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Oracle is moving its headquarters to Austin
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Elon Musk moves from California to Texas, triggering shockwaves
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UAE Point-of-Sale Terminal Market revenue is projected to grow at a CAGR of 7.7% during 2020-2026
UAE point-of-sale terminal market is anticipated to register significant growth over the forecast period on account of the rising acceptance of cloud-based technologies and technological advancements in the country.
Government initiatives such as UAE National Innovation Strategy, UAE Strategy for Future, UAE Vision 2021, among others would play a pivotal role in increasing the financial inclusion rates of the country, thereby fueling the adoption of cashless transactions for availing various services.
COVID-19 pandemic has resulted in a nation-wide lockdown to curtail the spread of the virus thus leading to falling in POS terminals transaction, however, as the economy starts reviving gradually, the aforementioned market is expected to gain momentum on account of a rapid shift towards cashless modes of transactions. Furthermore, a trend boosting the POS terminal market is the adoptio