Global mPOS Terminals Market to surpass $48bn by 2023

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Global mPOS Terminals Market to surpass 48bn by
2023 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of Mobile POS Terminals Market

• Mobile point of sale terminals market is
  witnessing a parallel growth with the increasing
  consumer claim for wireless communication
  technology. Growing adoption of smartphones and
  mobile devices along with deployment of
  technologies such as GPRS across the globe is
  pushing mobile point of sale terminals industry
  noticeably. As per the report by Global Market
  Insights, Inc., Worldwide mobile point of sale
  terminals market was worth USD 11.54 billion in
  2015 and will record an annual growth rate of 19
  over the period of 2016-2023.
• Mobile point of sale terminals market finds wide
  application across sectors including retail,
  healthcare, entertainment, hospitality,
  warehouse, and restaurant. Entertainment
  applications is anticipated to have a strong
  growth prospect in future owing to the increasing
  implementation of these systems in pubs, casinos,
  pubs, tourism, and amusement park. It is
  projected to collect a revenue of around USD 4.35
  billion by 2023. Mobile point of sale terminals
  industry from retail sector covered more than 30
  of the total volume in 2015 and will register an
  annual growth rate of 17.8 over the period of
  2016 - 2023. The robust growth in the
  aforementioned sector can be credited to the
  rising number of retail chains such as
  supermarkets and hypermarkets.

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Continued

• Healthcare application segment is anticipated to
  collect a revenue of USD 4.36 billion by 2023,
  primarily driven by its growing adoption in
  medical fraternity fueled by the increasing
  patients health concerns. mPOS system also
  performs various backend tasks such as fast
  billing, inventory patients data tracking. In
  addition to this, favorable government
  initiatives about the deployment of such a
  terminal across the medical spacer will also
  augment mobile point of sale terminals industry
  growth noticeably.
• Software and hardware are the two main components
  of mobile point of sale terminals market.
  Software based mPOS terminal industry will
  generate a revenue of over USD 9.5 billion by
  2023.
• Software based technology is prominently used in
  the screen terminals and barcode scanner to
  enhance their functioning, thereby offering the
  benefits of data storage and backup. Hardware
  component segment is also predicted to grow
  substantially at a CAGR of 18 over 2016 -2023.

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Brazil Mobile POS Terminals Market size, by
application, 2012 - 2023 (USD Billion)

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Continued

• Regionally, Asia Pacific mobile point of sale
  terminals market will generate significant growth
  avenue over the coming six years, owing to the
  increased business space and emergence of new
  entrepreneurship activities in this region. Large
  presence of mobile application based companies
  such as paytm, flipcart etc., which need a mobile
  payment gateway for secure and easy money
  transaction will favor the regional demand.
• North America mobile point of sale terminals
  industry will register an annual growth rate of
  18.3 over the period of 2016 to 2023. U.S. is
  forecast to be the key revenue pocket for North
  America.
• Mobile Point of Sale terminals industry is
  consolidated with the two major players- Ingenico
  and Verifone having held 40 of the global
  revenue in 2015. Other notable participants in
  this market are Zebra Technologies, First Data
  Corporation, NEC Corporation, QVS Software
  Incorporation, Panasonic Corporation, Posiflex
  Technology Incorporation, HP Company, and PAX
  Technology Limited.

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Table Contents of Mobile POS Terminals Market

• Chapter 1 Methodology Scope
• 1.1 Research Methodology
• 1.1.1 Initial data exploration
• 1.1.2 Statistical modeling and forecast
• 1.1.3 Industry insights and validation
• 1.2 Data Sources
• Chapter 2 Executive Summary
• 2.1 Mobile POS terminals industry 3600
  synopsis, 2012 - 2023
• 2.1.1 Business trends
• 2.1.2 Regional trends
• 2.1.3 Application trends

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Continued

• Chapter 3 Mobile POS Terminals Industry
  Insights
• 3.1 Industry segmentation
• 3.2 Industry size and forecast, 2012 - 2023
• 3.3 Industry ecosystem analysis
• 3.3.1 Vendor landscape
• 3.4 Technological evolution
• 3.5 Industry impact forces
• 3.5.1 Growth drivers
• 3.5.2 Industry pitfalls challenges
• 3.6 Growth potential analysis
• 3.7 Competitive landscape, 2015
• 3.7.1 Strategy overview
• 3.8 Porters analysis
• 3.9 PESTEL analysis

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