Global MPOS Terminals Market report from Global Insight Services is the single authoritative source of intelligence on MPOS Terminals Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities 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.
MPOS terminals are becoming increasingly popular as businesses look for ways to make it easier for their customers to pay. They offer a convenient and easy-to-use alternative to traditional point of sale terminals, and can be used in a variety of settings, such as retail stores, restaurants, and even at events.
Request Sample Report : https://www.globalinsightservices.com/request-sample/GIS10209
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.
Challenges and Restraints
Some key challenges that need to be addressed in order to further accelerate the growth of this market are:
One of the biggest challenges is the lack of standardization. There are currently many different types of MPOS terminals available in the market, which makes it difficult for businesses to choose the right one for their needs. This also makes it difficult for software developers to create applications that are compatible with all types of MPOS terminals.
Another challenge is the high cost of MPOS terminals. Although the prices have been dropping in recent years, they are still relatively expensive compared to other types of payment solutions such as point-of-sale (POS) terminals. This makes it difficult for small businesses to adopt MPOS terminals.
Finally, another challenge that needs to be addressed is the security of mobile payments. Although MPOS terminals are generally more secure than traditional POS terminals, there have been some high-profile security breaches in recent years. This has made some consumers hesitant to use mobile payments, which could limit the growth of the MPOS terminals market.
Buy Now : https://www.globalinsightservices.com/checkout/single_user/GIS10209
Market Segments
By Solution:
- Hardware
- Handheld terminal
- Tablet
- Software
- Services
By Deployment
- On-premise
- Cloud-based
Key Players
- Ingenico Group
- First Data Corporation
- Oracle Corporation
- NCR Corporation
- Diebold Nixdorf
- Zebra Technologies
- Posiflex Technology
- Dspread Technology, Inc.
- Intuit Inc.
- PAX Technology Ltd.
- Square
- Paypal
- Verifone
Request For Customization : https://www.globalinsightservices.com/request-customization/GIS10209
With Global Insight Services, you receive:
• 10-year forecast to help you make strategic decisions
• In-depth segmentation which can be customized as per your requirements
• Free consultation with lead analyst of the report
• Excel data pack included with all report purchases
• Robust and transparent research methodology
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/