Consumers are inclining towards virtual payment (POS) terminals as they are more digital, agile and innovative than a traditional payment processes. These solutions have successfully taken over various verticals, including payments and transfers, among others. The rise in the adoption cashless digitalized payment systems is being witnessed throughout the globe with the recent trend of going 'cashless'. Google Pay and Amazon even offer loyalty rewards in the form of discounts to their consumers for making payments through their applications.

Global Virtual Payment (POS) Terminals Market was valued at USD 6.10 billion in 2021 and is expected to reach USD 118.31 billion by 2029, registering a CAGR of 29.50% during the forecast period of 2022-2029. Retail segment is expected to witness high growth during the forecast period owing to the expansion of e-commerce sector. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Global Virtual Payment (POS) Terminals Market Scope and Market Size

The virtual payment (POS) terminals market is segmented on the basis of solution and industry vertical. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

Professional Services
Software Platforms

Industry Vertical

Consumer Electronics
Retail
Warehouses
Hospitality
Food and Beverages

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Virtual Payment (POS) Terminals Market Regional Analysis/Insights

The virtual payment (POS) terminals market is analysed and market size insights and trends are provided by country, solution and industry vertical as referred above.

The countries covered in the virtual payment (POS) terminals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Some of the major players operating in virtual payment (POS) terminals market are

Google (US), Amazon (US), Paytm (India), Ingenico Group. (France), VeriFone, Inc. (US), First Data Corporation (US), NCR Corporation (US), Diebold Nixdorf, Incorporated (US), Elavon Inc. (US), Castles Technology (Taiwan), EGIDE (India), Squirrel Systems (Canada), Newland Payment Technology (Brazil), CitiXsys Technologies (India), PAX Technology (China), Shenzhen Xinguodu Technology Co., Ltd (China), and Panasonic Corporation (Japan), among others

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About Data Bridge Market Research, Private Ltd

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