UAE Point-of-Sale Terminal Market Outlook (2022-2028) | Share, Size & 6wresearch
UAE Point-of-Sale Terminal Market Overview
UAE Point-of-Sale Terminal market is expected to register growth over the coming years on account of booming cashless economy supported by government initiatives like the national payments strategy and UAE National Innovation Strategy. However, the market registered a decline in the year 2020 due to the spread of COVID-19 pandemic which resulted in a significant downfall in demand from offline retail, hospitality and entertainment sectors owing to nation wise lockdowns imposed throughout the pandemic.
According to 6Wresearch, UAE Point-of-Sale Terminal market size grew at a CAGR of 6.5% during 2022-28. UAE POS terminal market is anticipated to register substantial growth over the forecast period owing to the rising acceptance of credit cards and debit cards as mode of payments. UAE government have been investing worth billions in their electronic infrastructure through increased roll out of cards, POS terminals and other electronic payment methods. Additionally, government’s aim to increase the financial inclusion rate, including the number of bank accounts, internet access, electronic banking and mobile phone subscriptions along with the advancements in technology like Cloud based POS systems, POS big data analytics, use of AI in POS systems etc. would create multiple prospects for POS terminal market in the country over the coming years.
Key Highlights of the Report
Porter’s Five Force Analysis
Market Opportunity Assessment
Market Drivers, Restraints
Market Evolution and Industry Life Cycle
Market Competitive Landscape
Key Strategic Recommendations
Historical Data and Forecast of UAE Point-of-Sale Terminal Market Revenues for the Period 2018-2028F
Historical Data and Forecast of UAE Point-of-Sale Terminal Market Revenues, By Types for the Period 2018-2028F
Historical Data and Forecast of UAE Point-of-Sale Terminal Market Revenues, By Technology for the Period 2018-2028F
Historical Data and Forecast of UAE Point-of-Sale Terminal Market Revenues, By Regions for the Period 2018-2028F
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- Jul 6, 2022
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