12-21-2016 10:54 AM CET - IT, New Media & Software

Global Mobile Point-of-Sale (mPOS) Industry : Insights, Development, Research and Forecast 2016-2022

Press release from: mPOS
Albany, NY, 20 DEC: There is a growing push around the globe toward technology-enabled financial inclusion of the masses at the bottom of the pyramid and of small businesses. Mobile-enabled technology is seen to be a catalyst to achieve this goal, as mobility leads to faster deployment and improved quality of services. Moreover, mobility-based solutions are cost effective and offer ease of use. Mobility has led to the emergence of new business models in the payment space, driving innovation in the way financial transactions happen. A key aspect for the success of emerging models is the convergence of the diverse needs of merchants, customers, telecom operators, banks, and device vendors.

Mobile point-of-sale (mPOS) refers to specialized integrated devices such as tablets and smartphones that are capable of functioning as electronic point-of-sale terminals. These smartphones and tablets can also be converted into payment terminals through the use of dongles or sleeves. Countries such as the U.S., the U.K., and Japan have seen faster adoption of mPOS during the last few years due to favorable conditions such as high card penetration and a large installed base of smartphone and Internet users. Other economies, such as China, India, Brazil, and Mexico, are fast becoming key areas of investment for players involved in the mPOS ecosystem due to a combination of favorable macroeconomic factors. These include a rapidly growing smartphone base, a large number of small and micro merchants, and favorable government policies.

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This research report provides in-depth analysis of the global mPOS market based on solution types, technology, end-use, and geography. In terms of regions, the report segments the global mPOS market into India, China, Mexico, Brazil, and Rest of the World (RoW); these regions are analyzed in terms of shipment and installed base. Additionally, based on solution type, the mPOS market has been segmented into integrated card reader solutions and card reader accessories. Card reader accessories include dongles and sleeves. Various technologies being employed in mPOS solutions include EMV chip and pin, magnetic-stripe, chip and sign, near field communication (NFC), biometrics, and hybrid technology solutions. End-use segments considered under the scope of the study include restaurants, hospitality (lodging), healthcare, retail, warehouse/distribution, entertainment, transportation, government, and consumer utility services. The study provides shipment and installed base data for all the segments across the geographies considered in the study.

The report analyzes the factors that drive and restrain the growth of the mPOS market. The report also discusses the prevailing market trends, prospective growth opportunities, and major strategies to increase the popularity of mPOS solutions. It also provides the market estimates and forecasts for all the segments in terms of shipment and installed base. Also provided is the market positioning of key players in the global mPOS market.

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Additionally, the report includes competitive profiling of the major players in the mPOS ecosystem. Major business strategies adopted by them, their market positioning, and various recent developments have also been identified in the research report. The companies profiled in the report are Ingenico S.A., PAX Technology Ltd., Oracle Corporation (MICROS Systems, Inc.), VeriFone Systems, Inc., Hewlett-Packard Development Company L.P., Toshiba Corporation, Intuit, Inc., First Data Corporation, iZettle AB, PayPal Holdings, Inc., and Square, Inc.

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