The Global Mobile Point of Sale (POS) Systems market is to grow at a CAGR of 11.9 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing penetration of mobile POS systems. The Global Mobile POS Systems market has also been witnessing increasing mobile POS-based transactions. However, high cost of installation and upgradation could pose a challenge to the growth of this market.
One of the main trends witnessed in the Global Mobile POS Systems market is the increase in mobile POS-based transactions. The transaction value for the period is illustrated in the exhibit below. From the exhibit, it is clear that with the increasing value of transactions during the forecast period, there will be an increase in the adoption of mobile POS systems. The Global Mobile POS Systems market is expected to witness increasing deployments in the future years. Moreover, the increasing adoption in the Transportation, Retail, and Hospitality sectors will tend to increase the transactions through the mobile POS systems during the forecast period.
One of the main factors driving the market is the growing significance of mobile POS systems. A mobile POS system facilitates faster customer checkout and retains the electronic receipts at a retail store. Furthermore, mobile POS systems save labor costs where the merchant could direct the sales associates to locate and assist customers in the store.
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