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Mobile Point Of Sales (mPOS) Terminals Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2020 To 2028

  • ID: 5165457
  • Report
  • September 2020
  • Region: Global
  • 115 Pages
  • Acute Market Reports

FEATURED COMPANIES

  • First Data Corporation
  • Hewlett Packard
  • Ingenico S.A.
  • Panasonic Corporation
  • PAX Technology Ltd
  • Verifone Systems Inc.
With the advancements in wireless technology, the mobile POS terminals market is set to witness strong growth in the next few years. Benefits offered such as low upfront cost, portability, easy usage, and a positive return on investment have collectively spurred the adoption of mobile POS terminals beyond the traditional retail applications. The emergence of mobile wallet technology and increasing NFC-based transactions are expected to drive market growth during the forecast period. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 25.4% for revenue during the forecast period 2020 - 2028. Although security concerns related to data breaches had plagued the adoption of mobile POS terminals initially, the recent move towards more secure chip card technology is expected to subdue the impact of this challenge over the forecast period. The mobile Point-of-Sale terminals market is expected to reach US$ 90.25 Bn by 2028, expanding at a CAGR of 25.4% from 2020 to 2028.

Purpose of the Report

The purpose of this strategic research study titled “Global Mobile POS (mPOS) Terminals Market- Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2028” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global mPOS terminals market.

Target Audience
  • Industry Investors
  • mPOS Terminal Hardware Providers/Vendors
  • mPOS Terminal Software Providers
  • SMBs and Micro-merchants
  • Other End-users
USP and Key Offerings

The report titled “Global Mobile POS Terminals Market - Growth, Share, Opportunities, and Competitive Analysis, 2020 - 2028” offers strategic insights into the global mPOS terminals market along with the market size and estimates for the duration 2020 to 2028. The said research study covers in-depth analysis of multiple market segments based on technology, end-users, and cross-sectional study across different geographies. In order to help strategic decision-makers, the report also includes competitive profiling of the leading POS terminal vendors (both hardware and software), their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments.

Other in-depth analysis provided in the report includes:
  • Current and future market trends to justify the forthcoming attractive markets within the mPOS industry
  • Market Volume by Geography and End-use
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Ecosystem Analysis
  • Trailing 2-Year market size data (2018 - 2019)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global mPOS terminal market, of growth, offering market size and estimates for the period from 2020 to 2028, keeping in mind the above-mentioned factors.

End-use Segmentation Analysis

On the basis of end-use, the mobile POS terminals market is categorized into the following verticals:
  • Restaurants (Quick Serve Restaurants, Bars, Food Chains, etc.)
  • Hospitality (lodging establishments, hotels, motels, etc.)
  • Healthcare
  • Retail
  • Transportation and Warehousing
  • Sports and Entertainment
  • Others (Field Services, Government, etc.)

Retail was the largest end-use segment in the global mobile POS terminals market, accounting for over one-third of the global market revenue and shipments in 2019. The penetration rate of mobile POS terminals has been the highest in the retail segment, especially among micro-merchants. However, there also lie potential growth opportunities with larger merchants. Mobile Point of Sale Terminal solutions enables larger merchants to enhance the in-store buying experience of their customers and offer sales force with an integrated payment capability.

Based on types of components, the global mobile POS terminals market is segmented into the following categories
  • Mobile POS Terminal Hardware
  • Mobile POS Terminal Software
In 2019, the hardware components including tablets (generally an iPad), smartphone paired with a credit/debit card reader, and hand-held terminals accounted for the majority of the market revenue share. Although hardware segment is expected to remain the largest revenue contributor to the global mobile POS terminals market, software segment is expected to witness comparatively higher growth during the forecast period 2020 -2028. Since mPOS hardware has become a commodity, vendors across the globe have switched their focus towards the more profitable software and services business.

On the basis of geography, the global mobile POS terminals market is segmented into the following regions and countries.
  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

Mobile Point of Sale (mPOS) terminals have brought a new dynamism to the global mobile proximity payments market. Although the demand for mPOS solutions have been predominant in mature markets like North America and Europe, there exist healthy growth opportunities for mPOS solutions in emerging markets having a very large base of small and micro merchants with limited penetration of traditional Point of Sale (POS) terminals. Over the forecast period, we expect the rising adoption of mPOS solutions in the more mPOS-ready markets such as the Asia Pacific and RoW, as service providers seek to achieve a first-mover advantage.

