mPOS Terminals Market size forecast to grow with 19% CAGR to surpass USD 48 billion by 2023 - PowerPoint PPT Presentation

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mPOS Terminals Market size forecast to grow with 19% CAGR to surpass USD 48 billion by 2023

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(mPOS) Mobile POS Terminals Market size is forecast to hit USD 48.77 billion by 2023; as per a new research report by Global Market Insights, Inc. – PowerPoint PPT presentation

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Title: mPOS Terminals Market size forecast to grow with 19% CAGR to surpass USD 48 billion by 2023


1
(mPOS) Mobile POS Terminals Market size with 19
CAGR estimations forecast to exceed 48bn by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Mobile POS Terminals Market
  • Software was valued at USD 1.81 billion in 2015
    and it is projected to grow at 22.6 CAGR from
    2016 to 2023. Efficient software combines
    functionality of screen terminals and barcode
    scanners and also provides data restoring as well
    as backup features. In addition, it tracks
    customer purchasing behavior and also effectively
    manages user loyalty programs.
  • Entertainment industry is estimated to grow at
    19.6 CAGR from 2016 to 2023. This segment is
    likely to experience considerable growth
    prospects owing to its highly robust nature.
    Escalating implementation of these systems in
    casinos, amusement parks, cinemas, stadiums, pubs
    and tourism is likely to augment industry growth
    over the next seven years.
  • Retail sector was valued at USD 3.48 billion in
    2015. Mobile POS terminal market is anticipated
    to create substantial value for retailers owing
    to more converged and integrated store solutions
    offered by these systems.

3
Continued...
  • Asia Pacific mobile POS terminals market share
    was over 25 of the global revenue in 2015 and is
    forecast to grow at 19.6 CAGR over the forecast
    timeframe. Rapidly growing customer base owing to
    increasing prominence of SMBs coupled with
    reduction in TCO is expected to drive regional
    growth over next seven years.
  • U.S. mPOS terminals market will drive North
    America regional industry.
  • Industry participants accumulating major share
    include Ingenico, VeriFone, Zebra Technologies,
    First Data Corporation, and Oracle.

4
Brazil Mobile POS Terminals Market size, by
application, 2012 - 2023 (USD Billion)

5

Browse Full Market Research Report of Mobile
POS Terminals Market _at_ http//goo.gl/0ogaxJ Re
quest for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/4
64
6
360 Analysis
  • Application Analysis
  • Retail sector accounted for more than 30 of
    global revenue in 2015, and is poised to grow at
    17.8 CAGR from 2016 to 2023. Mobile POS
    terminals market is expected to create value for
    retailers, leading to more converged and
    integrated store solutions.
  • Regional Analysis
  • North America is forecast to grow at a CAGR of
    18.3 over the forecast period, driven by growth
    in U.S. mobile POS terminals market size. Europe
    mobile POS terminal market was valued at over USD
    3 billion in 2015.
  • Competitive Market Share
  • The traditional POS terminals industry is
    consolidated in nature the top two participants,
    Verifone and Ingenico, accounted for over 40 of
    the size in 2015. Ingenico has observed a
    significant increase in demand of NFC-configured
    EMV-chip terminal to accept Apples new mobile
    payment system.
  • Key players in the industry include VeriFone,
    Ingenico, Zebra Technologies, Oracle and First
    Data Corporation.


7
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