
The UAE has a robust food and beverages industry due to being among the most preferred tourist locations. The spending capacity is also high among people in the UAE, which has caused many innovative and luxury restaurant chains to establish their branches nationwide. The presence of a robust restaurant industry and the high competition to provide the best services to the customers is expected to increase the utilization of mobile POS terminals to achieve top-notch services, and minimal billing or ordering time will propel the market growth in the LAMEA region.
The Brazil market dominated the LAMEA Mobile POS Terminals Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,131.2 million by 2028. The Argentina market is experiencing a CAGR of 13.3% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 12.4% during (2022 - 2028).
Based on Component, the market is segmented into Hardware and Software. Based on Type, the market is segmented into Handheld Terminals, Smartphone & Others and Tablets. Based on Application, the market is segmented into Retail, Healthcare, Hospitality, Entertainment, Restaurant, Warehouse and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Mobile POS Terminals Market is Predict to reach $53.3 Billion by 2028, at a CAGR of 9.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fiserv, Inc., Oracle Corporation, Panasonic Holdings Corporation, Samsung Electronics Co., Ltd., Hewlett Packard Enterprise Company (HP Development Company L.P.), NEC Corporation, VeriFone Holdings, Inc. (Francisco Partners), Zebra Technologies Corporation, and PAX Global Technology Limited.
By Component
By Type
By Application
By Country
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