Mobile Point-Of-Sale terminal is a tablet (generally an iPad), smartphone, or any dedicated wireless device capable of performing functions of an electronic point of sale terminal or cash register. The idea of converting a tablet or smartphone into a payment acceptance device was first introduced by Square Inc. in 2009. This simple innovation soon caught the imagination of the world, resulting in the emergence of a host of competitors across the POS terminal industry. Today, mPOS solutions have been adopted in all parts of the world, complementing the traditional fixed POS systems by augmenting functionalities. Thus, mobile Point of Sale solutions has extended the landscape of the electronic payments industry by capitalizing on the prevailing trend towards mobile services.

Mobile Point-Of-Sale solutions allow merchants, including street vendors, door-to-door salespeople, and in-house sales associates to easily accept payments via their mobile devices. Merchants, who were reluctant to accept card payments and operated on an invoice or cash-only basis, have started adopting mobile POS solutions owing to the following benefits offered:
  • Lower Total Cost of Ownership

Mobile POS solutions are either offered for free as a part of the service bundle or are available at a very low cost as compared to the traditional POS terminal stations. Furthermore, since most merchants already own a smartphone or tablet, it eliminates the additional expense associated with the purchase, installation, and maintenance.

Portability

Mobile POS solutions offer better portability and greater ease of use, both of which are crucial for mobile merchants with no fixed place of business.

Flexibility and Better User Interface (UI)

Mobile POS solutions support flexible software development platforms that can be easily integrated with existing environments. In addition, mobile solutions also offer user-friendly UIs for both consumers and merchants.

