mPOS Market revenue to exceed $48.77bn by the next seven years - PowerPoint PPT Presentation

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mPOS Market revenue to exceed $48.77bn by the next seven years

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(mPOS) Mobile POS Terminals Market size was evaluated at $11.54 billion for 2015 with CAGR of 19% during forecast timeframe. Increase in cost effective wireless communications technologies is promoting industry demand during forecast timeframe. – PowerPoint PPT presentation

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Title: mPOS Market revenue to exceed $48.77bn by the next seven years


1
mPOS Market to grow at a CAGR of 19 during the
next seven years Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Overview
  • (mPOS) Mobile POS Terminals Market size was
    evaluated at 11.54 billion for 2015 with CAGR of
    19 during forecast timeframe. Increase in cost
    effective wireless communications technologies is
    promoting industry demand during forecast
    timeframe. Growing demand from end use industries
    like hospitality and retail is predicted to
    propel industry growth. Retail and hospitality
    sectors utilize these mobile POS terminals for
    payments and enhance user experience by
    preventing payment processing delays occurring
    owing to big queues in the industry.
  • Healthcare segment is predicted to touch 4.36
    billion by end of forecast period. This segment
    has made huge investments in mobile POS terminals
    industry due to growing concerns of handling
    liability, reducing costs and complying with
    government rules.
  • The industry also uses wireless equipments to
    improve payment for products services. Using
    wireless communication technology can simplify
    different procedures ranging from rental cabs to
    food purchase at grocery stores. It helps in
    substantial reduction of price per transaction in
    areas of high telecommunication prices by making
    use of technologies like CDMA, Wi-Fi and GPRS.
    Wireless communication technology also helps in
    enhancing worker productivity and removes time
    delay for sales.

3
Component Trends
  • The industry is segmented into software and
    hardware components.
  • Software segment is predicted to cross 9.5
    billion mark by end of 2023 and register a CAGR
    of greater than 22 during forecast timeframe.
    Effective software combines functions of screen
    terminals and barcode scanners thus offering data
    restoration and backup characteristics. It also
    handles user loyalty processes and identifies
    consumer purchasing behaviour.
  • (mPOS)Mobile POS terminals market is predicted to
    register CAGR of 18 for hardware segment.

4
Key Applications
  • Mobile POS terminals industry is segmented into
    two key applications including retail application
    and entertainment sector.
  • Retail segment contributed greater than 30 of
    total revenue share of the industry for 2015 and
    is predicted to register CAGR of 17.8 during
    forecast period. The industry is anticipated to
    create value for dealers, resulting in greater
    integrated store services.
  • Entertainment sector is predicted to touch 4.35
    billion mark by end of forecast timeframe. It
    includes cinemas, amusement parks, pubs, casinos,
    tourism and stadiums.

5
Brazil Mobile POS Terminals Market size, by
application, 2012 - 2023 (USD Billion)

6

Browse Full Market Research Report mPOS
Terminals Market _at_ https//goo.gl/u1tI1p Read
our Insightful Blog _at_ https//goo.gl/yZxEUG Requ
est for a Sample of this Research report _at_
https//www.gminsights.com/request-sample/detail/4
64
7
360 Analysis
  • Regional Analysis
  • North America is predicted to register a CAGR of
    18.3 during forecast timeframe. It is driven by
    U.S. (mPOS) mobile POS terminals market
    expansion.
  • European industry was evaluated at more than 3
    billion for 2015. Growing consumer base owing to
    increase in server message blocks (SMBs) and
    reduction in total ownership costs is predicted
    to favourably impact APAC (mPOS) mobile POS
    terminals market share.
  • Competitive Market Share
  • Key industry participants profiled in the report
    include Zebra Technologies, Posiflex Technology
    Incorporation, VeriFone, Panasonic Corporation,
    Hewlett-Packard Company, First Data Corporation,
    Oracle Corporation, Ingenico S.A., NEC
    Corporation, PAX Technology Limited and QVS
    Software Incorporation.


8
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