Press release
Mobile POS Terminals Market Is Booming Worldwide - Dominated By Diebold Nixdorf, First Data Corporation, NCR Corporation, MICROS Systems Inc, Square, Motorola Mobility, Agilysys, CitiXsys - iVend Retail, iZettle, PayPal, Revel Systems
Mobile POS Terminals Market
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The growing sales transaction through the card-based mode of payment is expected to fuel the mPOS terminal market growth. Industry players are investing in the development of advanced software solutions for data analytics, multiple platform support, and tracking of customer data. In addition, companies have been focusing on creating revenue channels by providing accessories such as card readers and dongles for card swipe, mobile printers, and peripheral devices.
Key Companies - Global Mobile POS Terminals Market: -
• Diebold Nixdorf
• First Data Corporation
• NCR Corporation
• MICROS Systems Inc
• Square
• Verifone
• Zebra Technologies
• Apple
• HP
• Motorola Mobility (a Lenovo Company)
• Samsung Electronics
• Agilysys
• CitiXsys - iVend Retail
• Epos Now
• iZettle
• PayPal
• Revel Systems
• Shopify
• Square
• Toast, Inc.
• TOSHIBA Global Commerce Solutions, Inc
Mobile apps offer additional revenue growth opportunities for market players targeting SMBs, micro-merchants, and small retailers. The benefits of mPOS terminals including reduced wait times for customers, enhanced security features, paper-free receipting services, and free floor space, which have enabled the adoption and growth of the market. Furthermore, the integration of new technology solutions, such as biometric identification, RFID (Radio Frequency Identification), and VoIP (Voice Internet Protocol), alleviates the security and performance of mPOS devices thereby stimulating the growth of the global mPOS terminal market.
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The surge in volume of card transactions is expected to favorably impact mPOS terminal market growth. The decline in the average selling price of tablet devices over the past few years has resulted in a sharp growth across regions including China, India, Brazil, and Mexico. Tablets/smartphones can also be converted into payment terminals through mobile apps and the use of sleeves or dongles for card swipe.
Government efforts to accelerate and promote cashless transactions through digital payments serve as a key driving factor for mPOS terminal market growth. For instance, in 2016, the demonetization in India resulted in the conversion of payment modes from cash-based payments into card transactions. In addition, the universal acceptance and transition toward EMV (MasterCard, Visa, EuroPay) chip card aids in improving the reliability and security of a cashless transaction.
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The rising transition toward the use of tablets and other consumer-grade devices for managing payment processing needs will drive the mPOS software market. The increased penetration of Near-Field Communication (NFC) and contactless payment and the standardization of the EMV technology are expected to facilitate the mPOS terminal market growth. Various mobile wallet channels and online portals have created additional revenue growth opportunities for market players as they offer ease-of-use and convenience for customers.
Table of Content: -
Chapter 4. mPOS Terminal Market, By Solution (Revenue, Shipment)
4.1. Key trends by solution
4.2. Hardware
4.2.1. Market estimates and forecast, 2013-2024
4.2.2. Market estimates and forecast, by region, 2013-2024
4.2.3. Handheld terminal
4.2.3.1. Market estimates and forecast, 2013-2024
4.2.3.2. Market estimates and forecast, by region, 2013-2024
4.2.4. Tablet
4.2.4.1. Market estimates and forecast, 2013-2024
4.2.4.2. Market estimates and forecast, by region, 2013-2024
4.3. Software
4.3.1. Market estimates and forecast, 2013-2024
4.3.2. Market estimates and forecast, by region, 2013-2024
Chapter 5. mPOS Terminal Market, By Deployment (Revenue)
5.1. Key trends by deployment
5.2. On-premise
5.2.1. Market estimates and forecast, 2013-2024
5.2.2. Market estimates and forecast, by region, 2013-2024
5.3. Cloud-based
5.3.1. Market estimates and forecast, 2013-2024
5.3.2. Market estimates and forecast, by region, 2013-2024
Browse Complete Table of Content @ https://www.gminsights.com/toc/detail/mobile-point-of-sale-mpos-terminals-market
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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