Although mobile POS solutions have been around for a number of years (introduced in the latter half of the last decade), they have failed to realize their full potential till as recently as the first half of this decade. However, the proliferation of personal mobility devices and capabilities coupled with the low upfront cost is expected to fuel their adoption beyond the core retail and hospitality segment in the coming years. Thus, what began as a service for small-sized businesses unable to accept card payments, is eventually expected to become the means for extending the reach of larger enterprises. Mobile POS vendors across the globe have already started positioning mobile POS solutions as add-ons to the traditional fixed POS systems capable of transforming customer-business interaction and enriching the customer buying experience.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • First Data Corporation
  • Hewlett Packard
  • Ingenico S.A.
  • Panasonic Corporation
  • PAX Technology Ltd
  • Verifone Systems Inc.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
1.4.1 Phase I - Secondary Research
1.4.2 Phase II - Primary Research
1.4.3 Phase III - Expert Panel Review
1.4.4 Assumptions
1.4.5 Approach Adopted
Chapter 2 Executive Summary
2.1 Market Snapshot: Global mPOS Terminals Market
2.2 Global mPOS Terminals Market, By Component
2.3 Global mPOS Terminals Market, By End-use
2.4 Global mPOS Terminals Market, By Geography
Chapter 3 Market Dynamics
3.1 Product Insights
3.1.1 Global Mobile Point-of-Sale Terminals Market Revenue and Volume2018 - 2028, (US$ Bn) (Mn Units)
3.2 Key Trends Analysis
3.2.1 Evolution of mPOS Terminals
3.2.2 Recent Trends and Outlook
3.2.2.1 Demand for Portable and Wearable Devices
3.2.2.2 Cloud-based and Android POS Devices
3.2.2.3 Opportunity to Offer Loyalty Options
3.3 Market Drivers
3.3.1 Conformity with the EMV Regulation to Fuel Replacement Demand
3.3.2 Emergence of Mobile Wallet Technology and Increasing NFC-based Transactions to Fuel Market Demand
3.3.3 Enhanced Features and Lower Total Cost of Ownership (TCO) to Drive Demand in SMBs
3.4 Market Growth Inhibitors
3.4.1 Security Concerns Associated with Data Breaches
3.4.2 Lack of Standard Technology Platform
3.5 See-Saw Analysis
3.5.1 Impact Analysis of Drivers and Restraints
3.6 Attractive Investment Proposition
3.6.1 Adoption Rate of mPOS Terminals across Different End-use Verticals
3.7 Ecosystem Analysis : mPOS Terminals Market
3.7.1 Merchants
3.7.2 Banks
3.7.3 Mobile Operators
3.7.4 Recommendations for Ecosystem Participants
3.7.4.1 Merchants
3.7.4.2 Banks
3.7.4.3 Mobile Operators
3.8 Competitive Analysis
3.8.1 Market Positioning of Key Vendors
3.8.2 Recommendations
3.9 Technology Overview : mPOS Terminals Market
3.9.1 Overview
3.9.2 Magnetic Stripe
3.9.3 EMV (Europay, MasterCard, Visa) Chip
3.9.3.1 Global EMV Terminal Adoption Rates and Shipments, 2019
3.9.4 Contactless
3.9.5 Biometrics
Chapter 4 Global Mobile Point Of Sales (mPOS) Terminals Market Analysis, By Component
4.1 Overview
4.2 Comparative Analysis
4.3 Hardware
4.3.1 Global Mobile Point-Of-Sales Terminals Hardware Market Revenue and Growth2018 - 2028, (US$ Bn) (Y-o-Y %)
4.4 Software
4.4.1 Global Mobile Point-Of-Sales Terminals Software Market Revenue and Growth2018 - 2028, (US$ Bn) (Y-o-Y %)
Chapter 5 Global Mobile Point Of Sales (mPOS) Terminals Market Analysis, By End-use
5.1 Overview
5.2 Comparative Analysis
5.3 Restaurants
5.3.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Restaurant Applications2018 - 2028, (US$ Bn)(Mn Units)
5.4 Hospitality
5.4.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Hospitality2018 - 2028, (US$ Bn) (Mn Units)
5.5 Healthcare
5.5.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Healthcare Applications2018 - 2028, (US$ Bn) (Mn Units)
5.6 Retail
5.6.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Retail2018 - 2028, (US$ Bn) (Mn Units)
5.7 Transportation and Warehouse
5.7.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Transportation and Warehouse Applications2018 - 2028, (US$ Bn) (Mn Units)
5.8 Sports and Entertainment
5.8.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Sports and Entertainment2018 - 2028, (US$ Bn) (Mn Units)
5.9 Others (Field Services, Government, etc.)
5.9.1 Global Mobile Point-Of-Sales Terminals Market Revenue and Volume for Other Applications2018 - 2028, (US$ Bn) (Mn Units)
Chapter 6 Global Mobile Point Of Sales (mPOS) Terminals Market Analysis, By Geography
6.1 Overview
6.2 Comparative Analysis
6.3 North America
6.3.1 North America Mobile Point-Of-Sales Terminals Market Revenue and Growth2018 - 2028, (US$ Bn) (Mn Units)
6.5 Europe
6.5.1 Europe Mobile Point-Of-Sales Terminals Market Revenue and Growth2018 - 2028, (US$ Bn) (Mn Units)
6.6 Asia Pacific
6.6.1 Asia Pacific Mobile Point-Of-Sales Terminals Market Revenue and Growth2018 - 2028, (US$ Bn) (Mn Units)
6.7 Rest of World (RoW)
6.7.1 RoW Mobile Point-Of-Sales Terminals Market Revenue and Growth2018 - 2028, (US$ Bn) (Mn Units)
Chapter 7 North America Mobile Point Of Sales (mPOS) Terminals Market Analysis
7.1 Overview
7.2 North America Mobile POS Terminals Market Analysis, By Component2018 - 2028 (US$ Bn)
7.2.1 Hardware
7.2.1.1 North America Mobile Point-Of-Sales Terminals Hardware Market Revenue2018 - 2028, (US$ Bn)
