openPR Logo
Press release

mPOS Technology Market Technological breakthroughs By 2025

08-08-2017 07:13 PM CET | IT, New Media & Software

Press release from: TMR - Research Reports

mPOS Technology Market Technological breakthroughs By 2025

Mobile point-of-sale (mPOS) technology is a dedicated wireless device including smartphone and tablet that functions as a cash register or electronic point of sale terminal. Mobile devices are increasingly adopted by all types of merchants as point-of-sale terminals, and MasterCard’s Mobile point-of-sale (mPOS) program helps acquirers to capitalize on this trend.

For acquiring new merchants and effectively upgrading card payments, mPOS pave the way for an increase in electronic transactions that are safe and secure. mPOS solutions acknowledge card payments from merchants of all sizes that embrace door-to-door salespeople, small businesses and large retailers, via wireless device. mPOS helps in maximizing intuitive user interfaces for both the merchant and consumer for transaction purpose.

The need for mPOS emerged to overwhelm the shortcomings of the fixed POS system and to bridge the gap between POS systems and eCommerce businesses. Using a mobile or any other wireless device as an alternate POS requires less up-front investment and are more affordable to repair or replace than traditional POS systems.

Obtain Report Details:
http://www.transparencymarketresearch.com/mpos-technology-market.html

Flexible platforms enhance merchants with inventory management, sales reporting, customer relationship management tools, and many more services. mPOS devices were extremely disruptive when they first captured the market because of accessible, and affordable ways for merchants of all types to adopt accepting card payments. Since then, consumer’s demand to accept card everywhere, is as high as ever. That led the mPOS firms to recalibrate their strategies.

With the advancement in technology, the market for mPOS has increased significantly. mPOS offers economic benefits by reducing total ownership cost along with higher return on investments due to its streamlined acquisition, increased deployments in large retail chains and remote financial transactions which in turn enhance customer experience.

Security issues like data breaching which were expected to restrain the growth of POS terminals have been reduced with the acquisition of PINs (Personal identification numbers) and Chip-embedded payment cards. Convergence of online and mobile payment channels with the significant growth of mobile app and smartphone industry has been the major driving force for the market adoption.

Mobile point of sale devices enable customers with centralized data base management is another key driver for the market. However, data security issues coupled with extensive government certification and regulation requirement are expected to restrain the market growth in near future. Migration from conventional POS systems to Mobile point of sale devices (mPOS) system is also a key restrain for the market.

The global market for Mobile point-of-sale market is segmented on the basis of solutions, technology, component, application and geography. Based on the solution type, the market is segmented into integrated card reader solutions, card reader accessories, dongles, and sleeves.

On the basis of application the market can be segmented into restaurants, hospitality, healthcare, warehouse, retail, and entertainment. On the basis of component, the market can be segmented into POS software, POS hardware and POS services. mPOS terminals hardware manufacturers including Verifone, Ingenico provide handheld terminals, tablets, and mobile computers.

On the other hand, mPOS terminal software developers such as QVS software Inc. focus on creating software, apps and storage mechanisms that provide functionalities such as managing customer data, reporting capabilities, inventory control, and sales transaction update. Moreover, on the basis of geography the global market is classified into North America, Europe, Middle East and Africa, Asia Pacific and South America.

Get accurate market forecast and analysis on the mPOS Technology Market. Request a sample to stay abreast on the key trends impacting this market.
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=29174

North America is expected to dominate the market, due to increasing demand from application industries in the region. The Asia Pacific mPOS terminals market is expected to gain traction over the forecast period.

