Mobile POS terminals have developed from simple tools for payment processing to sophisticated analytics service providers with improved processing power and support for wireless communication. This terminals ' inflection came with the introduction of consumer-grade products such as business-use tablets. Ubiquitous wireless networking such as Bluetooth, mobile printer availability, printers, card readers, and peripheral devices; and multiple platform support have powered the mobile POS terminal market in various applications. With the growth of the global e-commerce & retail market, demand is growing for fast, reliable and safe payment processing systems, encouraging retailers to introduce mobile POS terminals as they provide better and quicker customer support and help drive sales efficiency.
MARKET DYNAMICS
It is anticipated that sophisticated data analytics, rising credit card purchases and ever-changing customer demands will propel the mobile POS terminals industry. This development has enabled retailers to incorporate new customer service technologies and approaches. Mobile apps have the potential to build new opportunities for sales growth; as a result, vendors are constantly seeking to recognize the different marketing platforms available to exploit innovative technology. Owing to low deployment costs, the versatility of providing a tablet-based mobile POS has prompted SMBs to invest in that technology. The features driving mPOS terminals demand over conventional or fixed terminals are reduced customer time in queue, improved security, free floor space and paperless receipt services. Growing tablet app penetration, increasing SMB and micro-merchant base, the need for successful line-busting schemes to promote card adoption is expected to drive market growth over the coming years. Nonetheless, a lack of standardization and data security issues could hinder market growth for mobile POS terminals. Increased Near Field Contact (NFC) penetration in mobile devices is expected to augment demand.
MARKET SCOPE
The "Global MPOS terminals Market Analysis To 2028" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The MPOS terminals market report aims to provide an overview of the MPOS terminals market with detailed market segmentation by component, application, and geography. The global MPOS terminals market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading MPOS terminals market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global MPOS terminals market is segmented on the basis of component, application. Based on component, the MPOS terminals market is segmented into: Hardware, and Software. On the basis of application, the market is segmented into: Restaurants, Hospitality, Healthcare, Retail, Warehouse, Entertainment, and Others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global MPOS terminals market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The MPOS terminals market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the MPOS terminals market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South& Central America after evaluating political, economic, social and technological factors affecting the MPOS terminals market in these regions.
MARKET PLAYERS
The reports cover key developments in the MPOS terminals market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from MPOS terminals market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the MPOS terminals market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the MPOS terminals market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Bixolon Co., Ltd.
- Citizen Systems Europe GmbH
- Dspread Technology, Inc.
- Fiserv Inc.
- Hewlett-Packard Development Company L.P.
- Intuit, Inc.
- iZettle AB
- Oracle Corporation
- PAX Technology Ltd.
- Posiflex Technology, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.