According to a new report, published by KBV research, The Global SoftPoS Market size is expected to reach $1.04 billion by 2030, rising at a market growth of 20.0% CAGR during the forecast period.
The Retail segment is leading the Global SoftPoS Market by End-User in 2022; thereby, achieving a market value of $407.3 Million by 2030. The retail sector's high volume of transactions and minor payments drives merchants to adopt tap-on-phone solutions that enable them to accept contactless payments directly from mobile devices. Retailers can utilize SoftPoS for temporary setups, pop-up stores, or events. Deploying SoftPoS solutions on mobile devices will lead to processing payments efficiently without the need for dedicated hardware.
The Medium Business segment is experiencing a CAGR of 21.8% during (2023 - 2030). The versatility of softPoS solutions enables medium-sized businesses across various industries to improve payment processing, customer experience, and operational efficiency in unique and tailored ways. For example, medium-sized bed and breakfasts, inns, or boutique hotels can adopt SoftPoS for seamless payment processing during check-in and check-out, enhancing the guest experience.
The North America region dominated the Global SoftPoS Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $377.6 Million by 2030. The Europe region is estimated to grow at a CAGR of 19.8% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 20.7% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/softpos-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Worldline (Ingenico Group), CM.com N.V., EMI Global Corp (M4Bank), Fime SAS, Wizzit (Pty) Ltd, Tidypay AS, Bindo Labs, Inc., Fairbit LLC, Alcinéo, Asseco Group (Asseco Poland S.A.)
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By Enterprise Type
By Geography
Companies Profiled
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