Press release
Mobile Point of Sale Devices (mPOS) Market Share to witness steady rise in coming decade | Ingenico Group S.A. ,VeriFone Inc., PAX Global Technology Limited
Read more about Mobile Point of Sale Devices (mPOS) Market here: https://www.globalinsightservices.com/reports/mobile-point-of-sale-devices-mpos-market/
A mobile point of sale device is a handheld device that can be used to process credit and debit card payments anywhere. This can be done by either swiping the card through the device, or by using the device to take a picture of the card and then process the payment. This is a convenient way to process payments, as it means that businesses can take payments anywhere, without needing to have a physical POS terminal. This can be particularly useful for businesses that operate in a mobile environment, such as food trucks or market stalls.
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Key Trends
There are several key trends in mPOS technology.
First, mPOS devices are becoming more portable and easier to use. This is making them more popular for businesses that need to accept payments on the go, such as restaurants, hotels, and retail stores.
Second, mPOS devices are becoming more sophisticated, with features such as built-in printers and scanners. This allows businesses to accept a wider range of payment types and to provide a more comprehensive customer experience.
Key Drivers
Some of the key drivers of the mobile point-of-sale devices market are the need for quick and easy transactions, the need for flexibility and mobility, and the increasing adoption of smartphones and tablets.
Quick and easy transactions are one of the main drivers of the mobile point-of-sale devices market. Mobile point-of-sale devices allow customers to make transactions quickly and easily, without the need to stand in line or fill out paperwork.
Flexibility and mobility are other drivers of the mobile point-of-sale devices market. Mobile point-of-sale devices are typically small and lightweight, making them easy to carry around.
Market Segmentation
By Component
Hardware
Software
By End-Use
Retail
Restaurants
Healthcare
Others
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Key Players
Ingenico Group S.A.
VeriFone Inc.
PAX Global Technology Limited
Shopify Inc.
Square
Sap SE
Intuit Inc.
NEC Corporation
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