mPOS Terminals Market Growth, Demand & Opportunities - PowerPoint PPT Presentation

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mPOS Terminals Market Growth, Demand & Opportunities

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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. – PowerPoint PPT presentation

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Title: mPOS Terminals Market Growth, Demand & Opportunities


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 growth at a
CAGR of 17.9 during 20202030 (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.psmarketresearc
h.com/market-analysis/mobile-point-of-sale-mpos-te
rminals-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 20142019. According to PS
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
9
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.
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