Press release
Mobile Point-of-Sale (mPOS) Market New Business Opportunities & Investment Research Report
According to the research study, the global Mobile Point-of-Sale (mPOS) Market will reach US$4.2 bn by 2017. Further, expanding at an exceptional CAGR of 35.40% during the period from 2017 to 2025, the opportunity in this market is anticipated to attain a value of US$47.7 bn by the end of the forecast period. Currently, the demand for card reader accessories is much higher than integrated card reader solutions and the trend is projected to remain so over the next few years. NFC, EMV chip and pin, and hybrid technology are predicted to maintain their demand in this market in the near future. Among end users, the retail industry is likely to continue commanding a high number of mPOS solutions over the forthcoming years. Geographically, Europe is at the forefront of the global mPOS market at present. Researchers expect the scenario to remain same throughout the period of the forecast, notes the research study.
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Promising Opportunities in U.K., U.S., and Japan Propel Market’s Growth
“With favorable conditions, such as increasing penetration of cards and a burgeoning installed base of smartphone and Internet users, many a countries, particularly the U.K., the U.S., and Japan, are offering advantageous opportunities for the growth of the global market for mPOS,” states a TMR analyst. People across the world are preferring cashless transactions, especially mobile payments, which is the main factor behind the significant growth of this market. The rising popularity of cloud-based solutions in the information technology sector is another important factor that is fueling the usage of mPOS, globally.
Over the forthcoming years, developing economies are anticipated to witness a healthy inflow of investments from leading solution vendors, owing to the presence of a combination of favorable macroeconomic factors, such as a large pool of small and micro merchants and implementation of positive government policies. This, as a result, will reflect greatly on the global market in the near future, states the report.
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High Installation and Maintenance Cost to Act as Hindrance
While the worldwide mPOS market is expected to expand steadily in the near future, it may be deterred by the high cost incurred in the installation and maintenance of mPOS solutions. Apart from this, the unorganized state of mPOS in various emerging countries, particularly in India, may also hinder the growth of this market over the forthcoming years. However, this factor also points out the scope for organized retail and the large-scale rollout of mPOS technologies and services in developing domestic markets, leading to a thriving future, reports the market study.
The review is based on a report by Transparency Market Research (TMR), titled “Mobile Point-of-Sale (mPOS) Market (Solution Type - Integrated Card Reader Solutions and Card Reader Accessories (Dongles and Sleeves); Technology - Hybrid Technology Solutions, EMV Chip and Pin, Magnetic-Stripe, Chip and Sign, Near Field Communication (NFC), and Biometrics; End User - Restaurant, Hospitality, Healthcare, Retail, Warehouse/Distribution, Entertainment, Transportation (Public Transport and Rental Cars and Intercity Buses), Government, and Consumer Utility Services) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
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The global mobile point-of-sale (mPOS) market is segmented as below:
By Solution type
Integrated Card Reader Solutions
Card Reader Accessories
Dongles
Sleeves
By Technology
Hybrid Technology Solutions
EMV Chip and Pin
Magnetic-stripe
Chip and Sign
Near Field Communication (NFC)
Biometrics
By End User
Restaurants
Hospitality
Health Care
Retail
Warehouse/Distribution
Entertainment
Transportation
Public Transport
Rental Cars and Intercity Buses
Government
Consumer Utility Services
By Geography
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific (APAC)
China
Japan
India
Indonesia
Rest of Asia Pacific
Middle East and Africa (MEA)
GCC Countries
South Africa
Rest of MEA
South America
Brazil
Rest of South America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.
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