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Home>Global Mobile Point-of-Sale (mPOS) Terminals Market - Growth Trends, Competitive Strategies & Forecasts to 2022 - Research and Markets

Global Mobile Point-of-Sale (mPOS) Terminals Market - Growth Trends, Competitive Strategies & Forecasts to 2022 - Research and Markets

Global Mobile Point-of-Sale (mPOS) Terminals Market - Growth Trends, Competitive Strategies & Forecasts to 2022 - Research and Markets

09/19/2017

Global Mobile Point-of-Sale (mPOS) Terminals Market - Growth Trends, Competitive Strategies & Forecasts to 2022 - Research and Markets

The "Global Mobile Point-of-Sale (mPOS) Terminals Market, 2017-2022" report has been added to Research and Markets' offering.

The demand for mobile POS terminals is poised to witness upsurge, majorly contributed by the demand from retail sector.

The current penetration rate of mobile POS terminals is comparatively high in the retail segment, especially among micro, small and medium sized business retailers. Easy operational use and low upfront cost of these devices has necessitated retailers, especially micro and small merchants to look beyond the traditional stationary POS systems.

Thus, the use of a tablet or a smartphone allows retailers to support the Point of Sale capability at relatively less capital expenditure and realize improved return on investments. Furthermore, mobile POS devices also support loyalty programs that are targeted at customer retention. By identifying loyal customers (through their payment information), mobile POS terminals enable retailers to offer discounts, coupons and other perks to these customers, thereby enhancing their shopping/buying experience.

Although mobile POS terminal vendors have eventually realized the need for achieving scale and targeting beyond their core base of micro merchants, the adoption of mobile POS terminals among larger retailers has been low. However, with the established retail chains such as Apple, Home Depot, Gucci, Nordstrom, and Urban Outfitters increasingly deploying mobile POS terminals, the future prospect looks favorable.

Companies Mentioned

  • Verifone Systems, Inc.
  • Ingenico S.A.
  • PAX Technology Ltd.
  • NCR Corporation
  • MICROS Systems, Inc.(Oracle Corporation)
  • Panasonic Corporation
  • Toshiba Tec Corporation
  • Hewlett Packard
  • Samsung Electronics Co., Ltd.
  • First Data Corporation
  • Posiflex Technology Inc.
  • Square Inc.

Key Topics Covered:

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