Press release
Mpos Terminals - Growing Popularity and Emerging Trends in the Market | Diebold Nixdorf, First Data Corporation, Square, Verifone, Zebra Technologies, Agilysys, CitiXsys - iVend Retail, Epos Now, iZettle, Revel Systems, Shopify, Toast, Inc., TOSHIBA Globa
Mpos Terminals Market
The major manufacturers covered in this report are BBPOS, Diebold Nixdorf, First Data Corporation, Ingenico Mobile Solutions, 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, ShopKeep, Square, Squirrel Systems, Toast, Inc., TOSHIBA Global Commerce Solutions, Inc
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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.
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.
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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.
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. Data security concerns regarding wireless technology devices and a rise in cybercrimes are among a few growth restraints.
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Major Key Points in 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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