Press release
mPOS Terminals Market To Witness A Pronounce Growth During 2021 To 2026 | Ingenico Mobile Solutions, NCR Corporation, First Data Corporation
mPOS Terminals Market
Handheld mPOS terminals are turning out to be vital for small and medium-sized retail outlets as it helps in enhancing customer’s shopping experience. These terminals allow shoppers to make payments through debit & credit cards, mobile wallets, and EMV/chip cards, lowering payment processing time for stores. Integration of advanced technologies like biometric fingerprint ID and facial detection could facilitate improved authorized and secured transactions.
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The development of digital wallet solutions is impelling organizations to deliver cloud-based POS systems that are also compatible with digital wallet solutions. For instance, ePaisa, a prominent Mumbai-based mPOS app, provides omnichannel payment acceptance like digital wallets, cards, UPI, as well as QR scans. This empowers SMBs to run their business effectively, increasing profitability and efficacy.
The hospitality sector is observing a high adoption of mPOS terminals to improve guest experience and to offer them a way to process their transactions more conveniently. The device offers on-demand reporting, visual reports, high-level security and encryption, as well as handheld/mobile capabilities for coffee shops, retirement communities, hotels, amusement parks, and resorts. Numerous firms are also providing these systems, permitting them to manage inventory and stock.
Cloud-based mPOS solutions are expected to witness lucrative demand owing to its remarkable benefits like flexible functionalities and low cost. They offer consumers the ability to efficiently use POS platform with the help of a stable internet connection.
Rapid development in the technological landscape and rampant expansion across the retail sector is expected to fuel LATAM mPOS Terminals market growth. Big retail firms in LATAM are now offering convenient and fast online retail services, and investing in new development activities to streamline online payment systems.
Overall, the aforementioned trends are likely to offer an array of business growth opportunities for mPOS terminals market. The competitive market landscape is home to companies like Shenzhen Xinguodu Technology Co., Ltd., Square, Inc. First Data Corporation, NCR Corporation, PAX Global Technology, Oracle (Micros), Verifone, Fujian Newland Payment Technology Co., Ltd., Zebra Technologies, BBPOS, SZZT Electronics, Diebold Nixdorf, Posiflex Technology, New POS Technology, Bitel Co., Ltd., Ingenico Mobile Solutions among others.
Prominent market players, which include PAX Global Technology, NCR Corporation, and Ingenico Mobile Solutions, among others, are expanding their product offerings so as to increase their market presence. Citing an example, Verifone, back in January 2015, announced the launch of its new android-based POS solutions thereby targeting large retailers.
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Partial Chapter of the Table of Content
Chapter 4. mPOS Terminals Market, By Solution (Revenue, Shipment)
4.1. mPOS Terminals Market Key trends by solution
4.2. Hardware
4.2.1. Market estimates and forecast, 2015 – 2026
4.2.2. Handheld terminal
4.2.2.1. Market estimates and forecast, 2015 – 2026
4.2.3. Tablet
4.2.3.1. Market estimates and forecast, 2015 – 2026
4.3. Software
4.3.1. Market estimates and forecast, 2015 – 2026
Chapter 5. mPOS Terminals Market, By Deployment (Revenue)
5.1. Key trends by deployment
5.2. On-premise
5.2.1. Market estimates and forecast, 2015 – 2026
5.3. Cloud-based
5.3.1. Market estimates and forecast, 2015 – 2026
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/mobile-point-of-sale-mpos-terminals-market
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Global Market Insights, Inc.
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