Key vendor in the Mobile point of sale (mPOS) Devices market includes VeriFone Systems Inc, Square Inc, First Data Corp, LifePay ZAO, Upserve Inc, Paynear Solutions Private Limited, CardFlight, Inc. Ingenico Group, Zebra Technologies Corp, Hewlett-Packard Development Company, L.P.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release mPOS Technology Market Technological breakthroughs By 2025 here

News-ID: 660604 • Views:

More Releases from TMR - Research Reports

Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2024
Pulmonary Drugs Market is Expected to Reach US$ 28,082.1 Million by the End of 2 …
According to the research report, the global pulmonary drugs market is expected to be worth US$ 28,082.1 mn by the end of 2024 as compared to US$ 48,039.7 mn in 2015. Analysts calculate that the global market will plummet at a CAGR of -6.3% during the forecast period of 2016 and 2024. The market will thrive as the demand for combination drugs is anticipated to remain on the rise during
North America Ventricular Assist Device Market is rising to a valuation of US$ 1.07 Billion by 2024
North America Ventricular Assist Device Market is rising to a valuation of US$ 1 …
According to TMR, the opportunity in the North America market for VADs, which stood at US$0.4 bn in 2015, is likely to expand at a healthy CAGR of 9.20% between 2016 and 2024 and increase to US$1.07 bn by the end of the forecast period. The destination therapy (DT) segment has been reporting a greater application of VADs than the other two indication segments. It is expected to remain the
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million by 2024
Dental Membrane and Bone Graft Substitutes Market to rise to US$ 922.6 Million b …
Transparency Market Research notes that innovation and expansion into emerging regions have served these companies well in strengthening their hold in the dental membrane and bone graft substitutes market. For instance, Switzerland-based Geistlich Pharma AG - a global manufacturer and supplier of dental products and devices - expanded its operations in Sydney, Australia and New Delhi, India in 2016. The global dental membrane and bone graft substitutes market is expected to
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
Human Vaccines Market is Estimated to Reach US$ 72.5 Billion by 2024
The global human vaccines market was valued at US$28.3 bn in 2015 and is estimated to reach US$72.5 bn by 2024, registering an 11.2% CAGR during the forecast period. By age group, pediatric vaccines accounted for a 57.5% share in the global human vaccines market in 2015. Adult vaccines, on the other hand, are expected to expand at a 13.2% CAGR from 2016 to 2024. Based on product, the pneumococcal segment

All 5 Releases


More Releases for POS

The Continuing Growth Story of Restaurant POS System Market | Square, BIM POS, T …
Global Restaurant POS System Market by Player, Region, Type, Application and Sales Channel is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The market Study is segmented by key a region that is accelerating the marketization. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the
POS Software Market is Booming Worldwide with Realtime POS, Alexandria Computers …
Advance Market Analytics released the research report of Global POS Software Market, offers a detailed overview of the factors influencing the global business scope. POS Software Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the POS Software. This Report covers the emerging player's data, including: competitive
Cloud POS Market to 2027 - Square, Intuit, Oracle, Shopify,Toast, Vend, Accu POS …
The global Cloud POS market valued at US$ 4.95 Bn in 2018 and is expected to grow at a CAGR of 21.6% during the forecast period 2019 – 2027, and reach US$ 27.82 Bn in 2027. Key Benefits- - To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Cloud POS Market - To forecast the size of the market segments with
POS Software Market Is Booming Worldwide | Realtime POS, Heartland Payment Syste …
Advance Market Analytics recently introduced POS Software Comprehensive Study by Type Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Realtime POS, Inc. (United States) , Heartland
Global Restaurant POS Software Market Forecast 2018-2025 Loyverse , eZee Techno …
Global Restaurant POS Software Market This report focuses on the global Restaurant POS Software status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Restaurant POS Software development in United States, Europe and China. In 2017, the global Restaurant POS Software market size was million US$ and it is expected to reach million US$ by the end of 2025, with a CAGR of during 2018-2025. Request
Restaurant POS Software Market 2017 - Abacre, Aldelo, Loyverse, Boxy POS, BIM PO …
Apex Research, recently published a detailed market research study focused on the "Restaurant POS Software Market" across the global, regional and country level. The report provides 360° analysis of "Restaurant POS Software Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Restaurant POS Software industry, and estimates the future trend of Restaurant