The Global Mobile POS
Terminals Market is expected to reach USD 42.99 billion by 2022,
according to a new study by Grand View Research, Inc. Mobile POS terminals have
evolved from basic payment processing tools to advanced analytics solution
providers with greater processing capability and wireless communication
support. The inflection of these terminals came with the adoption of consumer
grade devices such as tablets for business use. Ubiquitous wireless
connectivity such as the Bluetooth, availability of mobile printers, scanners,
card readers and peripheral devices; and multiple platform support have driven
the mobile POS terminals market in various applications.
Global mobile POS terminals market by component, 2012 - 2022 (USD Billion) |
Sophisticated data analytics, growing credit card
payments and ever-changing consumer expectations are expected to spur the
mobile POS terminals industry. This growth has encouraged retailers to leverage
new applications and strategies to deliver seamless customer experience. Mobile
applications have the ability to create new channels for revenue growth; as a
result, vendors are increasingly trying to understand various marketing
channels available in order to leverage technology to compete. Flexibility of
having a tablet-based mobile POS owing to low installation costs has attracted
SMBs to invest in this technology. Reduced customer time in line, increased
security, free floor space and paper-free receipting services are the features
driving mPOS terminals demand over traditional or fixed terminals.
The growing penetration of tablet devices, rising base
of SMBs and micro-merchants, need for effective line-busting schemes to
encourage card adoption are expected to propel market growth over the coming
years. However, lack of standardization and data security concerns may restrain
mobile POS terminals market growth. Increased penetration of Near Field
Communication (NFC) in mobile devices is expected to augment demand.
Access
Full Research Report by Grand View Research: http://www.grandviewresearch.com/industry-analysis/mobile-pos-terminals-market
Further
key findings from the study suggest:
- The mobile POS terminals market primarily
includes components such as hardware and software. Mobile POS hardware
systems accounted for majority of the market share in 2014; the segment is
expected to lose market share through the forecast period. The software
segment is expected to witness growth as consumers shift towards the use
of consumer-grade electronics devices such as tablets for managing their
POS needs.
- Retail segment accounted for over 30% of the
overall market share in 2014. Growing adoption of mobile POS technology
across SMBs and micro-merchants is expected to drive segment growth.
- Asia Pacific and Latin America mobile POS
terminals market are expected to witness substantial growth over the
forecast period. This may be primarily attributed to increasing low-cost
manufacturing activities in the region. Surge in demand across application
segments is expected to spur the regional market.
- Notable companies operating in the industry such
as Verifone, Ingenico, and Micros Systems provide various handheld and
tablet-based mobile POS solutions. Verifone Systems introduced these
solutions for SMBs along with iPayment to address the need of the
marketplace.
Browse more reports of this category
by Grand View Research:
http://www.grandviewresearch.com/industry/communications-infrastructure-systems-and-software
Grand
View Research has segmented the mobile POS terminals market on the basis of
component, application and region:
Mobile POS Terminals Component
Outlook (Revenue, USD Million, 2012 - 2022)
- Hardware
- Software
Mobile POS Terminals
Application Outlook (Revenue, USD Million, 2012 - 2022)
- Restaurants
- Hospitality
- Healthcare
- Retail
- Warehouse
- Entertainment
- Others
Mobile POS Terminals Regional
Outlook (Revenue, USD Million, 2012 - 2022)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
Access press release by Grand View
Research: http://www.grandviewresearch.com/press-release/global-mobile-pos-terminals-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
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