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The rising number of cashless transactions and growing need for digital payments primarily drive the growth of this market. Mobile POS solutions enable users to conduct financial transactions at remote locations with increased convenience and ease. Growing proliferation of mobile devices, increasing internet penetration, and technological advancement boosts the adoption of mobile POS terminals.
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Market Mobile POS Terminals Market Set to Exceed $81.3 Billion By 2026 | CAGR 18.2%
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 “Mobile Point-of-Sale (mPOS) Terminals Market [By Deployment Type (On-Premise, Cloudbased); By Component (Hardware, Software); By End-Use (Retail, Restaurant, Healthcare, Hospitality, Others); By Regions]: Market size & Forecast, 2017 – 2026” According to a new study published by Polaris Market Research the worldwide mobile POS terminals market is anticipated to reach over USD 81.3 billion by 2026. In 2017, the hardware component dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period. Mobile POS terminals are used by business to enable faster and easier checkouts. These terminals provide quicker checkouts during high volume transactions, thereby increasing customer experience. Mobile POS terminals are integrated with mobile devices such as smart phones and tablets, which offer benefits such as reduced serving time, higher workforce efficiency, while improve customer experience. These terminals are connected to inventory management systems, to further improve efficiency. Mobile POS terminals allow users to send digital receipts to consumers for better organization, and ease of use. Small businesses are increasingly adopting mobile POS terminals for increased profitability. Mobile POS terminals offer enhanced security as transactions are encrypted and not stored on devices. The declining prices of mobile devices, increasing demand for portable & wearable devices, rising NFC-based transactions, and technological advancements further supplement the growth of mobile POS terminals. The rising adoption of cloud-based and Android POS devices also boosts market growth. Integration of mobile wallet payments with mobile POS terminals to offer additional payment options to users is expected to create numerous growth opportunities in the coming years. Browse Detailed Research Report On Mobile POS Terminals Market: https://www.polarismarketresearch.com/industry-analysis/mobile-pos-terminals-market North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The growing adoption of advanced NFC and EMV-enabled devices with the aim to minimize frauds and security breaches related to payments are driving growth in this region. Increasing penetration of mobile devices, affordable mobile POS terminals, and growing acceptance by small and medium-sized businesses further supports market growth in this region. The use of POS terminals in varied industries such as healthcare, retail, and hospitality among others accelerates its adoption. -2-
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 On the basis of components, the global mobile POS terminals market is segmented into hardware components, and software components. The hardware components include mobile devices, bar code scanner, and magnetic strip reader. The hardware is used across various industries with software varying according to industry specific requirements. The software segment is expected to grow significantly in the coming years owing to additional features offered such as customer loyalty programs, employee management, and business process monitoring. Growing adoption of cloudbased mobile POS solutions would also supplement market growth. The various end-users of mobile POS terminals include retail, restaurants, healthcare, hospitality, and others. The retail sector is expected to dominate the market throughout the forecast period owing to high demand from large supermarkets and hypermarkets, grocery and departmental stores, and specialty retail stores among others. The retail sector is turning to mobile POS solutions to cater to the high volume of fast checkouts. Use of POS terminals in the retail sector ensures faster service, provides data related to past transactions, offers customer loyalty solutions, and reduces human errors. The well-known companies profiled in the report include VeriFone Systems, Oracle Corporation, Ingenico S.A., Pax technology Limited, Squirrel Systems, Toshiba Corporation, Posiflex Tachnology, Panasonic Corporation, NEC Corporation, and Hewlett-Packard Company. