The Global MPOS Terminals Market Report by Global Insight Services is the single and trusted source of information for the MPOS Terminals Market. This report provides an analysis of the market impact of the latest market disruptions such as the Russian-Ukraine War and Covid-19. The report provides a qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. The report includes in-depth segmentation and market size data by category, product type, application, and region. The report also includes a comprehensive analysis of recent events such as key issues, trends and drivers, restraints and challenges, competitive landscape, and M&A activity in the market.
An MPOS (mobile point of sale) terminal is a device that allows businesses to accept card payments using a mobile phone or tablet. This can be done either through a physical card reader that is attached to the device, or by using the device’s built-in NFC (near-field communication) capabilities.
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Key Trends and Drivers
The major factor driving the growth of the market is the increasing adoption of mobile point of sale (mPOS) terminals by small and medium enterprises (SMEs). The mPOS terminals offer several benefits to the SMEs, such as easy setup, low cost of ownership, and portability. Moreover, the mPOS terminals are integrated with several features, such as inventory management, customer relationship management (CRM), and loyalty programs, which further help the SMEs to manage their business effectively.
The other factor driving the growth of the market is the increasing adoption of contactless payments. The contactless payments are fast, convenient, and secure, which are the major factors driving the growth of the market. Moreover, the contactless payments help to reduce the queue time and the chances of errors.
The rising number of smart phone and tablet users is another factor driving the growth of the market. The increasing penetration of Internet of Things (IoT) and adoption of cloud-based mPOS solutions are also expected to contribute to the growth of the market.
The increasing number of mPOS terminal deployments in the healthcare sector is another factor expected to contribute to the growth of the market. The rising number of mPOS terminal deployments in the hospitality sector is also expected to drive the growth of the market.
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Market Segments
By Solution:
- Hardware
- Handheld terminal
- Tablet
- Software
- Services
By Deployment
- On-premise
- Cloud-based
By Application
- Entertainment
- Healthcare
- Restaurants
- Retail
- Events
- Utilities
Key Players
- Ingenico Group,
- First Data Corporation,
- Oracle Corporation,
- NCR Corporation.
- Diebold Nixdorf
- Zebra Technologies
- Posiflex Technology
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