Global Mobile Point-Of-Sale (mPOS) Terminals Market: Overview
According to a new market report pertaining to the
global mobile point-of-sale (mPOS) terminals
market published by Transparency Market Research the global
mobile point-of-sale (mPOS) terminals market is projected to reach value of US$
152,115.1 Mn by 2027 from US$ 12,126.6 Mn in 2019, expanding
at a CAGR of 37.2% from 2019 to 2027.
Growth of the mobile point-of-sale (mPOS) terminals market can be attributed to
rapid rise in mobile and internet penetration, facilitating growth in retail
sector. Europe is anticipated to lead the global mobile point-of-sale (mPOS)
terminals market, followed by North America, during the forecast period.
Get sample copy of “Mobile Point-Of-Sale (mPOS)
Terminals Market” at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=72787
Mobile Point-Of-Sale (mPOS) Terminals Market: Competition
Dynamics
The research study includes profiles of leading companies
operating in the global mobile point-of-sale (mPOS) terminals market. Key
players profiled in the report include
- Bixolon
Co., Ltd.
- Citizen
Systems Europe GmbH
- Dspread
Technology, Inc.
- Fiserv
Inc. (First Data Corporation)
- Hewlett-Packard
Development Company L.P.
- Ingenico
S.A.
- Intuit,
Inc.
- iZettle
AB
- Oracle
Corporation (MICROS Systems, Inc.)
- PAX
Technology Ltd.
- PayPal
Holdings, Inc
- Posiflex
Technology, Inc.
- Recruit
Holdings Co., Ltd.
- Square,
Inc.
- VeriFone
Systems, Inc.
- Zebra
Technologies Corp.
Rapid rise in mobile and internet penetration,
facilitating growth in retail sector accelerating the growth of mobile
point-of-sale (mPOS) terminals market.
The spread of mobile phones has seen significant rise across
the world in recent years. The evolution of smartphones has fueled the use of
mobile devices by consumers and at organization levels as well. The use of
mobile devices has enabled organizations to provide greater mobility at
workplaces and speed up processes. For example, the use of mobile devices as
point-of-sale terminals at retail stores has permitted faster movement of
customers at the cash counters, thus providing better customer satisfaction.
The growth of e-commerce and home delivery facilities are further driving the
expansion of the mPOS market. mPOS solutions enable merchants to process
payments at customers’ location and eliminate the risks associated with cash
transactions. Thus, mobile and internet penetration is expected to have a
significant impact on the retail sector throughout the forecast period.
mPOS Value-Added Services (VAS), is expected to provide
future opportunity for the growth of the mobile point-of-sale (mPOS) terminals
market.
During the past few years, new vendors successfully
activated millions of merchants by offering schemes that involved no monthly
fees, flat rate percentage pricing, minimal cost hardware, and minimal ongoing
maintenance charges. For instance, the U.S.-based company Level Up started
offering 0% payment processing fees in exchange for obligatory
marketing services. Due to an increasing number of players in the QSR mPOS
market, competition on the basis of pricing among mPOS vendors would be high
during the coming years. Thus, it is seen that the key factors to sustain the
competitive environment would be in product differentiation and offering
value-added services. mPOS vendors need to offer customized mPOS solutions
catering to the needs of specific Industry verticals. Thus, this factor is
expected to positively impact the growth of the mobile point-of-sale (mPOS)
terminals market over the forecast period.
Mobile Point-Of-Sale (mPOS) Terminals Market: Market
Taxonomy
The global mobile point-of-sale (mPOS) terminals market has
been segmented based on solution, industry, authentication and region. In terms
of solution, the mobile point-of-sale (mPOS) terminals market has been
segmented into hardware, software/mobile app and services. Hardware segment is
expected to account for the largest share at 64.0% of the global mobile
point-of-sale (mPOS) terminals market in 2019. Whereas,
service segment is projected to expand at the highest CAGR of 42.9% during
the forecast period. Based on industry, the mobile point-of-sale (mPOS)
terminals market has been divided into restaurants, hospitality, healthcare,
retail, warehouse/distribution, entertainment, transportation, government and
consumer utility services. In which, the retail segment is expected to held the
largest market share at 34.0% of the global mobile
point-of-sale (mPOS) terminals market in 2019. The government
segment is expected to account for highest CAGR of 48.4% of
the global mobile point-of-sale (mPOS) terminals market from 2019-2027. Based
on authentication, the mobile point-of-sale (mPOS) terminals market has been
divided into EMV chip and pin, magnetic-stripe, chip and sign, near field
communication (NFC) and biometrics. In which, biometrics is expected to held
the largest market share at 42.0% of the global mobile point-of-sale (mPOS)
terminals market in 2019. Whereas, near field communication
(NFC) is expected to account for highest CAGR of 44.6% of the global mobile
point-of-sale (mPOS) terminals market from 2019-2027
Research objectives:-
– To study and analyze the global Mobile Point-Of-Sale
(mPOS) Terminals consumption (value & volume) by key regions/countries,
product type and application, history data.
– To understand the structure of the Mobile Point-Of-Sale
(mPOS) Terminals market by identifying its various sub-segments.
– Focuses on the key global Mobile Point-Of-Sale (mPOS)
Terminals manufacturers, to define, describe and analyze the sales volume,
value, market share, market competitive landscape, SWOT analysis, and
development plans in the next few years.
– To analyze the Mobile Point-Of-Sale (mPOS) Terminals with
respect to individual growth trends, future prospects, and their contribution
to the total market.
– To share detailed information about the key factors
influencing the growth of the market (growth potential, opportunities, drivers,
industry-specific challenges and risks).
Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=72787
In the end,
Mobile Point-Of-Sale (mPOS) Terminals industry report specifics the major
regions, market scenarios with the product price, volume, supply, revenue,
production, and market growth rate, demand, forecast and so on. This report
also presents SWOT analysis, investment feasibility analysis, and investment
return analysis.
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