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The threat of cybercrime is continuously rising but the general awareness and resilience amongst small and medium enterprises remains low. According to the World Bank’s report, Small and Medium Enterprises Finance, they represent 90% of the businesses and more than 50% of the employment worldwide. They are important contributors to job creation and the global economic development. SMEs play a key role in most economies, particularly in developing countries. Some of the prominent key players in POS Security Market are īy organization size, SMEs to grow at the highest CAGR during the forecast period PoS Transactions in Nigeria Rise to N1.05trn in 7 Months – NIBSSĪccording to experts at MarketsandMarkets, growing scale of data breaches that involve POS system compromise and compliance with regulations are some of the factors that are driving the market growth.
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