Mobile POS Terminals Market Outlook, Growth By Top Companies like BBPOS, Bitel Co. Ltd., Diebold Nixdorf, Fujian Newland Payment Technology Co, Ingenico Mobile Solutions,NCR Corporation, New POS Technology, Oracle, PAX Global Technology, Posiflex Technolo
Europe mPOS market will experience a significant growth due to the increasing adoption of these systems in the BFSI sector. The banks in the region are adopting these systems to offer customers lesser transaction fees. For instance, in June 2016, Spire Payments has partnered with a leading European bank to implement SPm2 devices in the branches of the bank. The solution will allow roaming services to serve bank customers from anywhere within the branch.
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Mobile POS Terminals Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 18% CAGR to 2024.
The Mobile POS Terminals market report 2018-2024 provides a comprehensive landscape of the industry, accurate market estimates and forecast split by Solution, By Deployment, By Application and regions. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the Mobile POS Terminals, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the Mobile POS Terminals segment competitive environment, diving in to the industry position of each major company along with the strategic landscape.
Key players in the mobile POS market include Fujian Newland Payment Technology Co., Ltd., NCR Corporation, Posiflex Technology, Diebold Nixdorf, and Ingenico Mobile Solutions. These companies are constantly competing to gain the majority share and implementing strategies such as product development for customer-specific requirements. For instance, First Data launched Clover Mobile, an mPOS solution that adds versatility and flexibility to the Clover Station. The solution allows more personal engagement by taking payment experience from off-the-counter to the floor.
The key trend of the growing adoption of cloud-based solutions is expected to impact the mobile POS market positively. Cloud solutions allow the merchants to store and access the product and customer data across multiple platforms. Increasing penetration of internet and smartphones is allowing an increased number of vendors to integrate the systems with cloud-based solutions.
The mobile POS market in the retail sector is expected to witness an upward growth due to the significant expansion of the e-commerce sector. The retailers are implementing these devices to enhance the shopping experience for the customers. Features, such as geolocation, allow the sellers to send sale or discount alerts, coupons, and codes to the customers. These solutions also help the retailers to build customer profiles that store and analyze the purchases and preferences of customers.
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Hardware mPOS market is expected to gain momentum over the forecast timespan due to the increasing penetration of smart handheld devices such as smartphones. The handheld terminals are witnessing a large-scale adoption due to low costs and the easy setup of these systems. Also, these systems do not require a high degree of technical expertise for their operation. The retailers are buying multiple devices for their delivery personnel or installing multiple devices on their billing counters to enhance the customer experience.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Mobile POS Terminal Industry Insights
Chapter 4. Mobile POS Terminal Market, By Solution (Revenue, Shipment)
Chapter 5. Mobile POS Terminal Market, By Deployment (Revenue)
Chapter 6. Mobile POS Terminal Market, By Application (Revenue, Shipment)
Chapter 7. Mobile POS Terminal Market, By Region (Revenue, Shipment)
Chapter 8. Company Profiles
For More Details on this Report At: https://www.marketstudyreport.com/reports/-mpos-mobile-pos-terminals-market
Retail (Point of Sale) POS Terminals Market Application Potential, Price Trends, Competitive Market Share & Forecast, 2017 - 2024
Retail POS Terminals Market size is projected to be worth over USD 40 billion by 2024. Technological advancements such as the advent of near field communication (NFC) technology and biometrics has revolutionized the retail POS terminals market. Integrated card machines allow the usage of multiple payment techniques and can also gather data for providing in depth analysis.
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