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers. Request for sample:https://www.polarismarketresearch.com/industry-analysis/mobile- posterminals-market/request-for-sample -3-
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-aways 1.5. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Mobile POS Terminals Market Insights 3.1. Mobile POS Terminals – Industry snapshot 3.2. Mobile POS Terminals - Ecosystem analysis 3.3. Mobile POS Terminals Market Dynamics 3.3.1. Mobile POS Terminals – Market Forces 3.3.1.1. Mobile POS Terminals Market Driver Analysis 3.3.1.2. Mobile POS Terminals Market Restraint/Challenges analysis 3.3.1.3. Mobile POS Terminals Market Opportunity Analysis 3.3.2. Industry analysis - Porter's five force 3.3.2.1. Bargaining power of supplier 3.3.2.2. Bargaining power of buyer 3.3.2.3. Threat of substitute 3.3.2.4. Threat of new entrant 3.3.2.5. Degree of competition 3.3.3. Mobile POS Terminals Market PEST Analysis, 2017 3.3.4. Mobile POS Terminals Market Value Chain Analysis 3.3.5. Mobile POS Terminals Industry Trends 3.3.6. Competitive Ranking Analysis 4. Mobile POS Terminals Market Size and Forecast, 2017-2026 by Deployment Type 4.1. Key Findings 4.2. On-Premise 4.3. Cloud-based 5. Mobile POS Terminals Market Size and Forecast, 2017-2026 by Component 5.1. Key Findings 5.2. Hardware Components 5.3. Software Components 6. Mobile POS Terminals Market Size and Forecast, 2017-2026 by End-Users 6.1. Key Findings 6.2. Retail 6.3. Restaurant 6.4. Healthcare 6.5. Hospitality 6.6. Others -4-
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 7. Mobile POS Terminals Market Size and Forecast, 2017-2026 by Region 7.1. Key Findings 7.2. North America 7.2.1. U.S. 7.2.2. Canada 7.2.3. Mexico 7.3. Europe 7.3.1. Germany 7.3.2. UK 7.3.3. France 7.3.4. Italy 7.3.5. Russia 7.3.6. Rest of Europe 7.4. Asia-Pacific 7.4.1. China 7.4.2. India 7.4.3. Japan 7.4.4. Australia 7.4.5. Rest of Asia-Pacific 7.5. Latin America 7.5.1. Brazil 7.6. Middle East & Africa 8. Company Profiles 8.1. PAX Technology Limited 8.1.1. Overview 8.1.2. Financials 8.1.3. Product Benchmarking 8.1.4. Recent Developments 8.2. Oracle Corporation 8.2.1. Overview 8.2.2. Financials 8.2.3. Product Benchmarking 8.2.4. Recent Developments 8.3. Verifone Systems Inc. 8.3.1. Overview 8.3.2. Financials 8.3.3. Product Benchmarking 8.3.4. Recent Developments 8.4. Hewlett-Packard Company 8.4.1. Overview 8.4.2. Financials 8.4.3. Product Benchmarking 8.4.4. Recent Developments 8.5. NEC Corporation 8.5.1. Overview 8.5.2. Financials 8.5.3. Product Benchmarking 8.5.4. Recent Developments 8.6. Ingenico Group -5-
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 8.6.1. Overview 8.6.2. Financials 8.6.3. Product Benchmarking 8.6.4. Recent Developments 8.7. Toshiba Corporation 8.7.1. Overview 8.7.2. Financials 8.7.3. Product Benchmarking 8.7.4. Recent Developments 8.8. Panasonic corporation 8.8.1. Overview 8.8.2. Financials 8.8.3. Product Benchmarking 8.8.4. Recent Developments 8.9. Posiflex Technology Inc. 8.9.1. Overview 8.9.2. Financials 8.9.3. Product Benchmarking 8.9.4. Recent Developments 8.10. Squirrel Systems. 8.10.1. Overview 8.10.2. Financials 8.10.3. Product Benchmarking 8.10.4. Recent Developments Access Press Release on Mobile POS Terminals Market: https://www.polarismarketresearch.com/pressreleases/global-mobile-point-of-sale-pos- terminals-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com -6-
Mobile POS TerminalsMarketSize to Reach $81.3 Billion By 2026 -7-