Handheld Point of Sale (POS) Device Market Insights, Technology Advancements and Forecast 2025 | Ingenico Group , Casio Computer , Datalogic

Market Overview:

Handheld POS devices are portable terminals that retail businesses and restaurants use to process payment card transactions at the point of sale. They provide convenience in processing transactions away from the cash counter and help speed up queues.

Market Dynamics:

The growing number of convenience stores around the world owing to changing consumer lifestyles and busy schedules is driving the demand for handheld POS devices. Convenience stores require efficient payment processing solutions that allow customers to quickly pay for items they purchase. Handheld POS devices enable staff to process transactions anywhere within the store premises, thereby enhancing customer experience. Moreover, the growing adoption of contactless and proximity mobile payment solutions is prompting retailers and restaurant owners to invest in portable payment acceptance POS terminals for better mobility.

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Market Drivers for Handheld Point of Sale (POS) Device Market:

Increasing Adoption of Mobile Payments Creates High Demand for Handheld POS Devices:

With digitization and growing popularity of contactless payments, many businesses are encouraging their customers to make payments using digital wallets, debit cards, credit cards, etc. This has significantly increased the adoption of mobile payments in recent years. Handheld POS devices allow merchants to accept all types of digital payment methods on the go. Their compact size and portability make them ideal for accepting payments anywhere. This growing shift towards cashless transactions is a key factor driving the demand for handheld POS solutions.

Rising Popularity of Cloud-Based POS Systems Boosts the Need for Connected Handheld Devices:

Cloud-based POS systems offer various benefits like real-time reporting, remote management, software updates over-the-air, and multi-store visibility to businesses. These cloud POS platforms are compatible with a variety of handheld devices that can connect to the cloud and sync transaction data in real-time. This enables merchants to access sales reports and manage inventory from any location. The widespread adoption of cloud-based POS is fueling the requirement for integrated and connected handheld POS terminals across industries.

Market Restrain for Handheld Point of Sale (POS) Device Market:

Lack of Technical Expertise Hampers Adoption of Advanced POS Functionalities:

While handheld POS devices offer powerful features, their effective utilization depends greatly on the technical know-how of users. Proper training is required to leverage capabilities like inventory management, customer relationship management (CRM), analytics, and other applications. Many small merchants lack dedicated IT staff or training budget to learn advanced functionalities. This acts as a restrain as they tend to stick to basic payment acceptance instead of fully capitalizing on the capabilities of these devices. Advanced functionalities remain underutilized due to the technical skill gap, slowing the growth potential of the handheld POS market.

Market Opportunity for Handheld Point of Sale (POS) Device Market:

Growing E-commerce Sales Create Demand for mPOS Solutions in Delivery Applications:

The global e-commerce industry has witnessed tremendous growth over the past few years. More consumers are shopping online and preferring doorstep delivery of products. This has opened up opportunities for handheld POS devices in delivery applications. Merchants are equipping their delivery staff with mobile card readers to facilitate payments on delivery. It allows drivers to obtain customer signatures, accept card or digital payments, and send receipts on the spot. The booming e-commerce sector is driving demand for integrated mPOS solutions tailored for delivery and last-mile applications.

Market Trends in Handheld Point of Sale (POS) Device Market:

Emergence of Omnichannel Retail Drives Integration of POS Systems Across Online and Offline Channels:

Today's retail landscape is undergoing a massive transformation with omnichannel emerging as a dominant business strategy. Retailers are integrating their online and physical storefronts to provide a seamless shopping experience to consumers. This requires synchronization of POS systems across all sales channels. Handheld devices play a key role by enabling associates to check product availability, process orders, and provide updates across digital and traditional stores. Their mobility allows omnichannel execution even beyond traditional retail settings. The rising omnichannel retail trend is a major driver for advanced technologies that can integrate POS functionality across online and offline customer touchpoints.

Key Players Includes:

✦ Ingenico Group
✦ Casio Computer
✦ Datalogic
✦ First Data Corporation
✦ Fujitsu
✦ Honeywell International
✦ NCR Corporation
✦ Motorola Solutions
✦ Oracle
✦ Verifone

By Types:

✦ Traditional POS
✦ Smart POS

By Application:

✦ Healthcare
✦ Retail
✦ Hospitality
✦ Airport
✦ BFSI
✦ Others

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Competitive Analysis:

✔︎ Global Players Revenue Ranking
✔︎ Revenue by Company
✔︎ Global Players Sales Volume Ranking
✔︎ Sales Volume by Company Players
✔︎ Average Price by Company
✔︎ Manufacturing Base Distribution and Headquarters
✔︎ Product Offered
✔︎ Mergers & Acquisitions, Expansion

Major highlights from Table of Contents:

☛ It includes major manufacturers, emerging player's growth story, and major business segments of keyword Market Opportunities & Growth Trend to 2031 market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
☛ Opportunities & Growth Trend to 2031 Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
☛ Production by Region Handheld Point of Sale (POS) Device Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.

Market Report Answers the Following Questions:

1. At what growth rate will the market be projected to grow during the forecast period of 2024 to 2031?
2. What will be the market value in the future?
3. What are the key opportunities of the market?
4. Who are the major players operating in the market?
5. How feasible is Market for long-term investment?
6. What are the market's opportunities, risks, and general structure?
7. What does a business area's assessment of agreements, income, and value implicate?

Reasons to Purchase Report:

• Evaluation of market share for regional and country-level segments.
• Market analysis of top industry players.
• Strategic recommendations for new entrants.
• All mentioned segments, and regional market forecasts for the next 10 years.
• Market Trends (Drivers, Difficulties, Opportunities, Threats, Challenges, Investment Opportunities and Recommendations)
• The report offers a detailed analysis of prime factors that impact the market growth such as key market players, current market developments, and pivotal trends
• The report includes an in-depth study of key determinants of the global market including drivers, challenges, restraints, and upcoming opportunities.
• The report helps existing manufacturers and entry-level companies devise strategies to battle challenges and leverage lucrative opportunities to gain a foothold in the global market.

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