mPOS Terminals Market Research Report with top Players and Growth Opportunity

1. 2022 mPOS Terminals Market Opportunities, Companies and Trends in Coming Years

2. A mobile point-of-sale (mPOS) terminal is a dedicated wireless device, smartphone, or tablet that executes the functions of an electronic POS terminal or cash register wirelessly. For the implementation of mPOS, a business requires a debit and credit card reader, an internet connection, and an application on the device that will be used for the transactions. It can also be paired with other POS hardware such as a cash drawer and barcode scanner. Besides, mPOS systems are ideal for mobile businesses, such as home and repair services, food trucks, flea markets, and market vendors, to carry out card transactions on the go. By deploying the mPOS system, businesses are focusing on enhancing the experience of customers. This is one of the prime factors that will drive the mPOS terminals market growthat a CAGR of 17.9% during 2020–2030 (forecast period). Business organizations are adopting mPOS solutions to reduce the wastage of customers' time, by helping them avoid the labyrinthine check-out queues at big stores and markets. This can be achieved by paying for the goods digitally from the main product area in the shop. Solutions as these build brand trust and loyalty and help increase customer satisfaction.

3. This migration from conventional systems to mPOS terminals can also be attributed to the deployment of cloud-based solutions. In comparison to conventional systems, cloud-based POS variants involve lower operational costs, as they do not need expensive on-site servers. In addition to this, cloud-deployed mPOS solutions allow users to accumulate all the data in one place, which helps in streamlining information management. Other advantages of cloud-based mPOS software include less requirement for sophisticated IT infrastructure, better mobility, and automatic data backup. The application segment of the mPOS terminals market is categorized into hospitality, food service, healthcare, warehouse, sports and entertainment, and retail. The retail category is expected to dominate the market during the forecast period because of the increasing adoption of the mobile POS technology by retailers to capture sales quickly and help customers by saving their time. With such terminals, buyers can make the payment from the shopping floor itself, and the need to stand in long queues is eliminated. Request to Get the Sample Report: https://www.psmarketresearch.com/market-analysis/mobile-point-of-sale-mpos-terminals-market/report-sample

4. To expand their portfolio and customer pool, players operating in the mPOS terminals market are constantly launching new products. One such instance is the launch of a near field communication (NFC)-enabled contactless payment acceptance solution for mobile devices in October 2019 by Samsung Electronics Co. Ltd. and Mobeewave Inc. This NFC solution allows customers to make payments by tapping their contactless debit or credit card or Google Pay, Samsung Pay, or Apple Pay wallet on the NFC-enabled devices produced by Samsung. As for the performance of the regional mPOS terminals markets, the Asia-Pacific (APAC) region accounted for the largest share in the global market during the historical period of 2014–2019. According to P&S Intelligence, the region is projected to maintain its dominance during the forecast period owing to the rapid urbanization in regional countries, which is adding to the growth of the healthcare, retail, and hospitality sectors. The prime driver for the regional market is the retail sector, which accounts for the highest adoption of mPOS terminals in APAC. The growing retail sector and increasing focus on customer satisfaction will thus propel the demand for mPOS terminals in the future, especially in the retail industry.

5. Market Segmentation by Component • Hardware • Handheld terminal • Tablet • Software • Market Segmentation by Deployment Type • On-Premises • Cloud • Market Segmentation by Application • Food Service • Hospitality • Lodging establishment • Hotel & motel • Others • Healthcare • Retail

6. Market Segmentation by Region • North America mPOS Terminals Market • By component • By deployment type • By application • By country – U.S. and Canada • Europe mPOS Terminals Market • By component • By deployment type • By application • By country – Germany, France, U.K., Italy, Spain, and Rest of Europe

7. Asia-Pacific (APAC) mPOS Terminals Market • By component • By deployment type • By application • By country – Japan, China, India, Australia, South Korea, and Rest of APAC • Latin America (LATAM) mPOS Terminals Market • By component • By deployment type • By application • By country – Brazil, Mexico, and Rest of LATAM • Middle East and Africa (MEA) mPOS Terminals Market • By component • By deployment type • By application • By country – Turkey, Saudi Arabia, U.A.E., South Africa, and Rest of MEA

8. This study covers 1. Historical and the present size of the mPOS Terminals Market 2. Historical and the present size of the market segments and understand their comparative future potential 3. Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings 4. Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders 5. Major players operating in the market and their service offerings

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