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Global mobile POS terminals market by
component, 2012 - 2022 (USD Billion)
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The Global Mobile POS Terminals Market is expected to reach USD 42.99
billion by 2022, according to a new study by Grand View Research, Inc. Mobile
POS terminals have evolved from basic payment processing tools to advanced
analytics solution providers with greater processing capability and wireless
communication support. The inflection of these terminals came with the adoption
of consumer grade devices such as tablets for business use. Ubiquitous wireless
connectivity such as the Bluetooth, availability of mobile printers, scanners,
card readers and peripheral devices; and multiple platform support have driven
the mobile POS terminals market in various applications.
Sophisticated data analytics, growing credit card payments and
ever-changing consumer expectations are expected to spur the mobile POS
terminals industry. This growth has encouraged retailers to leverage new
applications and strategies to deliver seamless customer experience. Mobile
applications have the ability to create new channels for revenue growth; as a
result, vendors are increasingly trying to understand various marketing
channels available in order to leverage technology to compete. Flexibility of
having a tablet-based mobile POS owing to low installation costs has attracted
SMBs to invest in this technology. Reduced customer time in line, increased
security, free floor space and paper-free receipting services are the features
driving mPOS terminals demand over traditional or fixed terminals.
The growing penetration of tablet devices, rising base of SMBs and
micro-merchants, need for effective line-busting schemes to encourage card adoption
are expected to propel market growth over the coming years. However, lack of
standardization and data security concerns may restrain mobile POS terminals
market growth. Increased penetration of Near Field Communication (NFC) in
mobile devices is expected to augment demand.
Full
Research Report On Mobile POS Terminals Market Analysis:
http://www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market
http://www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market
Further key findings from the study suggest:
·
The mobile POS terminals market primarily
includes components such as hardware and software. Mobile POS hardware systems
accounted for majority of the market share in 2014; the segment is expected to
lose market share through the forecast period. The software segment is expected
to witness growth as consumers shift towards the use of consumer-grade
electronics devices such as tablets for managing their POS needs.
·
Retail segment accounted for over 30% of
the overall market share in 2014. Growing adoption of mobile POS technology
across SMBs and micro-merchants is expected to drive segment growth.
·
Asia Pacific and Latin America mobile POS
terminals market are expected to witness substantial growth over the forecast
period. This may be primarily attributed to increasing low-cost manufacturing
activities in the region. Surge in demand across application segments is
expected to spur the regional market.
·
Notable companies operating in the industry
such as Verifone, Ingenico, and Micros Systems provide various handheld and
tablet-based mobile POS solutions. Verifone Systems introduced these solutions
for SMBs along with iPayment to address the need of the marketplace.
View More Reports
Of This Category By Grand View Research At: https://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand View Research has segmented the mobile POS terminals market on the
basis of component, application and region:
Mobile POS Terminals
Component Outlook (Revenue, USD Million, 2012 - 2022)
·
Hardware
·
Software
Mobile POS Terminals
Application Outlook (Revenue, USD Million, 2012 - 2022)
·
Restaurants
·
Hospitality
·
Healthcare
·
Retail
·
Warehouse
·
Entertainment
·
Others
Mobile POS Terminals Regional
Outlook (Revenue, USD Million, 2012 - 2022)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
MEA
Access Full Press Release of this
Report:
https://www.grandviewresearch.com/press-release/global-mobile-pos-terminals-market
https://www.grandviewresearch.com/press-release/global-mobile-pos-terminals-market
About Grand View
Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
