Press release
Global Mobile POS System Market Size, Industry Trends, Share and Forecast 2021-2027
The global mobile POS system market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). A mobile POS or mPOS is a point-of-sale system that is a smartphone or mobile integrated device. The system offers a consumer to initiate a contactless, secure, and remote payment by using a wireless application. Mobile POS system is designed with software and hardware equipment including radio frequency identification device (RFID), smart card, and Wi-Fi among others. The mPOS terminal is widely accepted globally owing to its efficient features including sending and receiving an invoice, controlling assets, and inventories, tracking signatures at the counters and transmitting digitizing notes.The emergence of technological advancement in payment methods with the rising shift towards digitalization and euro chip card reimbursement is anticipated to drive the global mobile POS system market during the forecast period. The rising initiatives by the government to support the implementation of digital technologies concerning advanced payment system is expected to boost the market growth during the forecast period. Additionally, the growing adoption of NFC-enabled, contactless payment systems is further supporting the growth of the global mobile POS system market during the forecast period.
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Additionally, the key players present in the global mobile POS system market include PAX Technology Ltd., HP Inc., Cisco Systems, Inc., Panasonic Corp., Toshiba Corp., and others adopted various strategies that include product launches, mergers & acquisitions, among others to remain competitive in the market. For instance, in November 2019, Visa Inc. announced a partnership with Clip with the strategic initiative to support mobile POS devices in Mexican merchants. Additionally, in October 2019, Samsung Electronics announced to merge with Mobeewave Inc., to emerge an extremely secure, NFC-enabled, and contactless payment acceptance on mobile devices.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered-
· By Type
· By Enterprise Size
· By End-User
· Competitive Landscape- PAX Technology Ltd., HP Inc., Cisco Systems, Inc., Panasonic Corp., Toshiba Corp., and others.
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A full Report of Global Mobile POS System Market is Available at: https://www.omrglobal.com/industry-reports/mobile-pos-system-market
Global Mobile POS System Market Report Segmentation
By Type
· Card Reader
· Chip-and-PIN Reader
· Others
By Enterprise Size
· Large Enterprises
· Small & Medium Enterprise (SMEs)
By End-User
· Restaurants
· Retail
· Healthcare
· Hospitality
· Entertainment
· Others
Global Mobile POS System Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
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Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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