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mPOS Terminals Market in Retail sector to grow at 17.8% CAGR from 2016 to 2023

News   •   Aug 29, 2017 03:19 EDT

The latest mobile POS terminals market analysis and research report talks about major applications of mobile POS terminals, growth of these segments as well as offers insights into company’s active in this industry and their information.

Mobile point of sale terminals market is witnessing a parallel growth with the increasing consumer claim for wireless communication technology. Growing adoption of smartphones and mobile devices along with deployment of technologies such as GPRS across the globe is pushing mobile point of sale terminals industry noticeably. As per the report by Global Market Insights, Inc., Worldwide mobile point of sale terminals market was worth USD 11.54 billion in 2015 and will record an annual growth rate of 19% over the period of 2016-2023.

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Mobile point of sale terminals market finds wide application across sectors including retail, healthcare, entertainment, hospitality, warehouse, and restaurant. Entertainment applications is anticipated to have a strong growth prospect in future owing to the increasing implementation of these systems in pubs, casinos, pubs, tourism, and amusement park. It is projected to collect a revenue of around USD 4.35 billion by 2023. Mobile point of sale terminals industry from retail sector covered more than 30% of the total volume in 2015 and will register an annual growth rate of 17.8% over the period of 2016 - 2023. The robust growth in the aforementioned sector can be credited to the rising number of retail chains such as supermarkets and hypermarkets.

Healthcare application segment is anticipated to collect a revenue of USD 4.36 billion by 2023, primarily driven by its growing adoption in medical fraternity fueled by the increasing patient’s health concerns. mPOS system also performs various backend tasks such as fast billing, inventory & patient’s data tracking. In addition to this, favorable government initiatives about the deployment of such a terminal across the medical spacer will also augment mobile point of sale terminals industry growth noticeably.

Software and hardware are the two main components of mobile point of sale terminals market. Software based mPOS terminal industry will generate a revenue of over USD 9.5 billion by 2023. Software based technology is prominently used in the screen terminals and barcode scanner to enhance their functioning, thereby offering the benefits of data storage and backup. Hardware component segment is also predicted to grow substantially at a CAGR of 18% over 2016 -2023.

Browse key industry insights spread across 100 pages with 108 market data tables & 11 figures & charts from the report, “(mPOS) Mobile POS Terminals Market Size By Component (Software, Hardware), By Application (Restaurants, Entertainment, Hospitality, Healthcare, Warehouse, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, China, India, Japan, Brazil, Mexico)” in detail along with the table of contents:

https://www.fractovia.org/news/industry-research-report/mobile-point-of-sale-mpos-terminals-market

Regionally, Asia Pacific mobile point of sale terminals market will generate significant growth avenue over the coming six years, owing to the increased business space and emergence of new entrepreneurship activities in this region. Large presence of mobile application based companies such as paytm, flipcart etc., which need a mobile payment gateway for secure and easy money transaction will favor the regional demand.

North America mobile point of sale terminals industry will register an annual growth rate of 18.3% over the period of 2016 to 2023. U.S. is forecast to be the key revenue pocket for North America.

Mobile Point of Sale terminals industry is consolidated with the two major players- Ingenico and Verifone having held 40% of the global revenue in 2015. Other notable participants in this market are Zebra Technologies, First Data Corporation, NEC Corporation, QVS Software Incorporation, Panasonic Corporation, Posiflex Technology Incorporation, HP Company, and PAX Technology Limited.

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Table of Contents of Mobile POS Terminals Market

Chapter 1 Methodology & Scope

1.1 Research Methodology

1.1.1 Initial data exploration

1.1.2 Statistical modeling and forecast

1.1.3 Industry insights and validation

1.2 Data Sources

Chapter 2 Executive Summary

2.1 Mobile POS terminals industry 3600 synopsis, 2012 - 2023

2.1.1 Business trends

2.1.2 Regional trends

2.1.3 Application trends

Chapter 3 Mobile POS Terminals Industry Insights

3.1 Industry segmentation

3.2 Industry size and forecast, 2012 - 2023

3.3 Industry ecosystem analysis

3.3.1 Vendor landscape

3.4 Technological evolution

3.5 Industry impact forces

3.5.1 Growth drivers

3.5.2 Industry pitfalls & challenges

3.6 Growth potential analysis

3.7 Competitive landscape, 2015

3.7.1 Strategy overview

3.8 Porter’s analysis

3.9 PESTEL analysis

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