Product ID: UCMIR45I2143
Report ID:
UCMIR45I2143 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Middle East and Africa's Point of Sale (PoS) market is anticipated to experience a robust growth, with an estimated Compound Annual Growth Rate (CAGR) of 16.8% over the forecast period. The global PoS systems market is expected to witness significant expansion, surging from USD 25.28 billion in 2022 to an estimated USD 81.15 billion by 2030. The Middle East and Africa, specifically, are emerging as burgeoning markets for Point of Sale terminals, with a noticeable rise in the adoption of electronic payments, especially in urbanized regions and more economically developed countries like the United Arab Emirates (U.A.E) and South Africa.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR45I2143