7.2.2 Software
7.2.2.1 North America Mobile Point-Of-Sales Terminals Software Market Revenue2018 - 2028, (US$ Bn)
7.3 North America Mobile POS Terminals Market Analysis, By End-use2018 - 2028 (US$ Bn) (Mn Units)
7.3.1 SRC Analysis
7.4 North America Mobile POS Terminals Market Analysis, By Country2018 - 2028 (US$ Bn) (Mn Units)
7.4.1 U.S. Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn) (Mn Units)
7.4.1.1 Comparative Analysis of North America Mobile Point-Of-Sales Terminals Market Revenue, By Country2018 - 2028, (US$ Bn)
7.4.1.2 Comparative Analysis of North America Mobile Point-Of-Sales Terminals Market Volume, By Country2018 - 2028, (US$ Bn)
Chapter 8 Europe Mobile Point Of Sales (mPOS) Terminals Market Analysis
8.1 Overview
8.2 Europe Mobile POS Terminals Market Analysis, By Component2018 - 2028 (US$ Bn)
8.2.1 Hardware
8.2.1.1 Europe Mobile Point-Of-Sales Terminals Hardware Market Revenue2018 - 2028, (US$ Bn)
8.2.2 Software
8.2.2.1 Europe Mobile Point-Of-Sales Terminals Software Market Revenue2018 - 2028, (US$ Bn)
8.3 Europe Mobile POS Terminals Market Analysis, By End-use2018 - 2028 (US$ Bn)
8.3.1 SRC Analysis
8.4 Europe Mobile POS Terminals Market Analysis, By Region2018 - 2028 (US$ Bn)
8.4.1 EU7 (U.K., France, Germany, Italy, Spain, Netherlands, Belgium) Mobile POS Terminals Market Revenue and Volume 2018 - 2028 (US$ Bn) (Mn Units)
8.4.1.1 Comparative Analysis of Europe Mobile Point-Of-Sales Terminals Market Revenue, By Region2018 - 2028, (US$ Bn)
8.4.1.2 Comparative Analysis of Europe Mobile Point-Of-Sales Terminals Market Volume, By Region2018 - 2028, (Mn Units)
Chapter 9 Asia Pacific Mobile Point Of Sales (mPOS) Terminals Market Analysis
9.1 Overview
9.2 Asia Pacific Mobile POS Terminals Market Analysis, By Component2018 - 2028 (US$ Bn)
9.2.1 Hardware
9.2.1.1 Asia Pacific Mobile Point-Of-Sales Terminals Hardware Market Revenue2018 - 2028, (US$ Bn)
9.2.2 Software
9.2.2.1 Asia Pacific Mobile Point-Of-Sales Terminals Software Market Revenue2018 - 2028, (US$ Bn)
9.3 Asia Pacific Mobile POS Terminals Market Analysis, By End-use2018 - 2028 (US$ Bn)
9.3.1 SRC Analysis
9.4 Asia Pacific Mobile POS Terminals Market Analysis, By Country2018 - 2028 (US$ Bn)
9.4.1 China Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn) (Mn Units)
9.4.2 Indian Subcontinent Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn)
9.4.3 Japan Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn) (Mn Units)
9.4.4 Comparative Analysis of Asia Pacific Mobile Point-Of-Sales Terminals Market Revenue, By Region2018 - 2028, (US$ Bn)
9.4.5 Comparative Analysis of Asia Pacific Mobile Point-Of-Sales Terminals Market Volume, By Region2018 - 2028, (Mn Units)
Chapter 10 Rest of the World (RoW) Mobile Point Of Sales (mPOS) Terminals Market Analysis
10.1 Overview
10.2 RoW Mobile POS Terminals Market Analysis, By Component2018 - 2028 (US$ Bn)
10.2.1 Hardware
10.2.1.1 RoW Mobile Point-Of-Sales Terminals Hardware Market Revenue2018 - 2028, (US$ Bn)
10.2.2 Software
10.2.2.1 RoW Mobile Point-Of-Sales Terminals Software Market Revenue2018 - 2028, (US$ Bn)
10.3 RoW Mobile POS Terminals Market Analysis, By End-use2018 - 2028 (US$ Bn) (Mn Units)
10.3.1 SRC Analysis
10.4 RoW Mobile POS Terminals Market Analysis, By Region2018 - 2028 (US$ Bn) (Mn Units)
10.4.1 Latin America Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn)
10.4.2 Middle-East and Africa Mobile POS Terminals Market Revenue and Volume2018 - 2028 (US$ Bn)
10.4.3 Comparative Analysis of RoW Mobile Point-Of-Sales Terminals Market Revenue, By Country2018 - 2028, (US$ Bn)
10.4.4 Comparative Analysis of RoW Mobile Point-Of-Sales Terminals Market Volume, By Region2018 - 2028, (Mn Units)
Chapter 11 Company Profiles
11.1 Verifone Systems, Inc.
11.1.1 Verifone Systems, Inc : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.2 Ingenico S.A.
11.2.1 Ingenico S.A. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.3 PAX Technology Ltd.
11.3.1 PAX Technology Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.4 NCR Corporation
11.4.1 NCR Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.5 MICROS Systems, Inc.(Oracle Corporation)
11.5.1 MICROS Systems, Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.6 Panasonic Corporation
11.6.1 Panasonic Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.7 Toshiba Tec Corporation
11.7.1 Toshiba Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.8 Hewlett Packard
11.8.1 Hewlett Packard : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.9 Samsung Electronics Co., Ltd.
11.9.1 Samsung Electronics Co., Ltd. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.10 First Data Corporation
11.10.1 First Data Corporation : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.11 Posiflex Technology Inc.
11.11.1 Posiflex Technology, Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
11.12 Square Inc.
11.12.1 Square Inc. : Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, SCOT Analysis, Recent Developments)
Note: Product cover images may vary from those shown
  • Verifone Systems Inc.
  • Ingenico S.A.
  • PAX Technology Ltd
  • First Data Corporation
  • Panasonic Corporation
  • Samsung Electronics Co. Ltd
  • Hewlett Packard
Note: Product cover images may vary from those shown